Day: November 6, 2023

Telegram Wallet avoided self-custody to ease crypto onboarding, COO says

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Telegram Wallet, a major Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has chosen custody over self-custody to chase easier onboarding goals, according to a senior executive. In July 2023, crypto-friendly Telegram messenger officially announced the integration of the custodial crypto wallet, Telegram Wallet, to allow users to access the wallet directly from the messenger’s settings. Though Telegram has enabled existing Wallet users to see the wallet bot directly in the messenger, those who have never used the bot are still not seeing the crypto wallet…

Grimes’ collaboration with music platform makes 200+ AI songs available for creators

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The rapid emergence of artificial intelligence (AI) into the public sector has proven to be one of the biggest developments of the year on a global scale.  Major industries have been turned upside down by AI. In the creative sectors — the music industry in particular — AI is often seen as a double-edged sword: a creativity kickstarter and a thief in the night for copyright. However, the popular musician and producer Grimes has taken a different approach to AI. She was one of the first artists to be vocal…

Bitcoin Addresses Holding Minimum of $1,000 in BTC Shoot Above 8 Million

Analysts explain why Bitcoin price can continue to rally with the next immediate target in sight being $40,000. The number of blockchain addresses holding at least $1,000 worth of Bitcoin (BTC), equivalent to 0.028 BTC at the current price of $35,115, has reached an all-time high of 8 million, as reported by data from Blockware Solutions and Glassnode. According to Blockware, this figure could continue to surge as Bitcoin advances in monetization, a favorable long-term trend for the cryptocurrency. Monetization, in principle, involves generating income potential from an asset that…

Matrixport Sued by Roger Ver Over $8M in Frozen Crypto

Roger Ver took legal action after the company’s derivatives-based arm, bit.com failed to release his $8 million withdrawal request to him in June 2022. Popular crypto businessman Roger Ver has sued Smart Vega Holding Limited, a subsidiary of Matrixport. Although the case has been on since 2022, the report just came to light after Ver recently spoke about what transpired. Roger Ver Believes Wu Has Personal Vendetta against Him According to Ver, he took legal action against Matrixport in August 2022. This was after the company’s derivatives-based arm, bit.com failed…

Cardano (ADA) Price Hits 4-Month High as Network TVL Spikes Nearly 40%

Cardano is recording increased price and network activity and has sparked bullish predictions about the coin’s future. The price of Cardano (ADA) hit a new four-month high on Sunday, climbing to $0.348808. The surge is reportedly due to heavy activity from whale investors and decentralized finance (DeFi) in general. According to CoinMarketCap data, Cardano is now trading higher at $0.353 after rising more than 4% in the last 24 hours and nearly 18% over 7 days. The network is seeing a significant increase in activity, according to data from on-chain…

US Treasuries Spearhead Tokenization Boom

The buyers of these tokens include traders, investors, DAO treasurers, and wealth management firms. “This is specifically interesting for people who are already in stablecoins, and looking for diversification, and who are looking for yield with very little risk,” says Nils Behling, COO of Tradeteq, a U.K-based private debt and real-world asset marketplace, which recently launched tokenized treasuries on the XDC blockchain. Source

Did Ethereum Founder Vitalik Buterin Short Ethereum? Unraveling A 70,000 ETH Sale

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A video has surfaced on social media where Ethereum founder Vitalik Buterin revealed he sold 70,000 ETH tokens during its price all-time high.  Buterin Acknowledges Shorting Ethereum Crypto community member, MetaMan X, published a video post on X (formerly Twitter), disclosing a conversation where Ethereum Founder, Vitalik Buterin admitted that he had sold about 70,000 ETH tokens, essentially shorting the cryptocurrency during a major all-time high.  In the podcast with American hedge fund director, Eric Ross Weinstein, Buterin spoke on the price of Ethereum and Bitcoin in 2017. During Ethereum’s…

NFT sales volume jumps to $129M in November — Nansen data

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Nonfungible tokens (NFTs) have seen a steady increase in terms of weekly Ether (ETH) sales volume, according to the blockchain analytics platform Nansen.  In a post on X (formerly Twitter), Nansen highlighted that on the week ending on Oct. 9, NFT sales were at 29,704 ETH, worth around $56 million at current ETH market prices. The sales volume increased weekly until it reached 68,342 ETH, worth over $129 million. NFT marketplace Blur had the highest share of NFT trading volume in the last 30 days. According to data aggregator NFTGo,…