Crypto news
P2E game Nyan Heroes aims to save 1 billion sheltered cats
Cat themed play-to-earn (P2E) NFT game Nyan Heroes is aiming to save 1 billion cats from euthanization in animal shelters across the U.S. Nyan Heroes is an upcoming NFT battle royal shooter style game built on the Solana blockchain that will enable players to compete with each other using NFTs depicting animated cats that are used to pilot mech-robot NFTs in the game. The U.S. based project has been in development since October and the game is set for release in Q4 2022. Its first NFT drop is currently available for hodling and trading on marketplaces such as Fractal. According to data from Solana Art, Nyan Heroes is the fourth-highest NFT project on Solana in terms of seven day volume and market cap, at $279,000 and $18.2 million, respectively. In an interview with Cointelegraph, Nyan Her...
Mozilla backflips on accepting crypto after ‘planet incinerating’ backlash
The Mozilla Foundation has put cryptocurrency donations on hold following a community backlash sparked by trenchant criticism from co-founder Jamie Zawinski. Last week the development company behind the Firefox browser tweeted an appeal for donations in cryptocurrency. But earlier today, Mozilla announced it had paused crypto donations due to the online discussion around crypto’s environmental impact. Last week, we tweeted a reminder that Mozilla accepts cryptocurrency donations. This led to an important discussion about cryptocurrency’s environmental impact. We’re listening, and taking action. 1/4 — Mozilla (@mozilla) January 6, 2022 Mozilla said it will continue to explore decentralized web technology, but will only resume crypto donations if it fits with their climate goals. It said tha...
Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund
The Human Rights Foundation announced on Tuesday that it intends to distribute 425 million satoshis — the smallest divisible unit of a Bitcoin — to various contributors as a part of its ongoing Bitcoin Development Fund. Launched in May 2020, the Bitcoin Development Fund is primarily focused on improving the Bitcoin network’s privacy, usability and security. The Foundation said that it will focus this particular round of grants on expanding Bitcoin education and translation as well as Bitcoin core, lightning and wallet development. According to the organization’s press release, it will divide these grants between a number of recipients, including developers Jarol Rodriguez, Farida Nabourema, Roya Mahboob, Anita Posch and Meron Estefanos. Several projects will also receive a grant from the F...
Here’s why Bitcoin traders say a drop to $38K is the worst case scenario
The fallout from the Federal Reserve’s recent hawkish comments about raising interest rates as soon as March continued to weigh heavily on the cryptocurrency market on Jan. 6. The Crypto Fear & Greed index has been dialed down to 15 and some traders are lamenting the possible start of an extended bear market. Crypto Fear & Greed Index. Source: Alternative Data from Cointelegraph Markets Pro and TradingView shows that bears attempted to challenge the lows set on Jan.5, bringing BTC price down to $42,439 during early trading on Jan. 6. BTC/USDT daily chart. Source: TradingView Let’s take a quick look at where analysts think the price might go in the next few days. Bitcoin could bottom between $38,000 and $40,000 According to Mike Novogratz, the CEO of Galaxy Di...
Crypto Biz: The rise of the Bitcoin treasury, Dec. 30–Jan. 6
The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive entry point to continue accumulating BTC at discount rates. 2021 was the year that institutions and corporations became major movers and shakers in the Bitcoin market. By the end of the year, corporations and investment funds held roughly 1.48 million BTC, which represents 7% of the current circulating supply. Do you think these large, strategic investors are going to get shaken out by FUD? Below is the concise version of the latest “Crypto Biz” newsletter, which is delivered to your inbox every Thursday. For a comprehens...
Sega will likely not introduce NFTs for play-to-earn if ‘perceived as simple money-making’
The leadership at video game firm Sega Corporation’s holding company has suggested that they may avoid nonfungible tokens in play-to-earn model games based on the response from users. In a Dec. 14 meeting of Sega Sammy Holdings’ CEO Haruki Satomi, senior executive vice president Koichi Fukazawa, and Sega Corporation president Yukio Sugino, the trio said they needed to “carefully assess” how to potentially introduce nonfungible tokens, or NFTs, into Sega titles to “mitigate the negative elements” and work within Japanese regulations. The executives cited “negative reactions” from users overseas rewarded in NFTs for gameplay. “In terms of NFT, we would like to try out various experiments and we have already started many different studies and considerations but nothing is decided at this poin...
Bitcoin price bounces off $42K as order book imbalance turns ‘crazy’
Bitcoin (BTC) briefly touched $43,000 prior to Wall Street opening on Jan. 6 as new market analysis offered bad news for bears. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Very similar to $30,000” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged after hitting its lowest levels in nearly six weeks. Amid six-month lows for sentiment and a feeling of foreboding on social media, analysis investigating trader behavior nonetheless concluded that all is not as bad as it seems. In a series of posts on the day, popular Twitter account Byzantine General argued that for all the downside, sellers are practically exhausted. “This is starting to feel very similar to the 30k range now,” he summarized. “The imb...
Binance buys the dip adding over 43K Bitcoin to wallet
Bitcoin billionaires continue to accumulate during the dip. As Bitcoin (BTC) filled the $42 thousand December price wick this morning, Bitcoin whales were busy stacking sats. One address belonging to Binance added 43,000 BTC on Tuesday at an average price of $46,553.68, bringing the wallet’s total value to $5.5 billion. Elsewhere, the third-largest Bitcoin address continued its spending spree, adding another 551 BTC since Cointelegraph last reported it bought the dip, just two days ago. The wallet continues to aggressively accumulate in the $40 thousand range, now owning a total of 121,396 BTC or roughly $5 billion. There was some consternation on social media platforms about the wallet owner behind the $43,000 BTC buy, but Binance confirmed ownership of the address in a tw...
BTCS stock jumps 44% after announcing first-ever dividend payable in Bitcoin
On Wednesday, Nasdaq Composite logged its biggest daily loss since February last year. But for one of its listed companies, the day turned out to be extremely bullish. Blockchain stock soars The share value of BTCS Inc. (BTCS), a blockchain technology company, surged nearly 44% to $4.36 at the New York closing bell, thus becoming the third-best performer on Nasdaq after Lixte Biotechnology (LIXT) and Mainz Biomed BV (MYNZ). Top Nasdaq performers as of Jan. 5, 2022’s close. Source: TheStockMarketWatch.com In contrast, Nasdaq plunged 3.3% Wednesday, its losses driven primarily by the release of the minutes of the Federal Open Market Committee (FOMC) meeting in mid-December last year. In detail, the minutes revealed the Federal Reserve officials’ intention to rais...
NYC mayor getting paid in Bitcoin suggests buying the dip
Newly sworn-in New York City Mayor Eric Adams is already using his influence to publicly speak about buying the recent Bitcoin dip. In a Thursday interview with CNBC’s Squawk Box, Adams said he had not yet received his first paycheck as the mayor of New York City, but reiterated his aim to make the city a Bitcoin (BTC) and crypto hub. When co-anchor Andrew Ross Sorkin pointed out that the price of the crypto asset has “come down” — dipping as low as $43,000 earlier today — the NYC mayor seemed to be undeterred. “Sometimes the best time to buy is when things go down, so when they go back up, you made a good profit,” said Adams. “We need to use the technology of blockchain, Bitcoin, of all other forms of technology. I want New York City to be the center of that technology.” “Some...
South Korean company LG to integrate NFT feature in flagship TVs
Investors have raised questions and expressed concerns about the feasibility of conducting NFT trades on TVs One day after Samsung revealed plans to introduce a new NFT feature onto its lead line up of TVs this year, LG also announced a similar endeavour. The South Korea-based electronics company ran a press conference in which its head of home entertainment business division Park Hyung-se said LG “definitely” plans to introduce NFT capability into its TVs. Further, he mentioned that the company’s recent organic light-emitting diode TVs are optimized for art display. The move to venture into NFTs is only a continuation of what the market space saw last year. Users have warmed up to the idea of enabling displaying art on TV screens but not so much on trading on the TV. Given that as it is, ...
Baanx approved by UK regulator to operate crypto assets
The global infrastructure provider recently announced the launch of the Crypto Life (CL) debit card in collaboration with Ledger Cryptocurrency technology provider Baanx has now joined the list of the first few entities in the UK to receive approval from the Financial Conduct Authority (FCA). The firm can now legally operate as a crypto asset business as required by The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. “In order to obtain this registration, we have worked closely with the FCA following the highest possible standards, to ensure that our top tier clients’ users will have the assurance needed for the compliance of their assets,” Mark Evans, the Chief Compliance Officer at Baanx, explained. Thanks to the FCA licence, Baanx...
