Business

Monstercat Unveils IDOLS NFT Digital Collectibles, Designed to Create 3D Experiences In the Metaverse

Monstercat is planting their stake in the sand and wholly embracing the Web 3.0 revolution. On October 26th, Canada’s largest independent label is going live with the GENESIS IDOLS collection on Nifty Gateway, a project that CEO Mike Darlington says is eight months in the making. The collection of 3D models represents just the first phase of Monstercat’s novel approach to immortalize the future of their diverse artist roster in the metaverse. “This IDOL was born for your world; it is your key to the intersection of music, art and the metaverse,” Darlington stated cryptically. “The legend of RELICS is about to unfold, and you are the Explorers.” There’s still much to be uncovered as to what the IDOLS initiative has the potential to offer collectors....

Ethereum 2.0 inches closer with the Beacon Chain’s Altair upgrade

The price of Ether (ETH) nearly hit a new all-time high on Oct. 21 before falling below $4,000 after the $435-million options expiry on Oct. 22 soured the mood. The Ethereum network is set to take another step toward Ethereum 2.0 on Oct. 27 at epoch 74240 with the Altair upgrade to Beacon Chain. Eth2 will be an entirely proof-of-stake (PoS) network, for which the community has been gearing up for over a year now. As per an Ethereum Foundation blog post explaining the development, Altair is an update to the Beacon Chain that brings support for light clients, pre-validator inactivity leak accounting, a rise in slashing severity, and clean-ups to validator rewards allowing for simplified stated management. This is the first scheduled upgrade to the Beacon Chain. The blog post states that this...

NFL quarterback Tom Brady gives fan 1 BTC for his historic 600th-touchdown-pass ball

Tampa Bay Buccaneers quarterback Tom Brady nearly lost ownership of the ball behind his 600th touchdown pass, but now he’s paying for it… in Bitcoin (BTC). In Sunday’s game between the Buccaneers and Chicago Bears, Brady threw his 600th career touchdown pass to fellow teammate Mike Evans — he is the only player in NFL history to have ever achieved so many touchdown passes in his career. The wide receiver, apparently not realizing the significance of the ball, handed it off to Byron Kennedy, a fan wearing a jersey with Evans’ namesake. According to Ken Goldin, the founder of sports memorabilia auction company Goldin Auctions, the ball could be worth anywhere from $500,000 to $900,000. Kennedy at first seemed to give up the ball in exchange for a vague promise of a meet and greet with ...

KYVE raise $2.8M to advance Web 3.0 data storage

Data archiving protocol KYVE has announced a Series B funding raise of $2.875M instigated by institutional capital firms Permanent Ventures and Hypersphere Ventures in which a vast collection of crypto projects and individual angel investors including, but not limited to, Coinbase Ventures, Volt Capital, Justin Kan and Robin Chan, participated. KYVE has expressed the ambition of becoming the leading project in the Web 3.0 sphere with an inherent focus on data collection and digital calculation. The newly-established project, currently operating in testnet phase, utilizes blockchain indefinite storage service Arweave to provide a vast number of Web 3.0 use cases, including cross-chain interoperability via bridges, data storage and oracles. This news follows the project’s debut funding...

Secret, Curve and Shiba Inu gains suggest that altseason is coming

Calls for an altseason continue to grow louder as the price action in the altcoin market has been on the rise for a few days. Meanwhile, Bitcoin continues to consolidate below its all-time high near the $62,000 support level.  Oftentimes, moves in altcoins center around one specific sector of tokens such as meme coins or decentralized finance protocols, but the current market is seeing rises across all sectors, which is possibly a sign that altseason is in fact heating up. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Secret (SCRT), Curve (CRV) and Shiba Inu (SHIB). Secret partners with OpenSea to launch anonymous NFTs The Secret Network...

GBTC delivered better returns than Bitcoin ETFs last week

Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) outperformed the newly launched exchange-traded funds (ETF) last week, data shows. Figures shared by Grayscale executives among others confirm that GBTC has quietly delivered better investor returns since Oct. 19. Grayscale “discount” hits one-month lows While talk continues to revolve around Bitcoin futures ETFs and their market impact, industry stalwart Grayscale is biting back. Amid claims that the newly launched funds are sucking custom away from GBTC, the firm’s chiefs were quick to note that the latter has in fact been a better bet since launch day. GBTC vs. BITO performance chart. Source: TradingView Over the seven days to Monday, GBTC returned around 8.8%, while the pioneering Bitcoin futures ETF, ProShares Bitcoin...

UK FCA grants registration to crypto startup Crypterium

British cryptocurrency services provider Crypterium is the latest crypto firm to secure registration from the United Kingdom’s Financial Conduct Authority (FCA). Crypterium officially announced on Oct. 25 that it has recently been registered by the FCA to provide cryptocurrency services to local citizens and companies, becoming one of few companies to have passed the registration process. According to data on the FCA’s official website, Crypterium has been registered to operate “certain crypto asset activities” in compliance with the country’s Anti-Money Laundering (AML) regulations since Oct. 11. The registration officially authorized Crypterium to continue providing its crypto wallet services, including crypto trading and payment services, to “practically everybody” in the United Ki...

Dubai regulator announces new regulations for investment tokens

The Dubai Financial Services Authority (DFSA) has established a regulatory framework for investment tokens as part of its efforts to stimulate the digital financial and technological environment while also meeting market players’ demands and requirements. The DFSA is an independent regulatory body in Dubai that is in charge of monitoring and regulating financial services companies wanting to operate there. It also licenses and regulates their products and services. According to a report by Emirates news agency WAM, the DFSA’s regulatory framework defines investment tokens as either “a Security Token or Derivative Token.” The report notes that the creation of a new regulatory structure is the first step in DFSA’s Digital Assets Regime, which reflects the sugges...

South Korean pension fund to invest in Bitcoin ETF: Report

South Korea’s public pension fund, the Korean Teachers’ Credit Union (KTCU), is reportedly looking to gain exposure to Bitcoin (BTC) via a crypto exchange-traded fund (ETF). KTCU, one of the largest institutional investors in South Korea, is considering investing in a pure Bitcoin ETF or Bitcoin-linked ETFs in the first half of 2022, local news agency The Korea Economic Daily reported Monday. According to the report, KTCU is considering investing in several Bitcoin ETF products, including those by South Korean asset management firm Mirae Asset Global Investments. The company launched two ETFs tracking the value of Bitcoin futures via its Canadian subsidiary Horizons ETFs in April 2021. “As there are some well-made cryptocurrency-linked ETF products by asset managers such as Korea’s Mirae A...

Elton John and Duran Duran Battle For U.K. Albums Chart Crown

Close behind is Duran Duran, whose 15th studio album Future Past (BMG) opens at No. 2. With Future Past, the alternative rock veterans could nab their highest-charting record in 38 years, since 1983’s Seven And The Ragged Tiger led the chart. Duran Duran’s most recent album, 2015’s Paper Gods, debuted and peaked at No. 5 in the U.K. Meanwhile, Lana Del Rey’s Blue Banisters (Polydor) starts at No. 3 on the chart blast. It’s the U.S. alt-pop artist’s eighth record and second release of 2021. Scottish rock favorites Biffy Clyro start at No. 4 on the midweek chart with The Myth Of The Happily Ever After (Warner Records). As the chart race enters its second stage, it’s all to play for. According to the Official Charts Company, just 4,500 chart sales currently separate the all-new Top 4. C...

Adele Sets Homecoming 2022 Concerts

Adele’s comeback track “Easy On Me” blasted to No. 1 on the Official U.K. Chart last Friday, setting records along the way. The song is roaring up the charts around the planet, as it starts at No. 1 on the Billboard Hot 100 and Global Charts, Australia’s national survey and elsewhere. “Easy On Me” is the first track lifted from Adele’s 30, her forthcoming fourth album due out Nov. 19. It’s the followup to 2015’s 25, an album so popular, Adele was crowned IFPI Global Recording Artist of the Year for the year, an award which recognizes the top artist across physical sales, downloads and streaming. Her global tour in support of that album was pure box office dynamite. When it wrapped, Adele stepped away from the public glare for five-long years, until “Easy On Me” dropped in full earlier this...

Litecoin price analysis: LTC targets the $200 resistance point

The cryptocurrency market has performed well over the past few hours, with the prices of most coins up by more than 1%. The broader cryptocurrency market recorded gains over the past few hours, with BTC and others all rallying. BTC didn’t perform excellently as it is only up by 0.76% in the last 24 hours. Bitcoin continues to struggle below the $62k level.  Ether had found it hard to break past the $4,300 psychological level. ETH surged by 1.84% in the last 24 hours and is trading around $4,200 per coin when writing the report. Binance Coin (BNB), Cardano (ADA), Solana (SOL), Polkadot (DOT), XRP and Dogecoin (DOGE) are all trading in the green zone at the moment. Litecoin isn’t left behind despite losing its market position to other cryptocurrencies in recent months. LTC is up by 0.94...