Nearly every industry under the sun has started to notice non-fungible token (NFT) technology and on Wednesday, the media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, announced the launch of an exclusive NFT marketplace. According to the announcement, the market will produce licensed digital WWE tokens and collectibles that showcase WWE superstars and iconic moments. WWE…
In brief Shiba Inu yesterday overtook Dogecoin in terms of market cap. But Dogecoin today bounced backsurging 30% in 24 hours. Dogecoin today reclaimed its place as the top meme coinsurging 30% in 24 hoursafter briefly losing the throne to Shiba Inu yesterday. DOGEs sudden price uptick means it is now trading for $0.31, making it the ninth biggest cryptocurrency…
XDEFI Wallet, a browser-based service for DeFi and NFT assets, has officially integrated the layer-1 blockchain protocol Terra on its platform following a number of weeks of testing and development. With the addition of Terra, the platform now supports 9 blockchain networks including Bitcoin, Ethereum, and Polygon. It has also expressed intentions to incorporateSolana, Avalanche, and Arbitrum in the future.…
A yearlong price rally in the Bitcoin (BTC) market and hopes for more upside moves in the future has prompted traders to hold the token instead of trading it for other assets, Glassnode data shows. The blockchain data analytics service revealed Thursday that the total amount of “hodled or lost coins” reacheda nine-month high of over 7.21 million BTC. In…
Project Serum, a decentralized derivatives exchange for the Solana network, has launched a $100 million liquidity mining program as part of a broader effort to attract users to the ecosystem. The initial allocation was approved by Serums decentralized autonomous organization, or DAO, the project announced Thursday. The sum, paid out in Serums native SRM token, will be used as a…
On-chain data suggests a supply shock appears to have led the bitcoin price to surge over 50% in October. “There has been little profit-taking from long-term holders” of BTC, a new Kraken report found. Miners are also stockpiling bitcoin, helping create a supply shock fueling higher prices. A supply shock seems to have contributed to the BTC price appreciating by…
The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside the massive circulating supply of…
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Heres what to expect in this weeks markets news breakdown: After the markets news update, special guest Eric Balchunas discusses the recently launched Proshares Bitcoin Strategy ETF, what it means for the…
NFTs, or non-fungible tokens, are blockchain-based tokens that prove ownership and provenance of digital items such as images, video files and even physical assets. Theyve shot to prominence in the last year, with multi-million dollar sales of NFT artwork grabbing headlines, while Twitter has been overrun by NFT avatars like Bored Ape Yacht Club, CryptoPunks and Pudgy Penguins. Even big…
Cross-chain liquidity protocol THORChain has fully recovered from two summer exploits that compromised millions of dollars in user funds after the company announced Thursday that it had received passing grades in a new security audit. The simultaneous audits, which were carried out by cybersecurity companies Trail and Bits and Halborn, allowed THORChain to implement a five-step recovery plan. THORChains contributors…
