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Day: October 28, 2021
Mastercard is preparing its infrastructure for the deployment of CBDCs
During an earnings call with investors and stakeholders, Michael Miebach, CEO of Mastercard, discussed his positive outlook on the cryptocurrency industry. The company has not only seen sizable volume growth in consumers using their Mastercards to purchase crypto but has also secured several partnerships with cryptocurrency firms. But Miebach’s most ambitious viewpoint emerged during a discussion regarding central bank digital currencies, or CBDCs, saying: “We are saying at this point in time, the most likely chance for this kind of technology to work for payments is if it’s issued through…
Market Wrap: Bitcoin Heads to $61K Ahead of Options Expiry
Bitcoin rose toward $61,000 on Thursday, albeit within a choppy trading range. Analysts have mixed views about the short-term direction of BTC’s price, which is up about 2% over the past 24 hours. On Wednesday, El Salvadorian President Nayib Bukele tweeted that his government had “bought the dip,” adding an additional 420 BTC to the treasury, the equivalent of around $25 million. That purchase was one reason behind today’s price bounce. Bitcoin’s price has whipsawed over the past few days after failing to sustain the all-time high around $66,900 last…
Data shows Ethereum bulls expect a new ATH after Friday’s $1.25B ETH options expiry
Ether (ETH) has gained 950% in 2021 and from the look of things, the altcoin has no intention of stopping. This can also be seen in the ultra-optimistic bets for October’s $1.25 billion options expiry. However, this phenomenon is not exclusive to Ether bulls. The right to acquire Ether at a fixed price in the future does not come at a cheap price. On Sep. 4, the $5,000 call option for Oct. monthly expiry was trading at ETH 0.082 which is equivalent to $320. Unfortunately, for the bulls, these options…
MicroStrategy Added Almost 9,000 Bitcoins to Its Holdings in Third Quarter
MicroStrategy (Nasdaq:MSTR), the business-intelligence software firm that holds so much bitcoin on its balance sheet that it’s become something a proxy for the world’s biggest cryptocurrency, said it added almost 9,000 bitcoins to its holdings in the the third quarter, bringing its total to 114,042. Source
14 Takes on Shiba Inu Coin
This episode is sponsored by NYDIG. Download this episode NLW today provides 14 different takes on shiba inu coin (SHIB) that reflect the range of perspectives across the crypto community, including: “You could have been a billionaire if…” This plays into regulator’s hands “If it only goes to a dollar…” Are the institutions really coming in? At what point do we take memes seriously? Market nihilism And more! See also: Dogecoin Hits Two-Month High as Shiba Inu Lags in Crypto Rankings “The Breakdown” is written, produced by and features Nathaniel Whittemore…
How a 14-Year-Old Used Solana NFTs to Raise $100k for Beluga Conservation
In a time when non-fungible tokens (NFTs) face scrutiny for their environmental waste, 14 year-old Abigail is using them for conservation. Her project, named “Belugies,” is a collection of 8,000 cartoon beluga whale NFTs created on the Solana blockchain. Abigail made the artwork for the project by hand, with plans to donate a portion of the profits to beluga conservation efforts and a children’s hospital program. The high school freshman says she first learned about cryptocurrency on bike rides with her older brother Adam when she was nine years old.…
Biden’s ‘Build Back Better’ Act Would Close Crypto Tax Loophole
A new draft of the Build Back Better Act – U.S. President Joe Biden’s hoped-for spending bill – still contains language meant to close tax loopholes that cryptocurrency investors could exploit. A section of the Rules Committee print of the bill, dated Oct. 28, adds cryptocurrency transactions to the constructive sale rule. The rule addresses transactions that would be subject to capital gains taxes, preventing traders or institutions from using short sales or derivatives that deliver “already-held assets,” according to Investopedia. “The amendments made by subsection (a) shall apply to…
Curve Finance’s CRV Quietly Becomes a Top-Performing DeFi Token Despite Meme-Token Craze
Curve dao (CRV), the governance token for automated market maker (AMM) protocol Curve Finance, has quietly risen to become a top performer of the week, despite the craze around the Shiba Inu coin (SHIB) and other dog-themed tokens. At the time of publication, CRV was changing hands at $4.74, according to data from Messari, up 1.87% in the past 24 hours and nearly 65% over the past week. Among tokens with at least a $1 billion market cap, including SHIB, CRV is the third-best performer this week. CRV’s rise shows…
Disney to Drop ‘Golden Moments’ NFT Collectible Series via Digital Collectibles App Veve – Blockchain Bitcoin News
On November 12, the Walt Disney Company will be celebrating the first annual Disney+ Day and will be launching non-fungible token (NFT) collectibles to celebrate the experience. Disney fans will be able to obtain official NFTs from Disney, Pixar, Marvel, Star Wars, and more via the digital collectibles app Veve. Entertainment Giant Disney to Drop NFT Series Disney has plans to launch official non-fungible token (NFT) collectibles in celebration of the first annual Disney+ Day. The well known multinational entertainment and media conglomerate headquartered in California has revealed a series…