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Tezos Price outlook: Charts point to a surge after a bullish pattern formation
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Jack in the Box claims in court FTX US ripped off its character to create ‘Moon Man’
Lawyers for major fast food chain Jack in the Box have filed a lawsuit against crypto exchange FTX US for copyright and trademark infringement of its “Jack” mascot. According to federal court documents filed in the Southern District of California on Wednesday, Jack in the Box’s legal team is requesting a jury trial, claiming FTX US’ Moon Man character — Lou Nar, an adult male typically dressed in polo shirts with the head of a moon used for Major League Baseball events — is a ripoff of the company’s current version of its Jack mascot. The fast-food company describes its character as “a typical adult human male, with the exception of his large spherical white head, blue dot eyes, nose, and curvy smile.” “Rather than spending its vast financial resources to develop its...
Argo Blockchain’s Texas mining facility could cost up to $2B
United Kingdom-based crypto mining company Argo Blockchain’s plans to build an 800-megawatt data center in West Texas could cost anywhere from $1.5 billion to $2 billion. According to a Friday regulatory filing from Argo, the $2 billion cost estimate for the Helios mining facility built on a 320-acre land plot in Texas was based on “the type of mining machines to be installed in the facility, the mix of owned and hosted machines, the cost of raw materials, labor and power required to construct the facility, the timing of build-out and machine purchase, and other factors.” However, the firm added that this was only an estimate and “future results could differ materially.” Argo broke ground on the 200 MW crypto mining facility based in Dickens County in July, reporting the site will give the...
Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels
Price action in the crypto market has not been for the faint of heart over the past 48 hours and it’s clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts brought new all-time highs. While the top two cryptocurrencies fight to hold key support levels, the altcoin market has seen a handful of tokens post double-digit gains on Nov. 5 and Cointelegraph Markets Pro’s altseason indicator suggests the current market conditions line up with previous altseason price moves. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were XYO Network (XYO), Crypto.com Coin (CRO) and Wrapped NXM (WNXM). XYO lists on Crypto.com The XYO...
Burger King gives away free crypto, bulls predict $98K BTC in November and Australian mega bank offers crypto trading services: Hodler’s Digest, Oct. 31-Nov. 5
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week ‘Uptober’ closes at record high in best month of 2021 — 5 things to watch in Bitcoin this week After Bitcoin’s (BTC) first-ever monthly close above $60,000 for October and a new all-time high (ATH), the bulls are reading the tea leaves to see what November will bring. Plan B — who has been pretty bang on the money in recent months — has forecasted a November close of $98,000 per BTC. Something that may suggest the asset is on the up this month is that a strong number of holders weren’t tempted to sell de...
Astroworld ‘Had More Security’ Than the World Series, Houston Mayor Says After Tragedy
During a press conference on Friday night, Houston Fire Department Chief Samuel Peña said a “mass casualty” event occurred at 9:38 p.m. local time at Houston’s NRG Park. Estimating the crowd’s attendance at around 50,000, the chief said trouble began shortly after 9 p.m. when “the crowd began to compress toward the front of the stage and that caused some panic and started causing some injuries. People began to fall out and become unconscious and that created additional panic.” Per Peña, Astroworld’s medical tent and staff was “quickly overwhelmed” by the scale of the incident, after which the Houston fire department stepped in and dispatched 50 units. Astroworld representatives have confirmed that day two of the Houston festival is canc...
Astroworld Security Officer Was Pricked by a Needle, Treated With Narcan
During the same press conference, Fire Department Chief Samuel Peña confirmed “there were several, many instances where they administered Narcan on the scene.” Later, when asked by press whether any person other than the aforementioned security officer was pricked by an unknown needle, Finner replied, “Right now we have that one.” Houston Mayor Sylvester Turner confirmed at the press conference that took place shortly after 3 p.m. local time that the number of fatalities remained at eight. The ages of seven of those who died ranged from 14-27 years old. One male victim of the incident has yet to be identified. The mayor added that six of the eight families have been notified. As of this afternoon, 13 of the 25 people rushed to the hospital last nigh...
Binance and Tether among risky players in blockchain: US CoC
Regulators must seek to achieve controlled supervision of cross border cryptocurrency firms, Hsu stated. The United States acting Comptroller of the Currency Michael J. Hsu called for a more comprehensive regulatory framework to address the threats posed by universal cryptocurrency exchanges. The remarks come amid an ongoing institutional crackdown on crypto mining in China and increasing regulatory attention towards cryptocurrency firms across the world. In a speech at the American Fintech Council’s 2021 Policy Summit, Hsu stated that large cryptocurrency companies with cross border operations pose risks beyond what the current regulations seek to address. The CoC thus called for such universal companies, especially those involved in issuing highly circulated stable coins to embrac...
LinkedIn study shows crypto jobs are well dispersed across the US
Around 53% of crypto jobs are dispersed in relatively small chunks across the country A study conducted by employment services provider company LinkedIn has revealed that cryptocurrency-related jobs in the United States don’t have a single hub. The well-dispersed nature of the crypto job market can be seen as a reflection of the decentralised vision of the industry itself. The study defined crypto hire as any United States-based LinkedIn job posting that matched the keywords crypto, blockchain, Bitcoin, Ethereum or Solidity between January 2021 and September 2021. Considering that the crypto and blockchain industry can be understood as an intersection of finance and technology, finance hub New York and tech hub San Francisco naturally reported the most crypto hires. Los Angeles, Miam...
The Metaverse: Will it be a decentralized haven or a centralized tyranny?
Last week, Facebook rebranded to Meta and announced its plans to kickstart the development of the Metaverse — an entirely new way of interacting and navigating the internet. Now, the Metaverse landscape has a multi-billion dollar corporate behemoth vying for the helm, which has made its future all the more uncertain. Whether we like it or not, major corporations will likely play a major role in how the Metaverse develops and evolves. But will it be plagued by the same problems faced by today’s social media giants, or will decentralized platforms and services take center stage? Related: New industry, new rules: Building the Metaverse without bias Building a digital walled garden At last week’s Facebook Connect conference, Meta founder and CEO Mark Zuckerberg announced plans to spend $10 bil...
Green means go: 5 spectacular altcoin rallies with one thing in common
In crypto trading we often see entire sectors move in tandem. DeFi coins may all curve upwards together, while metaverse tokens soared on news that Facebook’s getting a Facelift. But this week’s group of top crypto performers have very little in common… except one trading indicator that lit up in pulsating green neon letters before their prices trended upward. We’re looking today at: Polygon (MATIC) — a layer-2 scaling solution for Ethereum Aave (imaginatively, AAVE) — a decentralized finance (DeFi) asset Voyager (VGX) — a crypto trading platform Koinos (KOIN) — a feeless foundational blockchain built for scalability Linear (LINA) — a cross-chain asset protocol All have delivered major gains over the last month, and despite their differences they have one thing in common. Each one ac...
‘Overtime, we will see the NFT market broaden,’ says Ripple’s CTO David Schwartz
Nonfungible tokens, or NFTs, have been dominating the crypto market this year. With sales topping over $2.5 billion during the first half of 2021, it shouldn’t come as a surprise that both the crypto community and mainstream creators are launching NFTs in hopes of driving revenue and engagement. The rise of the Metaverse has also pushed the adoption of NFTs, demonstrating the value of nonfungibles for major brands and social media platforms alike. While NFT sales soar, the Ethereum blockchain continues to rule the space. For instance, a recent report from Cointelegraph Research found that Ethereum represented at least 97% of every NFT market sector, which includes games, collectibles and marketplaces. It’s also interesting to point out that blockchain analytics firm Moonstream found ...
