Artists, brands and creators pile into the Metaverse

The blockchain gaming ecosystem has seen explosive growth over the course of 2021 as nonfungible tokens (NFT) and the play-to-earn gaming model helped create new income opportunities for people around the world while also ushering in a new cohort of users to the cryptocurrency sector.  One project involved in gaming and the building of the Metaverse is The Sandbox (SAND), a blockchain-based virtual world where users to create, build, buy and sell digital assets in the form of a game. Data from Cointelegraph Markets Pro and TradingView shows that after…

FTX.US Partners with University of Kentucky Wildcats to Compensate Players

Key Takeaways Crypto exchange FTX.US has formed a partnership with the University of Kentucky Wildcats basketball team. The partnership will not see players paid in crypto, but players will get access to FTX’s debit cards and NFT services. FTX has formed various other sports and e-sports partnerships in recent months and gained naming rights to venues. Share this article Crypto exchange FTX.US has announced a new partnership with the University of Kentucky Wildcats basketball team. The deal includes players being paid a monthly stipend in U.S. dollars via FTX debit…

Friday’s $540M Ethereum options expiry favors traders with targets at $5K

Ether (ETH) bulls are probably very pleased with the 368% gains accrued so far in 2021 and it seems like not a day passes where the altcoin doesn’t hit a new all-time high.  Even with Ether on the path to $5,000, there are still plenty of concerns about the network’s capability to absorb the strong demand coming from the decentralized finance (DeFi) and non-fungible token (NFT) sector. Another potential setback laying ahead is the United States Treasury report on stablecoin regulation released on Nov 1. The report stressed the necessity…

We want BTC Spot ETFs

Congressmen Todd Emmer and Darren Soto sent a bipartisan letter to Securities & Exchange Commission Chair Gary Gensler on Wednesday, strongly questioning why the agency has denied approval for the creation of a Bitcoin spot ETF while allowing Bitcoin Futures ETFs to begin trading. In a spot ETF, the fund holds the actual commodity (in this case bitcoin) whereas in a futures ETF fund holds contracts to buy and sell the commodity at a future date at a specified price. In a press release announcing the letter, Minnesota Republican Emmer…

KuCoin launches virtual office in the Bloktopia metaverse

Crypto exchange KuCoin has announced it will be opening a virtual office inside the skyscraper from the decentralized metaverse Bloktopia. In a Nov. 2 announcement, KuCoin said it would be joining the metaverse by launching an office inside Bloktopia’s platform, designed as a skyscraper. The virtual building has 21 different levels in recognition of the total supply of 21 million Bitcoin (BTC) and is expected to house other content creators including Polygon and Avalanche. According to the exchange, the meta office will allow users to decorate cyberpunks, interact with virtual…

AscendEX’s $50M raise highlights ambitions beyond exchange business

Global cryptocurrency and financial platform AscendEX recently concluded a $50 million Series B fundraiser that was backed by some of blockchain’s biggest venture funds, putting the company on track to bridge the gap between centralized finance and the budding world of DeFi. In an exclusive interview with Cointelegraph, AscendEX’s head of business development Shane Molidor and Wes Kaplan, the platform’s director of marketing and operations, talked about the company’s growing value proposition beyond the crypto exchange business and highlighted the role of institutional investors in fueling innovation in the industry. …

Coinbase Is Testing a Feeless Subscription Model

Key Takeaways Coinbase is reportedly testing a subscription-based model that allows users to pay zero trading fees. The service will also offer extended customer support and greater coverage if one’s account is hacked. This option will allow Coinbase to compete with other trading platforms that offer zero fees, such as Robinhood. Share this article Leading cryptocurrency exchange Coinbase is testing a feeless subscription-based service, according to various reports. Coinbase One Is On the Way The new service will be called Coinbase One, and it will initially be offered to a…

Informe de JPMorgan afirma que las CBDC pueden ahorrar a las empresas $100.000 millones al año en pagos transfronterizos

Como ejemplo, el informe considera la región de la Asociación de Naciones del Sudeste Asiático (ASEAN, por sus siglas en inglés) y sus corredores, que comprenden Brunei, Camboya, Indonesia, Laos, Malasia, Myanmar, Filipinas, Singapur, Tailandia y Vietnam, que opera con un conjunto diverso de 10 monedas y aporta el 7% del comercio transfronterizo mundial. Source link

How Yield Farming on Curve Is Quietly Conquering DeFi

Over the past six months, Curve has made just $34.1 million in swap fees, even though it has $16.5 billion in TVL on Ethereum’s main network and has kept its trading volume consistently high. Curve and its liquidity providers make $0.40 on every $1,000 in trading volume, compared with another popular decentralized exchange, Sushi, which makes $3 on every $1,000 in trading volume for its liquidity providers. Oftentimes, liquidity would migrate to exchanges with higher fee brackets for higher returns, and yet Curve has the lowest fees and more liquidity…

Monster-battle NFT game Axie Infinity soars in popularity among developing nations

It’s no secret that video-game streaming platforms, such as Twitch, have made it possible for players to earn money by broadcasting their gaming experience to an audience of gaming enthusiasts. But now, the tokenomics of blockchain-powered digital games like Axie Infinity have made it possible for users to make money by simply playing the game. At the time of publication, Axie Infinity has over 360,000 concurrent players. Based on data from ActivePlayer.io, while the United States ranks third in terms of active Axie Infinity players, all other countries on the list are…