Day: November 22, 2021

DAO To Make Jodorowsky’s Dune Manuscript Public: Member Won $3M Bid

Following Constitution DAO’s lead, a group called Dune DAO went for a copy of the mythological Frank Herbert and Alejandro Jodorowsky’s Dune manuscript, wanted by many and seen by few. A plot almost as interesting as the saga took over Christie’s auction, where the DAO won the final bid, but with a twist. Just a few days after ConstitutionDAO made history crowd-raising over $46M in an attempt to buy a rare printing of the U.S. constitutions, other groups are following their steps to purchase valuable objects in hopes to make…

First Mover Asia: Bitcoin Drops to $56.5K After Brief Rally; Ether Also Falls

Good morning. Here’s what’s happening this morning: Market moves: Bitcoin rallied in early trading on U.S. markets before dropping. Technician’s take: Short-term downside is likely into the Asia trading day. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $56,452 -4.6% Ether (ETH): $4,107 -5.1% Market moves After picking up slightly earlier in the day, bitcoin continued its recent downward trend. At the time of publication, the cryptocurrency was trading above $56,500, down more than 4% over the past 24…

Ethereum vs. Avax Social Media Battles Rage as L1 Fees Keep Rising – Bitcoin News

The Ethereum scaling wars are raging on social media due to the problems that this chain is facing, with fees on layer one (L1) at very high levels. Zhu Su, CEO of Three Arrows Capital, a notable crypto VC company, announced he withdrew his support from the project, criticizing the state in which the chain is now. Emin Gun Sirer, Founder and CEO of Ava Labs, the company behind Avalanche, stated that Avalanche will be able to scale regardless of its growth. Ethereum Facing Heat in Social Media …

This Red-Hot Altcoin Could Become the Biggest Crypto Exchange Token, According to Coin Bureau

The host of YouTube channel Coin Bureau is predicting that the native coin of a digital asset marketplace could become the biggest crypto exchange token. In a new video, the analyst known as Guy tells his 1.65 million subscribers that Crypto.com’s brand recognition is already giving its coin, CRO, an edge over other exchange tokens as the firm aggressively promotes its platform. Earlier this month, the Singapore-based company struck a $700 million deal to rename the Staples Center, the home of the Los Angeles Lakers and Los Angeles Clippers, to…

Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic

Cardano (ADA) has been experiencing struggling prices since it hit its all-time high above $3 back at the start of September. Since then, it has been on a downward trend and had fallen below $2 for the first time as October drew to a close. Despite some important announcements and strides on the part of the project, the token has not seen much recovery, leading to panic among its holders. In light of this, founder Charles Hoskinson once again took to YouTube to address those whom he thinks are too…

How Much Money I Make Mining Ethereum (2021)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In today’s video, we’ll be talking about how much my Ethereum mining rig makes. I’ll be going through the specs of the PC I use, show you what it looks like, and talk about the challenges I faced. I’ll cover how much it costs to run, how much money it makes, and therefore how profitable it is. 💻 AlgoExpert is the coding interview prep platform that I used to ace my Microsoft and Shopify interviews. Check it out and get a discount…

Brazil’s Central Bank Plans to Launch a CBDC Pilot in 2022: Report

The Central Bank of Brazil (BCB) plans to launch a pilot of a digital currency (CBDC) by 2022, BCB President Roberto Campos Neto said on Friday, local media outlet Estadao reported. In September, the BCB told the Brazilian Senate that it planned to launch the final version of a digital real in 2024, according to estimates made by Fabio Araujo, an economic advisor to the BCB, who added that the monetary authority would conduct initial tests in 2022. Brazil’s central bank has also been discussing a bill to regulate digital…

Analysts pinpoint bull and bear scenarios as Bitcoin price dips below $56K

Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today’s drop back under $56,000 is raising eyebrows among traders. Data from Cointelegraph Markets Pro and TradingView shows that after starting the week near $60,000, several days of bears hammering the price of Bitcoin resulted in a revisit to $55,600. BTC/USDT 1-day chart. Source: TradingView Here’s what analysts have to say about the latest price action from Bitcoin and…

South China Morning Post Releases White Paper for NFT Standard Built on Flow Blockchain

The South China Morning Post (SCMP) has released a white paper detailing its new non-fungible token (NFT) metadata standard called Artifact. The standard will be used to mint historical NFTs, including the SCMP’s own inaugural NFT collection. The SCMP said that Artifact’s metadata structure will be built on the Flow blockchain that was originally created by Dapper Labs, the makers of the popular NBA Top Shot video NFTs. The Artifact white paper outlines a proposed governance structure as well as the development of a dedicated marketplace for the sale of…

Sotheby’s Metaverse announces latest and largest NFT charity auction

Sotheby’s, the world’s oldest art and luxury auction house, announced its collaboration with the public health care advocate and nonprofit organization Sostento to auction off its latest NFT collection via the Sotheby’s Metaverse. The auction entitled, ‘Gifted: The 140 Collection,’ is considered to be Sotheby’s “biggest NFT charity auction ever,” with all of its proceeds going towards Sostento.  The NFTs were originally gifted by Twitter as part of a giveaway of 140 NFTs to 140 random followers in June of this year. Its recipients became known as “The Besties.” Now,…