First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

Good morning, Here’s what’s happening this morning: Market Moves: Bitcoin’s highly anticipated Taproot upgrade fails to produce any noticeable price pop. Technician’s take: Short-term upside appears to be limited given the loss of positive momentum. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $64,514 +0.4% Ether (ETH): $4,562 -1.7% Market moves Bitcoin was trading flat after Taproot, the blockchain’s biggest network upgrade in four years, went live. The upgrade, which took effect at 5:15 coordinated universal time (1:15 a.m.…

Chiliz (CHZ) gains 170% after launching live in-game NFTs for fan token holders

This year has seen a number of high profile partnerships formed between the cryptocurrency sector and major sports leagues, teams and individual players. Nowadays players engage with their fans by issuing limited edition NFTs and other perks that are associated with crypto and blockchain technology. Crypto companies are also making their presence known stitching their names on jerseys, buying stadium naming rights and paying for cleverly placed primetime commercials between game breaks. One project that has seen a recent surge in interest thanks to its focus in the world of…

How Far We’ve Come (And How Much Stayed the Same)

Today’s show is from a time before the trillion (or even billion) dollar market cap; Before Vitalik had ever spoken the word Ethereum; Before taproot, segwit, stock-to-flow and the institutional investing thesis. In the early days, Bitcoin was the absolute state of the art and the basis for an entirely new and utterly revolutionary form of technology. This time you’ll get a peek at how we discussed it before everything that would happen had happened. This episode is sponsored by Nexo.io. Original show notes for episode 14 (6/7/2013): ‘In Search…

Is Polkadot Ready to Rebound to New Highs?

Key Takeaways Polkadot is down more than 16% since the $55.20 all-time high of Nov. 4. Now, prices have reached a critical support level that may serve as a rebound point. As long as DOT holds above $41,40, it could target $89.35. Share this article Polkadot could be gearing up for a sustained rebound toward new all-time highs, depending on DOT’s ability to hold above a crucial support barrier. Polkadot Holds at Crucial Support Polkadot looks ready for another rally despite the 25% correction it suffered shortly after hitting a…

Without quantum security, our blockchain future is uncertain

News that two teams of Chinese scientists have achieved quantum advantage — a technical term for when a computer can perform functions beyond that of a classical computer — may be the signal that we have truly entered a new era. While Google’s 54-qubit quantum processor, Sycamore, became the first widely known example of early-stage quantum computing, the latest news out of the University of Science and Technology of China in Hefei is the best proof yet that we have crossed the information rubicon. But despite many reasons to be…

VanEck to Launch Bitcoin Futures ETF ‘XBTF’ Next Week After SEC Rejects Spot Offering

The investment firm VanEck’s bitcoin futures exchange-traded fund (ETF) is set to debut on the Chicago-based CBOE exchange next week, going live after delays since winning SEC approval in late October. The CBOE said in a notice on its website that the new VanEck Bitcoin Strategy Fund will start trading under the ticker symbol “XBTF” on Tuesday, with a new-issue auction to open trading around 9:30 a.m. ET followed by dissemination of index data. The launch date announcement comes just after the U.S. Securities and Exchange Commission (SEC) late last…

Will the Holiday Season Bring Gifts or a Lump of Coal for Bitcoin Investors?

If inflation continues to climb at current rates or faster, “you’re going to see, I think, some panic selling,” Moya predicts. “Typically, when we have a major risk reversal on Wall Street, because bitcoin has been one of the most profitable trades out there, you’ll probably see some weakness. So, at some point, within the next few months, you’ll have a decent pullback, maybe 10% or possibly 20%. But then I think ultimately, the long-term bullish trend will reassert itself.” Source link

Why are major global brands experimenting with NFTs in the Metaverse?

Blockchain is a core technology that differentiates itself from other technologies by having solved the double expense with the emergence of the Bitcoin blockchain in 2008. Nonfungible tokens, or NFTs, were driven by blockchain technology which brought scarcity and interoperability to nonfungible tokens. But, what do blockchain technology and NFTs have to do with Metaverse? Why are large companies experimenting with NFTs in Metaverse? The Metaverse The term “metaverse” first appeared in 1992 when Neal Stephenson released his science fiction novel Snow Crash. In this book, humans interact with each…

6 Questions for Anton Bukov of 1inch Network – Cointelegraph Magazine

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Anton Bukov, co-founder of 1inch Network, a distributed network of decentralized protocols. Anton has been writing code for more than 20 years (since he was 12), mostly C++, C#, Objective-C, Swift and SQL. Since 2017, he has been working on blockchain solutions, primarily smart contracts. Anton has contributed to several crypto projects,…