As Coinbase cryptocurrency exchange is preparing to roll out its own nonfungible token (NFT) platform soon, CEO Brian Armstrong has assessed the importance of the company’s upcoming NFT offering. On Tuesday, Coinbase released its Q3 financial results, reporting $1.2 billion in revenues, which mostly comes from the platform’s transaction fees on trading cryptocurrencies like Bitcoin
Prestigious auction house Sotheby’s has announced it will accept Ethereum (ETH) bids in real time for its Nov. 18 auction that includes works by famed street artist Banksy. Sotheby’s claims this will be the first time an auction house has accepted crypto in real time as a standard currency for payment in an auction on
In Nigeria, commercial banks have begun monitoring accounts that appear to be utilized for cryptocurrency trading. The action is in response to an order from the Central Bank of Nigeria (CBN) demanding that all commercial banks freeze accounts belonging to at least two individuals engaged in cryptocurrency trading. According to a report by local publication
It’s been 171 days since the US Securities and Exchange Commission (SEC) challenged XRP and Ripple Labs directly by filing a lawsuit against them. There have been a slew of motions and memorandums exchanged so far, but no clear winner has emerged. Every court judgement has had and will continue to have far-reaching repercussions in
Tether (USDT) has gone from being a renegade cryptocurrency to becoming the industry’s primary crutch during the last seven years, according to a new report. Essentially, USDT is a bridge between traditional currencies like the U.S. dollar and decentralized digital currencies operating on open blockchain networks. Independent crypto outlet Protos provided an in-depth insight into the most
Most game developers in U.S. and U.K. are now using blockchain elements in their games, according to a study released this week. The study, commissioned by a company named Stratis, reveals that the popularity of blockchain, NFTs, and the new play-to-earn model in the crypto market is making game developers change the traditional ways in
At least Discord knows where it’s standing now. And, with this story, we know how early into the cryptocurrency game we all are. And how misunderstood all of this is by the general public. Discord’s founder and CEO Jason Citron hinted at possible integration with the Ethereum ecosystem, with NFTs, and with the incumbent Web3.
Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. “We’re going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents,” Suarez said in an interview on Nov. 11. Citycoins launched the MiamiCoin cryptocurrency in
One under the radar cryptocurrency-powered payment app that’s been gaining traction across Latin America is Reserve. The platform acts as a convenient way for people to convert their local currencies, which may be undergoing high inflation levels, to the United States Dollar via the Reserve stablecoin (RSV). The network also features the Reserve Rights token
Billionaire CEO of American hedge fund Citadel Kenneth Griffin thinks a currency on the Ethereum (ETH) network will replace Bitcoin (BTC) as crypto’s top dog. Citadel manages over $40 billion of capital — a quarter of the trading volume in the US stock market. During this Wednesday’s Nov. 10 DealBook summit hosted by The New
In our latest in-depth video, Cointelegraph shares six key tips on how to increase your safety when investing in DeFi by identifying rug pulls — One of the most widespread types of crypto scams. Booming growth coupled with a lack of oversight by traditional authorities has attracted an influx of fraudsters to the DeFi ecosystem. According
The price of OMG Network (OMG) has plunged 33% from a daily high of $19.35 down to around $13 immediately after completion of the snapshot for an airdrop from the Boba Network. The snapshot of all wallets holding OMG tokens on the Ethereum network and the layer-two Boba Network took place at 12am UTC on
Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low near
“I’m in it for the tech,” is a phrase commonly used in the cryptocurrency ecosystem by many who want to express a deeper motivation for being involved with blockchain technology beyond the significant gains that are known to happen in the volatile asset class. One project that has quietly climbed the charts without the need
The Russian State Duma has created a working group that will tackle the complicated issue of forming regulations for the cryptocurrency mining industry. According to an official announcement on Nov. 11, State Duma Chairman Vyacheslav Volodin instructed the legislature to create a group that will address regulatory gaps in the industry. The group was formed
Ether (ETH) bulls seem excited with the recent $4,870 all-time high that was hit on Nov. 10. While it was a new high in USD, ETH price is still 51% below June 2017’s price in Bitcoin (BTC) terms but it’s entirely possible that the 0.155 BTC level reached in the previous cycle reflected the overzealous