Category: Blockchain

U.S. Inflation Hits a 30-Year High – Is Bitcoin Cementing its Status as an Inflation Hedge?

Bitcoin (BTC) continues making significant strides because it has been smashing historic highs one after another this quarter. For instance, the leading cryptocurrency recently broke its previous record of $68,500 by hitting $69K.  Institutional investment has played an instrumental role in this rally as big money moves continue trickling in the BTC network.  Lucas Outumuro,

Sotheby’s to Accept Ether in Live Bidding for Sale of Banksy’s Works

Sotheby’s auction house will be accepting Ethereum (ETH) cryptocurrency during live bidding for its upcoming virtual exhibition, where two of Banksy’s artworks will be up for sale. The 277-year-old British auction house will be holding the auction on November 18 at its “headquarters” in Decentraland – a decentralised 3D virtual reality platform – making it

Miami Plans to Distribute “Bitcoin Yields” To Local Residents

Miami wants to become the first city in the United States to give a Bitcoin yield to its residents. Francis Suarez, the current mayor of Miami and a strong crypto advocate announced on November 11 that Miami plans to share with its residents some of the gains being made from the city’s new cryptocurrency. He said that

United Nations Showcases NFTs Meant to Foster Climate Change Awareness

The United Nations, through its UN-Habitat program, partnered with Unique Network, Exquisite Workers, and IAAI GLOCHA to take advantage of NFTs to create awareness about the global climate crisis through an initiative called DigitalArt4 Climate. During the United Nations Climate Change Conference or COP26 in Glasgow, Scotland, the  UN showcased the results of the NFT

Metaverse Seen to Bring in Big Investments, Says Morgan Stanley

The metaverse is a booming investment topic, Morgan Stanley said in a research note on Thursday, and stock sectors are already making the most of it. Since major companies such as Meta Platforms (formerly Facebook) and Microsoft have already started to build metaverses on their own company platforms, the internet’s next big thing has gathered a

Binance Exchange Mulling Plans to Establish Central Headquarters in France

Binance Holdings Ltd, the operator of the world’s largest digital currency trading platform by volume, has its eyes on France as a likely location of its central operating headquarters. In an interview with the French media channel, Les Echos, Binance Chief Executive Officer, Changpeng Zhao (CZ) said that the trading platform started off its services

Bitcoin on Exchanges Slip as Long-Term Holders Stay Put

Bitcoin (BTC) balance on crypto exchanges continues to dip, as acknowledged by IntoTheBlock. The data analytic firm explained: “Bitcoin balance on exchanges continues to decrease. IntoTheBlock netflows indicator reveals that just over the last 30 days, more than 59,000 BTC left centralized exchanges, with 2 big outliers on Oct 25 and 29th.” Once

Ethereum’s Open Interest Surges to Historic Highs of $13B

Even though Ethereum (ETH) had retraced to the $4,655 level during intraday trading, the second-largest cryptocurrency has been on overdrive by hitting historic highs after another. For instance, ETH set an all-time high of $4,650 earlier this month, and days later, it broke this record by topping $4,800. Therefore, Ethereum has defied many odds to

Game Developers Have Increasing Interest in Blockchain and NFTs Products, says Stratis Survey

A new survey commissioned by a blockchain protocol, Stratis, and conducted by Opinium has thrown more insight into the disposition of developers with respect to the integration of blockchain technology and its associated innovations, including decentralized finance (DeFi) and Non-Fungible Tokens (NFTs) into video game production.  The survey, which draws respondents including 197 video game