Crypto news
Happy International Women’s Day! Leaders share their experiences in crypto
The International Women’s Day theme this year is #BreakTheBias, so Cointelegraph spoke to 10 leaders in the blockchain industry about their experiences as women in Web3 and gathered their advice. From discussing barriers to entry to nonfungible tokens and role models, the following comments are from women in the U.S., Latin America, Europe and Asia. When asked what the current barriers to entry that women may face when considering careers in crypto, Dr. Cagla Gul Senkardes, Co-founder of the Istanbul Blockchain Women Association and lecturer at Istanbul Bilgi University, flatly answered “bias.” Speaking from a more academic point of view, Senkardes sees gender bias and culturally constructed ideologies in the context of cryptofeminism, the concept of havin...
Here’s why the UK’s FCA is not impressed with EQONEX’s agreement with Bifinity
The FCA says the agreement granted Bifinity certain contractual rights over Eqonex The UK financial markets regulator insists it retains powers to suspend an unfit firm’s crypoasset registration The UK’s Financial Conduct Authority yesterday sent out a note indicating that it is still keeping a close eye on Binance. The message came on the heels of Binance’s subsidiary pay tech firm Bifinity completing a strategic agreement with FCA-regulated EQONEX Limited. Binance launched payment tech company Bifinity yesterday, noting that EQONEX, the first publicly listed digital asset firm in the US, would receive a $36 million convertible loan as part of the agreement. Further, the cooperation would also give Bifinity the right to appoint the CEO, CFO, and Chief Legal Officer of EQ...
Crypto bank Sygnum expands its scope of regulated ventures in Singapore
Swiss crypto bank Sygnum has gotten a nod to expand digital asset activities in Singapore The approval is a boost in the company’s efforts to offer tokenisation of assets Swiss crypto bank Sygnum today announced that its Sygnum Singapore subsidiary has received approval to venture further into offering regulated products in the country. Sygnum Singapore now holds in-principle approval from the Monetary Authority of Singapore (MAS) to provide additional services under the capital markets services (CMS) licence it gained in 2019. The three new regulated activities include providing custodial services, corporate advisory on finance, and access to tokenised products, including digital assets. Sygnum is a first of its kind – digital asset bank – and provides banking services around digita...
Which Terra-based coins have the most explosive potential? | Find out now on The Market Report live
“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which Terra-based coins you should be looking out for in 2022. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up, the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they debate which Terra-based coin has the most explosive potential. Will it be Bourgi’s pick of StarTerra, which capitalizes on blockchains’ biggest trends — play-to-earn, nonfungible tokens (NFTs) and staking — basically combining multiple multibillion-dollar industri...
Bitcoin stems losses after US bans Russian oil, gold heads to record highs
Bitcoin (BTC) erased then recovered its daily gains later on March 8 as United States President Joe Biden announced a complete ban on Russian oil imports. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC comes full circle, while gold steals the show Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it targeted $38,000 an hour after Tuesday’s Wall Street open. Having hit $39,240, the pair swiftly changed trajectory as Biden confirmed the plans, which added to oil’s already strong gains and further pressured stocks and risk assets. “Today, I’m announcing that the United States is targeting the main artery of Russia’s economy,” he said at a press conference. “We’re banning all imports of Russian oil and gas and energy. That means that Russia...
Magic Eden teams up with Overtime to elevate sports NFT utility
Solana nonfungible token, or NFT, marketplace, Magic Eden has announced a partnership collaboration with popular sporting entertainment platform Overtime to launch an NFT collection proposing to enhance fan engagement and exclusive experiences. The partnership is orientated around the 2022 NCAA men’s basketball tournament, a national college championship conference often referred to as March Madness, and considered one of the largest sporting events in the United States. The tournament will commence on March 15 and conclude with a championship match at the near-75,000 seat Caesars Superdome stadium in New Orleans on April 4. Having amassed over 1 million and 6.5 million followers on Twitter and Instagram, respectively, cross-medium entertainment brand Overtime has obtained ≈ $135 million f...
DeFi detective alleges this ‘suspicious’ smart contract code may put dozens of projects at risk
According to famed decentralized finance (DeFi) detective Zachxbt, 31 nonfungible token (NFT) projects may be at risk due to “suspicious code.” In a lengthy Twitter thread published Tuesday, the DeFi detective first raised the issue of NFT project Thestarlab, which was allegedly compromised for 197.175 Ether (ETH), worth $580,325 at the time of publication. Zachxbt quoted fellow blockchain investigator MouseDev, who came to the following conclusion after reviewing the code behind Thestarlab: “The smart contract [for this project] can never truly be renounced or transferred—only an additional owner. The original deployer will always be considered the owner. This means if they still have the private key of the deployer, they can pull the money, even though...
These are the best GameFi tokens worth your attention on March 8, 2022: AXS, GALA and ENJ
AXS’s trading volume saw an increase of 57% in the last 24 hours. GALA’s trading volume increased by 30%, while its market cap increased by 5% throughout the same span of time. ENJ saw an increase in its trading volume by 33% and in value by 3%. Axie Infinity (AXS), Gala (GALA), and Enjin Coin (ENJ) are the best GameFi tokens you can get on March 8, 2022. We are going to go over each token individually to truly showcase how they have historically performed and how they can grow in value. Should you buy Axie Infinity (AXS)? On March 8, 2022, Axie Infinity (AXS) had a value of $47.38. The all-time high value of Axie Infinity (AXS) was on November 6, 2021, when it reached a value of $164.90. This means that at its ATH, the token was $117.52 higher in value or by 248%. When we go over the perf...
Here’s what experts think about VanEck’s recently proposed ETF focused on BTC and Gold mining firms
The proposed ETF product will invest in companies involved in gold and Bitcoin mining The investment firm previously filed for a spot crypto ETF but got rejected New York-based ETF and mutual fund manager VanEck, earlier this month, applied a new ETF product with indirect exposure to cryptocurrency and precious metals. As per a recent SEC disclosure, the proposed offering will focus on securities in an index tracking digital assets and gold mining companies. The global investment firm, which had $81.7 billion worth of assets under management as of November last year, submitted its application to the US Securities and Exchange Commission last Thursday. The disclosure did not feature specific details around the fund’s ticker. A number of experts have found fault with the VanEck Gold and Digi...
Bain Capital launches a first crypto-dedicated fund worth $560 million
The BCV Fund I has already invested $100 million into some unnamed crypto projects The Fund aims for active participation in crypto start-ups The venture arm of Massachusetts-based investment firm Bain Capital, Bain Capital Ventures (BCV), has announced the launch of a first dedicated crypto-focused fund, called the BCV Fund I. With a $560 million ‘armoury,’ BCV will aim to advance its crypto endeavours even further, as it has been a player in the crypto scene for seven years now. Notably, it holds investments in some prominent names in the space, including Grayscale’s parent company, the Digital Currency Group, Compound, and BlockFi. Since the Fund closed last November, Bain Capital Crypto, which runs it, has already invested $100 million into a slew of yet unrevealed cr...
Bitcoin stuck under $40K, but BTC price hits another all-time high vs. Russian ruble
Bitcoin (BTC) recovered from one-week lows on March 8 after a lack of progress in Russia-Ukraine talks that sent markets tumbling. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Commodities “trading like meme stocks” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing at $37,170 on Bitstamp after Monday‘s Wall Street open. Overnight progress maintained support with the pair trading at around $38,500 at the time of writing. Crypto and stocks reacted badly to the lack of consensus that ended the third round of negotiations to end hostilities between Russia and Ukraine. “There are small positive subductions in improving the logistics of humanitarian corridors… Intensive consultations have continued on the basic political block of the regulations, alo...
VanEck files for new ETF to track crypto and gold mining companies
VanEck, an investment firm with almost $82 billion in assets under management, has submitted an application to the United States Securities and Exchange Commission (SEC) for the launch of a new exchange-traded fund (ETF) that invests in gold mining and Bitcoin (BTC) mining companies. According to the SEC document filed on Thursday, the fund will focus on securities in an index that reflects the performance of gold mining and digital assets mining firms. It would not invest in cryptocurrencies directly or through derivatives. However, there was no ticker or cost ratio mentioned in the document. VanEck ETF Trust files with the SEC-VanEck Digital Assets Mining ETF https://t.co/pSaogEzRVW — Exchangetradedfunds (@ETFsinfo) March 8, 2022 The news of VanEck‘s proposed fund comes as concerns over ...
