Category: Cryptocurrency

Jan 07
GameStop shares jump 26% in after hours trade after NFT division unveiled

GameStop has reportedly hired 20 members for its new NFT division, and is close to securing partnerships with two crypto firms for NFT game development. 6703 Total views 73 Total shares The share price of Reddit’s cult-favorite stock GameStop Corporation (GME) jumped by one quarter (in after-hours trading following a Wall Street Journal report on […]

Jan 07
SEC files complaint against operator of 'unregistered' $33M Crowd Machine ICO

ICO tokens from Crowd Computer were sold to Americans as “investment contracts” according to the SEC’s complaint, which classifies them as securities. 1460 Total views 51 Total shares The United States Securities and Exchange Commission (SEC) has filed a suit against Australian Craig Derel Sproule for the allegedly “fraudulent and unregistered” sale “of digital asset […]

Jan 07
Vitalik proposes new ‘multidimensional’ Ethereum fee structure

Calculating different gas prices for different resource usage may streamline the current fee structure for Ethereum according to Buterin. 53 Total views 3 Total shares Ethereum co-founder Vitalik Buterin has put his thinking cap on again in an attempt to improve the current fee structure for the network. The proposal titled “Multidimensional EIP-1559” was laid […]

Jan 06
Bitcoin fills $42K December price wick as analyst says ‘party just getting started’

Bitcoin (BTC) delivered fresh volatility on Jan. 6 as rangebound behavior saw its first shake-up in weeks. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Open interest remains high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping overnight to hit $42,000 for the first time since December. Although not the upside breakout that many had […]

Jan 06
Hong Kong real estate giant leads $90M raise for crypto bank Sygnum

Sun Hung Kai reportedly became the biggest seller of new homes in Hong Kong in January 2022. 2074 Total views 32 Total shares Sun Hung Kai, one of the largest property developers in Hong Kong, continues betting on the cryptocurrency industry by investing in Swiss crypto outfit Sygnum. Sygnum officially announced Thursday that it had […]

Jan 06
Billionaire Ray Dalio recommends ‘reasonable’ 1%–2% Bitcoin allocation

Newly minted Bitcoin supporter Ray Dalio agrees that Bitcoin should make up a small percentage of investors’ portfolios in 2022. 6176 Total views 61 Total shares Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is “impressive.” In a recent interview with The Investors Podcast, he talked […]

Jan 06
Ethereum plunges 13%, down more than Bitcoin after Fed spooks crypto markets

Ethereum’s native token, Ether (ETH), plunged sharply hours after the United States Federal Reserve released the minutes of its December meeting, showing that it eyes a faster timetable for hiking interest rates in 2022. The minutes showed that the Federal Open Market Committee (FOMC) is in favor of raising short-term rates “sooner or at a faster pace […]

Jan 06
Polygon network activity spikes as NFT sales reach new height

Polygon’s NFT market continues to attract users, though the demographic is more aligned to gaming companies and developers than collectibles as on the Ethereum network. 919 Total views 25 Total shares The number of nonfungible tokens (NFT’s) sold on the layer-two protocol Polygon reached an all-time high last month at just short of 2 million.  […]

Jan 06
Nifty News: Rarible fixes bug, real home and virtual twin auction, Mega City in The Sandbox

NFT marketplace Rarible temporarily cancelled orders from OpenSea and sent a series of tweets today outlining how it plans to help combat what it called “risky sale orders” on OpenSea with a new order management tool. The tool is designed to help users differentiate between their active and inactive orders to help prevent their NFTs […]

Jan 04
Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

China’s crackdown on crypto mining has allowed Kazakhstan to quickly fill the void by offering cheap fuel and a welcoming business environment. 1673 Total views 17 Total shares Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country.  The […]