Day: January 13, 2022

China-Backed BSN to release infrastructure this month to support NFTs: Report

China-backed Blockchain Services Network will introduce infrastructure this month to support NFTs that have no link to cryptocurrencies, which are banned in China, the South China Morning Post reported on Thursday. He Yifan, chief executive of Red Date Technology, which provides technical support to BSN, told the SCMP that non-fungible tokens “have no legal issue in China” as long as they have nothing to do with cryptocurrencies. The infrastructure, BSN-Distributed Digital Certificate (BSN-DDC), provides application programming interfaces for businesses or individuals, enabling them to build their own user portals or…

Solana could become the ‘Visa of crypto’: Bank of America

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Bank of America digital asset strategist Alkesh Shah has predicted that Ethereum competitor Solana could become the “Visa of the digital asset ecosystem” in a Jan 11 research note. The Solana network launched in 2020, and has since grown into the fifth largest cryptocurrency with a market capitalization of $47 billion. An order of magnitude faster than Ethereum, it has been used to settle over 50 billion transactions and mint over 5.7 million non-fungible tokens (NFTs). Critics however argue its speed comes at the cost of decentralization and reliability but…

Bribe Looks to Usher In DAO 2.0 With Voter Extractable Value

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Community governance is a concept that hearkens back to the early days of cryptocurrency, when intrepid cypherpunks pooled resources, shared ideas, and tinkered with one another’s proposals. With everyone pulling in the same direction, but each bringing his own talents and theories to the table, the idea was that those most committed to a project were the ones best placed to influence its evolution. This principle eventually gave rise to decentralised autonomous organisations – or DAOs for short. Made up of developers, engineers, coders and regular community members, these open-source…

Gap Launches Gamified Collectible NFT Experience to Activate Community, Creativity and Self-Expression – Blockchain News, Opinion, TV and Jobs

Today, Gap announced the global launch of its first collection of non-fungible tokens (NFTs) to bring its brand and iconic product to new and existing customers in a rapidly evolving digital ecosystem. For this launch, the brand is introducing a gamified digital experience celebrating creatives and giving customers the unique opportunity to own a limited edition, collectible Gap hoodie. For this release, Gap is collaborating with Brandon Sines, the artist behind Frank Ape, for a limited edition drop. Community, creativity, and self-expression are core values in Sines’ art, which embodies…

Wikipedia editors vote against classifying NFTs as art

A group of editors on Wikipedia, the free user generated encyclopedia, have voted against classifying NFTs as a form of art and have come to a consensus to shelve the issue until a later date. A survey and debate started on the platform at the end of December revolving around the most expensive art sales by living artists and whether NFT art sales should be deemed as “art sales” or “NFT sales.” “Wikipedia really can’t be in the business of deciding what counts as art or not, which is why…

Metaxy Stirs Up Crypto Community with Its IDO on Top 4 Launchpads

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Metaxy, a Free-to-Play and Metaverse NFT game, will conduct its IDO on four launchpads: GameStation, KoiStarter, BinStarter, and DAOLaunch on January 17, 18 & 19, 2022. After a fruitful year of explosive growth and success of NFT games like Axie Infinity or Gods Unchained, it was only a matter of time before blockchain gaming exploded. With tonnes of NFT games in development, the crypto and blockchain community is eagerly awaiting their release, and they certainly have good reasons to do so. One game that has quickly risen and is set…

Interest wanes in Bitcoin futures ETF’s as contracts fall below 5K

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After a stellar launch, interest has waned in the ProShares Bitcoin Strategy Exchange Traded Fund (BITO) which now has the lowest amount of CME contracts since Nov. 2021. The Bitcoin futures exchange traded fund (ETF) holds a total of 4,904 Chicago Mercantile Exchange (CME) futures contracts, according to the fund’s latest update from Jan. 11. A Bitcoin futures ETF allows investors to speculate on the future price of Bitcoin (BTC) without having to hold the asset themselves. BITO’s assets under management (AUM) figure has retraced to $1.16 billion from a…

Swiss Bank Seba Predicts Bitcoin Could Hit $75K This Year Boosted by Institutional Investors – Markets and Prices Bitcoin News

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Regulated Swiss bank Seba has predicted that the price of bitcoin could reach $75K this year. “Institutional money will probably drive the price up,” said the bank’s CEO. Seba Bank’s Bitcoin Price Prediction Seba Bank CEO Guido Buehler shared his bank’s prediction on where the price of bitcoin is heading with CNBC at the Crypto Finance Conference in St. Moritz, Switzerland, on Wednesday. Seba Bank is a digital assets banking platform licensed by the Swiss Financial Market Supervisory Authority (FINMA). Regarding the price of bitcoin this year, he said: We…

Financial Guru Dave Ramsey Says Crypto Is ‘Fun,’ Here to Stay, Can Be Part of Portfolios – Featured Bitcoin News

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Financial guru Dave Ramsey says crypto is “fun” and can be a small part of investment portfolios. “It’s a commodity. Is it going to be around? Sure, it’s going to be around,” Ramsey said. Dave Ramsey Now Considers Cryptocurrency a Commodity That Is Here to Stay Personal finance guru and Ramsey Solutions CEO Dave Ramsey discussed bitcoin and his new book titled “Baby Steps Millionaires” in an interview with Maria Bartiromo on Fox Business Tuesday. Bartiromo asked him: “I know that you warned against crypto. You called it a get-rich-quick…

Derivatives are coming to Coinbase, following purchase of FairX

Major U.S. crypto exchange Coinbase, the third largest in the world by 24 hour volume, intends to enter the derivatives trading markets, having acquired the FairX derivatives exchange. FairX is a Designated Contract Market (DCM) derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC). Despite being relatively new to the market, having launched in May 2021, FairX has secured brokerage partnerships with industry leaders TD Ameritrade and E*Trade, along with 18 others. Derivatives trading refers to the trading of various exotic products linked to the future value of  underlying…