Day: February 25, 2021

Crypto derivatives exchange FTX launches futures on 2021 Olympics

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Cryptocurrency derivatives exchange FTX has created a new, specialized futures contract for traders to bet on the likelihood of the Olympic Games in Tokyo in 2021. The coronavirus pandemic continues to cast a shadow over the safety of hosting the event this year, particularly after a renewed outbreak of the virus in Tokyo last month.   For each such uncertainty, as FTX notes in its tweet promoting the new contract, there can be a lucrative market. The new futures contract on FTX Token (FTT) has, according to the exchange, a…

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Bitcoin will not become a global medium of exchange, says Charlie Munger

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Like Berkshire Hathaway chairman Warren Buffett, the 97-year-old Munger is a known critic of Bitcoin (BTC). Addressing the 2021 Daily Journal annual meeting with shareholders organized by Yahoo Finance on Wednesday, Munger again espoused some negative sentiments about the largest cryptocurrency by market capitalization. Fielding questions from shareholders concerning Bitcoin, Munger stated: “I don’t think Bitcoin is going to end up [being] a medium exchange for the world. It’s too volatile to serve well as a medium of exchange.” Compared to Munger’s previous comments about Bitcoin, his remarks during the…

Animoca Brands Brings “MotoGP™ Ignition” to Flow Blockchain, Announces First Collectibles NFT Sale – Press release Bitcoin News

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press release PRESS RELEASE. 25 February 2021 – Animoca Brands, the developer and publisher of the successful blockchain games F1® DeltaTime and The Sandbox, is further expanding its push to bring mainstream consumers to blockchain by announcing that MotoGP™ Ignition, the competitive management and collectibles game platform based on MotoGP™, will be built on the Flow blockchain, with the first content sale to begin 26 March 2021. Flow was originally created by Dapper Labs, the company behind NBA Top Shot and CryptoKitties. MotoGP™, managed by Dorna Sports, S.L., is the…

Australia: Bitcoin Overtakes Gold in terms of Popularity, Survey Finds

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A report by an Australian crypto exchange posits that bitcoin (BTC) has eclipsed gold in terms of popularity in Australia. Bitcoin More Popular than Gold Per a report by Melbourne-based digital currency exchange BTC Markets, bitcoin is more popular than gold Down Under. The report based its findings on a survey of about 2,000 investors in Australia, finding that close to 12.6 percent of them held cryptocurrencies compared to 12.1 percent holding shiny metal. As reported by Motley Fool, close to one in three crypto investors have made their first…

Polkadot could introduce ‘common good’ parachains with DOT-based smart contracts

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As Polkadot (DOT) gets ready to launch parachain auctions, a combined fundraising and market interest discovery mechanism, the team is realizing that some core features may be ill-suited for the auction mechanism. Polkadot parachains are somewhat analogous to the sharding proposal for Ethereum 2.0. Each parachain is a largely independent blockchain built for a particular purpose. Many projects building on Polkadot, like Moonbeam, Equilibrium or Acala, are developing their own parachains where the project’s tokens would act as a native currency used to pay for transactions. The parachains are able…

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Ethereum Price & Technical Analysis: ETH is Not Done Correcting

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On Thursday, February 25th, the ETH is correcting, trading at 1,618 USD. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of ETH/USD. Bordier & Cie ScmA started trading crypto. Ethreum dropped significantly upon renewing the high. On W1, ETH/USD keeps correcting in an uptrend. The aim of the decline might be the next Fibonacci level – 38.2%. The MACD histogram is above zero, which means that growth should resume soon. The signal lines of the indicator have crossed the zero line and keep growing, additionally supporting the trend. The Stochastic…

Supercar maker Mazzanti Automobili launches security token offering

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Italian luxury car manufacturer Mazzanti Automobili has launched its security token offering on regulated digital marketplace STOKR. As part of the offering, Mazzanti aims to raise 999,999 euros ($1.2 million) on STOKR to develop a special edition of its hypercar model Evantra Millecavalli R. According to a Feb. 25 announcement, Mazzanti’s STO will allow investors to purchase MZZ tokens, priced at 1 euro each. The token is issued by Mazzanti via Blockstream AMP, a platform for the tokenization of securities built on the Liquid sidechain of Bitcoin (BTC), which has…