Axie Infinity virtual land slot sells out for 550 ETH

In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies, and complete daily quests. They are also NFTs can be bred (minted), bought, and sold freely. ✨A Genesis Land Plot just sold for 550 ETH! That’s over 2.3 M USD! Our player-owned Digital nation continues to shock the world pic.twitter.com/SVvAtFNYUF — Axie Infinity (@AxieInfinity) November 24, 2021 The game takes…

Has Bitcoin solidified support at $58K and what’s going on with the Metaverse boom?

Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown:  After the market news update, we have a chat with our special guest Michaël van de Poppe about Bitcoin’s dominance, its next all-time high, the factors he considers when looking at new coins and what indicators he uses to determine entry and exit points in the markets. Using insights from Cointelegraph’s Markets…

Hillary Clinton Is Worried About Crypto, Apparently

Key Takeaways Hillary Clinton has warned that cryptocurrencies could destabilize the U.S. dollar. In an interview with MSNBC, she commented on the power social media companies have, as well as the possibility of states such as China or Russia intervening to destabilize fiat currencies. Clinton advocated for regulating the sector Share this article Former presidential candidate Hillary Clinton has reiterated her fears concerning crypto’s potential to destabilize countries and undermine the role of the U.S. dollar as a reserve currency. Hillary Clinton Calls for Crypto Regulation Hillary Clinton has reiterated…

Ethereum bulls likely to profit $130 million on ETH options despite two-week slump

Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price. Despite outperforming Bitcoin (BTC) by 16% in the past month alone and the ETH/BTC pair climbing to 10-week highs, Ether seems to be struggling with its own success. Ether/USD price on Bitstamp. Source: TradingView Users continue to complain about Ethereum gas fees,…

Phemex Trader’s Arena 4: $750,000 up for grabs

Share this article Phemex is excited to announce the launch of the 4th edition of their highly popular trading competition – Phemex Trader’s Arena Team up and battle it out for a prize pool totaling up to $750,000 with Phemex Trader’s Arena Previous PT Arena competitions only counted inverse BTCUSD contract trades, but this time all contracts available on Phemex will count. The main prize pool and structure remains the same, but this time Phemex is adding an additional reward opportunity for participants who deposit funds into their contract trading account…

Russians transact $5B in crypto each year, Bank of Russia says

Russian people are among the world’s most active participants of the cryptocurrency market, according to the country’s central bank. The Bank of Russia published a fresh review on financial stability on Nov. 25, pointing out the country’s growing role in the $2.8 trillion market. Citing estimations reported by major local banks in July 2021, the Bank of Russia suggested that the total annual volumes of crypto transactions of the Russian population amount to 350 billion rubles, or $5 billion USD. It appears to be unclear whether the Bank of Russia…

Whales Are Accumulating Bitcoin. An Uptrend May Follow

Key Takeaways Bitcoin appears to be preparing to resume its uptrend. Bitcoin whales have been accumulating tokens during the recent downturn. Meanwhile, the overhead resistance barriers are also weakening. Share this article Recent activity on the Bitcoin network suggests that the asset may have reached a market bottom after the significant losses it has recently suffered. Still, there is another supply barrier BTC needs to breach for prices to advance further.    Bitcoin Readies For Higher Highs Bitcoin could be ready for an upward move. The number one crypto has…

Bitcoin bulls risk losing $365 million upon Friday’s BTC options expiry

Bitcoin’s (BTC) price action hasn’t been bullish despite the $69,000 all-time high on Nov. 10. Some argue that th descending channel formed 40 days ago is the dominant trend, and $56,000 marks its current resistance. BTC/USD price on FTX. Source: TradingView Such bearishness follows scrutiny from United States regulators, after a Nov. 1 report from the President’s Working Group on Financial Markets suggested that stablecoin issuers in the United States should be subject to “appropriate federal oversight,” similar to banks and savings associations. On Nov. 12, the Bitcoin-backed exchange-traded fund (ETF)…