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Mythical Games announces $150M raise as the company expands into NFTs
Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz. Mythical said it plans to use this new infusion of capital to help integrate NFTs into games. Andreessen General Partner Arianna Simpson said in a statement: “Co-Founders John, Jamie, and Rudy have a wealth of experience in the gaming world, and have built a world-class team to support their vision. We’re thrilled to partner with them to bring NFT gaming to an even larger stage.” Other investors in this round included venture capital firms D1 Capital, 32 Equity (the investment arm of the National Football League), RedBird Capital, Com2Us, and The Raine Group in addition ...
U.S., U.K. lead pledge to end overseas oil and gas financing, but with big caveats
A senior Biden administration official told POLITICO the measure includes exemptions, and that the Biden administration had not settled on how it would instruct its finance aid organizations like the U.S. Export-Import Bank, the International Development Finance Corp. and Millennium Challenge Corp. to implement it. How tight any carve-outs are for oil and gas is potentially significant for Ex-Im, which approved $5 billion in fossil fuel finance the last two years, environmental group Friends of the Earth said in a statement. “While this is welcome progress, countries, especially the U.S., must hold firm to these commitments, shutting off the spigot to fossil fuel companies like [Mexico’s] Pemex and Exxon,” said Kate DeAngelis, manager of Friends of the Earth’s inter...
Chainlink’s total value secured surpasses $75B as DeFi continues to surge
The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi sector. With the milestone, Chainlink has become “one of the most value securing forms of decentralized consensus on the planet,” according to protocol co-founder Sergey Nazarov. Chainlink is also one of the fastest-growing networks in all of crypto, with smart contract value secured growing by a factor of ten since last year. 2020 was a year of record growth for the #Chainlink Network. Here’s an overview of key metrics, like our adoption in #DeFi, implemented research, & blockchain integrations. Thank you to our great community and the amazing sma...
Bitcoin on-chain metric suggests 2017-style bull run will continue
Bitcoin’s (BTC) pullback from its record high of $67,000 to below $60,000 has not deterred bulls from eyeing another peak level ahead, per an indicator that attempts to predict market bottoms and tops. Dubbed MVRV, the risk metric represents the ratio of Bitcoin’s market value to its realized value — similar to the price to book (P/B) ratio that compares a company’s market value to its book value. In doing so, MVRV attempts to identify whether an asset is under or overvalued. A 2017-like bullish setup An MVRV reading above 3.7 alerts about Bitcoin topping out, prompting selloffs. On the other hand, an MVRV reading below 1 implies buying pressure on the prospects of Bitcoin bottoming out. MVRV has historically assisted Bitcoin traders in spotting selling and buying pr...
India’s top payment firm Paytm reportedly considers Bitcoin services
Paytm, India’s leading digital payments company, has said Thursday that it would consider Bitcoin services if the country’s regulatory framework for cryptocurrencies was more definite. Speaking to Haslinda Amin and Rishaad Salamat during an interview on Bloomberg TV, Paytm’s Chief Financial Officer Madhur Deora stated that the rules surrounding Bitcoin (BTC) remain in a “grey area” in India. “Bitcoin is still in a regulatory grey area if not a regulatory ban in India. […] At the moment Paytm does not do Bitcoin. If it was ever to become fully legal in the country then clearly there could be offerings we could launch.” The Reserve Bank of India (RBI) had initially prohibited cryptocurrencies, but the decision was reversed by India’s Supreme Court in March ...
Google invests $1B in CME Group along with 10-year Cloud deal
Google’s parent company Alphabet has made a $1 billion equity investment in the Chicago Mercantile Exchange Group, the exchange responsible for many crypto derivatives products. In a Nov. 4 notice to investors, the CME Group announced the $1 billion investment from Alphabet in addition to a 10-year strategic partnership with Google Cloud aimed at accelerating the exchange’s move to the cloud and changing the way global derivatives markets operate. Google made the investment through the company’s nonvoting convertible preferred stock. “Through this long-term partnership with Google Cloud, CME Group will transform derivatives markets through technology, expanding access and creating efficiencies for all market participants,” said CME Group chair and CEO Terry Duffy. “This p...
Top 3 Metaverse Tokens to buy on November 4, 2021: SAND, MANA, and AXS
The value of The Sandbox has increased by 7% in the last 24 hours. Axie Infinity’s circulating supply has increased by 200% in the last 24 hours. Decentraland has the potential to reach new heights with the rise of metaverse tokens. The Sandbox (SAND) is a blackchin-based virtual world that was launched in 2011 and lets users create, build, buy and sell digital assets in the form of a game. Decentraland (MANA) is a virtual reality platform powered by the Ethereum blockchain, which lets users create, experience, and monetize content and applications. Axie Infinity (AXS) is a blockchain-based trading and battling game that allows players to earn tokens and sell in-game Axies as NFTs. Should you buy The Sandbox (SAND)? On November 4, The Sandbox (SAND) had a value of $3.02247. To get a better...
Market highlights: Solana (SOL), Avalanche (AVAX), and Polkadot (DOT) all hit new highs
The cryptocurrency market was in the green over the last 24 hours, with most top 10 coins registering significant gains. The global crypto market cap as of Thursday morning stood at $2.74 trillion, a 0.26% increase in the last 24 hours. The total market volume also increased by 4.77% to $136.19 billion in the last 24 hours. The DeFi and stable coins have seen the most gains. The total volume in DeFi stands at about $19.41 billion, which is 14.25% of the total crypto market volume in the last 24 hours. The volume of all stable coins stands at around $103.23 billion, which is about 75.8% of the crypto market in the last 24 hours. Solana (SOL) new ATH: $247.62 Solana (SOL) has been on a relentless bullish trend since July 20 and it has been setting and smashing new all-time highs (ATH) almost...
Aussie crypto micro investment app Bamboo raises $3M, eyes US market
Blake Cassidy, CEO of Australian micro-investment app Bamboo, has claimed that the Australian Securities Exchange’s (ASX) bias against listing crypto companies is causing an Aussie brain drain leading firms to seek out a US listing. Cassidy’s comments come in the same week the company announced a $3 million ($4M AUD) Series A investment round including participation from Australia’s largest cryptocurrency hedge fund, Orthogonal Trading, Mountain Ash Investment Management, and VP Capital. Bamboo is a micro-investing app that allows users to buy small amounts of digital currencies such as BTC and ETH by rounding up to the next dollar on each purchase and using the difference to buy any asset offered by the app. Cassidy told the Sydney Morning Herald that when he and his team were in the proc...
FC Barcelona set to launch NFT soccer moments with Ownix
The FC Barcelona soccer club has partnered with Ownix to debut the launch of its nonfungible token (NFT) collection focused on enhancing the connection to its global audience. The series will showcase historic moments from the club’s 122-year history, one that includes an illustrious trophy display of 95 domestic and international triumphs, including 26 national league and five UEFA Champions League titles, according to archive data from Wikipedia. The digital assets will be facilitated through Ownix’s marketplace and are expected to launch in the final week of November utilizing the platform’s native ERC-20 token ONX. Cointelegraph spoke to Guy Elhanani, CEO of Ownix, for exclusive insight into the partnership. Cointelegraph: Will the NFT collection be immediately accessible to Barcelona’...
Bitcoin retests support, with trader forecasting BTC price dip to $55K
Bitcoin (BTC) denied bulls their big break on Nov. 4 as sideways action dragged the market ever closer to $60,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC hodlers in “buy the dip” mode Data from Cointelegraph Markets Pro and TradingView showed BTC/USD back below $62,000 at 8 am UTC. The pair saw a difficult 24 hours after hitting local highs above $64,000, finally bouncing at $60,000 in a brief but significant dip. The plebs continue to stack. — Dylan LeClair (@DylanLeClair_) November 4, 2021 While some suggested the price action was a gift to investors looking to add to their BTC stash before further upside, analysts were more focused on longer timeframes. “BTC retest has been successful for three weeks in a row thus far,” Rekt Capital noted about t...
Binance to spend $115M in France to develop European crypto ecosystem
Global crypto exchange Binance is starting a 100 million euro ($115 million) initiative to develop the blockchain and crypto ecosystem in French and Europe, Binance CEO Changpeng “CZ” Zhao announced in a talk with French Minister Cédric O at the French Ministry of Finance in Paris. Binance is launching the new initiative, officially named Objective Moon, in partnership with the local financial technology association France FinTech. The association will help Binance connect and work with the local fintech sector, a Binance spokesperson told Cointelegraph. According to the announcement, Objective Moon would see the development of a Binance Research and Development hub in France. To this end, the crypto exchange plans to recruit crypto and blockchain talent from across France and Europe....
