Bitcoin (BTC) chopped and changed on Nov. 18 but held a critical support level to preserve the chance of new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $90,000 remains on the table Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged between $59,000 and $60,000 Thursday, seeing $1,000 swings in minutes. With the pair’s overall…
intermediate ICON Overview: How Does It Work? ICON is a decentralized blockchain network created for communication between individual communities and blockchains. The main goal of the ICON team is to provide a decentralized framework for web applications of companies from a variety of industries. ICX tokens belong to the ERC-20 standard. Several independent blockchains are operating on the site. The…
NBA basketball team the Houston Rockets has partnered with NYDIG, a leading bitcoin solutions provider, to be the team’s official bitcoin services partner. The deal will provide the team with cryptocurrency-related opportunities and give NYDIG exclusive exposure in the team’s social, digital, and arena platforms. The full amount of the sponsorship, which was not disclosed, is being paid in bitcoin.…
Without a doubt, 2021 has been a momentous year for nonfungible tokens (NFT). The nascent market has seen unprecedented growth as sales volume from January to date nears $10 billion — a 14,500% surge from 2020. The NFT marketplace OpenSea is responsible for processing a great chunk of that. OpenSea controls a majority of NFT sales and has processed more…
Cryptocurrency transactions are now subject to tax laws in Argentina, per the Buenos Aires Times. The Argentine government published a decree yesterday that meant crypto transactions are now subject to the country’s credits and debts tax laws. The decree reportedly aims to clarify—and limit—tax exemptions granted to third-party payment service providers. The new rules also confirm that crypto transactions are…
OpenSea’s massive year may have just gotten a bit bigger. Initial reports from The Information indicate that the NFT platform is currently preparing for another round of funding. The news outlet reported that the crypto firm’s new valuation would be a whopping $10 billion. Investors in this round are unnamed, and OpenSea has yet to respond for comment at press…
About the author Steven Kelly is a Research Associate at the Yale Program on Financial Stability. Follow him on Twitter @StevenKelly49. How should stablecoins be backed—by cash, or other assets too? This question about stablecoin reserves has been the subject of fierce debate among policy makers and crypto executives. Yet a long-awaited report on stablecoins barely addressed the topic. The report,…
Graphics card manufacturer Nvidia launched a dedicated line of Crypto Mining Processor (CMP) cards at the start of the year—but sales of CMPs have slumped by 60% in the last quarter. Sales revenue from Nvidia’s crypto mining products dropped from $266 million in the second quarter of the year to $105 million in the third quarter, according to the company’s…
Boson Protocol is a decentralized commerce protocol that seeks to enable the sale of physical goods, services and experiences in the Metaverse as nonfungible tokens (NFTs), and hopes to provide an infrastructure layer for exchanging assets of non-monetary value. For example, an NFT of a pair of sneakers bought using the Boson Protocol in the Metaverse would then be redeemable…
A Hamilton, Ontario youth has been arrested for being involved in a much larger cryptocurrency theft worth $46 million CAD ($36 million USD). The individual was specifically arrested for the theft of over $5,000 CAD, as well as possession of property or proceeds of property obtained by criminal activity. The $36 million case, which is now before the courts, began…
