Business

Why Are Buyers Forking Out $7 Million for NFTs Not Yet Minted?

Non-fungible token (NFT) investors have piled US$7 million into Tyler Hobbs’ “Incomplete Control” NFT collection, without being able to view them. Participants poured money into an auction to stand a chance to win one of 50 Golden Tokens, which will grant them ownership over unminted NFTs. Yes, you read that right. Investors have put US$7…

Dr. David Tse of Stanford becomes advisor to layer zero protocol Subspace

Subspace Labs, a distributed research and development company behind the Subspace Network, today announced the appointment of Dr. David Tse to its advisory board. Tse, who is also a distinguished professor of electrical engineering at Stanford University, brings extensive expertise as a leading researcher in the areas of blockchain scalability, security, and sustainability. A scalable…

Fantom Price Analysis: Bulls Eye $4 Following 47% Weekly Surge

Key Support level: $2.55 Key Resistance level: $3.8 Fantom (FTM) has been setting a new all-time high every day for the past week. This bullish momentum is now accelerating. Fantom has been long considered an undervalued token in the Decentralized Finance (DeFI) space. However, the bulls are currently in the process of changing this. Fantom-based…

Tesla signals potential return to Bitcoin payments

Electric car maker Tesla is likely to start accepting Bitcoin for its cars, details filed with the US Securities and Exchanges Commission (SEC) show. Tesla hinted at the possibility of accepting cryptocurrency payments in financial details related to its initial purchase of Bitcoin, which were added in the company's 10-Q filing with the US regulator. The…

South Korean pension fund to invest in Bitcoin ETF: Report

KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an executive reportedly said. 2436 Total views 29 Total shares 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…

Cyber threats must be matched with cyber innovation

Fundamentally, we need to be much bolder than we have been in the past, making cyber security for all as intuitive as putting on a seatbelt.Let’s consider the tension between business strategy and cyber risk management. The two are traditionally uncomfortable bedfellows with cyber security often seen as a business blocker rather than a business…

Mastercard to Allow All Banks on its Network to Provide Bitcoin Services (Report)

In another venture within the digital asset space, Mastercard is preparing to expand the cryptocurrency economy in a whole new way, according to a recent report. The payment services giant will soon announce the provision of crypto-integrated services to every bank and merchant on its network. Mastercard’s Big Crypto Plan As revealed by CNBC earlier…

Solana Price Reached New All-Time High, Creeps Past $215

Public blockchain platform Solana just broke its previous all-time high from September. The new record comes amidst a rising crypto market in which Solana has been especially successful. Last week, Solana almost painted a fresh all-time high but came a few dollars short before retracing back. This happened very shortly after Bitcoin had marked a…

Trump Slams Big Tech ‘Corruption’ As Stock Behind His Truth Platform Tumbles (Again)

Topline Former President Donald Trump released a lengthy statement Tuesday morning slamming the “corruption” of Big Tech companies and claiming his upcoming social media website will be an “extremely well-funded, multi-year undertaking,” but investors appeared skeptical, with shares of the company funding Trump’s social media platform plummeting more than 20% at times–the second straight day…

PayPal says it is currently not pursuing Pinterest acquisition

Some analysts now think Pinterest could attract interest from other bidders down the road Topics PayPal | PayPal in India PayPal Inc said it is not pursuing an acquisition of Pinterest Inc at this time, after several media reported last week that it was in talks to buy the digital pinboard site for as much as $45…

Moment of reckoning is here for Australia’s cyber security

While media coverage of the recent announcement of AUKUS focussed on Australia’s acquisition of nuclear-powered submarines, the technology partnership underpinning the agreement was also of major significance.As the three leaders noted in their joint statement: “We will foster deeper integration of security and defence-related science, technology, industrial bases, and supply chains…. Recognising our deep defence…

Mastercard Dives into Crypto with Bakkt

On Monday, Mastercard announced new services that will allow customers to buy, sell, and hold cryptocurrency. The new products are set to be developed in collaboration with Bakkt. Bakkt Facilitates Crypto Adoption For Mastercard Clients Mastercard, a global payments processing giant, announced today that it would offer new services to enable customers to purchase, buy,…

BitGo integrates Stacks to bring Bitcoin DeFi to institutions

BitGo, a provider of institutional-grade liquidity, custody & security for digital assets, today announced support for Stacks, a network that has created the technology needed to bring applications and smart contracts to the Bitcoin network. In order to match the demand for institutions wanting to hold bitcoin, BitGo will now offer institutional token holders the…

Bitcoin charges toward $64K as Tesla ATH boosts Elon Musk to $250B net worth

Tesla stock nears $1,000 for the first time as a resurgent Bitcoin completes its lower support retest and aims for $64,000. 403 Total views 40 Total shares Bitcoin (BTC) price hurtled towards $64,000 in a fresh round of bullishness on Oct. 25 as the market left a weak weekend behind.BTC/USD 1-hour candle chart (Bitstamp). Source:…

MasterCard now offers crypto-products

MasterCard has partnered with Bakkt to offer MasterCard’s network of merchants, banks, and fintech companies the ability to buy, sell, and hold cryptocurrency. MasterCard is calling this new offering, Crypto-as-a-Service and has decided to offer digital assets to its network of users to give them more variety when it comes to money and payments. “Mastercard…

Crypto-loving Nigeria to launch eNaira stablecoin today

Africa › AdoptionAfter postponing the launch of the “eNaira” indefinitely, Nigeria’s central bank has now announced that it would launch the CBDC project today. Oluwapelumi Adejumo · October 25, 2021 at 5:00 pm UTC · 2 min read Weeks after its postponement, President Muhammad Buhari will officially launch the Nigerian Central Bank Digital Currency, eNaira,…

BTC Investments Boom, SEC Chair vs. Crypto ‘Wild West’ + More News

Gary Gensler. Source: A video screenshot, Youtube/U.S. Securities and Exchange CommissionGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____ Investments NewsDigital asset investment products saw inflows last week totaling USD 1.47bn, the largest on record by a significant margin, per CoinShares data. The…

France-based Crypto Blockchain Industries lists on Paris stock market

The company is the first blockchain-focused IPO in France. Crypto Blockchain Industries, a France-based company focused on blockchain technology, is set to go public on the Paris stock market, local reports say. The decision to admit the company’s ordinary shares was approved by the Euronext Paris SA on 21 October, with 2021, the report added. According…

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