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Billy Strings Is Top Winner at 2021 IBMA Bluegrass Music Awards
Appalachian Road Show, Dale Ann Bradley and Sierra Hull were also two-time winners. Appalachian Road Show took instrumental group of the year and new artist of the year. Bradley took female vocalist of the year for the sixth time and tied for gospel recording of the year. Sierra Hull took mandolin player of the year and was among the featured artists on the winner for collaborative recording of the year: Bobby Osborne‘s “White Line Fever.” Other repeat winners in marquee categories included Sister Sadie, which won vocal group of the year for the third consecutive year; and Danny Paisley and Del McCoury, who tied for male vocalist of the year. This was Paisley’s second straight win in that category (and his third overall). It was McCoury’s fifth win in the category, ...
DeFi and DEX volumes soar amid China’s crypto ban and ongoing US regulation
Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. Part of China’s goal in limiting citizens ability to trade cryptocurrency seems focused on discouraging the use of cryptocurrencies and the growing decentralized finance (DeFi) ecosystem but these maneuvers appear to be having the opposite effect as the token price and protocol activity for projects like Uniswap (UNI) and dYdX have seen an uptick since the crackdown began. According to data from Chainalysis, there has been a significant amount of regional Bi...
Shanghai Man: Looking deeper into China’s biggest ban yet
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Well, it finally happened. The regulation-driven crypto-apocalypse in China. They started by clamping down on miners earlier this summer before finally tightening the screws on exchanges. This week, the final nail in the coffin came with even more rules from the PBoC that resulted in many platforms announcing they could no longer accept Chinese users. Banned yet again The new rules handed down by the People’s Bank of China made things incredibly clear for businesses from a legal standpoint. One of the main points was that cryptocurrency-rela...
DOGE co-founder sets sights on Ethereum bridge and NFTs for mass adoption
Dogecoin (DOGE) co-founder Billy Markus has set his sights on nonfungible tokens (NFTs) and an Ethereum-to-Dogecoin bridge to help bring about for mass adoption of the meme coin. In a Sept. 30 tweet, Markus emphasized the importance of completing the Ethereum-Dogecoin bridge so that the asset could be integrated with top Ethereum-based NFT platforms such as OpenSea, enabling non fungible purchases with DOGE. Markus said that there is “high demand” to purchase NFTs within the crypto community and that enabling NFT purchases with DOGE “greatly increases its utility.” DOGE being implemented into the NFT ecosystem would be a huge benefit to the community! — Mr. Whale (@CryptoWhale) September 29, 2021 The in development DOGE-ETH bridge would enable users to send DOGE from the Dogecoin blockchai...
Societe Generale proposes historic $20M DAI loan in exchange for bond tokens
One of France’s leading banks has turned to decentralized finance pioneer MakerDAO to propose the submission of bond tokens as collateral for a loan of the DAI stablecoin. The historic proposal called “Security Tokens Refinancing” was submitted to Maker’s governance forums by the international bank on Oct. 1. It would be the first major collaboration between a traditional bank and a DeFi protocol and could open the door for closer integration between the two sectors. Societe Generale (SG) labeled it as the “first experiment at the crossroads between regulated and open source initiatives.” The bank has proposed that it provides “OFH” security tokens (obligations de financement de l’habitat) which are characterized as covered bonds under French law, and backed by home loans. These would be u...
Bitcoin Depot’s crypto ATMs surpass 5,000 as adoption grows
Bitcoin Depot’s cryptocurrency ATM network continues to expand, with North American installations surpassing 5,000 for the first time amid a surge in retail adoption. With the milestone, Bitcoin Depot is once again the largest ATM network in North America, the company announced Thursday. The number of kiosks has tripled in the last six months, giving more users access to cryptocurrency transactions without requiring a bank or other third-party financial services provider. Bitcoin Depot’s partnership with Circle K convenience stores has been a major source of growth for their crypto kiosks. As Cointelegraph reported, the two companies announced in July that the convenience store chain will be home to thousands of Bitcoin ATM machines. The growth of crypto kiosks is viewed by many as a...
Ethereum bears look to score on Friday’s $340M weekly ETH options expiry
Ether (ETH) price has seen quite a bit of volatility lately and to the surprise of many traders, the $4,000 level continues to present considerable resistance. Currently, the price is respecting the upward channel, which started in August. But every time the support is tested, the risk of an aggressive correction increases. With that in mind, the $340 million options expiry on Oct. 1 will likely be dominated by neutral-to-bearish put options. Ether price at Bitstamp in USD. Source: TradingView Bulls placed larger bets for the expiry but it appears that they were too optimistic for Oct. 1, so their $215 million call (buy) options are getting closer with the looming approach of the expiry date. It’s possible that Ether could be a victim of its own success because the demand for decentr...
Rari, Telos and Polymath rally as Bitcoin price hits $44K
Crypto traders breathed a sigh of relief on Sept. 30 after media headlines reflected positive news regarding adoption and future regulation in the crypto sector. Early in the day, Visa announced that it has developed a layer-2-based blockchain interoperability hub that will support cryptocurrency payments and Federal Reserve chair Jerome Powell stated that the regulator has no intention of banning cryptocurrencies. The rise in sentiment coincided with a positive day for the price action in Bitcoin, which is up 5.74% and trading near $44,000 at the time of writing. 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 Rari Governance Token ...
XDEFI CEO wants to disrupt MetaMask’s domination of browser wallets
Due to the enormous growth of DeFi and a lack of direct competitors, Ethereum wallet and browser extension MetaMask recently surpassed 10 million active users, a major milestone for the ConsenSys-led protocol. Now, a new browser wallet is looking to provide an alternative to MetaMask by doing something that most developers are shying away from — creating a web-based experience as opposed to a mobile client. Emile Dubié, the CEO of XDEFI Wallet, explained to Cointelegraph why MetaMask’s growth has previously gone unperturbed by competitors: “I think developers decided to get on mobile being the next client for blockchain users while the reality is that most of the volume in DeFi is still going via web client. Why? Because you have more real estate from a UI point of view and browser w...
SXSW Releases Statement Decrying ‘Discriminatory Laws’ in Texas
Both laws were met with widespread outrage and condemnation by artists as well as the general public, as well as calls for boycotts of the state. In its statement released today, SXSW said it would not abandon Austin, saying that leaving “would economically damage the city much more than it would the state. Much of the economic impact derived from our event benefits the city’s small business and creative communities. Austin is part of SXSW’s DNA, and we are committed to staying and fighting alongside the people who have made us who we are. We will continue to use our platform to further the progression of human rights at home and across the globe.” The statement was also released ahead of this weekend’s National Women’s March in support of reproductive rights, set to take place...
Governments shouldn’t try to slow down crypto: Elon Musk
Crypto fundamentally reduces the power of centralised governments, says the Tesla CEO Speaking at the Code Conference in California, SpaceX and Tesla CEO Elon Musk stated that the United States government should refrain from attempting to regulate the crypto industry, amid rising global regulatory scrutiny of digital assets. Musk, who recently reclaimed the title of the world’s richest person, called cryptocurrencies “indestructible” and pointed out that intervention from the government would only slow down the advancement of the technology. He admitted that while he wouldn’t consider himself a massive crypto expert, he believed that regulators should steer clear of slowing down the mass adoption of cryptocurrencies. “I would say, ‘Do nothing,’” Musk said, responding to a question from New...
LUNA price analysis: LUNA could moon after Columbus-5 upgrade
The cryptocurrency market has continued its slow recovery, with the prices of most coins currently up by more than 1% Terra (LUNA) is having a mixed start to the day. Its price rose by more than 1% earlier today, but it is now down by 0.6%. However, the coin could turn things around and rally in the coming hours and days. One thing that could catalyse that rally is the Columbus-5 upgrade, which began this morning. This will bring improvements such as much greater scalability and interoperability with Cosmos, Solana and Polkadot. What’s more, expansion of the Terra ecosystem will likely mean greater demand for the project’s stablecoin, UST, and Columbus-5 will see all the LUNA used to mint UST burned. This change was designed to put downward pressure on LUNA’s supply, which could mean its p...
