Business

New York Mayor-Elect Eric Adams appears to be doubling down on his pro-crypto stance, asserting that that schools should incorporate cryptocurrency studies into their curricula. Speaking during a Nov. 7 interview with CNN’s State of the Union, Adams described cryptocurrency as “a new way of paying for goods and services throughout the entire globe,” urging local schools to equip students for “the new way of thinking” brought about by blockchain technology and digital assets. “We must open our schools to teach the technology, to teach this new way of thinking.” Adams also anecdotally noted surprisingly low awareness of crypto among his young constituents. “When I talked about blockchain and Bitcoins, young people on the street stopped and asked me, ‘What is that?’” said the 61-year-ol...

With Bitcoin trading within 2% of its all-time high while Ethereum, Solana, and Polkadot push into previously uncharted price ranges, CoinGecko estimates that the combined cryptocurrency market cap has broken above $3 trillion for the first time. According to CoinGecko, the total crypto capitalization broke into new highs above its previous record of $2.62 trillion on Oct. 20 and has increased by a further 14.5% in less than three weeks. The combined crypto market cap had previously topped out at a peak of nearly $2.62 trillion on May 12 of this year, before bouncing off a local low of $1.24 trillion on July 20. The previous bull cycle saw the total digital asset capitalization post a high of $848.6 billion on Jan. 6, 2018. CoinGecko’s data tracks 10,418 digital assets across 518 cryptocur...

Bitcoin (BTC) starts a new week on a high in more ways than one as BTC/USD seals its highest-ever weekly close. After days of painfully slow progress, Bitcoin finally put in a breakout move to the upside to pass crucial levels. Now ready to go “parabolic,” some argue, the largest cryptocurrency is now firmly back on the radar of traders after a week dominated by record highs in altcoins. Will “Moonvember” start to live up to its name? Cointelegraph takes a look at what could end up moving the market in the coming days. Large futures gap opens as BTC passes $65,000 It took a week’s patience, but bulls were finally rewarded overnight on Sunday as Bitcoin took flight, reclaiming its old all-time high of $64,900 from April. As is so often the case during bull runs, the pace of gains was swift,...

According to new legislation passed by the upper house of the country’s national parliament today, crypto businesses in Kazakhstan may soon be subjected to Anti-Money Laundering (AML) regulations, as reported by local news outlet Vlast.  The new law extends the country’s financial monitoring system to cover crypto service providers. The new legislation would also establish a legal institution of public officials. When a firm launches its cryptocurrency trading service or issues digital assets, it would have to notify the Ministry of Digital Development, Innovation and Aerospace Industry in Kazakhstan. The institution will be in charge of conducting a risk assessment, verifying that Know Your Customer and AML regulations are being followed. According to Vlast, Sen...

Coinlist.me has rebranded to CoinText to reach all levels of traders from hardened crypto veterans to brand new investors. CoinText is a vibrant new brand focusing on cryptocurrency education, trading expertise, and industry news. We’re so excited about this fresh start for CoinText! Our vision is to equip readers with all the context needed to feel confident investing in today’s rapidly evolving crypto market.  CoinText is your friendly guide for learning about blockchain technology, new emerging investment opportunities, and all the latest coins. We take the guesswork out of researching new coins and provide thorough guides walking you through every step needed to get informed and invest with confidence. So what’s next for CoinText? Rest assured knowing Coinlist.me’s legacy of provi...

Bitcoin’s (BTC) dominance has dropped from about 48% on Oct. 20 to 42.3% on Nov. 7 while the total crypto market capitalization has continued its northward journey. This indicates that the price action has shifted from Bitcoin to altcoins. CryptoQuant CEO Ki Young Ju said that Bitcoin whales are selling but this has not resulted in the breach of the strong support at $60,000. He also pointed out that Bitcoin reserves across exchanges have continued to decrease, indicating strong appetite from buyers. Crypto market data daily view. Source: Coin360 The majority of the market participants remain bullish on Bitcoin and anticipate a rally to $288,000 by the start of 2022, according to a survey conducted by PlanB. Real Vision founder Raoul Pal also projected a bullish picture for cryptocurrencie...

Neal Stephenson, a popular sci-fi writer coined the phrase “metaverse” in his first best-selling and breakthrough 1992 novel, Snow Crash. Now that concept is becoming a reality, and what’s more, you can invest in the metaverses. In Ready Player One, The OASIS is another example of an advanced virtual reality. Numerous other sci-fi authors, such as Ian M Banks, have created and used similar concepts within their novels. Back in September, Facebook CEO Mark Zuckerberg was clearly interested in advancing the metaverse. In a recent earnings call, Facebook made it clear that they want to unify communities, creators and eCommerce in the metaverse with Zuckerberg saying: “Our overarching goal across all of these initiatives is to help bring the metaverse to life.” And just last week Facebook rebr...

Anyone who hasn’t been living under a rock is probably aware that the gaming industry has been on an absolute tear. It’s one of the industries that has benefited from the COVID-19 pandemic in a big way.  That said, the average investor might not be aware of the following growth figures: The global gaming market is currently worth $180 billion — the fastest-growing form of entertainment globally. For reference, the global film industry is worth $100 billion and all North American sports combined are $73 billion in terms of annual revenues. Global game market revenue. Source: Bloomberg, Pelham Smithers, GamingScan.com Experts predict that the number of online streamers of online games will rise to one billion by 2025 — one in nine people today. Three of the top four most viewed United S...

Bitcoin (BTC) traders appear undecided on the next step and this is reflected in the price oscillating between $58,400 and $63,400 over the last 14 days. There are some bearish signals coming from the United States regulatory front, but at the same time,the Bitcoin exchange-traded funds (ETF) surpassing $1.2 billion in assets under management has also boosted investors’ expectations. Bitcoin price in USD at Coinbase. Source: TradingView A Nov. 5 CryptoQuant report confirmed that whales have accounted for most selling pressure in recent days. The on-chain monitoring resource focused its attention on the “exchange whale ratio” — the percentage of inflows coming from the largest wallets — and showed a clear increase from the middle of October until today. Moreover, on Nov. 1, the U.S. Treasur...