crypto
Spain for the win? Top 3 fan tokens to watch during the FIFA World Cup
The FIFA World Cup in Qatar is boosting the value of national soccer team fan tokens despite the cryptocurrency bear market. World Cup Qatar hype boosts fan token prices These digital fan tokens are currently rallying despite the cryptocurrency market downturn, securing up to 170% gains from the Nov. 10 lows. At the core of the massive uptrend is the World Cup, which will be held from Nov. 20 to Dec. 18 in Qatar. Fan tokens are cryptocurrencies that enable fans to engage with and participate in their favorite team’s decisions. Moreover, they create new sponsorship opportunities for sports clubs and national squads outside of traditional revenue sources. Here’s a brief overview of the top gainers in the fan token sector, alongside their technical outlook during th...
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I’m the captain now: Musk chops Twitter board, becomes sole director
Crypto-friendly billionaire Elon Musk has become the sole director of Twitter, following the dissolution of nine former board members, according to newly filed documents. In an SEC filing dated Oct. 27, the “consummation” of Musk’s takeover of Twitter came with the dissolution of Twitter’s board members, including Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou. “On October 27, 2022, and as a result of the consummation of the Merger, Mr. Musk became the sole director of Twitter,” the filing reads. The Tesla CEO later tweeted in a response to a Twitter user that the arrangement was “just temporary.” Previously, Musk has said the platform under his ownership will focus on free speech, eli...
Nifty News: GameStop NFT market goes live, Hong Kong’s NFT concept and more
The nonfungible token (NFT) marketplace for American video game retailer GameStop has officially gone live on Ethereum layer-2 blockchain ImmutableX, all part of the latest Web3 push from the gaming retailer. The pair first partnered in February to build the marketplace offering a $100 million grant for NFT content creators and tech developers before a public beta of the NFT marketplace debuted in July. With the Oct. 31 announcement of the full launch, GameStop’s market will allow for popular Web3 games on ImmutableX such as the role-playing game Illuvium and Gods Unchained to be accessed by users. GameStop has worked to launch a series of Web3-powered products over the past year, with a beta self-custody crypto wallet released in May that integrates with its NFT marketplace. In Marc...
Why is the crypto market up today?
Bitcoin (BTC) has hit six-week highs and held onto its gains since — is it the start of a trend change? After passing $21,000 twice over the past week, BTC/USD is still lingering near the top of its multimonth trading range. The coming week promises to provide a fresh dose of volatility thanks to the United States Federal Reserve commenting on interest rates and the economic outlook. The key date is Nov. 2, which will see: Decision on key rate hikes Comments and economic projections Speech from Fed Chair Jerome Powell While opinions are mixed as to whether Bitcoin can stand the heat, the market has been caught in disbelief — liquidations in recent days made records for 2022. Should further upside ensue, traders may have to reassess their take on Bitcoin’s weakness in what many thought woul...
David Guetta and MORTEN Team Up With Web3 Company to Develop “Future Rave” Metaverse
The future rave movement is formally planting its stake in the music industry’s next digital frontier. The genre’s foremost faces, David Guetta and MORTEN, recently formalized their new Future Rave record label before dropping its inaugural single, “Element.” As it turns out, the duo had even more up their sleeves when it comes to world-building around their collaborative endeavors. Crypto Blockchain Industries (CBI) has announced that Guetta and MORTEN will be teaming up with the Parisian Web3 company to bring the future rave genre to the metaverse. The forthcoming experience will become a part of CBI’s AlphaVerse, according to a press release. Scroll to Continue Recommended Articles In just a few short years, the future rave genre has blossomed from hum...
Crypto incubators have a responsibility to maintain fiscal discipline
Contrary to popular belief, a bear market provides ideal conditions for startup founders and developers to work on technological innovations. The absence of market frenzy and speculative investing helps startups to focus on the fundamentals, which are beneficial in the long run. However, bear markets dry up capital sources, and liquidity becomes the proverbial mirage of an oasis in the desert sand. Thus, startups turn toward incubators who become messiahs with their network of angel investors and venture capitalists. As incubators hold the key to funding, they are powerful enough to make or break a crypto startup. And, as Marvel’s Spider-Man reminded us, “With great power comes great responsibility.” Incubators, therefore, play a crucial role in guiding startups to adhere to crypto regulat...
Users upset that Binance’s wrong crypto network retrieval fees have soared to 500 BUSD
On Oct. 18, the product team at cryptocurrency exchange Binance held an ask-me-anything session with users on Reddit. Of particular interest was a discussion that arose regarding retrieval fees for crypto sent on different networks than the recipient’s wallet address on Binance. According to user Maxx3141, who brought up the issue: “I accidentally send WETH [wrapped Ether] to my Polygon address two months ago. Your exchange supports Polygon, but just for MATIC. It was only like 100$ in value. I found out you previously could recover this for a 30$ fee, and I thought that was fine. But when I contacted you, I found out you just raised the fee to 500 BUSD.” Another user, Superb_Dragonfruit63, also raised the issue of having to pay 500 BUSD for crypto retrievals on unmatched...
Best Bitcoin Casinos In The USA Today: Crypto Betting Sites & Bonuses
Best Bitcoin Casinos In The USA Today United States Search The query length is limited to 70 characters Home News best bitcoin casinos usa today crypto betting sites bonuses You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Taliban had a ‘massive chilling effect’ on Afghan crypto market: Report
The Taliban’s takeover of Afghanistan has had a “massive chilling effect” on the local cryptocurrency market, bringing it to an effective “standstill,” according to a recent report. Blockchain analytics firm Chainalysis in an Oct. 5 report stated the Middle East and North Africa (MENA) region saw the largest crypto market growth in 2022 but noted that Afghani crypto dealers had three options: “flee the country, cease operations, or risk arrest.” The report states after the Taliban seized power in August 2021, crypto value received in August and September that year spiked to a peak of over $150 million, then fell sharply the following month. Before the takeover, Afghani citizens would on average receive $68 million per month in crypto value mainly used for remittances. That ...
‘Grotesquely overpriced’ — Apple’s App Store wants 30% cut on NFT sales
Non-fungible token (NFT) app developers and others have balked at a decision by tech giant Apple to impose a 30% commission on NFTs sold through apps on its marketplace, effectively putting NFT purchases in the same boat as regular in-app purchases. According to a Friday report from The Information, the smartphone company is now allowing NFTs to be bought and sold through apps listed on its marketplace but imposes its standard commission on in-app purchases of 30% — similar to that imposed by Android’s app store Google Play. The commission rate has however been slammed by some for being “grotesquely overpriced” — particularly when compared to standard NFT marketplace commissions, which are around 2.5%. Tech blogger Florian Mueller called Apple’s “app tax” on NFT sales “abusive but consiste...
Biden’s anemic crypto framework offered us nothing new
The long-awaited cryptocurrency regulation framework released by President Joe Biden’s Treasury Department this month attempted to outline a plan for managing the burgeoning crypto industry. Unfortunately, the department’s assessment failed to embody more substance than a mere mission statement. While Biden’s administration appears to be taking a “whole-of-government approach” toward overseeing the decentralized finance (DeFi) sector and its ripple effects on the traditional economy, they are focused predominantly on defending against negative events — such as financial crime — and failing to facilitate positive events, such as the wealth-building opportunities that crypto offers to Americans excluded from the traditional big-banking system. The new framework was a follow-up to Biden’s exe...
