Day: November 19, 2021

Market Wrap: Bitcoin Underperforms Altcoins as Sell-Off Pauses

Bitcoin held steady around $57,000 on Friday after a near-10% decline over the past week. The cryptocurrency is roughly flat over the past 24 hours, compared with a 5% rise in ether and an 8% rise in Solana’s SOL token over the same period. “Market sentiment seems short-term bearish/sideways – people are shorting BTC in the perpetual futures market,” Ki Young Ju, CEO of CryptoQuant, wrote in a blog post on Friday. Analysts pointed to rising leverage as a possible sign of froth in the crypto market, which forced some…

Kraken to delist Monero for UK customers by the end of November

In an email quoted by Reddit users, Kraken, the world’s eighth-largest cryptocurrency exchange by trading volume, announced it would be delisting privacy coin Monero (XMR) in compliance with regulations in the United Kingdom. The platform will cease all XMR trading activities, set XMR wallets to withdraw-only, and force-liquidate any existing XMR margin positions after Nov. 26. Through advanced cryptography, privacy coins like Monero obscure participants’ public wallet addresses and payment amounts when their transactions appear on the blockchain, making it improbable, in the context of current technology, for forensic entities…

Metaverse and blockchain gaming altcoins rally while Bitcoin looks for support

Bitcoin’s (BTC) recent foray back below $56,000 sparked a wide-ranging sell-off across the cryptocurrency ecosystem and talks of the price hitting $100,000 by the end of the year quickly morphed into concerns about an impending bear market that could thrust prices into the doldrums for a year or longer.  While there appeared to be absolute carnage in the markets judging by peoples’ reaction to the BTC pullback, not all tokens were negatively impacted and gaming tokens focused on the emerging Metaverse have managed to stay in the green. Data from Cointelegraph…

After Being Foiled by a Billionaire, ConstitutionDAO Faces Lingering Questions

As the dust settles on one of the most ambitious crypto experiments in recent memory, a host of questions remain unanswered – starting with the fate of over $49 million in donations. On Thursday night, auction house Sotheby’s played host to an unusual bidder: ConstitutionDAO, an ad-hoc group of over 17,000 donors who pitched in to collectively buy a rare print of the Constitution of the United States. While the bidding ended at $43.2 million – below the $49.5 million the decentralized autonomous organization (DAO) raised – the predicted cost…

New Money and Contemporary Capitalism With Brett King and Patrick Murck

With the advent of cryptocurrency and related technologies, and with the failure of the existing banking-centric monetary architecture to address inequities and avoid financial crises, the one thing people tend to agree on is that our system of money needs an overhaul, specifically an upgrade to meet the needs of the digital economy. This episode is sponsored by Quantstamp and Nexo.io. But what form should it take? And who gets to decide? This week, “Money Reimagined” co-hosts Michael Casey and Sheila Warren talk to two guests who’ve thought as much…

Las criptomonedas podrían desestabilizar países y debilitar al dólar como reserva de valor, según Hillary Clinton

La ex secretaria de Estado de los Estados Unidos y candidata presidencial demócrata, Hillary Clinton, arremetió el viernes contra las criptomonedas e hizo un llamamiento a los estados para que vigilen su crecimiento. “Un área más a la que espero que los Estados nación empiecen a prestar más atención es el aumento de las criptomonedas, porque lo que parece un esfuerzo muy interesante y un tanto exótico para literalmente minar nuevas monedas con el fin de comerciar con ellas tiene el potencial de socavar las divisas, de socavar el papel…

Manchester City officials sign and suspend partnership with mysterious crypto firm within a week

English Premier League football club Manchester City has suspended a partnership with a startup crypto firm after seemingly not doing its due diligence prior to signing. According to Daily Mail reporter Jack Gaughan, Manchester City is currently “conducting further enquiries” regarding 3key Technologies, the crypto firm with which the club inked a deal on Nov. 12. At the time, the football club said it would be collaborating with 3key to raise awareness of its reported decentralized finance, or DeFi, trading analysis products as a regional partner. Manchester City suspend partnership…

Taproot activates, K-pop enters the Metaverse and Staples Center becomes Crypto.com Arena: Hodler’s Digest, Nov. 7-13

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week The Bitcoin network welcomes Taproot soft fork upgrade The Bitcoin (BTC) network underwent its first major upgrade since 2017 after the Taproot soft fork went live following a 90% lock-in consensus from miners and mining pools between blocks 709,488 and 709,632.  Taproot will apparently improve…

Did ConstitutionDAO Shift the Overton Window on What DAOs Can Accomplish?

This episode is sponsored by NYDIG. Download this episode Last night the crypto community waited with bated breath to see who had won the first printing of the U.S. Constitution. Despite raising over $40 million from 17,000 people, the ConstitutionDAO was ultimately outbid. In this episode, NLW discusses how the DAO came together, how the bidding went down and how the community should feel about its near-miss. See also: ConstitutionDAO Outbid for First Printing of America’s Founding Document in Sotheby’s Auction “The Breakdown” is written, produced by and features Nathaniel…

Ross Ulbricht’s NFT Collection to Be Auctioned via Superrare at Art Basel Miami – Bitcoin News

On December 2nd at Art Basel Miami, the very first Ross Ulbricht non-fungible token (NFT) collection will be showcased at the event and auctioned via Superrare. The proceeds from the auction will support Ross Ulbricht’s freedom efforts and a donor-advised fund called Art4giving, which helps support people who have incarcerated family members. 10 NFTs Featuring Ross Ulbricht’s Personal Work Non-fungible token (NFT) assets have become a big deal this year and turned into a billion-dollar industry in what seems like overnight. This week Ross Ulbricht, the founder of the now-defunct…