Bitcoin did well last month in a period dubbed “Uptober” by crypto enthusiasts. But its modest gains of 40% were nothing compared to the weird world of meme coins, where cryptocurrencies unheard of just months ago experienced gains of upwards of 3,900%. Meme coinscryptos based on internet memes, current events, online communities and influencershave become a hot craze. And they…
Aaron Rodgers, quarterback for the Green Bay Packers football team, has said he will be taking part of his National Football League salary in Bitcoin. In a video posted to his Twitter account on Nov. 1, Rodgers dressed as fictional character John Wick, likely for Halloween said he would be partnering with Cash App to take a portion of his…
The Recording Academy and OneOf, a green NFT marketplace backed by legendary record producer Quincy Jones, announced an exclusive partnership centered around the next three years of Grammy Awards in an unsigned statement on the Grammy.com website. Details on specific NFT collections will be released in January, but will celebrate both the awards themselves and nominees / recipients. Some of…
In brief Aaron Rodgers is a future Hall of Fame quarterback. He’s joined Tom Brady in taking a cryptocurrency promotion deal. Aaron Rodgers, the Green Bay Packers quarterback and three-time NFL MVP, announced today that he’s the latest professional athlete to take a portion of his salary in Bitcoin. The deal is part of a partnership with money transfer service…
Uptober is over, but as Zhu Su tweeted earlier on Nov. 1, the crypto market rally could extend through Upvember, Upcember and beyond. The month of October was stellar for Bitcoin (BTC) and Ether (ETH), primarily because each hit new all-time highs. And even though the prices are consolidating now, traders are still wildly bullish. Uptober, Upvember, Upcember — Zhu…
The rollout of the world’s second central bank digital currency, or CBDC, is off to a rocky start. Last week, Nigeria rolled out its eNaira CBDC after the Bahamas became the first country in the world to launch theirs, known as The Sand Dollar, the year prior. In a statement quoted by local news outlet The Nation, Central Bank of…
The Bitcoin stock-to-flow (S2F) model created by pseudonymous analyst PlanB, which analyzes the supply dynamics of Bitcoin and its scarcity enforced by the protocol’s halving of miner rewards every four years, is predicting a monthly close of around $98,000 for November. According to PlanB, his model’s predictions have actualized — for the most part. The analyst shared that both August and September…
November 1, 2021 Cycling On-Chain is a monthly column that uses on-chain and price-related data to better understand recent bitcoin market movements and estimate where we are in the cycle. This sixth edition discusses the impact of the newly launched futures ETFs, last month’s all-time high, sell pressure from miners and long-term bitcoin holders, retail activity and concludes with the…
The Presidents Working Group on Financial Markets, or PWG, has released a report suggesting that stablecoin issuers in the United States should be subject to appropriate federal oversight akin to that of banks. A Nov. 1 U.S. Treasuryreport from the group with the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation said Congress should act promptly…
Green Bay Packers legend, quarterback Aaron Rodgers, announced today on Twitter that he has partnered with Cash App to take a portion of his NFL salary in bitcoin. Rodgers also shared that he’s giving out $1,000,000 in bitcoin to his fans in the comment section of his announcement. Rodgers did not share any details on how much of his salary…
