crypto blog
Nifty News: One NFT per human in existence and the Pixelmon controversy
Dutch artist Dadara and digital rights management platform RAIRtech have developed a collection of 7.9 billion identical nonfungible tokens (NFTs). The collection, named CryptoGreymen, is on the Polygon (MATIC) Ethereum scaling network. Although each NFT is identical, they will be assigned a serial number of up to 7.9 billion to reflect the number of humans currently estimated to be living on the Earth. The collection is designed to be a social experiment that Dadara hopes “can rattle the cage of consensual reality and elevate conversation.” He said in an official announcement that the social experiment is simple, “No one specific NFT is better than another, and because the minting price is widely accessible it will be interesting to see what value each individual CryptoGreyman holder brin...
$300M in crypto liquidations accompanies Bitcoin’s surge to $44K
Bitcoin (BTC) hit $44,000 overnight on Mar. 1 as a rally that began Monday sparked unexpected results. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders warns of “massive variables” for BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $44,250 on Bitstamp before consolidating, still above $43,000 at the time of writing. The move had come in two main bursts, beginning just prior to the Wall Street open. Against a highly uncertain macro backdrop, analysts had been hard-pressed to forecast what Bitcoin price action would do next, a mood that continued as local highs appeared. Yesterdays #BTC trade we took with the group. Didn’t expect it to run that hard tbh. Would have raised TP probably because I think it can...
Bitcoin ATM installations slow down in early 2022, making a first in history
Over the last six months, Bitcoin (BTC) recorded numerous milestones — El Salvador’s mainstream adoption, a new all-time high of $69,000 and a stronger-than-ever network hash rate. However, for the first time in history, global Bitcoin ATM installations in the first two months have slowed down when compared to the preceding year. Bitcoin ATM installations in the first two months of the year have historically increased year-over-year, as evidenced by data from Coin ATM Radar. The trend, however, breaks this year. Overall Bitcoin ATM installations. Source: Coin ATM Radar Considering only January and February 2022, a total of 1,817 crypto ATMs have been installed worldwide. In the same timeframe last year, 2,435 crypto ATMs were installed, which is 618 ATMs more when compared to this year. In...
Bitcoin closes in on $44k as crypto hype surges again
Crypto markets are recovering, with most tokens recording more than 5% in growth on the day Over the last few days, crypto has established a ‘haven’ status for both Russians and Ukraine Bitcoin marshalled altcoins across a generally positive Monday as the crypto markets recovered from the effects of Russia’s recent military action. The flagship cryptocurrency Bitcoin crossed $40k for the first time since 20th February. After only recently dipping to reach $34,904 as the markets crashed last Thursday, Bitcoin is now trading $43,775, a 16.1% growth in the last 24-hours. Its 24-hr volume sits at $28.70 billion, according to data from CoinGecko. Altcoin ecosystems have also seen significant growth in the same period. Smart-contracts giant Ethereum has gained 12.6% over the la...
US Treasury Dept lists digital currencies as part of effort to sanction Russia’s government
The Treasury Department and reportedly the White House are warning U.S.-based companies and individuals not to facilitate crypto transactions sent to certain Russian nationals and banks. According to regulations from the Treasury Department’s Office of Foreign Assets Control scheduled to go into effect on March 1, U.S. residents may not use digital currencies to benefit Russia’s government — including the country’s central bank — as an attempt to circumvent U.S. sanctions in response to the invasion of Ukraine. The guidelines equated crypto transactions to “deceptive or structured transactions or dealings” in attempting to evade sanctions. Treasury Secretary Janet Yellen said the department’s actions were aimed at “significantly limit[ing] Russia’s ability to use assets to finance its dest...
Ethereum price moves toward $3K, but pro traders choose not to add leverage
Even though Ether (ETH) price bounced over 20% from the $2,300 low on Feb. 22, derivatives data shows that investors are still cautious. To date, Ether’s price is down 24% for the year, and key overhead resistances lay ahead. Ethereum’s most pressing issue has been high network transaction fees and investors are increasingly worried that this will remain an issue even after the network integrates its long-awaited upgrades. For example, the 7-day network average transaction fee is still above $18, while the network value locked in smart contracts (TVL) decreased 25% to $111 billion between Jan. 1 and Feb. 27. This negative indicator could partially explain why Ether has been down-trending since early February. Ether/USD price at FTX. Source: TradingView The above channel current...
FC Barcelona and AS Roma fan tokens rally after Socios partners with UEFA
Nonfungible tokens (NFTs) continue to see increased utilization as the possible applications of the technology have begun to be recognized in sectors ranging from sports entertainment to real estate. One subsector of this market that has seen a spike in momentum on Feb. 28 are fan token projects, protocols that allow their holders to participate in the governance of their favorite sports brands and receive specialized NFTs and other unique redeemables. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the three biggest gainers over the past 24-hours were FC Barcelona Fan Token (BAR), AS Roma Fan Token (ASR) and Atletico De Madrid Fan Token (ATM), which are all fan tokens that are part of the C...
Israeli authorities seize Hamas linked crypto accounts
A set of 30 crypto wallets from 12 exchange accounts that have been linked to the terrorist group Hamas based in the Gaza Strip were seized on Monday by Israeli authorities. Crypto exchange al-Mutahadun held the wallets where 12 accounts were allegedly being used by Hamas leaders to fund terrorist efforts against Israel. The Times of Israel reported that Israel’s Defense Ministry said on Feb. 28 that al-Mutahadun has helped Hamas’s military wing “by transferring funds amounting to tens of millions of dollars a year.” The exact value of the seizures and specifically what crypto assets seized is not yet clear, however, Israeli officials believe Hamas uses “tens of millions of dollars” in crypto funds to fund its military. Israeli Defense Minister Benny Gantz said in a Feb. 28 statement “We c...
Top Ukraine government official wants Russians’ crypto assets frozen
Ukraine’s Vice Prime Minister has asked crypto exchanges worldwide to freeze assets held by Russian users Mykhailo Fedorov pointed at NFT platform DMarket that had already initiated such restrictions None of the major crypto exchanges has so far withheld ordinary user assets in Russia In an occurrence that sparked contrasting emotion, Ukraine’s Vice Prime Minister, Mykhailo Fedorov, yesterday asked all global crypto exchanges to block addresses linked to users in Russia. Fedorov particularly insisted on ensuring that freeze actions had to also impact everyday users in addition to political leaders. “I’m asking all major crypto exchanges to block addresses of Russian users. It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicia...
eBay teases the idea of crypto payment integration on its platform again
The e-commerce platform is looking to integrate cryptocurrencies as a payment form to attract the millennial generation Markedly, this is not the first time the company has talked about plans to bring crypto payments to the platform California-based e-commerce company eBay is exploring the possibility of adding cryptocurrency payments to its platform, according to a Sunday report by TheStreet. The report detailed that the rationale behind the move is to attract the young generation (Gen Z & millennial) that is heavily leaning towards digitalisation and has a liking for cryptocurrencies. eBay has floated the idea of integrating digital assets on several past occasions to appeal to a wider consumer base. The company first showed interest in accepting Bitcoin payments in 2014. Early May l...
Crypto firms may still face SEC penalties for self-reporting securities laws violations: Report
The U.S. Securities and Exchange Commission’s enforcement director has reportedly said cryptocurrency companies will not receive amnesty for reporting themselves for possible violations of securities laws. According to a Monday report from Reuters, the SEC director of the agency’s division of enforcement, Gurbir Grewal, said the agency may view crypto companies’ conduct “more favorably” if they reach out first for self-reporting securities law violations. However, he added that though firms may face smaller penalties, they will not be completely off the hook. “Our message to [crypto companies] is not, ‘Register your product and we’ll just ignore the billions you have under management in this crypto lending product and your violations of the securities laws,’” said G...
Bitcoin rebounds over $41K after painting a ‘bullish hammer’ — Can BTC hit $64K next?
Bitcoin (BTC) rallied above $41,000 on Feb. 28 in a new sign of buying sentiment returning after last week’s brutal selloff across the risk-on markets, including the S&P 500. BTC’s price jumped by over 9% to reach $41,300, in part, as traders reacted to the ongoing development in the Russia-Ukraine crisis. In doing so, the cryptocurrency briefly broke its correlation with the U.S. stock market indexes to perform more like safe-haven gold, whose price also went higher in early trading on Feb. 28. BTC/USD versus XAUUSD and S&P 500 daily price chart. Source: TradingView Bitcoin downtrend exhausting — analyst Johal Miles, an independent market analyst, spotted “significant buying pressure” in the market, adding that its downtrend might be heading towards exhaust...
