Bitcoin (BTC) has jumped to new 18-month highs — but holding its latest support is now key to avoid a “breakdown.” BTC/USD 1-week chart. Source: TradingView $35,000 decides Bitcoin range breakout validity Data from Cointelegraph Markets Pro and TradingView shows BTC price gains continuing into Nov. 2. BTC/USD hit $35,968 on Bitstamp after the daily close — its highest levels…
Switzerland’s St.Galler Kantonalbank (SGKB), one of the largest banks in the country, is moving into cryptocurrency by introducing Bitcoin (BTC) and Ether (ETH) trading to its customers. SGKB has partnered with the global cryptocurrency-focused bank SEBA to offer its clients digital asset custody and brokerage services. Announcing the news on Nov. 1, SGKB and SEBA said that the new crypto…
A wallet address turned nearly 1.9 million FTM worth $280,000 to $1.9 million within hours of exploiting the long-frozen Multichain Bridge opening momentarily, leading to insider job speculations among the crypto community. The Multichain Bridge, frozen since its exploit in July 2023, opened momentarily and closed again on Nov. 1. The wallet seized the opportunity of the momentarily opened bridge to…
Reacting to the rising attempts from bad actors to dupe crypto investors, the United Kingdom’s National Crime Agency (NCA) plans to form a specialized cryptocurrency and virtual assets team to counter the issue. The NCA posted a job opening on Nov. 4, looking to hire six individuals to create a new team focused on crypto crimes — which will either…
On November 2, Sky Mavis, the developer behind the popular monster-battle nonfungible tokens (NFT) game Axie Infinity, announced a partnership with Korean gaming studio Act Games, to bring a variety of Japanese video game franchises to its native Ronin blockchain. In an email seen by Cointelegraph, the partnership revealed that the first game to be bridged to Ronin is Zoids…
The Abu Dhabi Global Market (ADGM) Registration Authority has introduced comprehensive regulations governing Web3 organizations. The international financial free zone’s regulatory framework is “purpose-built” and the first of its kind, the agency claimed. The Distributed Ledger Technology (DLT) Foundations Regulations will provide for the operation of blockchain foundations, Web3 entities, decentralized autonomous organizations (DAOs) and traditional foundations expanding into DLT.…
Blockchain gaming firm Sky Mavis is working with Korean publisher ACT Games to bring all of ACT’s titles to the Ronin network. At first, the Axie Infinity creator will help ACT migrate its Android and PC trading card game (TCG), Zoids Wild Arena, to the Ethereum sidechain network. ACT Games is a publisher with a number of licensing deals with…
Elon Musk argued that NFT projects “should at least encode the JPEG in the blockchain,” to the delight of many Bitcoiners. Source: https://cointelegraph.com/public/index.php/news/elon-musk-slams-nfts-jpeg-url-argues-case-bitcoin-ordinals
While the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) will likely spike the price of Bitcoin, some analysts are concerned it won’t be enough to fully thaw the markets from its winter chill. On Oct. 24 Bitcoin staged its largest single day rally in over a year, surging more than 14% on the news that the ticker of…
While publicly mocking non-fungible token (NFTs) during a podcast, Tesla CEO and billionaire Elon Musk appears to have inadvertently highlighted the case for Bitcoin Ordinals, also known as Bitcoin NFTs. “The funny thing is the NFT is not even on the blockchain — it’s just a URL to the JPEG,” said Musk in an Oct. 31 released interview on The…
