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A $2.3 million private token sale by non-fungible token (NFT) marketplace Talis could expand NFT offerings on the Terra blockchain in the coming year. The company announced the sale Monday, which was led by ParaFi Capital and Arrington Capital and included investment from Benson Oak Ventures, GCW Capital and Blocbits. As NFTs find their footing on blockchains not named Ethereum, their historical home, various projects are looking to replicate the success of on-chain marketplaces such as OpenSea, Rarible and Nifty Gateway. Similar races are shaping up between marketplaces like Solanart…
For those of you unfamiliar with the acronym, WAGMI stands for, “We’re all gonna make it,” and embodies the starry-eyed conviction of crypto enthusiasts. It is a phrase that conjures images of affluence; mansions, yachts, parties, mountains of cash. But most importantly, it embodies the main goal; financial freedom. The freedom to do what we want with our time, to take care of our loved ones, to pursue our passions and gifts and make our wildest crypto gains a reality. It is the answer to the assertion that the crypto…
Institutional investors were unfazed by the recent correction in the cryptocurrency markets, as digital asset funds dedicated to Bitcoin (BTC) and Ether (ETH) continued to grow, according to data from CoinShares. Crypto investment products, which include exchange-traded funds (ETFs), saw weekly inflows totaling $154 million for the week ending Nov. 20, according to CoinShares’ latest fund flows report. Like in previous weeks, Bitcoin investment products attracted most of the inflows at $114.4 million. Funds devoted to Ether saw weekly inflows of $12.6 million and multi-asset products registered $14.1 million in…
Bitcoin has chosen violence. The first crypto by market cap trades at $57,873 with a 3% loss in the daily and an 11.2% loss in the weekly chart. BTC on a downtrend in the daily chart. Source: BTCUSD Tradingview After making a push close to $60,000 Bitcoin was rejected and has trended to the downside for the past 2 hours. The benchmark crypto might have reacted to the potential re-appointment of the U.S. FED Chair Jerome Powell to his position for a second term. Related Reading | This Bitcoin Metric…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Grayscale CEO Michael Sonnenshein joins CNBC’s ‘Squawk Box’ to discuss the first bitcoin ETF to trade in U.S. markets and what that means for other digital assets. For access to live and exclusive video from CNBC subscribe to CNBC PRO: The first bitcoin-linked exchange-traded fund will make its debut officially on Tuesday. The much-anticipated ETF from ProShares, which will track the bitcoin futures market, will begin trading Tuesday on the NYSE under the ticker “BITO,” the company confirmed. “We believe a multitude…
Gala Games’ in-house currency GALA rallied by nearly 350% in November, ignoring corrections across the top cryptocurrencies, including Bitcoin (BTC). Notably, GALA price surged from $0.088 to $0.42 between Nov. 1 and Nov. 22. GALA/USD four-hour price chart. Source: TradingView GALA’s gains primarily came in the wake of a price rally across a majority of gaming and metaverse crypto assets. For instance, MANA, the native token of Decentraland — a blockchain-based virtual world that allows users to create, experience, and monetize content and applications, climbed by more than 30% month-to-date. Similarly, SAND,…
While El Salvador’s new bitcoin-linked bond may be one of the highest-yielding fixed-income instruments globally, it might turn out to be riskier than the country’s outstanding government bonds, which are already categorized as junk-grade. Some experts said the new offering might struggle to attract investors, especially because the bond appears to pay interest at a lower rate than the country’s conventional dollar-denominated bonds. El Salvadorian President Nayib Bukele announced the plans on Saturday to issue a $1 billion “Bitcoin Bond” with a 10-year maturity on the Liquid Network. Half of…
Global banking powerhouse Citi is hiring 100 people to beef up its blockchain and digital assets division, according to a person familiar with the bank’s plans. Citi has also made Puneet Singhvi head of digital assets for the institutional clients group (ICG) at Citi as of Dec. 1, according to a company memo shared with CoinDesk. Singhvi was most recently head of blockchain and digital assets for Citi’s Global Markets team. Singhvi will report to Emily Turner, head of business development for the Institutional Clients Group at Citi. Shobhit Maini…
The U.S. and U.K. governments have “committed and agreed to heighten the focus on illicit use of cryptocurrency and ransomware,” the U.S. Department of Justice announced. According to the FBI, high crypto prices have partially made ransomware “incredibly lucrative for the criminals.” Governments Collaborate to Focus on Illicit Use of Crypto The U.S. Department of Justice (DOJ) announced Friday that Deputy Attorney General Lisa Monaco and officials from its National Security Division and Criminal Division met with U.K. Home Secretary Priti Patel in Washington, D.C., on Thursday. “In their meeting,…