On Oct.4 and Oct. 5 Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to Apr. 22, or Nov. 15 depending on one’s style of technical analysis. Some traders might be feeling a bit celebratory now that price trades outside of the descending trendline, but have…
On Oct.4 and Oct. 5 Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to Apr. 22, or Nov. 15 depending on one’s style of technical analysis. Some traders might be feeling a bit celebratory now that price trades outside of the descending trendline, but have…
In this week’s newsletter, read about how Warner Music Group partnered with OpenSea to give artists a way to engage with their audiences. Find out how Tennis legend Maria Sharapova is exploring her growing interest in nonfungible tokens (NFTs) and check out how blockchain game Illuvium is trying to create an interoperable game. In other news, Meta enabled cross-posting for…
The website of crypto exchange OKX was blocked in Russia by the state media monitoring service Roskomnadzor on Oct. 4. The agency told the TASS news agency that the website was blocked “the request of the Prosecutor General’s Office for the dissemination of unreliable socially significant information of a financial nature.” Roskomnadzor told local news outlet RBC that OKX had…
The non-fungible token (NFT) and blockchain firm Yuga Labs has announced a community council will be representatives of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFT collections. Yuga Labs has chosen seven community members with “a proven track record” to represent the NFT club at large. Yuga Labs Names Seven Community Council Members On Wednesday,…
In brief Ethereum NFTs belonging to Three Arrows Capital through its Starry Night Capital fund are now in the possession of liquidator Teneo, the firm said. Starry Night Capital spent tens of millions of dollars acquiring high-value NFTs, such as Art Blocks, CryptoPunks, and Rare Pepe assets. After expensive Ethereum-based NFTs belonging to crypto hedge fund Three Arrows Capital were…
Bitcoin (BTC) showed strength on Oct. 4 and Oct. 5, posting a 5% gain on Tuesday and breaking through the $20,000 resistance. The move liquidated $75 million worth of leverage short (bear) positions and it led some traders to predict a potential rally to $28,000. $BTC #Bitcoin Shared this descending channel 2 days ago.$BTC has managed to break through the…
A proposal out of Stanford University to make crypto transactions reversible is adding a wrinkle to discussions of crime and fraud prevention. Researchers suggested that mutability — the ability to reverse blockchain transactions — would help prevent crime. One of the advantages of cryptocurrency is that it is possible for the market — individuals, traders and banks — to decide…
Representatives from a committee with the European Council have moved forward with regulating digital assets in the EU through the Markets in Crypto-Assets, or MiCA, framework, sending the finalized text to parliament for a vote. According to an information note on Oct. 5, the European Council’s Permanent Representatives’ Committee approved the MiCA text and sent it to the chair of…
Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower than the high it reached on October 3. EMAX Token Markets Wake Up From Lifeless Slumber…
