In brief Shopify CEO Tobias Lütke has been a long-time crypto supporter. Shopify provides online shopping tools to millions of merchants. Lütke’s appointment is expected to become official later this month. Coinbase announced on Monday that Tobias Lütke, who leads the ecommerce giant Shopify, will be joining its board of directors. In a blog post, Coinbase CEO Brian Armstrong touted…
sponsored Following a series of record-breaking IDO’s and recent listings on two of the world’s biggest crypto exchanges Huobi Global and KuCoin, Ertha Metaverse has emerged as one of 2022’s highest trending Play-to-Earn games. According to CryptoRank, Ertha ranked 2nd in its list of the ‘Most Searched Play-to-Earn Tokens’ during a 30 day period. The project generated an incredible 52,290…
Bitcoin (BTC) is heading for its worst January performance in four years — could all not be what it seems? Data from on-chain analytics resource Coinglass shows January 2022 to be the least profitable since the peak of Bitcoin’s last halving cycle. Investors, however, are still waiting for a “blow-off top.” Will Bitcoin see a rare “red” February? Against practically…
Blockchain can’t be separated from crypto in a progressive manner because extracting blockchain from crypto diminishes the former to a glorified database, leaving all the exciting opportunities out, Turkish law expert Elçin Karatay told Cointelegraph. As a country that saw Bitcoin (BTC) hit an all-time high on a very different date than the rest of the world, Turkey’s efforts on…
Nicolas Pouard, an executive at Ubisoft, one of the leading videogame companies in the entertainment world, has issued his take on the backlash from gamers regarding the inclusion of NFTs in traditional franchises. The VP at Ubisoft’s Strategic Innovations Lab stated that this reaction could be due to a lack of awareness of the benefits that the inclusion of non-fungible…
Salvadoran President Nayib Bukele made yet another bullish Bitcoin (BTC) prediction soon after the International Monetary Fund had urged his government to remove Bitcoin’s status as legal tender. Bukele took to Twitter on Monday to predict that Bitcoin will ultimately see a “gigantic price increase” due to its limited supply of only 21 million digital coins. The president cited Bitcoin’s scarcity case,…
Crypto exchange Binance has restricted a total of 281 personal accounts belonging to Nigerian users, per Reuters. Binance CEO Changpeng Zhao (CZ) reportedly told these customers in a letter that the decision was made to ensure user safety—but also at the request of international law enforcement authorities. “Currently, we have resolved 79 cases and continue to work through others. All…
Ethereum’s native token Ether (ETH) will extend its 30% slump this year to the lowest price level since July 2021, if a textbook technical indicator plays out. Ethereum chart paints bearish pattern ETH’s price fell to its six-month low of $2,159 on Jan. 24, 2022, only to rebound sharply to as high as $2,724 days later. However, this created a…
Cryptocurrency exchange BitMEX today published the lightpaper for its native token called BMEX ahead of its launch tomorrow. BMEX will be airdropped starting from February 1, with the welcome promotion offering both new and existing verified customers a chance to collect the airdrop through the subscription to BitMEX EARN, the platform’s passive earning product. Other ways to collect the BMEX…
A former Bank of Japan (BOJ) official who reportedly headed the digital currency research is now advising against its use. According to a report published in the Japan Times, Hiromi Yamaoka, the former head of the BOJ’s financial settlement department, advised against using the digital yen as a part of the country’s monetary policy. Yamaoka’s biggest concern lies with the…
