ApeCoin is soaring today, up over 6% in the last 24 hours, according to CoinMarketCap. APE spiked late last night, hitting a price of nearly $27. Since then, the token has shed some of those gains and is now trading hands at just under $22. The recently-launched cryptocurrency fuels the ApeCoin DAO, the unofficial decentralized autonomous organization tied to the…
The U.S. Department of Labor has “grave concerns” over the inclusion of crypto, including Bitcoin, in American retirement accounts. Days after Fidelity opened its retirement accounts to Bitcoin, the acting assistant secretary of the Employee Benefits Security Administration (EBSA) Ali Khawar told the Wall Street Journal, “we have grave concerns with what Fidelity has done.” The EBSA is an agency…
Collections of South Africa’s fine wines were recently sold as non-fungible tokens (NFTs) with one lot being sold for $79,000. Immediately following the auction, two lots were reportedly paid for using bitcoin. Lots Exceed Estimates Collections of fine wines made by some of South Africa’s leading producers have been sold as non-fungible tokens (NFTs) in what has been described as…
Bitcoin (BTC) stayed rangebound on April 29 as a welcome retracement saw the U.S. dollar come down from 20-year highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $40,600 as “crucial” breaker Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hugging support near $39,300 after failing to hold $40,000. The pair had managed some modest upside despite a…
The publicly listed bitcoin miner Riot Blockchain has announced the company has started development on a 1 gigawatt (GW) bitcoin mining facility in Navarro County, Texas. The development of 400 megawatts (MW) of capacity has been initiated on the 265-acre site and the team hopes to have bitcoin mining and hosting capabilities online by next year. Riot Is Developing a…
The hash rate of the Bitcoin (BTC) network hit a new ATH, even when the price of the top cryptocurrency struggled to get past the $40,000 mark. The network’s hash rate hit a new record high of 258 EH/s on Thursday before settling around the 220 EH/s mark. The recent rise in the BTC network hash rate signifies the growing number…
OneFootball, a German football media application, has raised $300 million in a Series D round to grow the company’s presence on Web3 and develop new features on its platform. According to a Thursday announcement, OneFootball and nonfungible token (NFT)-centric Animoca Brands created a joint venture called OneFootball Labs. The new platform will “enable clubs, leagues, federations and players to provide…
Governments around the globe have also become more aware of the crypto market and the various ways in which it can be regulated. Despite a growing adoption rate and involvement of mainstream financial giants, however, naysayers continue to portray crypto as a tool for miscreants and criminals. Several crypto platforms and decentralized finance (DeFi) protocols have been compromised over the…
The native tokens of move-to-earn lifestyle app STEPN swung higher on news that they would be available to trade on Coinbase, a U.S.-based crypto exchange. The price of STEPN’s governance token Green Metaverse Token (GMT) rallied by nearly 20% to reach over $4 in the past 24 hours, hitting as high as $4.50, its best level to date. GMT/USD four-hour price…
The capital of Argentina and an agglomeration with more than 12 million citizens, Buenos Aires will make blockchain a vital part of its digitalization drive. Specifically, the city will accept public financial transactions in crypto. As city Mayor Horacio Rodríguez Larreta revealed in his Steve Jobs-styled presentation on April 25, the 12-step development plan titled “Buenos Aires +” envisions a…
