Day: October 11, 2021

Soccer NFT Platform Sorare Is Being Investigated by UK Gambling Regulator

Sorare, the fast-growing European fantasy soccer and digital collectible platform, is being investigated by the UK Gambling Commission. The gambling watchdog of the United Kingdom warned in a consumer information notice dated Oct. 8 that Sorare’s business operates “outside of the gambling regulations that a licensed operator should comply with” and that consumers are advised to take this into account when deciding whether or not to use the platform. The notice goes on to say that the Gambling Commission is looking into whether Sorare should be…

Price analysis 10/11: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI

Analysts say Bitcoin has started its journey toward a new all-time high and the sideways action from altcoins suggests traders are shifting funds into BTC. Bitcoin (BTC) resumed its rally today and has climbed close to $58,000. This marks an almost 100% recovery from the May plunge and shows that any regulatory action by China is only having a temporary effect. The strong rally in Bitcoin in the past few days has boosted sentiment and analysts are back with their six-figure projections. Geoffrey Kendrick, head of emerging market currency research…

Bitcoin Mining Is Reshaping the Energy Sector and No One Is Talking About It — CoinDesk

Lastly, and perhaps most importantly, a new feature of bitcoin mining has begun to gain traction, to the benefit of power grid operators. Bitcoin miners represent “interruptible load,” which means that they can deal with power outages without suffering adverse impacts to their business. Of course, they prefer to have power all of the time, but nothing catastrophic happens when they lose power, unlike other industrial consumers such as hospitals, high-end data centers, factories and smelters. Original

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Mining Hardware Manufacturer Bitfury Plans to Go Public – Mining Bitcoin News

Bitfury, the leading non-Chinese bitcoin mining hardware manufacturer, is reportedly planning to go public in the next 12 months. This would constitute one of the largest listings of a European-based cryptocurrency mining hardware company to date. The company had a valuation of $1 billion dollars after its latest funding round, and is backed by companies like Mike Novogratz’s Galaxy Digital. Bitfury Going Public in European Markets Bitfury, one of the most important cryptocurrency mining hardware manufacturers in Europe, is reportedly planning to go public in European markets. The…

Elliptic raises $60M to advance crypto analytics service

Cryptocurrency risk management firm Elliptic has announced a $60 million Series C funding round led by Evolution Equity Partners and supported by a panoply of venture capital firms including SoftBank Vision Fund 2, as well as existing investors AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital and SBI Group, amongst others. Elliptic’s history of funding charts a consistent increase, with their debut funding raise in 2016 totaling $5 million, while their second raise across late 2019 to early 2020 resulted in an additional $28 million. Founded in 2013 and headquartered…

Please Don’t Do This — CoinDesk

Visionrare seemed to underestimate the power of that idea. There’s a market for NFTs because crypto’s nouveau riche don’t know what to do with their money, and parking it in NFTs lets them keep their chips in the casino, but also because there’s also an understanding that buying the token doesn’t get you anything but the token. It works, for now, because NFTs operate like digital certificates of ownership. But it’s also fundamentally incompatible with equity in a traditional company. NFTs and token equity models work for DAOs, or decentralized…

Shiba Inu Outranks Chainlink And Takes Place In Top 15 Crypto-Assets

Shiba Inu, the self-acclaimed Dogecoin-killer, has shaken the market with its recent bullish momentum. The meme coin has surmounted over 350% upsurge within one week, ranking it amongst the top 12 cryptocurrencies based on market capitalization. Presently, SHIBA is the most traded currency on leading exchanges like Coinbase, Binance, and Huobi. Memecoins A meme coin is a digital currency linked with some theme, more often as a jest rather than for more serious products. Dogecoin was the very first meme coin deployed. The Shiba Inu Protocol Shiba Inu was developed…

Bakkt crypto exchange partners with Google for payments

Users who hold debit cards issued by cryptocurrency exchange Bakkt will be able to convert their crypto balances to make fiat payments using Google Pay. In an Friday announcement, Bakkt said it had partnered with Google to allow its users to purchase goods and services using Bitcoin (BTC) and other cryptocurrencies through the Google Pay wallet and payment system. In addition, Bakkt plans to build new analytics and geolocation functionality on its platform using Google Cloud tools. The exchange hopes that the features will expand loyalty redemption options “while providing…