Ethereum-Based Altcoin Blasts Into Stratosphere After Unexpected Launch on Crypto Exchange Coinbase

An altcoin designed to power an automated crypto trading platform is skyrocketing after earning support from the top US crypto exchange, Coinbase. The Ethereum-based crypto asset Kryll (KRL) just shot from a 24-hour low of $1.02 to a high of $1.82 as it became clear that the coin will be listed on Coinbase Pro.   That’s a 78% increase, according to the latest price data from CoinGecko. Kryll is designed to let users browse, build, and test a variety of trading strategies and see how they perform. Traders can use…

WWE, Blockchain Creative Labs Ink Deal to Launch NFT Marketplace

World Wrestling Entertainment (NYSE:WWE) has signed an agreement with Blockchain Creative Labs, to launch a non-fungible token (NFT) marketplace for licensed digital WWE tokens and collectibles, the company announced Wednesday. Blockchain Creative Labs is a new NFT business and creative studio owned by FOX Entertainment and Bento Box Entertainment. Blockchain Creative will work closely with WWE to create NFTs capturing memorable moments in wrestling, including WWE Superstars and events such as WrestleMania and SummerSlam. In order to take part in the WWE NFT marketplace, fans will need access to the…

BTC price dips below $62K on VanEck Bitcoin ETF launch day

Bitcoin (BTC) fell below $62,000 on Oct. 26 as the launch of the third U.S. regulated exchange-traded fund (ETF) failed to budge sideways price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $61,600 support target for BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting daily lows as U.S. markets opened Tuesday. The latest ETF, the VanEck Bitcoin Strategy ETF ($XBTF), was met with a decidedly different mood on the day as Bitcoin seemed unmoved by the prospect of fresh institutional involvement. Last week’s ProShares Bitcoin Strategy ETF saw…

Culture converges with blockchain as luxury fashion brands launch NFT collections

It’s no surprise that nonfungible tokens (NFT) have been dominating the crypto market this year. The booming digital asset class generated over $2.5 billion in sales within the first six months of 2021, demonstrating unheard-of financial gains for artists, brands and content creators across the globe.  The rise of metaverses has also impacted the adoption of NFTs, as the world is moving closer toward visions of a future defined by augmented reality. As such, NFTs are further demonstrating the convergence of culture with technology, which in turn is having an…

BlockFi partners with Neuberger Berman to launch crypto ETFs

Crypto lending firm BlockFi has formed a business with New York-based investment management company Neuberger Berman for the development and distribution of crypto products including exchange-traded funds. In an Oct. 25 announcement, BlockFi said the joint venture, BlockFi | nb, expects to “launch crypto asset management products, including ETFs and other traditional structures,” giving investors exposure to crypto in their brokerage accounts. According to the two firms, the partnership will combine BlockFi’s retail and institutional crypto solutions with Neuberger Berman’s suite of crypto strategies. “We are witnessing a significant shift…

Stellar To Launch New Europe-Africa Payment Corridor

The Stellar ecosystem continues to expand. Today they have announced a partnership with global payments company Flutterwave to launch two new payment corridors between Europe and Africa. Related Reading | How Stellar’s $40M Investment In Tala Will Give Millions Access To Financial Services To be supported by the Stellar network with their main EU anchor TEMPO, a payment institution that offers its services for the corporate sector, the corridors will process transactions with USDC. In that way, the partners seek to provide a simplified way of sending remittances between the two…

Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February – Bitcoin News

According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout. Chinese Government Pushes McDonald’s, Visa, Nike to Accept CBDC The People’s Republic of China is preparing for its full roll-out of the CBDC in February 2022, during the introduction of the Beijing Winter Olympics. According to the Financial…

Nigeria to Launch Its ENaira Digital Currency on Monday: Report

The Central Bank of Nigeria (CBN) will launch its digital currency, the eNaira, on Monday, Bloomberg reported. The eNaira, which is intended to complement the physical Naira rather than replace it, will “make financial transactions easier and seamless for every strata of the society,” the CBN said in emailed statement on Saturday, according to the report. The launch had originally been set for Oct. 1 to Oct. 4 but was delayed in deference to the 61st anniversary of Nigerian independence on Oct. 1. Nigerian financial officials have struggled with cryptocurrency’s…

Wall Street jinx? Traders weight ‘sell the news’ potential after Bitcoin ETF launch

Wall Street opened its doors for the first Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 19, with the listing of ProShares Bitcoin Strategy (BITO) on the New York Stock Exchange. The fund attracted more than $1 billion in trading volume on its first day, while BTC price rallied to a new record high of $67,000. But the spot gains did not stay for too long with BTC paring some gains going into the weekend. Bitcoin price corrected by almost 11% from its all-time high to reach levels below $60,000 on Saturday,…

Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous Failure – Emerging Markets Bitcoin News

After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC. CBN Prioritizes Robust Ecosystems However, in the same document, the central bank appears to downplay the implications of failing to launch as planned. Instead, the CBN attempts to highlight the importance of getting things right the first…