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Day: April 17, 2022

Chinese Banking Associations Target NFTs

As the market heats up, the tokens are increasingly under the microscope in China. China’s Internet Financial Association, the China Banking Association and the China Securities Association want to “resolutely curb” the tendencies of non-fungible tokens (NFTs) to be made into financial products and securitized and to limit the risk of illegal financial activities related to the …

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BITREFILL PARTNERS WITH NBA STAR FOR BITCOIN SMART SNEAKERS

Bitrefill partners with Spencer Dinwiddie to launch a smart sneaker capable of displaying the BTC price in real time with a node built into the shoe box. Bitrefill is partnering with NBA star Spencer Dinwiddie to launch Bitsneaks, a high-tech sneaker capable of displaying the real-time price of bitcoin. The sneakers have cellular internet connectivity …

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Bitcoin holds $40K over Easter but thin liquidity, ‘capitulation’ risk haunt traders

Expectations remain that Bitcoin will head lower in the short term as price compression becomes the main chart feature of the Easter weekend so far. Bitcoin (BTC) chose compression over the Easter weekend, sparing nervous traders a fresh dive below $40,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Derivatives traders take no risks Data from Cointelegraph …

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Crypto bosses say the ‘tide is turning’ on regulation

KEY POINTS Binance CEO Changpeng “CZ” Zhao said “the tide is definitely turning” on crypto regulation, with governments beginning to take a more positive approach to the sector. The U.S. and Britain have both announced moves to bring regulatory oversight to the nascent crypto market. Governments want to foster innovation — but they’re also cautious …

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Tony Hawk’s Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs will come with the physical skateboards signed by Hawk. Tony Hawk to Drop Another NFT …

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Blockchain in Supply Chain Market Anticipated to Top $14.88 Billion by 2028

The increasing adoption of product traceability for enhanced transparency in manufacturing processes and the urge for optimized security will make blockchain in the supply chain market surpass $14.88 billion by 2028, according to a report by Research Dive. The study noted that the compound annual growth rate (CAGR) would be 57.4% during the forecast period between 2021 …

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Regulations set the table for more talent, capital and building in crypto industry

Regulatory involvement in crypto is an indication of the industry’s maturity and longevity, encouraging bright ideas, minds and money to enter the space. The feeling in the crypto and decentralized finance space has been shifting and evolving. The industry is also becoming more scrutinized and, inevitably, more organized. Some weeks ago, United States President Joe Biden signed …

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Market Wrap: Cryptos Mixed Amid NFT Slowdown, Meme Coin Surge

During a shortened week in traditional markets, with U.S. stock exchanges closed on Friday, bitcoin struggled for direction, hovering around $40K, while DOGE and SHIB experienced wild swings. The Market Wrap team is out of the office on Friday because it’s a CoinDesk company holiday, with most traditional markets closed in the U.S. For the …

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BITCOIN MAGAZINE PARTNERS WITH NBA STARS FOR UKRAINIAN RELIEF

Bitcoin Magazine partnered with two NBA stars to drive humanitarian relief efforts for those affected by the Ukrainian conflict with a new “Shoe-R” code. Bitcoin Magazine is partnering with two Ukrainian NBA stars to raise funds for humanitarian efforts as a result of the war in Ukraine. Svi Mykhailiuk of the Toronto Raptors and Alex Len …

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35% of Nigerians Have Entered the Crypto Market in the Last 6 Months, Study Shows

Nigerians are entering the crypto space because of the lack of affordable financial services and high inflation rates, given that 35% of them were engaged in this sector in the last six months, according to a study by crypto exchange KuCoin. KuCoin suggested that cryptocurrencies were filling the gap in the traditional currency-based market because Nigerians are using them …

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