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Original $4M Doge NFT meme auctioned off in 17 billion pieces
The $4 million NFT depicting the original Doge meme is set to be fractionalized into ERC-20 Tokens, and auctioned off in pieces. The owner of the Shibu Inu depicted in the beloved meme, Atsuko Sato sold the Doge NFT for 1696.9 Ether, or $4 million on June 12 to art-focused decentralized autonomous organisation, PleasrDAO. Starting from Sept.1 at 5pm UTC PleasrDAO will offer exposure to the Doge NFT via a fractionalization that will see the nonfungible token broken down into 16,969,696,969 ERC-20 tokens named “$DOG”. According to a blog post from PleasrDAO, 20% of the total $DOG supply will be available for purchase initially, with the sale being hosted on open-source smart contract platform, Miso. https://t.co/9c9899X73Hhttps://t.co/osEMZpxkg3 blog: https://t.co/wE7yDLC3xu pic.twitter.com/...
Apple’s Market Cap Hits All-Time High Once Again
On August 30, 2021, Apple‘s market cap hit an all-time high once again. The New York Stock Exchange saw Apple stock close at $153.12 USD, which was a 3.04 percent increase from the day before. The stock’s uptick resulted in Apple’s market cap surpassing $2.5 trillion USD. Apple broke the $2 trillion USD mark approximately one year ago. The company did considerably well in comparison to its other major tech competitors like Microsoft, Amazon and Alphabet. Apple’s success also helped to lift the Nasdaq Composite 0.9 percent to 15,265, a new record high. The S&P 500 Index also reportedly finished at an all-time peak, rising 0.4 percent to 4,528. Apple’s upcoming iPhone series has likely influenced the stock price of the tech giant. Recently, information surrounding the iPhone 13 series an...
3 reasons why a Bitcoin ETF approval will be a game changer for BTC price
Some financial experts believe that the price of cryptocurrencies is solely driven by investors’ speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital assets. This point of view is fairly accurate because, at this time, most investors from the asset class are not allowed to invest in Bitcoin (BTC) and altcoins. Public pension funds, retirement plans, fixed income and most non-leverage equity and multimarket mutual funds can only invest in certain asset classes. These limits arise from the fund class regulation, the fund’s own bylaws, and the administrator’s risk assessment. Not every fund can invest in Grayscale’s GBTC Trust Unbeknownst to most, the mutual fund manager d...
Major job postings from the crypto space in 2021
As crypto and blockchain firms grow and need to navigate regulatory and economic challenges for the industry, many have to hire outside to find the best workers. This year, major companies, financial institutions, and even government agencies announced they were searching for fresh blood to help them adapt to the ever-changing crypto space. In February, major online retailer Amazon posted it was seeking a software development manager in Mexico to help launch “a new payment product.” The Digital and Emerging Payments project was aimed at allowing residents of Mexico to buy cryptocurrencies with cash so they could spend digital currency while shopping on Amazon. Though there are reports the online retailer intends to accept Bitcoin (BTC) payments by 2022, the company has not officially...
Bitcoin price turns to test lower support levels as $50K stays out of reach
Bitcoin (BTC) continued to range below $50,000 on the last day of August as analysts demanded higher levels in order to continue the bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $51,000 remains the deal-breaker for BTC Data from Cointelegraph Markets Pro and TradingView painted a dull picture for investors Tuesday as BTC/USD continued to trade in a four-day-old descending channel. Despite highly encouraging on-chain metrics and fundamentals, BTC price action disappointed the market throughout the weekend and beyond as a lack of momentum kept $50,000 at bay. Major resistance, now solidified on exchanges at $51,000 and above, remains firmly in place and analysts say the outlook remains muted until this level is turned to support. According to Cointelegraph contr...
Illuvium hits new highs as interest in NFT-based blockchain gaming skyrockets
The world of nonfungible tokens and blockchain gaming has seen immense growth and progress towards mainstream adoption in 2021. Recently, the movement picked up steam as an array of celebrities and internet influencers jumped on the hype train by purchasing premium digital collectibles. One project that has quickly risen in value over the past two months as details about its ongoing development trickle to the public is Illuvium (ILV), an open-world fantasy battle game built on the Ethereum (ETH) blockchain. ILV/USD 1-day chart. Source: CoinGecko Data from CoinGecko shows that after hitting a low of $29.32 on June 22, the price of ILV skyrocketed 1,765% to post a new all-time high at $545.26 on Aug. 13. Three reasons for the tremendous price growth seen in ILV include the introdu...
Why This Is the Right Time to Sell Your Catalog (Guest Column)
For recording artists earning meaningful royalties from catalogs in which they have full or part ownership — who are considering selling before changes to the tax law — the question of whether to proceed might feel like a double-edged sword. Yet, we crunched the numbers and the answers are both straightforward and convincing. Of course, recording artists like Bob Dylan, Stevie Nicks and Paul Simon are selling their catalogs now for many reasons: Some are making unique deals that guarantee their music will remain in print with their longtime labels or will be managed by knowledgeable industry insiders. Others are working to simplify their estate. But regardless of motivation, the artists who have already sold their works have been well advised that the combination of low interes...
Citibank and ANZ among finalists for Singapore’s CBDC Challenge
The 15 finalised projects will now receive direct mentoring from the central bank of Singapore and prototype their solutions in the APIX Digital Currency Sandbox The Monetary Authority of Singapore (MAS) has announced the 15 finalists who have been shortlisted from over 300 submissions across 50 countries in the ‘Global CBDC Challenge’. The competition, which was announced back in June, is aimed at the development of an in-house retail central bank digital currency (CBDC) by creating solutions to address concerns surrounding the instrument, infrastructure and distribution of a CBDC. The shortlisted projects include well-known financial, technology and fintech solution firms such as Citibank, HSBC, ANZ and Standard Chartered Bank. Six of the 15 companies are Singapore-based, four projects a...
EOS price analysis: Support at $4.60 should limit downward movement
The cryptocurrency market is experiencing a mixed performance at the moment, with some coins performing well while others struggle The general cryptocurrency market is experiencing a mixed performance at the moment. Some coins such as Solana and Polkadot have been rallying over the past few days, recording huge gains, while others like Bitcoin, Ether, Doge and XRP have been struggling to come out of their bearish cycle. EOS also underperformed yesterday, losing 4.9% of its value to drop below the $5 mark. The losses continue today, with the cryptocurrency down by less than 1% over the past few hours. The bearish performance could continue with EOS and the broader cryptocurrency space over the next few hours until the bulls regain control of the market. EOS price outlook The EOS/USD 4-hour ...
Crypto does not qualify as currency, says South Africa’s central bank governor
Lesetja Kganyago, governor of the South African Reserve Bank (SARB), has argued against classifying crypto as currencies. According to a report by MoneyWeb, the central bank chief likened crypto to assets rather than currency during an interactive session at the Wits Business School Leadership Dialogues. According to South Africa’s central bank governor, cryptocurrencies only meet two of the three currency criteria, stating: “A cryptocurrency is a store of value. It is a medium of exchange, but is not generally accepted. It’s only accepted by those who are participating in it.” Kganyago’s comments are a common criticism leveled by central bankers and other actors in the legacy financial system against Bitcoin (BTC) and cryptocurrencies. However, crypto is gaining greater acceptance as a pa...
MetaMask surpasses 10M monthly active users as DeFi continues to surge
Ethereum wallet and browser extension MetaMask achieved another major milestone in August, as its monthly active userbase topped 10 million for the first time, further highlighting the growing demand for DeFi assets. MetaMask credited a confluence of factors for its exponential growth, including the rapid adoption of Ethereum smart contract technology, the continued expansion of DeFi protocols and the successful launch of its token swap solution. The company also credited the nonfungible token boom for attracting more users to its technology. As Cointelegraph reported, MetaMask registered its one-millionth monthly active user in October 2020, up from 545,000 in July of the same year. Much of that growth was attributed to the so-called “DeFi Summer” that swept the crypto markets...
iHeartMedia plans NFT giveaway ahead of major music festival
Mass media holding company iHeartMedia is planning to distribute free nonfungible tokens, or NFTs, in partnership with sustainable NFT platform OneOf — a campaign that could introduce more music lovers to digital collectibles. The campaign is intended to promote the 2021 iHeartRadio Music Festival in Las Vegas on Sept. 17-18. Beginning on Tuesday, users can claim one free NFT “poker chip” directly on the OneOf platform. Up to 1 million tokens are claimable through Sept. 14. Users who collect an entire set are eligible to receive a limited edition NFT by artist Cory Van Lew. As Cointelegraph reported, Van Lew is the digital artist behind Mike Tyson’s NFT collection. Lew’s NFT drop will take place on Sept. 14 and will reflect OneOf’s ethos of “Artist First,” “For All Fans” and “Eco-Res...
