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Bitcoin Returns Above $43K; Resistance Near $45K-$48K

Bitcoin (BTC) buyers are attempting to reverse a short-term downtrend on the charts.Over the past two weeks, price action has been anchored around the $40,000 support level, which is where buyers previously stepped in ahead of the October price rally.Still, the cryptocurrency could face resistance around $45,000-$48,000 as intraday signals approach...

Agoric Raises $50M in CoinList Token Sale to Bring JavaScript Developers Into Crypto

Agoric, a startup dedicated to creating JavaScript-based smart contracts, announced on Thursday it had sold over $50 million of its native BLD tokens in under two hours using the CoinList platform.The public token sale, which took place on Dec. 29, 2021, added to a private sale which garnered some $32 million, announced at the time the Agoric proof-of-stake...

In Long-Awaited CBDC White Paper, Fed Flags Privacy, Financial Stability Risks

The U.S. central bank believes the current financial system might be bolstered by the creation of a central bank digital currency (CBDC), but only one that works within the current network of private banks, rather than a CBDC that the Federal Reserve issues directly to consumers.The Fed released its long-awaited white paper on CBDCs Thursday. It did...

Twitter Launches NFT Profile Picture Verification

For as long as crypto believers have been using NFTs (non-fungible tokens) as profile pictures on Twitter, there’s been skepticism about the durability of “ownership” over these digital assets.Sure, you might “own” that cartoon monkey in your profile picture, in the sense that the token is affixed to your Ethereum address on an immutable, append-only...

Crypto News Roundup for Jan. 20, 2022

This episode is sponsored by Kava.Today's Stories:Bank of Russia Calls for Full Ban on CryptoEuropean Shares Waver as Traders Contemplate Monetary Policy Direction | Financial TimesStock Futures Inch Up After Nasdaq Enters Correction - WSJFeatured Story: What You Own When You Own an NFTThis episode was edited & produced by Adrian Blust.

LIVE BLOG: Congressional Hearing Puts Crypto Energy Use in the Crosshairs

Crypto mining's energy use will be in the crosshairs Thursday as the House of Representatives Energy and Commerce Committee discusses its environmental impact. The Subcommittee on Oversight and Investigations will question five witnesses about proof-of-work consensus mechanisms, how crypto networks are powered and what tools or solutions exist to mitigate...

Can NFTs Be Issued at Scale?

On Jan. 19, Worldwide Asset eXchange, or WAX, plans to celebrate the opening of its 10 millionth cloud wallet by dropping 10 million non-fungible tokens.To celebrate its community loyalty and underscore how this is intrinsically linked to WAX’s success, each account holder will get their own provenance-proven digital pin.If you’ve ever minted and sold...

Jefferies Sees the NFT Market Reaching More Than $80B in Value by 2025

The convergence of the digital and physical worlds is taking shape, with non-fungible tokens (NFTs) allowing brands to expand their reach into “digitally-enabled experiential tie-ins,” investment bank Jefferies said in an analyst note.The bank raised its NFT market-cap forecast to more than $35 billion for 2022 and to over $80 billion for 2025, analysts...

Prada, Adidas Launch NFT Project on Polygon

Italian luxury fashion house Prada and sportswear giant Adidas, which recently ventured into the metaverse, have joined forces to launch a new non-fungible token (NFT) project built on the Polygon network. The project will allow fans to contribute their own designs.Prada and Adidas Originals said they will auction a collection of NFTs designed by the...

SEC Rejects First Trust SkyBridge's Spot Bitcoin ETF Proposal

The U.S. Securities and Exchange Commission (SEC) has rejected the proposal to list a spot bitcoin exchange-traded fund (ETF) by investment advisory firm First Trust and hedge fund SkyBridge Capital.The SEC's decision comes around four weeks after it rejected investment firm Kryptoin's proposal to list a spot bitcoin ETF. The commission had previously...

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