cryptocurrency trends

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MoonPay quietly set up a concierge service to help celebrities buy NFTs

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Crypto payments firm MoonPay has quietly launched a new ‘concierge service’ to help celebrities and the super-rich purchase non-fungible tokens (NFTs) and cryptocurrency.   The company has been working with television host Jimmy Fallon and Post Malone, the rapper, as clients for a beta version of the service.  Both men have recently touted items they’ve acquired from the Bored Ape Yacht Club collection, which currently cost a minimum of 43.9 ether (or $186,000) a piece.  Fallon tweeted a picture of Bored …

‘NFT’ named top word of the year by the dictionary publisher Collins

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advertisement Collins, a dictionary publisher founded in 1824 recording over 4.5 billion words, named “NFT,” or ‘non-fungible token,’ as the top word of the for 2021.   “It’s certainly a buzzword we’ve heard over and over again in the past 12 months, in breathless news reports and on social media,” the publisher wrote in a Wednesday blog post, describing it as the intersection between internet and money.  As The Block’s data shows, interest in NFTs exploded in 2021. NFT transaction volume …

Bitcoin trades at over 3% discount in India

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Bitcoin and other cryptocurrencies are trading at a discount in India after the country’s government listed a crypto bill in Parliament for discussion yesterday. At the time of writing, bitcoin at WazirX is trading at around 40,90,000 Indian rupees (around $54,900) compared to $56,750 on Binance — a difference of over 3%, which is significant. The discount was over 15% last night and earlier this morning on various Indian crypto exchanges, but it appears to be narrowing now. Source: WazirX …

A company just made the largest virtual land purchase for $2.5 million USD

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On Tuesday, a Canadian investment firm that focuses on decentralized finance (DeFi) called Tokens.com purchased nearly $2.5 million worth of virtual land in the platform Decentraland. Specifically, Tokens.com purchased 116 parcels of virtual land for a total of 618,000 MANA, the native currency of Decentraland, according to a company release. The company claimed the purchase represented the largest transaction of its kind to date. Tokens.com purchased the land through the virtual real estate firm Metaverse Group, which offers virtual land …

ConstitutionDAO is coming to an end

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A ragtag effort to raise enough money to buy a rare copy of the US Constitution is coming to an official end after the group failed to win at a Sotheby’s auction last week. In a Discord message to supporters, donors and contributors, core team member Graham Novak wrote that despite explorations of alternative uses of the nearly $48 million raised, it was “determined that building and maintaining an ongoing project is not something that we as a core team …

Fold launches Pokémon GO-like game that rewards players in bitcoin

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Fold, a crypto firm that operates a debit card and an app to provide bitcoin cashbacks for shopping, has launched a Pokémon GO-like game that rewards players in bitcoin. The game was first announced in August when Fold opened a waitlist for it. Today the game has been officially launched, and Fold said it has partnered with the Pokémon GO creator Niantic for the same. The game is called Fold AR (augmented reality) and is available within the Fold app. It allows …

OlympusDAO mistake lets user spend $50,000 to buy $1.43 million in OHM

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A mistake enabled someone to spend $50,000 to receive $1.43 million of olympus (OHM) tokens when they should have received far less, according to an update in the OlympusDAO Discord. “Earlier today someone bonded an OHM/DAI bond that was presumed to be closed off. This enabled the user to have a substantial discount resulting in the user receiving 1697 ohm instead of 59 ohm. After this occurred, we took immediate action and the bond contract has been shut down in …

Indian government is expected to introduce a crypto bill in Parliament

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The government of India is expected to introduce a crypto bill in the winter session of Parliament, according to an official bulletin. The bulletin, published Tuesday, lists “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” for introduction, consideration and passing. The bulletin is published by the Lok Sabha — the lower house of India’s bicameral Parliament. It confirms recent reports that said a crypto bill will be presented in the winter session of Parliament, which begins on November …

Mapping out New York’s blockchain ecosystem

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November 22, 2021, 4:44PM EST • 29 min read Quick Take New York City’s crypto/blockchain ecosystem has developed significantly over the past few years, seeing notable growth in DeFi and Gaming/NFT projects and companies. To engage in cryptocurrency activities a business must possess a BitLicense which is issued by the NYSDFS (New York State Department of Financial Services). The block has identified 20 verticals which includes 248 blockchain related companies and protocols. Given the sheer amount of growth and significance …