Author: Donald Munn
NBA Top Shot, a collaboration between the National Basketball Association (NBA) and Dapper Labs, has announced that it is auctioning off 30 new NFTs representing each NBA team and granting each owner a VIP Pass to the next five NBA All-Stars fan experience. Not only that, music giant Universal Music Group (UMG) is working with Curio to launch Non-Fungible Tokens of record labels. NBA Top Shot, auctioning off 30 new NFTs with All-Stars VIP Passes NBA Top Shot is auctioning off 30 new NFTs with VIP Passes, which include access to the next five NBA All-Stars for lucky future owners.…
A few days ago, the CEO of Intel, Patrick Gelsinger, stated in an interview with Bloomberg that “Bitcoin is a climate crisis”. Bitcoin’s power consumption problem according to Intel He said that a single registration on Bitcoin’s blockchain consumes enough energy to power a house for almost a day and that this would be a climate crisis. But then, by no means coincidentally, during the same interview, he promoted the company’s new mining chip saying it will help solve this climate problem. Hence, this is pure propaganda, also because Gelsinger probably ignores the fact that the energy consumption of Bitcoin…
In a recently published report, investment bank Morgan Stanley has carried out an analysis of the two main cryptocurrencies, concluding that it is cheaper to invest in Bitcoin than Ethereum. Morgan Stanley prefers Bitcoin After criticizing Bitcoin and cryptocurrencies, it seems that the bank has radically changed its mind on Bitcoin, considering it an established asset destined to last. It did however criticize Ethereum as less decentralized than Bitcoin and increasingly struggling in the face of the advance of dangerous competitors, such as Avalanche, Cardano and Solana. “High transaction fees create scalability issues and threaten user demand”. The report reads,…
Yesterday, Minnesota Congressman Tom Emmer posted on his official Twitter profile the response he received from SEC Chairman Gary Gensler regarding the issue of ETFs on spot Bitcoin. We received a response from SEC Chair Gensler to our 11/3/21 letter regarding BTC spot ETFs. This issue remains a priority for us and we will continue to oversee the SEC in its mission to maintain fair and orderly markets and facilitate capital formation. pic.twitter.com/WbgSDj7o0T — Tom Emmer (@RepTomEmmer) February 17, 2022 Tom Emmer vs. Gary Gensler on spot Bitcoin ETFs Emmer comments by saying that this is an issue that remains…
After China imposed a ban on Bitcoin mining last summer, many mining companies immediately found safe haven in the state of Texas, ruled by crypto-friendly Greg Abbott. In a few short years, the oil and gas-rich US state has welcomed thousands of miners and emerged as the world’s cryptocurrency mining hub. Bitcoin mining in Texas In a recent interview the president of the Texas Blockchain Council, Lee Bratcher said: “Texas has some of the lowest energy costs in the world. Wyoming and Arizona took the lead in creating state regulatory and public policy frameworks that were friendly towards blockchain technology.…
Yesterday, 17 February, Bakkt Holdings announced its financial statements for the fourth quarter of last year and therefore for the whole of 2021. Bakkt’s balance sheet in 2021 During 2021, Bakkt had earnings of $39.5 million but had far greater expenses of over $250 million, so the company is at a net loss to date. Bakkt’s 2021 balance sheet Despite the losses, according to these figures, the company grew by 45% compared to the previous quarter. In the press release, the company also explained that it expects to grow in 2022 to earnings of between $60 million and $80 million,…
SPONSORED POST* Kyrrex, a global investing, payment, and financial ecosystem and the world’s first digital bank, is proud to announce to all crypto community a new partnership between Kyrrex and the Pramac Racing team competing in the MotoGP World Championships. Why you should check Kyrrex Partnership with Pramac Racing Team According to this partnership, Kyrrex will become an official sponsor for Pramac Racing and their MotoGP team. The Pramac Racing team is represented by two phenomenal riders – Johann Zarco, the 31-year-old Frenchman, and Jorge Martin, the 24-year-old Spaniard. Kyrrex is is the first crypto-fiat digital bank bridging finance, payment…
The BitMEX exchange has just published a report outlining what are likely to be the new crypto industry trends for 2022. Ready for reading Our report on five ways the world of #crypto will change in 2022 is now live: https://t.co/hGvASxW5gX TL; DR? Here are our predictions for the year ahead pic.twitter.com/S1MxV9fqav — BitMEX (@BitMEX) February 17, 2022 The crypto trends of 2022 Women on the rise The first element highlighted by BitMEX researchers is that of women, who according to the report will be the real stars of the new year in the crypto world. Until now, the sector…
SPONSORED POST* Trading at just over €1,000 at the start of 2021, it tripled in value in one year, touching €3,000. These 2 numbers alone are enough to describe what a year Ethereum has had, leading investors to triple their capital in one year. If 2021 was a year of great growth for cryptocurrencies, Ethereum was certainly among the most popular digital currencies that reported the best performance. Such success makes many ask the inevitable question: will buying Ethereum in 2022 be as successful? It is useful to list some key elements of this cryptocurrency, which represents 346.98 billion in…
President Alexander Lukashenko of Belarus has signed a decree to establish a registry for crypto wallets. This decision is part of a desire to better facilitate the circulation of cryptocurrencies. Belarus regulates crypto wallets As explained in an official press release, the desire to allow the free circulation of cryptocurrencies remains firm. Indeed, it reads: “Belarus is consistently developing the legal field for regulating activities related to digital assets, and, unlike many other states, allows free circulation of digital currencies. At the same time, this requires constant monitoring of the situation and, if necessary, supplementing and clarifying regulatory norms. Including…