In an announcement made on Wednesday, China’s official Xinhua News Agency will issue its first series of NFT collectibles. The move is a thumbs up to blockchain technology previously shunned by the People’s Republic of China (PRC). In an official notice, Xinhua plans to publish 10,000 copies of 11 photos taken by journalists in 2021. The stride into NFTs is…
Month: December 2021
Kraken Exchange Grows its Crypto Staking Business With Staked Acquisition
Kraken, a major American crypto exchange, has announced the acquisition of Staked, a non-custodial staking platform that enables investors to compound their holdings in digital assets issued on proof of stake blockchains. The terms of the deal are not publicly disclosed, however, according to Kraken, it is “one of the largest deals in the history of crypto”. “This acquisition perfectly…
Missed out on hot crypto stocks in 2021? It paid just to buy Bitcoin and Ethereum, data shows
Bitcoin (BTC) may have fluctuated in price this year, but BTC remains a better play than the biggest crypto stocks. New data currently circulating shows that for all the growth in the industry surrounding Bitcoin, it still pays simply to buy and hold. Stocks fail to compete with BTC, ETH Looking at the stock performance of firms with the largest…
Game Developers GSC Game World and Ubisoft Face Backlash About NFT Inclusion – Bitcoin News
GSC Game World and Ubisoft, two game development companies, are dealing with backlash about the inclusion of NFT elements in some of their games. While GSC Game World — developer of the popular Stalker gaming franchise — has abandoned its plans in this regard, Ubisoft is pushing forward and has announced a partnership with Aleph.im to store images from its…
UK Advertising Watchdog Bans Arsenal FC’s ‘Irresponsible’ $AFC Token Ads
The UK’s Advertising Standards Authority has banned two advertisements for Arsenal FC’s $AFC fan token, claiming the soccer club was misleading fans over the risks associated with cryptocurrencies. The ASA said the adverts “trivialised investment in cryptoassets and took advantage of consumers’ inexperience or credulity” and “failed to illustrate the risk of the investment,” as well as not making it…
Bitcoin nears $50K — here are the BTC price levels to watch next
Bitcoin (BTC) neared $50,000 on Dec. 22 as hopes began to appear that the price correction could be over. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Get bullish once $50,500 breaks — analyst Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $49,600 on Bitstamp — its highest since Dec. 13. A cross-crypto boost from turmoil in the…
Central Bank of Argentina Scrutinizes Companies Offering ‘Extraordinary Returns’ on Crypto Asset Investments – Bitcoin News
The Central Bank of Argentina has announced it is making inquiries regarding cryptocurrency investment companies. Specifically, the bank stated they are investigating companies that are offering extraordinary returns with cryptocurrency investments, which are not reasonable. These companies could be operating as Ponzi schemes, according to the bank, and it is currently examining the possibility of taking legal action against them.…
Elon Musk thinks Neuralink is better than Metaverse in long term
Tesla and SpaceX CEO Elon Musk showed no support for the Metaverse and Web 3 ecosystem as he dismissed the terms for being used as buzzwords and marketing tactics. “I don’t see someone strapping a friggin’ screen to their face all day,” said Elon Musk, Tesla and SpaceX CEO, in an interview with The Babylon Bee when asked about his…
El Salvador buys 21 Bitcoin to celebrate December 21, 2021
The government of El Salvador continues celebrating significant days by buying more Bitcoin (BTC), with president Nayib Bukele announcing a new purchase of 21 BTC on Tu. Worth around $1,036,000 at the time of writing, El Salvador’s latest BTC investment is to celebrate the “last 21st day of the year 21 of the 21st century” and commemorate the scarcity of…
Terra Protocol Surpasses Binance Smart Chain in Terms of Value Locked in Defi – Defi Bitcoin News
The total value locked (TVL) in decentralized finance (defi) has rebounded in fiat value after suffering some losses last week. Statistics indicate that the $248 billion TVL in defi has increased 3.46% during the last 24 hours and the blockchain Terra has overtaken the Binance Smart Chain in terms of TVL in defi. Terra Protocol’s Defi Value Swells, LUNA Taps…