Quick Look
Bitcoin Should Not Be Legal Tender in El Salvador: IMF
The International Monetary Fund (IMF) said that bitcoin should not be used as legal tender in El Salvador and urged the Central American...
NFT Authenticator ORIGYN Raises $20M at a $300M Valuation
ORIGYN Foundation has raised $20 million in strategic funding at a $300 million valuation. Backers included Bill Ackman’s Table...
Rari Capital, Fei Protocol Look to Overcome Bagholder Bias in Ambitious DeFi Merger
Last week, two major decentralized finance (DeFi) protocols proposed an ambitious merger that could create a lending-and-liquidity...
Bitcoin hits new all-time high in Turkey as fiat currency lira goes into freefall
Bitcoin (BTC) has frustrated investors with its recent price correction, but in one country, BTC hodlers have never been more relieved....
OCC Wants Banks to Seek Permission Before Offering Crypto Services
The Office of the Comptroller of the Currency (OCC) wants banks to be very sure they can provide crypto services before they do so. The...
Tim Draper’s ‘odd’ rules for investing in success
It’s true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla, SpaceX,...
Bitcoin Holds Support at $56K; Resistance at $60K-$63K
Bitcoin (BTC) appears to be oversold, which could support a brief rise toward the $60,000-$63,000 resistance zone. The cryptocurrency held...
Pantera Capital Raises $600M for New Crypto Fund: Report
Crypto investment firm Pantera Capital has raised $600 million for its fourth fund with approximately 75% of the capital coming from...
Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B
Decentralized finance (DeFi) is fast becoming a preferred avenue to hedge smaller cryptocurrencies beyond bitcoin (BTC) and ether (ETH),...
Shiba Inu price can rally 600% from current levels, but SHIB to stay under a cent: Analyst
Shiba Inu would require a market cap of 1 Quadrillion USD if it were to reach $1, the analyst says He says even reaching the equivalent of...
Monthly NFT Metrics Dive Bomb, NFT Sales Measured in USD Slip 16%
Non-fungible token (NFT) sales have dropped considerably during the last month as cryptocurrency values have seen significant losses in...
Why Crypto Startups Need Banking Services, and Banks Need Crypto Too
Bitcoin and cryptocurrencies are supposed to be a gateway that gives the unbanked access to the world’s financial system. Yet crypto...
Basic Attention Token
Built on top of the Ethereum blockchain, Basic Attention Token (BAT) is a utility token used by digital marketers to pay for ads on the...
Nigerian Payments App Reportedly Suspending Operations Due To Government Crackdown on Crypto
Nigerian payments app KurePay plans to suspend operations in the country after the government began cracking down on crypto exchanges,...
Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela
Juan Tirado, 32, is unemployed and lives with his family at his in-laws’ small home in Maturín, the capital of Monagas state in Venezuela....
What’s the SEC Saying About Crypto?
Ramping upThe narrativeKey U.S. Securities and Exchange Commission (SEC) officials mentioned enforcement around crypto projects earlier...
NFT Marketplace Rarible Launches Messaging Feature
The non-fungible token (NFT) marketplace Rarible.com has launched a direct messaging function that allows users and creators to...
US Regulators Plan to Define Legal Bank Activities Around Crypto in 2022
A group of bank regulators plan to announce how banks can interact with digital assets and what types of activities are legal in the...
IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with...
Crypto lending platform Celsius injects another $300M into BTC mining
The crypto lender has now put $500 million into Bitcoin mining operations in North America London-based crypto lending platform early this...
New Crypto Connectivity Startup Eyes Telecom Partnerships
The race to build crypto-enabled internet connections is heating up with another contender, GIANT Protocol, planning to leverage telecoms’...
Crypto News Roundup for Nov. 23, 2021
This episode is sponsored by Kava, Nexo.io and Market Intel by Chainalysis.Today’s Stories:Stock Futures Slip Ahead of Earnings and...
Kleiman v. Wright: Craig Wright Takes Stand Again in Final Day of Testimony
MIAMI – Testimony wrapped up Monday in the federal trial of Kleiman v. Wright, withCraig Wright – who has claimed to be the creator...
Binance Registers Fourth Entity in Ireland: Report
Binance has registered a fourth legal entity in Ireland, according to a report by the Irish Independent.After years of decentralized...
Binance Seeks Investments From Sovereign Wealth Funds
Binance is in preliminary discussions with “several” sovereign wealth funds about investing in its global entity, Zhao said in a Nov. 23...
Indian Govt Submits Bill That Would Ban Most Cryptocurrencies, Dashing Hopes for Friendlier Measure
The Indian government still seeks to ban most cryptocurrencies under a long-awaited cryptocurrencies bill submitted for consideration at...
Rising inflation is creating tailwinds for crypto, Ripple CEO says
Rising inflation has investors concerned as economic recovery slows on new Covid-19 infections The Ripple CEO says bitcoin has momentum...
Bitcoin Still Trading in Bullish Channel Despite Price Support Break: Analysts
Bitcoin’s broader outlook remains constructive regardless of the recent pulldown. The cryptocurrency fell below the support level of...
Binance Rebuilding DOGE Wallet to Deal With User Account Freeze
Binance is trying to rebuild its wallet to deal with a technical issue that resulted in numerous erroneous dogecoin transactions, and...
Eurosystem Approves New Oversight Framework Concerning Crypto Services
The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including...
Bank of America Sees Stablecoin Regulation as Catalyst to Mass Adoption
The publication of the Treasury report, Report on Stablecoin (RoS), earlier this month is an “indication of urgency” for the regulation of...
Crypto Giants Back $3.2M Round for Data Provider Staking Rewards
Staking Rewards, a data provider for staking and crypto growth tools, has raised three million Swiss francs (US$3.2 million) in a funding...
Regal Cinemas to Accept Crypto for Tickets, Concessions
Movie theater chain Regal will accept cryptocurrency as payment from customers through a partnership with digital payments firm Flexa,...
Ardana and NEAR Join Forces to Build a Crosschain Bridge
Two layer 1 smart contract platforms have joined forces in what’s being described as a “strategic partnership.”On Tuesday morning, Ardana,...
Dvision Network Has Officially Announced the First LAND Sale in Collaboration With Binance NFT and NFTb on 24th November
PRESS RELEASE. Dvision has recently announced that it will be conducting the LAND sale for its digital estate that will be used in the...
You shall not pass: Tolkien estate blocks ‘The Lord of the Rings’ JRR Token
The Lord of the Rings-themed “JRR Token” has met a “bag end” after being forced to close up shop following legal action from the family...
Bitcoin whales plan to buy BTC higher as fresh Mt. Gox payouts add to market fear
Bitcoin (BTC) showed no sign of tackling $60,000 resistance on Nov. 23 as the specter of defunct exchange Mt. Gox returned to haunt price...
Twitter, Discord to support Solana NFT gallery ‘embed’ with Audius Web 3.0
California-based music streaming platform Audius released a new function that allows artists and fans to embed nonfungible tokens (NFT) on...
Bitcoin exchanges see large deposits despite BTC reserves hitting 3-year lows
Bitcoin (BTC) whales are moving large amounts of coins to exchanges in tandem with large outflows, curious new data shows. According to...
Nigerian Crypto and Blockchain Advocacy Group: Freezing or Closure of Bank Accounts Not Supported by Law
The Blockchain Industry Coordinating Committee of Nigeria (BICCON), has said it is not lawful for Nigerian financial institutions to...
Sandbox (SAND) price up 40% amid anticipation of upcoming game release and potential partnership with Adidas
The Sandbox (SAND) price has surged 121% in the last 7 days and 40% in the last 24 hours. It is among the few cryptocurrencies that have...
Market highlights November 23: Major cryptos down, Moderna shines on Wall Street
The top 10 cryptos were mostly in the red over the past 24 hours, registering losses of between 0-2%. Today, the US Justice Department...
The Sandbox is surging on news of Adidas partnership: Where to buy SAND
The Sandbox is a unique platform in that it introduced blockchain technology to the world of gaming. Its market cap is up almost 39% in 24...
Moonpay Raises $555 Million in First Funding Round
Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global...
You can buy AMP today, the latest coin to be listed on Binance: Here’s where
Just after being listed on Binance, the live Amp price is $0.06 with a 24-hour trading volume of $283 million. The coin has gained 22.86%...
Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com
On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm...
AMP price up 30% after Binance listing
As most of the major cryptocurrencies including Bitcoin and Ethereum struggle in the red, some altcoins including AMP have registered a...
Chimeras Announces NFT Sales for in-Game Assets
PRESS RELEASE. Chimeras is announcing a brand new collection of NFT-based characters for sale on INO platforms and its marketplace....
Central Bank’s Targeting of P2P Crypto Transactions Forces Startup to Quit Nigeria
The Nigerian startup behind the social payment app for cryptocurrency and fiat, Kurepay, says the Central Bank of Nigeria (CBN)’s...
Long-term Bitcoin holders at multi-year high: Glassnode
Glassnode’s latest weekly on-chain report indicated that long-term holders of Bitcoin (BTC) are at a multi-year high and markets are not...
Australian Senator: We Need to Acknowledge Crypto Is Not a Fad, Defi Presents Huge Opportunities
Australian Senator Jane Hume says we need to acknowledge that cryptocurrency is not a fad, adding that there are huge opportunities in...
Citigroup to Hire 100 People for Its Crypto Division: Report
Citigroup is reportedly looking to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital...
Analysts pinpoint bull and bear scenarios as Bitcoin price dips below $56K
Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price...
First Mover Asia: Bitcoin Drops to $56.5K After Brief Rally; Ether Also Falls
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin rallied in early trading on U.S. markets before...
Ethereum vs. Avax Social Media Battles Rage as L1 Fees Keep Rising
The Ethereum scaling wars are raging on social media due to the problems that this chain is facing, with fees on layer one (L1) at very...
Brazil’s Central Bank Plans to Launch a CBDC Pilot in 2022: Report
The Central Bank of Brazil (BCB) plans to launch a pilot of a digital currency (CBDC) by 2022, BCB President Roberto Campos Neto said on...
Price analysis 11/22: BTC, ETH, BNB, SOL, ADA, XRP, DOT, AVAX, DOGE, SHIB
Bitcoin (BTC) continues to be pinned down below $60,000, indicating that higher levels are attracting selling from traders. The S&P...
Total crypto market cap drops by 6.7%, but futures data finds a silver lining
Looking at the past seven days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still,...
South China Morning Post Releases White Paper for NFT Standard Built on Flow Blockchain
The South China Morning Post (SCMP) has released a white paper detailing its new non-fungible token (NFT) metadata standard called...
This Singapore tech company says its recycling 90% of waste heat from Bitcoin mining
It takes a lot of energy for miners to verify transactions and mint new blocks on the Bitcoin (BTC) blockchain. According to Statistica,...
Market Wrap: Cryptocurrencies Fade on News That Powell Will Be Renominated as Fed Chairman
Bitcoin traded lower on Monday after buyers failed to sustain a weekend rally toward $60,000. The cryptocurrency was trading at around...
Are El Salvador’s Bitcoin “Volcano Bonds” an End Run Around the IMF?
This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” a check in on El Salvador, where President Nayib...
After Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed
U.S. president Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and...
Rare ‘Dune’ Manuscript Bought on DAO’s Behalf for $3M, but It Only Raised $700K
Last week, a crypto collective called ConstitutionDAO raised over $40 million in ETH to buy an original copy of the U.S. constitution at...
Latin American E-Commerce Giant Mercado Libre to Enable Crypto Investments in Brazil
Mercado Libre, the largest e-commerce company in Latin America by market value, will enable users in Brazil to buy, sell and hold...
Ethereum’s Fees Are Too Damn High
This past weekend, a crypto investor named Zhu Su fired off a series of tweets about the state of the Ethereum blockchain.“Yes I have...
NFT Music Platform Royal Closes $55M Funding Round Led by a16z
Royal, the music tokenization platform launched by DJ and entrepreneur Justin “3LAU” Blau, closed a $55 million Series A funding round on...
Meme Coin Market Cap Loses 3.5%, Top 2 Leaders Dogecoin, Shiba Inu Shed Billions
While crypto-asset markets have shed billions during the last week, the top meme tokens coins by market capitalization have seen deeper...
Bitcoin Struggles at $60K Resistance; Support Above $53K
Bitcoin (BTC) buyers remained active over the weekend, although upside was limited around the $60,000 resistance level. The cryptocurrency...
Bitcoin stays volatile as BTC jumps $2.9K in 15 minutes before Wall St. open
Bitcoin (BTC) stayed true to form on Nov. 22 as the hour before the Wall St. opening bell was met with a sudden surge. BTC/USD 1-hour...
Gaming crypto GALA rallies nearly 350% in November — Correction ahead?
Gala Games’ in-house currency GALA rallied by nearly 350% in November, ignoring corrections across the top cryptocurrencies,...
Talis Raises $2.3M to Build NFT Marketplace and More on Terra Blockchain
A $2.3 million private token sale by non-fungible token (NFT) marketplace Talis could expand NFT offerings on the Terra blockchain in the...
Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)
While El Salvador’s new bitcoin-linked bond may be one of the highest-yielding fixed-income instruments globally, it might turn out to be...
Citi Plans to Hire 100 Staffers for Beefed-Up Crypto Division
Global banking powerhouse Citi is hiring 100 people to beef up its blockchain and digital assets division, according to a source familiar...
US and UK Agree to ‘Heighten the Focus on Illicit Use of Cryptocurrency’
The U.S. and U.K. governments have “committed and agreed to heighten the focus on illicit use of cryptocurrency and...
Algorand Project Raises $3.6M to Make Cross-Chain DeFi Friendly for Big Investors
C3 Protocol, a cryptocurrency trading project linked to the Algorand blockchain, has raised $3.6 million led by Arrington Capital and Jump...
People call us “PayPal, but for crypto”- MoonPay CEO says
MoonPay makes it easier for people to buy crypto using their bank account, credit card or payment wallets CEO Ivan Soto-Wright says people...
Former Oilfield Drillers See Energy Sector and Bitcoin Mining Joining Forces
Drilling for oil and gas and mining for bitcoin might seem like an odd couple.One is more than 150 years old. The other has existed for a...
Play-To-Earn Game Syn City Raises $8M
“Syn City,” a play-to-earn Mafia game founded by TRON’s former head of business Roy Liu, announced an $8 million funding round on...
Crypto News Roundup for Nov. 22, 2021
This episode is sponsored by Kava, Nexo.io and Market Intel by Chainalysis.Today’s Stories:First Mover Asia: Bitcoin Continues Drift Below...
NFTs as an Asset Class
In 1987 the U.S. military coined the term VUCA, referring to the increasing volatility, uncertainty, complexity and ambiguity of a...
Growing Compliance Adoption Making a Safer Crypto Space
New cryptocurrencies and trading platforms are proliferating. Blockchains are increasing in both numbers and length. Non-fungible tokens...
SocialFi Puts Agency Back in the Hands of Users
There are now over 100 million wallet addresses in the world, and the number of crypto and non-fungible token (NFT) enthusiasts keeps...
Crypto Economy Hovers Below $3T: Analyst Says First Bear Marker ‘Would Be a Capitalization Drop Under $2.38T’
The crypto asset economy has been down in value over the last week as a great number of digital currencies shed significant amounts. The...
Institutional Investors Need the Right Partner for a Regulated Crypto World
Financial authorities around the world are ramping up regulations on the crypto industry. This should be welcomed by all but the most...
Biden Renominates Powell as Fed Chair, Appoints Brainard Vice Chair
U.S. President Joe Biden has re-nominated Powell as the next Federal Reserve chair, after much speculation that Fed Governor Lael Brainard...
How Misinformation on ‘Book Twitter’ Killed a Literary NFT Project
Once upon a time, there was a wasteland teeming with deadly monsters and dark magic. The only thing stopping the wasteland’s evil forces...
Cloud Software Firm Phunware Buys 398 More Bitcoins for About $24M
Mobile cloud software company Phunware (PHUN) announced Monday that it has bought an additional 398 bitcoins for about $23.8 million in...
Mining Infrastructure Firm GRIID Secures $525M Credit From Blockchain.com
Mining infrastructure firm GRIID has secured a $525 million credit facility from the cryptocurrency exchange and wallet provider...
Kenya Central Bank Governor on CBDC: It’s About Getting It Right Rather Than Being First
The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has said his institution is currently exploring the use of central bank digital...