Day: October 6, 2021

Does Surging Crypto Market Greed Point To Another Bitcoin Correction?

Data shows greed in the crypto market is on the rise, a signal that another Bitcoin correction could be coming soon. Fear And Greed Meter Says Crypto Market Has Turned Greedy As per the latest report from Arcane Research, the fear and greed meter has started pointing towards greed after showing fear for the past few weeks. The “fear and greed index” is a Bitcoin indicator that displays the current market sentiment on a meter that goes from zero to hundred. Values of the metric below fifty mean that the…

Art Blocks Raises $6M From Galaxy, Flamingo DAO on Strength of Generative NFTs

Art Blocks, the computer-generated digital art market where chromatic squiggles have commanded millions of dollars, raised $6 million in an equity round co-led by Galaxy Interactive, Galaxy Digital’s entertainment-focused venture fund. Calderon said on CoinDesk’s “Opinionated” podcast that Art Blocks received investments from venture capital firms True Ventures, Collab Currency and Libertus, as well as crypto investment communities Flamingo DAO and The LAO. The round closed in August, before Art Blocks exploded into the NFT mainstream as a hub for so-called “generative” art created by algorithms and code. Its geometric,…

How Erick Calderon Turned NFT Squiggles Into a $6M Funding Round

Art Blocks CEO Erick Calderon has turned generative NFT squiggles into a digital art behemoth. This week on “Opinionated,” we speak with “Snowfro” about the artists whose algorithms power one of the hottest corners of the metaverse. Their NFT sales recently helped Art Blocks raise $6 million from equity investors, Snowfro told “Opinionated.” Ben and Danny (Anna’s out this week) sort through the term sheets to find what makes Art Blocks tick. Their conversation begins with its cap table. Galaxy’s an investor; so is FlamingoDAO, the crypto-native community of NFT…

Ukrainian president returns virtual asset bill to parliament for revision

Volodymyr Zelensky, president of Ukraine, has delayed the signing of the bill that would establish the nation’s regulatory framework around digital assets. The draft law, entitled “On virtual assets,” secured parliamentary approval on Sept. 8. However, according to an Oct. 5 statement issued by the presidential office, Zelensky remitted the legislation back to the parliament alongside a number of proposed improvements. As per the statement, the president’s major objection to the legislation in its current shape is the costliness of establishing a new regulatory body for digital asset oversight: According…

Mexican Stock Exchange Is Considering Listing Crypto Futures, CEO Says

The Mexican Stock Exchange (BMV) is considering listing crypto futures on its derivatives exchange, CEO José-Oriol Bosch said. In an official interview published by the exchange on Monday, the executive said the initiative was analyzed and discussed with the financial authorities that regulate the BMV. “I understand that financial authorities want to be careful and prevent us from having a boom like the one we had with dot-coms,” Bosch said, adding that the BMV could follow the lead of exchanges in other countries that list cryptocurrency futures. On Sept. 30,…

When Will Bitcoin & Crypto Bull Run End?

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US Lawmakers Float the Idea of Minting a Trillion-Dollar Platinum Coin to Avoid Sovereign Debt Crisis – Economics Bitcoin News

American politicians have been clamoring about the U.S. facing a significant debt crisis and the debt ceiling putting the country at risk of default. Joe Biden spoke about the debt ceiling and told Republicans to “just get out of the way” when it comes to the decision. Meanwhile, a number of U.S. bureaucrats are floating the idea of minting a $1 trillion platinum coin in order to magically bolster the treasury with cash. Trillion-Dollar Coin Concept Strongly Considered by US Politicians, Former US Mint Director Says Platinum Coin Can Be…

Price analysis 10/6: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI

Bitcoin has surged above the overhead resistance and that has pulled several altcoins higher. Bitcoin (BTC) skyrocketed above the $1 trillion market capitalization today, pulling the total crypto market capitalization close to $2.3 trillion. This marks a complete 100% recovery from the June 22 lows when the total crypto market capitalization had plunged to about $1.15 trillion.  According to Chainalysis, the Central and Southern Asia and Oceania region has seen a massive increase of 706% in crypto transactions between July 2020 and June 2021. The total transaction value was $572.5 billion,…

Universities Are Flunking Blockchain Tech — CoinDesk

The next most important challenge brought about by the global pandemic and now facing higher education is diploma fraud (although student identity, as the lynchpin to widespread online cheating, is a close third). When university campuses shut their gates during the pandemic, many of the traditional paper-based processes were exposed as inefficient and insecure. Diplomas and transcripts are still today issued as paper copies, and when pressed to offer digital copies universities issue insecure versions that are easily fabricated or tampered with. By securely recording unique “fingerprints” (cryptographic hashes) of…

US Justice Dept announces launch of national crypto enforcement team

An official from the Office of the Attorney General has said the United States government is going to take a more active role in enforcement action against actors using cryptocurrencies for money laundering and other cybercrimes. Speaking at the Aspen Institute Cyber Summit on Wednesday, Deputy Attorney General Lisa Monaco said the Justice Department had launched the National Cryptocurrency Enforcement Team, an initiative aimed at going after platforms “that help criminals launder or hide their criminal proceeds.” Monaco cited her office’s work against Darknet-based Bitcoin (BTC) mixing service Helix in…