Bitcoin (BTC) may be battling for $50,000, but its latest move could prove to be the “ultimate” tool to make bears pay.In a tweet on Oct. 5, popular trader and analyst Rekt Capital described the most recent BTC price action as the “ultimate bear trap.”Analyst predicts more suffering for Bitcoin bearsAfter reaching $50,000 for the first time in a month…
press release PRESS RELEASE. SINGAPORE — EnjinStarter, a launchpad for blockchain games, has announced a strategic partnership with Enjin to accelerate growth of the Enjin ecosystem. EnjinStarter helps games and apps leverage Enjin’s non-fungible token (NFT) technology and infrastructure, specifically the gas-free JumpNet blockchain and Efinity, an upcoming Polkadot-based NFT parachain. EnjinStarter has secured a seed investment from Enjin and…
Sky Mavis, the studio behind the popular Axie Infinity non-fungible token (NFT) game has announced a fresh round of funding for the company.In a statement issued on Tuesday, Sky Mavis announced that it had closed a $152 million Series B funding round.According to the announcement, notable crypto and blockchain investors like global exchange giant FTX, venture capital fund Andreessen Horowitz…
The Nigerian High Court that is presiding over the e-naira trademark infringement case brought against the Central Bank of Nigeria (CBN), has ruled that Central Bank Digital Currency (CBDC) “may proceed on national interest” considerations. The ruling clears a crucial legal hurdle for CBN’s yet to be rolled out digital currency. CBN’s Alleged Trademark Infringement As previously reported by Bitcoin.com…
Bitcoin (BTC) hit $50,000 for the first time in a month on Oct. 5 as a triumphant return to form continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price hits one-month highData from Cointelegraph Markets Pro and TradingView showed BTC/USD adding another 5% Tuesday to briefly return to the psychologically significant price point.The latest success of Bitcoin’s “Uptober,” bears were swept aside…
Link Global Technologies, a Bitcoin (BTC) mining company listed on the Canadian Securities Exchange, is facing major potential penalties for operating unauthorized power plants in the province of Alberta.The Alberta Utilities Commission (AUC), the province’s power utility regulator, issued Sept. 24 another enforcement submission against Link Global, with enforcement staff recommending several penalties for violations of Alberta’s legislative requirements.According to…
Bitcoin (BTC) is officially the best performing asset of 2021, data now confirms. As October delivers 15% gains in five days, BTC firmly outperforms macro assets worldwide to seal year-to-date returns of just under 50%.Bitcoin hodlers up 49% year-to-dateDespite Bitcoin’s wild ride throughout the year, downside has failed to grip the market, with a 60% retracement from highs in May…
Bitwage, the pioneer cryptocurrency-based payroll and invoicing company, has raised $1.5 million in its latest funding round. The funding round had participation from Draper Associates and Max Keiser’s Heisenberg Capital, using Bnktothefuture, a platform designed for making online investments. Bitwage will use these funds to extend its functionalities, now that it is facing competition from Coinbase, which launched a similar…
Circle, the company behind the world’s second-largest stablecoin USD Coin, has been subpoenaed by the U.S. Securities and Exchange Commission (SEC).According to an Oct. 4 regulatory filing from Circle, the SEC issued an “investigative subpoena” from its Enforcement Division in July.Circle, which is behind the USDC stablecoin, stated that it would be fully cooperating with the regulator after receiving the…
On October 1, the global esports firm TSM FTX announced the launch of the organization’s first-ever non-fungible token (NFT) collection in partnership with the Solana blockchain-based NFT game Aurory. TSM FTX Collaborates With Solana and Serum-Powered Blockchain Game Aurory During the first week of June, FTX Trading Limited, revealed the crypto company inked a naming rights deal with the U.S.…
