Monthly Archives: November 2021

Illuvium, LCX and Tokemak hit new highs as Bitcoin dominance lingers

LCX, ILV, TOKE and at least 10 other altcoins hit new all-time highs alongside ETH today. During bull markets, altcoins tend to accrue gains when Bitcoin price consolidates and at they run in tandem with BTC price during breakouts. This dynamic appears to be at play today because multiple altcoins went parabolic at the same time that BTC made a run at $64,000 and Ether (ETH) hit a new all-time high above $4,500. According to data from Messari, 31 tokens have established new record-highs in the past […]

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Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals

Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish Itself as Center for Crypto Business Authorities in Singapore are taking steps to cement its position as a key player in crypto business, the official who has been at the helm of the Monetary Authority of Singapore […]

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Australia’s Largest Bank To Integrate Bitcoin Services In App

Commonwealth Bank will reportedly enable its 6.5 million customers to buy, sell, and hold bitcoin in 2022. Australia’s largest bank will reportedly allow its customers to buy, sell, and hold bitcoin starting next year. Commonwealth Bank’s customer base of 6.5 million people represents over 25% of Australia’s total population. It is unclear whether customers will be able to withdraw their bitcoin to an external wallet. Commonwealth Bank (CBA) will reportedly enable its 6.5 million customers to buy, sell, and hold bitcoin directly in its banking app, according […]

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Africa Leading Retail-Sized Bitcoin Payments Suggests Increasing Adoption

The continent is fast becoming a hotspot for growing usage of bitcoin for transactions on a day-to-day basis. The global bitcoin and cryptocurrency market is growing every day and Africa is not an exception to this. Although Africa is the smallest cryptocurrency economy by continent, it is the most dynamic. It has grown massively, receiving over $105.6 billion from July 2020 to mid-2021. In fact, it ranks as the third fastest-growing bitcoin and cryptocurrency economy in the world per Chainalysis. What’s more, Nigeria, South Africa, and Kenya […]

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Laotian govt budget expected to gain $194M from crypto miners by 2022

Lawmakers reportedly plan to use the extra revenue for “priority programs,” including paying down the national debt and responding to the pandemic. The Laos government’s pilot project to explore cryptocurrency mining and trading is expected to bring in roughly $194 million towards the country’s total domestic revenue projected for 2022. According to a Nov. 2 report from Malaysian news outlet The Star, the Laotian government’s recent bid to capitalize on China’s crypto mining crackdown may be netting the country 2 trillion kip — roughly $194 million at […]

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Spellfire Creates 100 Rare NFT Cards to Sell on OpenSea

The first limited edition of Spellfire NFT cards has already reached the shelves of OpenSea. Spellfire NFTs have a unique mix of capabilities and cannot be compared to anything else on the market. A new conception has combined time-tested gaming and modern twists to have a unique collecting experience of virtual and physical assets generating a lifetime revenue, plus a great time playing a beloved fantasy game. Is the team good at what they do? Spellfire has gained top investors within a few hours. The physical game […]

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100 Person Mega-Battles: Former Midway, Disney, Activision Game Devs Announce Mechanized-Combat NFT Game

At the non-fungible token (NFT)-focused conference, NFT.NYC, developers from the Metalcore Foundation and Studio 369 revealed an NFT-powered mechanized combat video game. The game’s creators have worked on projects for Activision, Disney, Lucas Films, Midway, and the Mechwarrior, Mortal Kombat, and Gears of War franchises. Metalcore Foundation, Studio 369 Reveal Blockchain-Powered Mech Battle Game A game development team behind an organization called the Metalcore Foundation and video game developer Studio 369, announced a new multiplayer mechanized combat blockchain-powered video game title called Metalcore. The game is being […]

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Analysts say ‘impulse move’ could send Ethereum price into the $6K to $14K range

Analysts say ETH’s breakout to a new all-time high is just the beginning and one 2017-era fractal pattern targets a $14,000 Ethereum price in the near future. Crypto markets have hit the ground running right from the start of November and today a near uncountable number of tokens have rallied to swing highs as Ether (ETH) broke above the $4,500 level and Bitcoin recaptured the $64,000 level. Polkadot (DOT) also hit another all-time high as investors accumulate tokens leading into the upcoming parachain auctions. The climbing price […]

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Miami mayor plans to accept first paycheck entirely in Bitcoin

The mayor said he would prefer to use an app like Bitwage or Strike rather than having the local government convert his fiat paycheck into crypto. Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take his next paycheck in Bitcoin. In a Tuesday Twitter post, Suarez said he aimed to be the first United States lawmaker at the state or federal level to accept part of his salary in Bitcoin (BTC). Public records show the Miami mayor’s salary […]

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NFT collection’s price takes a nosedive as creator’s racist cartoons circulate

George Trosley’s racist drawings from his Hustler magazine days went unnoticed initially, but have since led to backlash. The Jungle Freaks NFT collection has lost roughly 80% of its trading value overnight after a series of racist cartoons drawn by one of its creators circulated on social media. The project is the brainchild of famed Hustler magazine cartoonist George Trosley, and is curated by his son George III Trosley. Many participants from the NFT sale expressed their dismay after Trosley’s offensive illustrations came to light. Even Lord of the […]

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