Day: December 20, 2021

Crypto exchange FTX US partners with four Washington, DC sports teams

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The company behind four major Washington, D.C.-based professional sports teams has announced FTX US will be its official crypto exchange and nonfungible token partner. In a Monday announcement, Monumental Sports and Entertainment, or MSE, said FTX US would be the official crypto partner of the Washington Capitals hockey team, the Washington Wizards men’s basketball team, the Washington Mystics women’s basketball team and the Capital City Go-Go basketball team as part of a multi-year deal. According to MSE, FTX US’ NFT platform will have exclusive rights to future token drops by…

2021’s NFT Boom Pushes Collectors Toward Rare and Older Collections – Blockchain Bitcoin News

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In 2021, non-fungible tokens (NFTs) have been extremely popular and have become a billion-dollar industry this year. There’s been a number of NFT marketplaces and collections that have seen a massive number of sales and individual digital collectibles have sold for millions. The NFT hype has also caused significant demand for some of the earliest known NFT collections like Spells of Genesis cards, Curio cards, Bitcorn, Rare Pepe trading cards, and Fake Rares. Older Non-Fungible Token Collections See Fresh Demand Old non-fungible token (NFT) collections are seeing fresh demand after…

Bitcoin Whale Address Containing $11 Million Activates After 9-Year Dormancy

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Another bitcoin wallet containing millions of dollars worth of BTC has come out of dormancy. As time goes on, more and more of these wallets are being reactivated by their owners who have, for one reason or another, not transacted using these wallets for years despite having what is considered life-changing money in them. This one has not had any activity on it in over nine years and has now activated after a long stretch of dormancy. Whale Wallet Activates Whale Alert, a service that posts activity from wallets with…

Dubai World Trade Centre To Become A Crypto Hub For Regulation

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The Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for virtual assets and crypto, comprising digital assets, goods, operators, and exchanges, as part of the Dubai government’s efforts to build new economic sectors. Dubai Likes Crypto The United Arab Emirates (UAE) is becoming one of the world’s most cryptocurrency-friendly jurisdiction, with the Dubai government announcing a new program to assist local cryptocurrency development and regulation. The Dubai World Trade Centre (DWTC), a government-owned event and exposition facility in Dubai, said on Dec. 20 that it will…

NFT Forgeries Aren’t Going Away

In a tweet thread last week, the digital artist Lois van Baarle said she’d discovered “132 instances” of her artwork being minted as NFTs on the marketplace OpenSea, all without her permission. “NFTs are supposedly about authenticity, but these platforms … do less than the bare minimum when it comes to making sure that the images are being uploaded by their original creators,” she wrote. (NFTs are non-fungible tokens, unique digital assets on a blockchain). This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories…

Adidas Originals reaches second spot on OpenSea rankings with debut NFT collection

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In its debut weekend, the first NFT from Adidas Originals’ “Into the Metaverse” project has generated 11,391 Ether (ETH), worth over $43 million, on OpeanSea. Ranked by trading volume, this collection has earned the second spot on OpeanSea after RTFKT’s Clone X and Takashi Murakami collection.  In collaboration with Bored Ape Yacht Club, PUNKS Comic and gmoney, Adidas Originals co-created one digital asset and put up 30,000 copies of the same item for sale on Dec. 17. Almost 20,000 copies of the Phase 1 NFT have been sold so far. Related:…

Crypto Fight Club Completes Successful Seed Round

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As play-to-earn games continue to enter the market, one NFT-implemented fighting game is looking to stand out from the rest: Crypto Fight Club. The title has already launched their website, alongside a detailed white paper in recent months. Now, the emerging game has completed an immensely successful seed round, raising nearly $3M from a bevy of well-respected investment groups.  Crypto Fight Club’s Investors: Rounding Out The Team Crypto Fight Club (CFC) looks well-positioned to take a unique market share in the play-to-earn category, particularly after the latest seed fundraising. CFC…

Sharply Dropping Bitcoin Reserves May Suggest Return To Bullish Trend

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On-chain data shows Bitcoin exchange reserves have sharply dropped recently, suggesting a possible return to bullish trend. Bitcoin Exchange Reserves Historical Data May Tell Current Trend Is Bullish As explained by an analyst in a CryptoQuant post, the Bitcoin exchange reserves seem to have sharply fallen in the past couple of weeks. The “all exchanges reserve” is a BTC indicator that shows the total amount of coins currently stored in exchange wallets. When the value of this indicator moves up, it means investors are depositing their Bitcoin to exchanges. Holders…

Indian parliament’s agenda for winter session no longer includes crypto bill

The Indian government may still be considering a bill that could ban certain cryptocurrencies in the country, but lawmakers are unlikely to vote on any legislation in the current parliamentary session. According to a Friday publication, India’s lower house of parliament, Lok Sabha, will likely not be looking at a bill proposing the prohibition of “all private cryptocurrencies” before its winter session ends on Thursday. The Cryptocurrency and Regulation of Official Digital Currency Bill does not appear as one of the seven bills on the government body’s agenda over the…

From eNaira to eHryvnia, a Caribbean fintech develops CBDC around the world

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Barbados, a paradise island in the West Indies, is known for its azure beaches, tidal waves, shipwrecks, homegrown grown Barbadian (Bajan) hospitality, and more recently, an influx of remote workers. Now, one can add cryptocurrency innovations to that list as well. Bitt, a Bajan fintech firm developing blockchain technology, has successfully created the eNaira central bank digital currency, or CBDC, for Nigeria and is on the path to creating an electronic Hryvnia for Ukraine. In an exclusive interview with Cointelegraph, Brian Popelka, chief executive officer of Bitt, discussed the technology…