Day: November 29, 2022

NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff – Bitcoin News

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With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off over a third of the firm’s staff. After Raising $100 Million in 2021, Report Says Candy Digital Cuts a Third of Its Employees a Year Later On Monday, Sportico’s sports business reporter Eben Novy-Williams reported…

A16z Leads $15M Round for Game Studio Roboto Games

The funding will go toward building out the company’s second game and hiring across a variety of roles, including artists and marketers, Roboto Games founders Curt Bererton and Mathilde Pignol told CoinDesk in an interview. Other participants in the round included Ancient8, Animoca Brands, Gumi Cryptos Capital, Harrison Metal Capital, Makers Fund, Merit Circle, Transcend and a number of angel investors. Total funding now stands at $19.5 million to date, including a 2019 seed round. Source

$16K Bitcoin dropping to $12K–$14K — Can this really happen? Watch The Market Report

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On this week’s The Market Report show, Cointelegraph’s resident experts discuss the possibility of a $12,000–$14,000 Bitcoin (BTC) price and what that would mean for the rest of the crypto space. We start off this week’s show with the latest news in the markets: New BTC miner capitulation? 5 things to know in Bitcoin this week Bitcoin prepares to exit a grim November just above $16,000 — what could be on the menu for BTC’s price this week? We discuss the protests in China, the possibility of Bitcoin miners being…

Sony Launches Motion-Tracking Metaverse Wearables

“Normally, video production using motion capture requires dedicated equipment and operators,” Sony said in its release. “By utilizing our proprietary algorithm, Mocopi creates highly accurate motion measurement with a small number of sensors, freeing VTubers (virtual streamers) and creators involved in movie and animation production from time and place constraints.” Source

Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’

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Coinbase Wallet will no longer support four major tokens as of Dec. 5. In a Nov. 29 notice on its help pages, Coinbase said the wallet will no longer support Bitcoin Cash (BCH), XRP (XRP), Ethereum Classic (ETC) and Stellar Lumen (XLM), as well as their associated networks. The crypto firm cited “low usage” of the four tokens in its decision. “This does not mean your assets will be lost,” said the announcement. “Any unsupported asset that you hold will still be tied to your address(es) and accessible through your…

France, Luxembourg Test CBDC for 100M Euro Bond Issue

The Venus Initiative “shows how digital assets can be issued, distributed and settled within the eurozone, in a single day” and “confirms that a well-designed CBDC can play a critical role in the development of a safe tokenised financial asset space in Europe,” Nathalie Aufauvre, general director of financial stability and operations at Banc de France, the French central bank, said in a statement. Source

LINK Hits 20-Day High, DOGE Rebounds From Monday’s Losses – Market Updates Bitcoin News

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Chainlink raced to a 20-day high on Nov. 29, as the token surged for a second straight day. Cryptocurrency markets were mostly higher in today’s session, following a sluggish start to the week. Dogecoin was another notable gainer on Tuesday, as the meme coin rebounded from yesterday’s losses. Chainlink (LINK) Chainlink (LINK) climbed to its highest point in three weeks on Tuesday, as prices rose for a second straight day. Following a low of $6.67 to start the week, LINK/USD races to an intraday high of $7.43 earlier in today’s…

FTX Fiasco boosts Bitcoin ownership to new highs: analysts weigh in

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The bear market has inspired the little guy to accumulate vast amounts of Bitcoin (BTC).  The number of wallets holding 1 BTC or more recently hit new highs while those with 10 BTC or less are setting accumulation records. However, to what extent are these newly minted “wholecoiners” taking custody of their private keys? Has the recent spate of insolvency among centralized exchanges (CEX) encouraged Bitcoin enthusiasts to move their Bitcoin into cold storage, removed from third party risk? For Checkmate, lead analyst at Glassnode, the data would point to this…