Day: November 10, 2023

Roblox CEO ‘dreams’ of in-game cross-platform NFTs and digital objects

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The frontman of the popular virtual universe game Roblox, David Baszucki, has said he ‘dreams’ of having the ability to move nonfungible tokens (NFTs) and digital objects across multiple platforms.  Following the company’s Q3 2023 earnings call, Roblox founder and CEO Baszucki spoke about the role major influencers play in fueling the widespread adoption of NFTs and digital collectibles in a recent CNBC interview. He believed in the idea of users being able to move their collections across non-native platforms: “There’s a bit of a dream here about objects and NFTs…

Lido DAO, RebelSatoshi, and Cosmos surging

Lido DAO’s dominance could drive LDO beyond $2.85 ark by mid-November.  ATOM could surge to $10.81 by the end of November. RBLZ presale launches at $0.01 per token with a projected 30% return expected in the short term. In November, Lido DAO’s resurgence, Cosmos’s potential to rally, and Rebel Satoshi’s unique approach to wealth democratization have piqued the interest of experts and investors. Learn why these altcoins are worth watching. Lido DAO leads liquid staking Lido DAO remains dominant in the liquid staking sector, commanding an 84.4% market share of staked assets. …

Polygon Pump 15%, Bulls Target $1

MATIC price is up over 15% and trading near $0.85. Polygon bulls are in charge, and they might soon aim for a move toward the $1.00 level. MATIC price started a strong increase above the $0.75 resistance against the US dollar. The price is trading above $0.78 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.775 on the 4-hour chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.850…

Hong Kong ‘ready’ to capitalize on crypto’s next bull run: Hashkey Capital

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Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital. Speaking to Cointelegraph, Zheng, partner of liquid funds and research at the investment arm of Hong Kong crypto firm HashKey Group — explained that the combination of new Web3 projects along with crypto-positive regulatory developments has primed Hong Kong for significant growth in the next four to five years. “You’ve got all of these new, different…

Ethereum Price Surges 10%, Here’s Why ETH Could Pump 5% More

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Ethereum price is up over 10% and surpassed the $2,000 resistance. ETH is outperforming Bitcoin and might rise further toward the $2,200 resistance. Ethereum rallied above the $2,000 and $2,050 levels. The price is trading above $2,050 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support near $2,115 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move higher toward the $2,200 resistance in the near term. Ethereum Price Regains Strength In the past 2-3 analyses, we discussed…

Xapo Bank launches ETH, ADA, MATIC buying

Xapo Bank announced to crypto.news that it will become the first licensed retail bank to offer its customers the ability to buy, sell and hold Ethereum (ETH), Cardano (ADA) and Polygon (MATIC) cryptocurrencies. The bank, which received its full banking license in Gibraltar in 2018, has previously only allowed customers to hold Bitcoin, stablecoins like USDC and Tether, and fiat currencies like U.S. dollars and British pounds. By expanding into other major cryptocurrencies like ETH, ADA, and MATIC, Xapo is aiming to provide its users a “one-stop shop” for digital…

Ethereum, Bitcoin users reignite scalability debate as gas fees surge

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A recent spike in transaction fees on Ethereum and Bitcoin appears to have reignited the debate around solutions for scalability and the role of layer 2s. Over the last 24 hours, cryptocurrency users began sharing screenshots showing double, occasionally triple-digit transaction fees on Ethereum and Bitcoin. One screenshot showed gas fees were as high as $220 for a high-priority transaction on Ethereum while other screenshots showed figures around the $100 mark. Bitcoin users meanwhile, reported fees that were around $10 for high-priority transactions. While this is relatively low, the average…

SafeMoon CEO bail release goes on hold after Feds cite flight risk

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United States federal prosecutors have managed to put SafeMoon CEO Braden John Karony’s bail release order on hold, citing flight risk and his release being a possible “danger to the community. On Nov. 9, New York District Judge LaShann DeArcy Hall stayed a Nov. 8 bail release order after prosecutors challenged a Utah Magistrate judge’s decision to let Karony out on a $500,000 bail. Prosecutors made the challenge to Judge Daphne Oberg’s decision in New York, saying the release order was given “without consideration of the defendant’s substantial financial means…

Galaxy CEO predicts no changes in crypto regulations until the 2024 election

Galaxy Digital’s CEO foresees a delay in U.S. crypto regulation until post-2024 elections amid the firm’s report of increased Q3 losses. Galaxy Digital Holdings CEO Michael Novogratz voiced skepticism regarding the advancement of cryptocurrency regulations in the U.S. prior to the upcoming 2024 presidential elections. His comments came amid market speculation surrounding the imminent approval of the first U.S.-based Bitcoin exchange-traded fund (ETF) by the SEC. During the company’s earnings call for the third quarter, Novogratz remarked that any new regulatory decisions are unlikely with the election on the horizon,…