Category: Cryptocurrency News

Creditors of a South African crypto trading firm, Africrypt, have agreed to a proposal recently tabled by an unnamed investor who is seeking to resuscitate the collapsed company. Africrypt’s Intellectual Property In addition to paying $4 million — which will be used to pay off some of the crypto firm’s debts — the investor is […]

submitted by /u/Dylleriz [link] [comments]

One of the hottest trends in the crypto industry, Non-Fungible Tokens (NFTs) have ushered in a new wave of crypto adoption. As nascent class created for the digital world, NFTs are yet to exhaust their use cases. The sports entertainment sector has been particularly keen to embrace this new technology supported by the blockchain. In this outlook, with an increasing demand for NFTs and a generation of people eager to own digital assets, SporsIcon offers users a way to experience the sports they love on a whole new level. Designed to be the best platform for sports NFTs, the project will work with the greatest athletes of several disciplines to provide fans with a unique look into their careers and their most important moments. Developed with support from Dapper Lands, its CEO Roham Haregozlou, and recently deployed on the Flow network, the blockchain supported by NBA Top Shot. SportsIcon has been created with the objective of becoming the main hub for sports NFTs. Its gasless and low-cost transactions make it a perfect place for big players and especially retail investors looking to access never before seen and high-quality content about top athletes. These legendary sports figures have joined forces with SportsIcon to curate a collection that will look upon their lives and careers as no other production has done it before. Filmed with cinematic standards with a team of directors and professionals from the entertainment industry. In addition, SportsIcon will let teams, athletes, and sporting organizations design, create, and drop their own collections to commemorate a milestone or celebrate a sporting event. Chris Worsey, Founder of SportsIcon claimed, The coming decade will be remembered as the Age of Digitization, and as if often the case with technological innovations, it will be led by the sports industry. NFTs provides the most passionate fans (the ability) to own a unique piece of sporting history in a manner previously unavailable. Connecting Fans To Their Sport Heroes Upon its launch, fans will have access to a collection comprised of 27 NFTs, each divisible into 9 different chapters. They will tell the story of key sports figures and will have more rarity as the chapters are launched on the platform. As Worsey said in an interview for TechCrunch, SportsIcon stands out from the competition because it “invest in the content”. It has the objective of providing fans with real value while developing a relationship with athletes and the platform’s community for the long run. SportsIcon has received support from major figures in the sports industry, such as former NBA stars like Nihal Mehta and Andrew Bogut. Other investors include legendary rapper Nas, very well known for his multi-million profits as an earlier investor in companies such as Coinbase, FOX Sports’ Mike Vick, Romelu Lukaku, Mexican soccer team Pumas. In the future, SportsIcon will work to bring more athletes and organizations from all over the world to offer their NFTs on the platform. In addition, the team behind the project has announced the launch of an IDO, more details and the Q4 specific rollout date will be revealed via their official channels. SportsIcon seems poised to increase the utility of this nascent asset class in an attempt to definitely cement it into the mainstream.  

First major upgrade in four years set to accelerate Bitcoin innovation  After briefly eclipsing all-time highs on shocking inflation figures, Bitcoin settled down to finish the week with 2% losses as the long-awaited Taproot upgrade was activated At its peak on Wednesday, Bitcoin flirted with the $69K level. Within a few hours however, fresh fears of an Evergrande-induced financial collapse swept over the market, dragging cryptoassets down alongside the S&P 500. Adding to the blow, the Securities and Exchange Commission then denied another spot Bitcoin ETF application on Friday. This volatility capped gains in the altcoin market, with most smaller cryptoassets finishing the week in the same place they started. However, Zcash, and Litecoin, which both share DNA with Bitcoin, enjoyed double-digit gains as their big brother got an upgrade. This Week’s Highlights Taproot upgrade set to accelerate Bitcoin innovation Bitcoin hits record high on inflation fears eToro lists SushiSwap, Axie Infinity, Quant, and Chiliz Taproot upgrade set to accelerate Bitcoin innovation Bitcoin’s first major upgrade in four years rolled out on Sunday, introducing Schnorr signatures and scripting capabilities to the flagship cryptoasset. Known as Taproot, the upgrade will allow for greater levels of privacy, cheaper transaction costs (particularly for more complex transactions), and improved programmability for simple applications such as multisignature schemes. The additional functionality is expected to accelerate Bitcoin innovation over the coming years, and could boost valuations too. SegWit, Bitcoin’s last major upgrade, took place in August 2017 and was followed by a monster rally that saw prices quadruple. Bitcoin hits record high on inflation fears Ever since legendary investor Paul Tudor Jones said Bitcoin was the “fastest horse in the race”, the cryptoasset been more widely considered an inflation hedge and a viable alternative to gold. This safe haven appeal was showcased on Wednesday, when Bitcoin bolted out the stable on hot inflation data, leaving gold behind as it surged beyond record highs near $69K. Although the price fell shortly afterwards on fears of an Evergrande default, Bitcoin’s reaction to the news cemented its newfound role as an inflation hedge. This reflects the view of Bloomberg analysts, who found in a recent study that “the importance of inflation and hedging against uncertainty” have become more important drivers for Bitcoin, “accounting for 50% of price moves in the latest cycle relative to 20% in 2017.” eToro lists SushiSwap, Axie Infinity, Quant, and Chiliz eToro has listed SushiSwap (SUSHI), Axie Infinity (AXS), Quant (QNT), and Chiliz (CHZ), taking the total number of cryptoassets available on the investment platform to 40. SushiSwap is a decentralized exchange based on the automated maret market model (AMM), Axie Infinity is a Pokémon-inspired blockchain-based game, and Quant is an enterprise-grade interoperability solution for connecting public blockchains. Last but not least, Chiliz is the leading blockchain for sports and entertainment — an industry close to eToro’s heart as one of Europe’s biggest football club sponsors. Note: These new cryptoassets are not yet available in the US. Week ahead As Bitcoin consolidates around all-time highs, traders are keenly awaiting a catalyst to tip prices towards $70K, or the much-anticipated meme level of $69,420. In the week ahead, prices could be buoyed by talk of inflation, which is likely to remain a hot topic amid earnings reports in traditional markets. Elsewhere, Stellar could be in the spotlight as the altcoin hosts its annual community conference on Wednesday and Thursday.

There are a fair amiubt of comments that they'd sell if gas prices serene so high so they're HODLing (perhaps not the best reason to go with s coin). Reading around its difficult to determine whether gas feed will improve in the future, whether its better to go for another coin, even considering the price…
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It may be a tempting sell at 3x gains but last November’s buyers remain determined to “hodl.”

I've noticed that everytime I mention XMR on this subreddit my comments get down voted to oblivion, is there a particular reason that this community doesn't like XMR? And if so what are the reasons. Personally I believe is one of the strongest projects out there with an actual useful usecase. It can be actually…
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Here is A link to my brand new NFT. Im just getting into ethereum and wanted to learn more about the blockchain, so yeh here it is. submitted by /u/korbin26 [link] [comments]

I reside in the US and live with my parents currently due to COVID. I began investing in crypto just last year. I also got laid off last year due to COVID and I shifted to some freelancing work and graphic design and invested in ETH whenever I've had a few extra bucks to spare.…
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