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Venezuela to accept cryptocurrencies in the Maiquetía airport
Introduction of crypto payments will benefit foreign travellers, says the airport director The Simón Bolívar International Airport in Maiquetía, Venezuela has announced that it has begun preparations to enable travellers to pay for tickets and other services offered in its vicinity via major cryptocurrencies. According to popular regional news agency El Siglo the airport, located just 12km downtown from the Venezuelan capital Caracas, is looking to attract modern travellers who prefer to transact digitally. Maiquetía airport director Freddy Borges confirmed that the airport is working with regulators to ensure that the crypto payments facilities comply with the local industry standard requirements. He added that the airport administration will be partnering with Venezuela’s National...
Denis Handlin’s Honorary Award Is Revoked Following Explosive Documentary
“Following ongoing reports of systemic bullying, discrimination, and misconduct under Handlin’s leadership at Sony Music Entertainment,” reads a statement from Kris Stewart, CEO of QMusic, the organization “could not let this acknowledgement and celebration of Handlin’s career stand.” Those reports have been mounting-up in recent months, and reached a crescendo with the ABC’s Four Corners investigation, for which journalist Grace Tobin spoke with more than 100 current and ex-Sony Music employees as part of the broadcaster’s probe into bullying, discrimination and misconduct at the music giant. The report, notes QMusic’s Stewart, “laid bare the undeniable fact that the culture under Denis Handlin’s leadership at Sony came at significant human cost.” He continued, “toxic workplac...
Sam Fender’s ‘Seventeen Going Under’ Opens Healthy Lead In U.K. Chart Race
It’s the outright leader on the midweek chart, and is outselling the rest of the Top 10 combined, according to the OCC. Fender’s set has a lead of 20,000 chart sales over his closest competitor, Drake’s Certified Lover Boy (OVO/Republic Records). Also impacting the Official Chart Update is Trivium, whose tenth album In The Court of the Dragon (Roadrunner) swoops in at No. 3. If it holds its course, Dragon will give the U.S. metal band their second U.K. Top 10 and a peak entry. Electronic artist James Blake could also net a career-best chart position with Friends That Break Your Heart (Polydor), new at No. 5. Based on midweek data, fresh sets from Johnny Flynn (Lost In Cedar Wood at No. 11 via Transgressive) and We Are Scientists (Huffy at No. 15 via 100 Percent Records) are eying Top...
Litecoin price analysis: LTC struggling to defend the $170 level
The cryptocurrency market has continued its trend this week, with Bitcoin rallying while most of the altcoins are underperforming The cryptocurrency market has been experiencing a mixed performance since the start of the week. Bitcoin has been performing excellently and has recently broken past the $57,000 resistance level, thus paving the way for it to rally higher and target the $60,000 level. However, the majority of the leading altcoins are currently trading in the red zone despite Bitcoin’s excellent run. Ether, Cardano, Binance Coin, XRP, Solana, Polkadot and others are all recording losses at the moment. Litecoin is not left out as Bitcoin’s sister coin is down by more than 3% over the past 24 hours. It could record further losses if the current market conditions don’t improve...
FTX.US launches a Solana-based NFT marketplace
The NFT space is one of the fastest growing in the crypto industry, and more companies are entering the sector FTX.US, the United States arm of leading crypto exchange FTX, has fully launched its non-fungible token (NFT) marketplace. This latest development comes as the NFT market continues to gain more adoption globally. FTX’s NFT marketplace is designed to support the buying and selling of a wide range of Solana-based NFTs. In the past, the FTX NFT marketplace was only focused on buying and selling NFTs directly minted on the platform. However, the platform is now expanding beyond this scope to support Solana-based NFTs. FTX.US users can now buy and sell a wide range of Solana-based NFTs, including Degenerate Ape Academy and Solana Monkey Business. FTX.US president Brett Harrison stated ...
FTX.US expands NFT marketplace to support Solana tokens
FTX.US’s NFT marketplace has expanded support to the Solana blockchain, enabling users to trade, deposit and withdraw nonfungibles that conform to the Metaplex token standard. The U.S. registered branch of FTX announced the expanded functionality on Oct. 11, revealing the marketplace also plans to support Ethereum-based tokens in the near future. The marketplace is open to both U.S. and non-U.S. customers from a long list of jurisdictions, however New York residents are unable to sign up for the platform. Brett Harrison, the president of FTX.US, said that the firm is looking to provide “simpler, safer and easier tools” for mainstream users to trade NFTs via its marketplace, adding: “The NFT ecosystem has started to infiltrate pop culture, but has been lacking a platform that provides...
Long-term Bitcoin bulls hodl strong despite five-month price high
On-chain analytics provider glassnode reports that long-term Bitcoin holders are refusing to sell despite the BTC markets rallying to a five-month price high. In its Oct. 11 “Week on Chain” report, Glassnode noted that “long-term holders” — BTC wallets that have not seen outflows for more than 155 days — are currently sitting on nearly 13.3 million BTC or 70% of Bitcoin’s supply. The report notes that long-term holders have increased their collective stash by more than 2.37 million BTC (roughly $134 billion at current prices) over the past seven months. With only 186,000 BTC being newly minted by miners during the same period, Glassnode concludes that long-term whales are accumulating 12.7 times more BTC than is created as new supply. Despite long-term holders refusing to sell, Glassnode n...
Top engineers working on Facebook’s wallet jump ship to A16z’s crypto fund
Andreessen Horowitz (A16z), a leading venture capital firm operating in the crypto sector, has nabbed two of the leading engineers working on Facebook’s digital currency project for its digital asset fund. According to an Oct. 11 report from CNBC, Nassim Eddequiouaq and Riyaz Faizullabhoy have jumped ship from Facebook to A16z after spending two years working on the social media giant’s Novi digital wallet (formerly Calibra). Faizullabhoy will serve as CTO while Eddequiouaq will take on the role of CIO at A16z’s crypto division. Faizullabhoy stated: “Andreessen Horowitz has shown an impressive dedication to advancing the entire crypto ecosystem over the past decade, and we jumped at the chance to join their premier team and provide technical support to their rapidly-expanding portfolio.” A...
Institutional crypto products eye record AUM as investors pile into Bitcoin
Institutional investors are continuing to pile into Bitcoin despite prices pushing up to a five-month high. According to CoinShares’ Oct. 12 Digital Asset Fund Flows Weekly report, more than $226 million in capital flowed to institutional Bitcoin (BTC) products this past week. Bitcoin products dominated inflows for the third consecutive week, posting a week-over-week increase of 227%. The heavy inflows coincided with the price of BTC gaining 12.5% for the week, with BTC sitting at around $54,000 on Oct. 8. CoinShares attributes the positive shift in sentiment towards Bitcoin to recent statements from U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler’s suggesting the long-awaited approval of the United States’ first Bitcoin exchange-traded fund (ETF) may be just around the...
Pink Is Most-Played Female Artist In U.K. This Century
Adele (No. 6) and Little Mix (No. 9) are the only homegrown artists to crack the list, while Rihanna (No. 4), Kylie Minogue (No. 8) and the late Whitney Houston (No. 10) also appear. PPL’s most-played list is based on exclusive music usage and airplay data from U.K. radio stations and television channels. The association’s library contains data for over 15 million recordings, and it receives usage data from licensees describing the music used across billions of seconds of airplay. Pink was already a star in the U.K. before she broke through in the mainstream of her homeland. In her career so far, she’s racked up 36 Top 40 hits in the U.K., including three No. 1s, for 2001’s “Lady Marmalade,” a collaboration with Christina Aguilera, Lil’ Kim and Mya; 2002’s “Just Like a Pil...
Bakkt crypto exchange partners with Google for payments
Users who hold debit cards issued by cryptocurrency exchange Bakkt will be able to convert their crypto balances to make fiat payments using Google Pay. In an Friday announcement, Bakkt said it had partnered with Google to allow its users to purchase goods and services using Bitcoin (BTC) and other cryptocurrencies through the Google Pay wallet and payment system. In addition, Bakkt plans to build new analytics and geolocation functionality on its platform using Google Cloud tools. The exchange hopes that the features will expand loyalty redemption options “while providing Bakkt partners with valuable consumer behavior patterns.” “This partnership is a testament to Bakkt’s strong position in the digital asset marketplace, to empower consumers to enjoy their digital assets in a real-time, s...
Elliptic raises $60M to advance crypto analytics service
Cryptocurrency risk management firm Elliptic has announced a $60 million Series C funding round led by Evolution Equity Partners and supported by a panoply of venture capital firms including SoftBank Vision Fund 2, as well as existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital and SBI Group, amongst others. Elliptic’s history of funding charts a consistent increase, with their debut funding raise in 2016 totaling $5 million, while their second raise across late 2019 to early 2020 resulted in an additional $28 million. Founded in 2013 and headquartered in London, Elliptic captures analytical data from the blockchain sector to provide anti-money laundering and compliance services to fintech institutions, governmental and legislative groups, and crypto org...
