Day: November 6, 2023

NFT sales volume jumps to $129M in November: Data

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 tweet, 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. Regarding the shares of NFT trading volume, NFT marketplace Blur took the top spot in the last 30 days. According to data aggregator NFTGo, Blur…

How blockchain, AI can help research into extending human life

Blockchain and artificial intelligence (AI) have long been paired to change how people view identity and verification. Between those innovations come data, described by experts as the new oil — extracted, amassed, refined, processed and turned into something useful. While most blockchain and AI use cases are still experimental and success can’t yet be measured, a developing app employs users’ personal data to contribute to research on prolonging human life. Speaking with Cointelegraph at the recent Cardano Summit, Jasmine Smith, chief executive of Web3-based wellness app Rejuve.AI, said that crowdsourcing…

Vanguard CEO Rules Out Bitcoin ETF, Stresses Long-Term Investment

With the US SEC edging closer to potentially approving a Bitcoin ETF, experts and industry leaders are offering their predictions on the potential impact of this milestone on the crypto market. In a recent interview on CNBC’s ‘The Exchange’, Tim Buckley, Chairman and CEO at Vanguard Group, the world’s second-largest asset manager, stated that the company has no plans to pursue a Bitcoin (BTC) spot Exchange Traded Fund (ETF). Vanguard to Focus on Core Values Buckley’s firm stance on this issue was clear as he stated: “We won’t be pursuing…

The Simpsons Delve into NFTs in Latest Halloween Special Episode

Non-fungible tokens and blockchain appeared on The Simpsons. During the recent  Halloween special episode of The Simpsons, one of the longest-running TV series in the United States, the beloved animated family, took a playful swing at the world of non-fungible tokens (NFTs) and the crypto industry, making viewers chuckle and sparking conversations about the show’s modern relevance. The new episode titled “‘Wild Barts Can’t Be Token”, aired on Sunday night, tickling audiences with its comical take on digital collectibles and blockchain technology. Bart Transforms into NFT The episode opened with…

XRP Enjoys 11% Rally As Sharks & Whales Hit 2023 High Holdings

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On-chain data shows the XRP sharks and whales have been accumulating as the recent rally in the token’s price has occurred. XRP Sharks & Whales Are Backing The Current Rally In The Asset According to data from the on-chain analytics firm Santiment, the large XRP holders have participated in buying recently. The relevant indicator here is the “Supply Distribution,” which measures the percentage of the total supply that each investor cohort in the market is holding in their wallets as a whole right now. In the context of the current…

Hong Kong to Let Retail Investors Gain Exposure to Crypto ETFs

Hong Kong’s top financial regulator SFC shows willingness to allow retail players to gain access to spot crypto ETFs while ensuring that risks are addressed properly. Hong Kong regulators are assessing whether they can allow retail investors to seek exposure to spot crypto ETFs that directly invest in crypto assets. Julia Leung, the Chief Executive Officer of the Securities and Futures Commission said that the city is considering granting retail investors access to spot ETFs, contingent upon the satisfaction of regulatory requirements. Leung said: “We welcome proposals using innovative technology…

U.S. SEC reviewing BlackRock Bitcoin ETF application; Polkadot, Cosmos, and new coin may soar on approval

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BlackRock, a top investment firm, is closer to getting a regulatory nod from the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin ETF application. Its product was temporarily listed at the Depository Trust & Clearing Corporation (DTCC). While the approval is pending, analysts expect Polkadot, Cosmos, and Everlodge to benefit. Everlodge can benefit from the Bitcoin ETF launch Global tourism has seen growth since the end of the COVID-19 lock-down.  Recent research indicates there are over 17.5 million guest rooms worldwide. However, it has largely been overlooked by…

Mauritius mulls wrapping metaverse into financial services

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The Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry. The FSC Mauritius dedicated the entire month of November to amass comments on the strategic developments and repercussions of the metaverse, a recent consultation paper, “Reshaping the financial services sector,” showed. Mauritius intends “to ensure that the regulatory and business environments in Mauritius are appropriately ready and re-engineered” as metaverse adoption continues to amplify on a global scale. FSC Mauritius highlighted metaverse-centric efforts…

Germany’s DZ Bank Launches Institutional Crypto Asset Custody Platform

DZ Bank’s current infrastructure makes it possible for the bank to take part in the exploratory phase of the ECB’s project testing the settlement of large-volume capital market transactions in central bank money.  Germany’s third-largest bank DZ Bank has launched a blockchain-based platform for the processing and custody of crypto assets. The platform will cater to institutional clients, offering them crypto securities the crypto bond from Siemens, which “DZ Bank subscribed to six months ago and which could now be transferred to self-custody.” “We assume that within the next ten…