NFT-loving rap legends Snoop Dogg and Eminem have today released a music video featuring animated versions of their Bored Ape Yacht Club (BAYC) avatars. The song is called “From The D 2 The LBC” and the video opens with a shot of Eminem preparing to record a take in the booth. “Yo, why’s it so smoky in here man?!” he…
Bitcoin (BTC) headed toward the upper end of its trading range on June 24 as optimism crept back into traders’ forecasts. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price “ready for $23,000” Data from Cointelegraph Markets Pro and TradingView tracked a broadly stable BTC/USD as it hit local highs of $21,425 on Bitstamp. The pair had shifted higher since…
On June 27, Coinbase Derivatives Exchange (formerly Fairx exchange) announced it will launch its first crypto derivatives investment vehicle pegged to the value of 1/100th of a bitcoin. The new “nano bitcoin futures” product will be listed under the ticker “BIT.” Coinbase derivatives are regulated by the Commodity Futures Trading Commission (CFTC). Coinbase Introduces BIT, a Futures Product Tied to…
The Bitcoin network’s power consumption has fallen to 11 GW as of yesterday, down 27% from 15 GW in April, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI). The index, which estimates the amount of power used by Bitcoin miners, is maintained by the Cambridge Centre for Alternative Finance (CCAF). The CCAF estimates prices by determining a hypothetical maximum…
Sky Mavis, the developer behind the play-to-earn video game Axie Infinity said that it’s preparing to re-open the Ronin bridge that fell victim to a $552 million hack in March. The re-opening of the Ronin bridge, which was used by players to transfer assets between the Ronin chain and the Ethereum network, is planned on June 28th, “with all user funds…
Bitcoin edged marginally higher on the last Friday of the month, breaking out of its recent resistance of $21,100 in the process. ETH was also in the green during today’s session, climbing by nearly 5% to move past a price ceiling of its own. Bitcoin Following a turbulent week of trading, BTC was once again higher on Friday, as prices…
Central bank digital currencies (CBDC) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive believes. According to Mikkel Morch, executive director at the digital asset hedge fund ARK36, a state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a…
The world’s largest crypto exchange, Binance, has announced the launch of Binance Institutional, a new suite of trading services aimed at institutions, crypto platforms, family offices, high-net worth individuals, crypto miners, asset managers and hedge funds. The new platform offers a plethora of services for its high-rolling clientele, including execution and over-the-counter (OTC) services–like instant crypto pricing and algorithmic trading,…
Cristiano Ronaldo, one of the world’s top-earning athletes, has entered into a partnership with Binance which gives his supporters a chance to join the footballer’s Web3 community. According to Ronaldo, his partnership with Binance is “going to change the non-fungible token (NFT) game and take football to the next level.” Iconic Piece of Sports History The Portuguese celebrity footballer, Cristiano…
press release PRESS RELEASE. INTERNET CITY, DUBAI, Jun. 24, 2022 – LBank Exchange, a global digital asset trading platform, has listed GRN (G) on June 24, 2022. For all users of LBank Exchange, the G/USDT trading pair is now officially available for trading. The blockchain industry has been a source of contention due to its wasteful use of power and…
