Monthly Archives: February 2021

In the end, do NFTs even matter? Linkin Park rapper joins celebrity NFT mania

Rap-rock icon Mike Shinoda is just the latest in a string of celebrities toying with NFT tech Mike Shinoda, the musician and co-founder of rap-rock band Linkin Park, launched an auction on Rarible last night for “Zora,” a nonfungible token (NFT) music clip from a forthcoming song. In doing so, Shinoda joins an ever-growing throng of celebrities and influencers who are dipping their toes into NFT tech — and bringing their considerable fanbases along for the ride.  Late last night Shinoda revealed the drop with a short […]

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Bullish $10K Ethereum call options excite traders but there’s a catch

December’s $10,000 Ethereum calls options have started to pick up volume, but are traders really expecting ETH to reach this level? Ether’s (ETH) $10,000 Dec. 31 call options recently came under the spotlight after surpassing $15.2 million in open interest (8,400 contracts). These instruments give the buyer the right to acquire Ether at a future date for a fixed price and the seller is obliged to honor it. For this right, the buyer pays an upfront fee (premium) to the call option seller. For this reason, call […]

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Bitcoin Bull-Run Boosts Sales of a French Premium Wine Retailer Despite the Coronavirus Pandemic

A French wine trading firm has been favored by the recent crypto bull-run, specifically with the bitcoin prices surging across the board. Despite the pandemic, Lasserre & Papillon is making good numbers after founding BTC Wine. BTC Wine Was Launched During the 2017 Crypto Prices’ Rally Per an article published by Drinks International magazine, the luxury online wine retailer is witnessing a surge in demand nowadays. But the profitable journey first started with the bullish wave seen in 2017 that took bitcoin from $900 to $19,783.21. In […]

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BTC bounceback, ETH’s ‘legit crisis,’ Elon Musk’s DOGE stunt: Hodler’s Digest, Jan. 31–Feb. 6

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high Bitcoin is showing signs of […]

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PancakeSwap (CAKE) gains 444% as its daily DEX volume surpasses $90M

PancakeSwap’s DEX volume has grown by 350% in six weeks, causing its CAKE token rally 444% and the platform appears on track for even larger gains. Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain. Instead of allowing its users to trade ERC-20 and ERC-721 tokens, the DEX focuses exclusively on Binance Chain BEP20. By using an automated market maker (AMM), the DEX allows tokens to be exchanged with no need for order books. This is quite similar to Uniswap’s liquidy […]

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Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale Investments has surpassed the milestone of $30 billion in net crypto assets under management (AUM). The company says the tremendous growth is due to institutional investors, particularly hedge funds. Grayscale revealed Friday that its net total crypto assets under management now stands at $30.4 billion. In the lead is Grayscale Bitcoin Trust, which currently has over $24 billion in AUM, followed by the Ethereum trust with more than $5 billion in AUM. Last year, Grayscale started off with just $2 billion in assets under management and […]

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Twitter, GameStop… enough! The world needs true decentralization

With Web 3.0, users will not only own their data, but they will also be able to own and govern the platform their data is generated from. GameStop and Twitter are both a mirage and an iceberg — but don’t try tweeting that. Not because you won’t own the tweet (because you won’t), but because the only completely true expression that Twitter is capable of delivering as a platform is unlocking the ugly truth about the internet itself. Or as Elon Musk recently tweeted: In retrospect, it […]

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Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients

The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that fail to comply. Banks Taking Immediate Action Immediately following the letter’s publication, some banks and other financial service providers began complying with the directive. The CEO of Binance, Changpeng Zhao, tweeted that his company had received word from its Nigerian partners confirming that “Naira deposits and withdrawals will be […]

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Asset tokenization project DeFi Money Market shuts its doors

DMG token holders take to Twitter to grieve as their holdings crash 75% DeFi Money Market, one of the earliest projects aiming to bring real-world assets on-chain, abruptly announced last night that it has “ceased operations.”  “As a result of regulatory inquiries, DMM is shutting down,” a statement on the project’s website reads. “[…] DMM regrets the necessity of this action, and would like to thank the DMM community for its support and active participation in this project.” The website provided users instructions on how to redeem […]

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Ether is flying to the moon? Here’s what’s fueling the ETH rocket

DeFi, institutions and Eth2: What are all the factors fueling Ether’s current rally to its all-time highs? Ether hit its all-time high again on Feb. 2, reaching the psychological mark of $1,500. Since then, its price has remained above this level and is currently sitting at around the $1,700 mark. Along with Bitcoin (BTC) and other cryptocurrencies, Ether (ETH) has seen outstanding price action since the start of 2021, having surged by 10.46% in a month.  While Bitcoin has also been seeing positive price action, it is […]

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