Day: September 28, 2021

Dapper Labs Is Bringing Its NFTs to the NFL: Report

Dapper Labs, a creator of non-fungible tokens (NFTs) and the Flow blockchain, has reached a deal with the NFL to create an NBA Top Shot-style marketplace for digital football collectibles, according to a report by Sports Business Journal. Sources told the publication that the deal makes Dapper Labs the NFL Players Association’s second-largest source of digital licensing revenue behind EA Sports’ “Madden” video game franchise. Just like its basketball counterpart, the NFT marketplace will run on the Flow blockchain and is expected to be released during the current NFL regular…

Cinco razones por las que bitcoin se mantiene por debajo de $50.000

El 8 de septiembre el equipo de investigación de criptomonedas de Standard Chartered proyectó que el precio de bitcoin podría alcanzar los $100.000 en los últimos días de 2021 o en los primeros meses de 2022. Algunos CEOs del segmento cripto también han hecho predicciones similares, al igual que Thomas Lee, socio gerente de Fundstrat Global Advisors. Sin embargo, más allá de una ruptura momentánea por encima de los $50.000 en la primera semana de septiembre, bitcoin no ha logrado generar ningún impulso alcista. Al cierre de esta edición, su…

Digital Dollar Needs Legislative Support, Fed Chair Says

Federal Reserve Chairman Jerome Powell called the development of a U.S. central bank digital currency (CBDC) “critical work,” telling Senate Banking Committee ranking member Sen. Pat Toomey (R-Pa.) that “broad consultation and, ultimately, authorizing legislation from Congress” would be “ideal.” A two-and-a-half hour committee hearing intended to discuss the CARES Act – the $2.2 trillion economic stimulus package signed into law by then-President Donald Trump in March 2020 – became heated as committee members debated the upcoming vote to raise the debt ceiling, which Treasury Secretary Janet Yellen has said…

Decentralized Storage for AI Data Brought to Life by Epik Protocol — CoinDesk

Through the integration of IPFS storage technology, a token incentive mechanism and DAO governance model, EpiK Protocol creates a global, open, autonomous community with four core capabilities of trusted storage, trusted incentives, trusted governance and trusted finance. It allows global community users to work together at an extremely low management cost, continuously producing high-quality AI data that can be jointly built and shared. This will broaden the understanding of AI, and hasten the arrival of the era of cognitive intelligence. Source

Unlikely PayPal will invest in crypto assets: CFO

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io “We’re not going to invest corporate cash probably in sort of financial assets like that but we want to capitalize this growth opportunity that’s in front of us,” PayPal CFO John Rainey told CNBC’s Jim Cramer. Subscribe to CNBC PRO for access to investor and analyst insights: PayPal is not likely to buy digital currencies like bitcoin, though the company does see immense opportunity in the digital wallet space. In an appearance on CNBC’s “Mad Money” Thursday, PayPal Chief Financial Officer John…

Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone

“Don’t fight the trend” is an old saying in the markets, and there are other variants of the phrase like “never catch a falling knife.” The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average price while losing money. It really doesn’t matter whether one is trading soy futures, silver, stocks, or cryptocurrencies. Markets generally move in cycles, which can last for a few days to a couple of years. In Bitcoin’s (BTC) case, it’s hard for anyone to…

World-Famous DJs Paul Oakenfold, Carl Cox, Paul Val Dyk Spin and Crossfade Into the NFT Universe – Blockchain Bitcoin News

While celebrities and athletes have been jumping into the non-fungible token (NFT) scene headfirst, a large quantity of music acts have also entered the NFT industry. On Tuesday, a lineup of world-famous DJs are being represented in a newly launched NFT collection called Djenerates. The NFT collection is supported by prominent DJs like Carl Cox, Paul Oakenfold, Paul Val Dyk, Benny Benassi, Sven Väth, and Blond:ish. Prominent DJs Featured in NFT Collection In 2021, non-fungible token (NFT) assets have become a billion-dollar industry and it seems everyone is trying to…

BlackRock SEC filings show company gained $369K from Bitcoin futures

A filing from the United States Securities and Exchange Commission, or SEC, shows that BlackRock Financial Management has increased the number of its Bitcoin futures contracts since Q1 2021. According to a Tuesday filing with the SEC, the BlackRock Global Allocation Fund included 54 Bitcoin (BTC) futures contracts issued through the Chicago Mercantile Exchange as of July 31. The contracts, which expired on Aug. 27, were worth $10.8 million, appreciating by $369,137. The gains from the Bitcoin futures represent roughly 0.00138% of the BlackRock Global Allocation Fund, or 8.91 BTC…

An Update on the ‘Erroneously High’ Gas Fee That Temporarily Cost DeversiFi $23.7M — CoinDesk

In a surprise twist, however, on Monday night DeversiFi said in a tweet that the miner who received the unusual transaction fee had returned the majority of the funds – an unusually altruistic move, given that due to the nature of the blockchain the miner could have kept the funds and it’s unlikely any legal proceedings could have compelled them to return them. Source

On-Chain Data Shows Whales Have Started Selling

On-chain data shows whale ratio has exceeded the 0.50 mark, historically a sign that whales are dumping in the short term. Bitcoin Whales Have Started Selling Their Coins As pointed out by a CryptoQuant post, the Bitcoin whale ratio has started going up above the 0.50 level. This signal has usually meant a bearish outlook for the crypto in the short term. The BTC all exchanges whale ratio is an indicator that gives an estimation of how many whales are sending their coins to exchanges. The metric does so by…