In brief Dapper Labs’ Caty Tedman spoke about the success of NBA Top Shot and sports NFTs at today’s Yahoo Finance event. She now gets “very little resistance” from sports leagues about the viability of NFT collectibles. It’s been just one year since Dapper Labs launched NBA Top Shot, the online collectibles marketplace that arguably kicked off the first mainstream…
The cryptocurrency market is abuzz on Oct. 25 as the sight of multiple altcoins hitting new all-time highs and Bitcoin’s (BTC) return to $63,000 has traders looking for a resumption of the bullish uptrend. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over…
As people lose confidence in the government institutions, bitcoin could benefit and rise to become the world’s reserve currency, Senator Rand Paul said. “I’ve started to question now whether or not cryptocurrency could actually become the reserve currency of the world as more and more people lose confidence in the government,” he said. Senator Paul has never publicly endorsed any…
Interest from Wall Street in Bitcoin is growing, having tripled since the beginning of the year, DA Davidson’s analyst said. Analyst Christopher Brendler estimates that three times as many Wall Street brokers that cover the payments sector are taking bitcoin seriously now than in January. DA Davidson recently started researching the industry and is bullish on BTC miners in the…
Smart contract ecosystem Near Protocol has earmarked $800 million for new funding initiatives aimed at growing its decentralized finance capabilities, offering the latest evidence that the highly lucrative DeFi market is still in its infancy. The new funding, which includes the $350 million grants program announced by Proximity Labs last week, gives ecosystem developers added incentive to create new product…
In brief Solana (SOL) hit an all-time high price above $219 today, per CoinGecko. Last months network outage apparently slowed Solanas momentum after a massive price increase in August. Solanas late summer surge was interrupted by Septembers network outage, which appeared to slow the smart contract platforms upward momentum. But with the overall crypto market on the rise, Solana is…
Bitcoin (BTC) price hurtled towards $64,000 in a fresh round of bullishness on Oct. 25 as the market left a weak weekend behind. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin daily gains near 7% Data from Cointelegraph Markets Pro and TradingViewconfirmed solid 6.5% gains for BTC/USD in the past 24 hours to 4pm UTC Monday. The pair erased its…
In brief The price of Bitcoin hit an all-time high last week before dipping again on Friday. But today it is racing upwards againup 6% in the past 24 hours. Bitcoin is climbing againup 6% in 24 hoursafter having slowed down with its monumental climb last week. At the time of writing, it was trading at $63,609.41, according to CoinGecko.…
During the last few weeks, a project called Worldcoin has been the subject of numerous headlines and speculation. Worldcoin launched on October 21 and aims to be a universal basic income (UBI) crypto asset that gives free tokens to accounts that are verified with a biometric eye scan. The project has privacy advocates reeling and whistleblower Edward Snowden slammed the…
About the author Nathan Tankus is Research Director at the Modern Money Network and writes the newsletter Notes on the Crises. He has also written for the Financial Times, Business Insider, The Guardian, The Appeal, The American Prospect and JSTOR Daily. The views expressed here are his own and do not necessarily represent those of Decrypt. Editor’s note: A longer,…
