Category: TRENDS IN CRYPTOS

CAN CRYPTO TURN AROUND TURKEY’S CURRENCY IMPLOSION? Turkey’s economy has been rocked by a currency crisis. After the central bank lowered borrowing charges for the third month in a row, the Turkish Lira reached a new low versus the US Dollar. The bank lowered a “key rate by one percentage point,” according to The Wall...

Plenty of crypto analysts have been predicting an “altcoin season” that may roughly coincide with the 2021 holidays. Some of the factors are technical. Those who track such things have reported that some large bitcoin addresses sold to help spur the recent 10-plus percent dip in bitcoin. Those whales may well be buying back the...

On 25 October, the Central Bank of Nigeria issued the eNaira, Africa’s first digital currency. The continent’s most populous country has now joined six Caribbean nations that previously have welcomed electronic currencies. In the currency’s first 10 days in circulation, more than 400,000 people created digital wallets to accept the eNaira, the bank reported. The...

The market for non-fungible tokens (NFTs) could eclipse that for cryptocurrencies, Brian Armstrong, co-founder of crypto exchange Coinbase Global, said in a conference call last week. A non-fungible token is a unique collectible traded and stored on the web, the digital equivalent of a painting, celebrity’s autograph, or baseball card. Coinbase will launch its own...

SEC PROTECTED INVESTORS FROM 12-THOUSAND PERCENT GAINS. Yes, the headline is sarcasm. The SEC’s rejection late last week of a “Spot Bitcoin” ETF was hardly the first time the federal agency acted to bar non crypto tech savvy investors from gaining exposure to bitcoin. A spot bitcoin ETF was actually first proposed in 2013. If...

A recent startup has shown how blockchain development entities and traditional gaming companies are joining to transform the industry. Forte, based in the U.S., recently announced it secured $725 million in a Series B fundraising round. As interesting as the news itself, was the list of those behind the initiative. It includes some third generation...

Hybe, the South Korean recording label behind global favorite K-pop boy band BTS, has partnered with the country’s biggest crypto exchange to issue non-fungible tokens (NFTs) based on the band. The label will issue digital photo cards of band members, complete with video and sound, as NFTs, which can be bought and sold on the...

“In New York, we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor,” tweeted Eric Adams, elected the Big Apple’s mayor earlier this month.  “NYC is going to be the center of the cryptocurrency industry!” he added. Adams topped Miami mayor Francis Suarez, who said on...

MID-SIZED CITIES LEADING CRYPTO HIRING. The largest percentage of crypto expertise hires in 2021 have been happening in regional mid-sized cities. That’s according to a study by professional networking website Linkedin, commissioned for Bloomberg. Some of the noted trends involved cities like Austin, TX and Salt Lake City, UT. At least two persons were employed...

Right now an estimated 50 percent of computing power the world over is sitting idle at any given time. Instead of big tech cloud service solutions like Amazon’s AWS or Google or Microsoft building out more capacity, what if there were a way to put infrastructure already online to use? Cudos is a blockchain project...