Crypto-social platform Rally has earmarked $12 million for external developers to improve the functionality of the ecosystem, potentially setting the stage for new innovations that would benefit creators. The grants program will be distributed through RLY tokens, the native cryptocurrency of the Rally ecosystem, the company announced Friday. A community-elected developer council controls $5 million worth of RLY, giving it…
In brief Reddit is building its own NFT platform, as revealed via a job posting. The online discussion community is also working on scaling its Ethereum-based crypto token rewards program. Popular online discussion community Reddit is planning to build its own platform for users to buy and sell NFTs, according to a job listing posted by the company. Reddit is…
But others, like Arca CEO Rayne Steinberg, had mixed feelings about the events. While pleased that a much-awaited crypto investment vehicle finally received regulatory approval ending eight years of futility on the part of U.S. fund issuers he had some misgivings about the product that finally met the approval of the SEC, specifically the fact that it was futures-based and…
The second Bitcoin (BTC) futures-linked exchange-traded fund in the United States began trading on the Nasdaq, opening at a price of $25.52 per share. According to the Nasdaq, digital asset manager Valkyries Bitcoin Strategy ETF, the second exchange-traded fund allowing U.S. investors direct exposure to cryptocurrency futures, opened at a price of $25.52 per share of BTF before dropping 3.3%…
Walmart has started a pilot program to bring bitcoin purchasing capabilities to Coinstar kiosks in some of its U.S. stores. The pilot is part of a broader partnership between Coinstar and Coinme to offer BTC at over 8,000 kiosks, 200 of which are in Walmart stores. “Walmart expands Bitcoin access to more people…and gives it further legitimacy among skeptics,” brokerage…
In brief Tyler Hobbs is a visual artist who uses algorithms to create art. Hobbs’ Fidenza #313, also known as “The Tulip,” sold for $3.3 million. His new release, Incomplete Control, runs from December 9th to 12th in New York City. There is no doubt that NFTs are hot. The trading volume of the blockchain-based collectibles surpassed $10.67 billion in…
According to reports, tech billionaire Peter Thiel — the co-founder of Paypal and Palantir — spoke about bitcoin at an event hosted in Miami. At the time, bitcoin had just surpassed its all-time price high and Thiel said “you’re supposed to just buy bitcoin” and added, “I feel like I’ve been underinvested in it.” Peter Thiel Postulates Meeting Satoshi Nakamoto…
Bitcoin (BTC) trading volumes on global payment service provider PayPal reached $145.60 million on Wednesday, just as the benchmark crypto rallied toward its record high near $67,000.The latest spike in volumes came out to be the highest since the May 19 Bitcoin price crash from around $43,500 to as low as $30,000. On the day, some $304 million worth of…
Valkyrie is launching the second Bitcoin futures exchange-traded fund (ETF) in the U.S., the company announced on Friday. Valkyries Bitcoin Strategy ETF is set to trade on the Nasdaq under the ticker BTF and will track the value of Chicago Mercantile Exchange (CME) Bitcoin futures. Futures contracts are financial contracts the value of which depends on, or is derived from,…
Amid the ongoing rally of Binance’s native token, Binance Coin (BNB), the developers of Binance Smart Chain (BSC) have proposed more measures to maintain the token’s deflationary model and improve its intrinsic value.According to a new Binance Evolution Protocol, BEP-95, BSC developers are considering introducing a real-time burning mechanism for a portion of gas fees to reduce BNB supply and…
