Category Archives: Crypto News

Epic welcomes blockchain games but don’t expect any Fortnite NFTs

Epic Games is open to blockchain game developers, but the company has no NFT plans. Gaming platforms are choosing sides on blockchain, cryptocurrencies and nonfungible tokens (NFTs) within their respective ecosystems.  Following reports of Valve banning crypto and NFT-related games on Steam, its primary competitor, Epic Games Store showed a welcoming attitude for blockchain developers and the use of crypto in video games. Epic Games CEO Tim Sweeney said that the Epic Games Store would enable games using blockchain technology as long as the developers abide by […]

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New York businesses ask governor to deny permits for crypto mining

Crypto mining’s environmental impact continues to raise concerns with regulators and businesses alike. The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request comes in the form of a letter cosigned by a number of organizations, businesses and labor groups. The letter calls for an environmental assessment for Proof-of-Work cryptocurrency mining in NYS while urging Governor Hochul to deny permits to convert the Greenidge […]

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All-time high weekly close — 5 things to watch in Bitcoin this week

An exciting week begins with Bitcoin back challenging all-time highs and ETFs seeing a potential U.S. launch. Bitcoin (BTC) simply refuses to die this week as a dip below $60,000 barely lasts an hour and bears are burned yet again. After a fairly calm weekend, Sunday saw a typical drawdown before a dramatic resurgence took place for BTC/USD just an hour later. With that, Bitcoin has preserved not only its bullish trajectory but has also sealed its highest weekly close ever — around $61,500. As the market […]

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Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF

Grayscale looks to be seeking to restructure its Bitcoin Trust into a physically-backed fund after the SEC approved a Bitcoin futures ETF. Institutional investment giant Grayscale is reportedly considering converting its Bitcoin Trust into a physically settled exchange-traded fund (ETF). On Oct. 17, Barry Silbert, the CEO of Grayscale’s parent company Digital Currency Group, hinted that Grayscale is making plans to convert its Bitcoin Trust into a spot-settled Bitcoin fund. After having taken to Twitter to criticize the cash-settled Bitcoin futures ETF recently approved by the U.S. […]

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Mexican medical firm embraces blockchain for covid test certificates

MDS Mexico will use blockchain technology to verify the authenticity of its rapid coronavirus test results. Medical services company MDS Mexico has launched a rapid covid-19 testing service that uses blockchain technology to verify results. According to a Oct. 17 report from local media outlet iProUP news, MDS Mexico has launched a digital platform allowing its patients to access results that are updated in real-time. Results are also physically delivered, featuring a QR code that can be scanned to verify the results and access a patient’s vaccination […]

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Retro NFT packs drive frenzied Top Shot speculation

NFTs celebrating significant basketball moments from the mid-2000s have proved to be a big hit among NBA Top Shot collectors. Trade volume for NBA Top Shot’s nonfungible tokens has skyrocketed over the weekend following the launch of their retro Run It Back 2005-06 packs on Friday, Oct. 15. According to Crypto Slam, daily volume on Top Shot’s marketplace jumped by more than 440% from $829,520 on Oct. 14 to more than $4.5 million the next day. Oct. 16 also saw more than $4 million worth of tokens […]

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Top 5 cryptocurrencies to watch this week: BTC, ETH, SOL, MATIC, FTM

Bitcoin’s shallow pullback increases the prospect of a new all-time high in the short term and altcoins like ETH, SOL, MATIC and FTM could move higher while BTC prepares for its next move. On Oct. 15, news that a Bitcoin (BTC) exchange-traded fund (ETF) could start trading as early as next week sent Bitcoin price to $62,933 but the rally has cooled off since then. Some market participants believe that traders who bought the rumor of approval for a Bitcoin ETF product may sell on the news. […]

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Portfolio rebalancing through DeFi must be simplified to see adoption

The decentralized finance industry is growing rapidly, and it’s time for portfolio risk management to keep up with innovations. Central banks and key leaders are increasingly raising further alarms for rising inflation, causing spirals of doubt across the world. Just recently, United States Treasury Secretary Janet Yellen called for Congress to either raise or suspend the U.S. debt ceiling, stating that the government will run out of money to pay its bills by October. What seems to sound more like a horror film of the future is merely […]

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Centric Swap leads ‘Uptober’ after a swift 1,000% gain. Here’s why it could go higher

CNS price rallied roughly 1,000% in the past 5 weeks as new partnerships, a chain migration and the promise of “announcements upon announcements” lure new investors. In the past few weeks, Centric Swap (CNS), a dual-token model that gives stakers a fixed hourly yield that “stabilizes over time as it self-regulates token supply to meet ongoing changes in demand,” has rallied more than 850% and still about 200% away from its previous all-time high. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low […]

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Next Bitcoin price crash will be ‘shallower’ than 80%, says Pantera Capital CEO

Bitcoin price increases will also be less dramatic moving forward, the report suggests. Bitcoin (BTC) market’s tendency to crash by over 80% after logging strong bull runs might come to an end. That is according to a new report published by California-based hedge fund Pantera Capital. In detail, the report notes that the recent periods of BTC price drops have been less severe than in the past. For instance, in 2013-15 and 2017-18, Bitcoin crashed by as much as 83% after topping out near $1,111 and $20,089, […]

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