Category: Crypto Flash News

Crypto documentary ‘Bull Run’ takes on Bitcoin, tokenization and trading addiction

coiner

The film industry has been suggested by many as one of the next frontiers of Web3 and blockchain technology. With movies historically funded by wealthy investors or centralized production companies, blockchain offers a unique set of tools to decentralize the investment process. Filmmakers can launch projects quicker, and individuals can have a stake in the financial outcome of a film in a way not historically possible — all with the benefit of blockchain’s transparency and efficiency. The trend toward tokenization in all forms of entertainment is growing, and with it…

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SOL, LINK, NEAR and THETA flash bullish as Bitcoin takes a breather

coiner

Bitcoin (BTC) has been consolidating above $35,000 for several days, but the bulls have failed to resume the uptrend above $38,000. This suggests hesitation to buy at higher levels. BitGo CEO Mike Belshe said in a recent interview with Bloomberg that there is likely to be another round of rejections of the spot Bitcoin exchange-traded fund applications before they are finally approved. Multiple analysts believe Bitcoin will enter a correction in the near term, with the worst outcome projecting a drop to $30,000. However, the fall is unlikely to start…

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Tornado Cash users file appeal over judgment in favor of US Treasury

coiner

A group of Tornado Cash users has filed an appeal in federal court following a ruling upholding the United States Treasury Department’s decision to add the cryptocurrency mixer to its list of sanctioned entities. In a Nov. 13 filing in the U.S. Court of Appeals for the Fifth Circuit, lawyers representing plaintiffs Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon, Kevin Vitale and Nate Welch argued that the U.S. Treasury “stretched [its] authority beyond recognition” in sanctioning Tornado Cash transactions. The filing came in response to an August…

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Microsoft enters $100M partnership with Canadian firm after quantum breakthrough

coiner

Canadian quantum computing firm Photonic has emerged from stealth to raise $100 million for its all-silicon quantum computing platform. Among the investors is new partner Microsoft, who will co-develop quantum networking solutions with the startup. The investment and partnership come as numerous experts in the industry laud Photonic’s novel approach to quantum computing as a “breakthrough” for the field. We’re joining forces with @TeamPhotonic to enable future quantum networking over long distances—and to integrate Photonic’s scalable quantum computing offering into Azure Quantum Elements. Learn more: https://t.co/S8nTpNuEIY #AzureQuantum — Azure Quantum…

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Blockchain adoption continues unabated — Bloomberg analyst

coiner

Should the current rate of adoption continue, blockchain technology could have 100 million daily users by 2028, according to projections by Bloomberg Intelligence analyst Jamie Coutts.  On X (formerly Twitter), Coutts pointed out that blockchain adoption has been “unabated” throughout bull and bear markets over the past years. “Not having exposure to one of the largest structural trends of the next decade could be costly,” said the analyst. Daily active addresses exceed 5 million in the third quarter of 2023, up 14% from 2022, according to Coutts, while quarter-on-quarter growth…

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Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

coiner

Bitcoin’s reluctance to give up ground has attracted strong buying in select altcoins. Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last week and 2.39% the week before. This shows that Bitcoin has decoupled from the S&P 500 Index in the short term and may chart its own course. However, the path higher may not be easy. The Federal Open Market Committee’s meeting on Nov. 1 may cause some volatility, but it will li be short-lived as no surprises…

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Court-ordered NFTs and the importance of Web3 randomness: Nifty Newsletter

coiner

​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about how a nonfungible token (NFT) became a focus point in a Singapore court battle, learn about the importance of decentralized randomness in the Web3 gaming sector and find out why Universal Music Group is suing Anthropic over copyright infringement. Singapore court authorizes freeze order…

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Binance shutting down European Visa debit card in December

coiner

Binance Visa debit card services will close down in the European Economic Area (EEA) on December 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance accounts will be unaffected. According to a Binance letter to customers posted online, the Binance card issuer, Finansinės paslaugos “Contis” — or Contis Financial Services — will stop issuing the card. Contis is a Lithuanian electronic money institution and currency exchange operator owned by German banking-as-a-service platform Solaris Group, which is active in 30 European countries. The Binance Visa debit card converts…

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Bitcoin signals potential range expansion— Will SOL, LDO, ICP and VET follow?

coiner

The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However, the Bitcoin (BTC) bulls did not have any such luck as Bitcoin is on track to end the week down more than 3%. Bitcoin’s weakness and the regulatory overhang have kept crypto investors away from altcoins.…

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Polygon (MATIC) rally comes to an end as competitors devour market share

coiner

Polygon’s native token (MATIC) experienced a 16.4% rally that coincided with the launch of Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved stronger than anticipated, and was followed with a 10.6% decline over the six days leading into Oct. 10. This decline was exacerbated by negative news regarding the departure of a key co-founder and weak activity in Polygon’s zero-knowledge (ZK) rollup subnet. Polygon (MATIC) 12-hour price, USD. Source: TradingView MATIC’s price has wiped out previous gains from the early October rally, erasing the bullish…

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