In brief CXIP Labs launched CXIP DAO with the goal of letting creators control the NFT market instead of centralized marketplaces. CXIP says anyone who has ever minted an NFT on Ethereum can claim CXIP Tokens and join the DAO. Many artists bristle at control and limitations. And while some have turned to non-fungible tokens as a new revenue stream,…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. There’s a new paradigm unfolding among the large public bitcoin miners: They don’t want to sell their bitcoin, and they also want to…
Cryptocurrency exchange Binance has called for “global regulatory frameworks for crypto markets.” The company has also launched a “Crypto Is Evil” ad campaign featuring “10 Fundamental Rights for Crypto Users.” Binance Pushes for Global Crypto Regulation, Introduces ‘Crypto Is Evil’ Ads Cryptocurrency exchange Binance called for “global regulatory frameworks for crypto markets” Tuesday with a publication of “10 Fundamental Rights…
Ether (ETH) traders might have a few reasons to panic after today’s 13% drop down to $4,100. The swift pullback appears to have broken a 55-day ascending channel that had a target at $5,500. Ether/USD price at FTX. Source: TradingView Those not worried about technical analysis will understand that the cryptocurrency‘s 3.4% daily volatility justifies the 10% negative price swing.…
The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect promoter faces a maximum penalty of 20 years in prison. US Selling Crypto Worth $56M Seized From Bitconnect’s ‘Number…
The VanEck Bitcoin Strategy ETF (XBTF), which tracks the price of Bitcoin futures, launched today amid market turbulence that saw Bitcoin’s price dip below $60,000 for the first time in two weeks. The price of Bitcoin recovered slightly, reaching $59,966 by the time traditional markets closed at 4pm ET. In that time, VanEck’s XBTF saw 38,398 shares traded on its…
press release PRESS RELEASE. Shopping.io, an innovative crypto e-commerce platform, announces its first ever Crypto Tuesday event, taking place on Tuesday, November 30, 2021. Crypto Tuesday is the first-of-its kind discount event that happens online through the Shopping.io platform right after Black Friday and Cyber Monday. Shopping.io is an innovative way for consumers to shop for anything they want from…
The rehabilitation plan to compensate creditors from the now-defunct crypto exchange Mt. Gox is now finalized following confirmation from a Japanese court. According to a Nov. 16 announcement from Mt. Gox trustee Nobuaki Kobayashi, the rehabilitation plan originally filed in the Tokyo District Court in February is now “final and binding.” The confirmation order of the rehabilitation plan in Japan’s…
Synonym Software Ltd., a company founded by stablecoin issuer Tether Holdings Limited, officially launched on Tuesday, setting in motion a highly ambitious project to bring Bitcoin (BTC) transactions mainstream through an independent financial platform that utilizes the Lightning Network. Synonym’s stated goal is to enable self-ownership and control of crypto assets by creating an open financial ecosystem that utilizes Bitcoin…
In brief MLB star Shohei Ohtani has joined FTX as a global brand ambassador. The Angels player will be paid in cryptocurrency and receive equity in the company. Shohei Ohtani is a global icon: a popular baseball player who thrived in Japan before dominating in Major League Baseball over the last few seasons. Now he’ll lend that star status to…
