Bitcoin (BTC) continues to face a tough battle near the psychological level of $20,000 as the bulls and the bears attempt to assert their supremacy. Trading firm QCP Capital said in their latest market circular that funding rates on derivatives markets were stable and bearish conditions were fading. Another ray of hope for the Bitcoin bulls is that Bitcoin miners…
A first look at actor Bill Murray’s upcoming Ethereum NFT project with The Chive and Project Venkman. Source: https://decrypt.co/videos/interviews/HUlw39aG/the-bill-murray-1-000-nft-project-reveal-trailer
The Canadian operations of Big Four auditor Klynveld Peat Marwick Goerdeler, or KPMG, may have a role to play in institutions entering the crypto space, according to two team members. Speaking to Cointelegraph at the Collision conference in Toronto on Tuesday, Kareem Sadek and Kunal Bhasin of KPMG Canada’s crypto assets and blockchain services team said the company had added…
Shopify is leaning into NFTs as the future of e-commerce. The online shopping giant, which allows small businesses to create custom e-commerce shops, is launching NFT-gated storefronts as a new feature for brands looking to make their stores more exclusive, Shopify announced Wednesday. “Invite your community into a world that recognizes and rewards loyalty,” a narrator says in Shopify’s announcement…
The Ontario Securities Commission, or OSC, issued financial penalties against Bybit and Kucoin, claiming violations of securities laws and operating unregistered crypto asset trading platforms. In a Wednesday announcement, the Ontario regulator said it had obtained orders fining Kucoin more than $1.6 million and banning the exchange from participating in the province’s capital markets. In a separate decision, the OSC…
In brief Actor Bill Murray will launch an Ethereum NFT project in July. The NFTs include artwork, stories from his life and career, and access to events and a Discord community. Bill Murray has a lot of stories—and there are a lot of stories out there about Bill Murray. Some are from the actor’s nearly five-decade entertainment career, from “Saturday…
Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s over-the-counter (OTC) operation TPS Capital pitched a GBTC arbitrage opportunity before the company reportedly failed to meet margin calls.…
Earlier this week, Meta also announced it would join with other tech companies to create a metaverse standards body. Source: https://cointelegraph.com/news/meta-set-to-begin-testing-nfts-on-instagram-stories-with-sparkar
The explosiveness and high dollar value of nonfungible tokens (NFTs) seem to either distract investors from upping their operational security to avoid exploits, or hackers are simply following the money and using very complex strategies to exploit collectors’ wallets. At least, this was the case for me way back when after I fell for a classic message sent to me…
EBay and KnownOrigin announced in a joint statement today that the e-commerce giant has acquired the NFT marketplace for an undisclosed sum. CEO Jamie Iannone said last year that his company was exploring crypto payments and looking at NFTs, which became available on eBay in May 2021. The move comes among a number of NFT marketplace acquisitions. Just yesterday, Uniswap…
