BitUp Rises 1200% On Market Debut After Introducing Bitcoin Rewards

BitUp Rises 1200% On Market Debut After Introducing Bitcoin Rewards

BitUp token, a digital asset with rebase capabilities, has experienced a sharp spike of about 1200% on market debut. Notably, BitUp has reportedly attracted approximately 3,000 holders seeking to enjoy the ever-rising token. Additionally, holders of the BitUp token are rewarded with Binance Smart Chain pegged Bitcoin tokens (BTCB).

The BitUp token has a self-marketing structure whereby the chart has an ever-rising trend, despite market dips that happen unexpectedly. By virtue of an automatic bullish chart, the team behind BitUp anticipates attracting more users globally seeking an investment that never drops in value.

“BitUP also includes a sophisticated smart contract that continuously lowers the supply of the cryptocurrency. This utility is referred to as “Elastic supply,” and it enables the supply to drop continuously, resulting in scarcity and a constantly positive chart for the asset,” the team noted in a press release.

Notably, the supply of BitUp tokens changes on an hourly basis to ensure the chart is ever on the rising mode. Via this technique, the team behind BitUp token anticipates using less capital in marketing.

“In this method, the overall supply is decreased every hour with a negative rebase, causing the price to rise as a result of the decreased supply. The reduction in the number of tokens is countered by a rise in the price, resulting in an unaltered total value for investors’ holdings. Users will continue to own the same percentage of the total token supply as they did before the rebase,” the team further explained.

Built on the Binance Smart Chain, BitUp anticipates setting a new pace for other BSC tokens by providing an ever-rising token. Consequently, the team anticipates being listed on major exchanges and other platforms including CoinGecko and Coinmarketcap. Through its ever-rising chart, the team forecast BitUp will be on the trending section frequently thus attracting more users with time.

With no exact supply in the market, the team behind BitUp has set a 15% tax to be distributed in the ecosystem. 6% of the tax will be used in marketing and buybacks. 5% is used to reward investors via the Bitcoin reward program. 3% is allocated to liquidity tax to allow the platform to maintain a stable liquidity pool. The remaining 1% of the tax is used for ecosystem maintenance.

Media Contact Details:

Company Name: Bit Up

Website: https://www.bitup.finance/

Telegram: https://t.me/BitUP_Official

Binance Just Took Over Half A Billion Dollars Worth Of BNB Completely Out Of Circulation In 17th Quarterly Burn

Binance Just Took Over Half A Billion Dollars Worth Of BNB Completely Out Of Circulation In 17th Quarterly Burn

On Tuesday, Binance announced that it had burned 1,335,888 BNB valued at approximately $639,462,868.

C:\Users\Newton\Pictures\Screenshots\Screenshot (33).png

Coin burning is a process by which cryptocurrency miners or exchanges periodically take out a certain portion of coins from circulation to control price through supply restriction. This has been a common practice in the cryptocurrency industry and is done to encourage long-term holding by entities holding coins.

Important facts

According to the Exchange, this is the 17th quarterly BNB token burn and “includes the actual burning of 1,318,049 BNB, plus an additional 17,839 BNB that was effectively burned via the Pioneer Burn Program.”

The BNB Pioneer Burn Program is an initiative that helps users who lose their assets in rare circumstances. The last burn was undertaken on July 18 where 1,296,728 BNB tokens valued at approximately $390,000,000 were taken out of circulation leaving Binance an avail of about $2Billion.

The current burn has thus increased that of July by about 62% and was also higher than the $595,000,000 burn in Q1. This means that Binance made nearly $3.12 billion in Q3. Currently, Binance has burned 33,199,679 BNB whose market value is approximately $2.2B.

Binance has committed to burning a certain number of BNB coins until at least half of the total minted coins which is circa 100,000,000 BNB are completely removed from circulation.

Whereas 40% of the total BNB coins (80,000,000 BNB) were originally allocated to the Binance team and remain untouched, this means that when Binance achieves its 50% burn threshold, only 10% of the total coins shall have been left in circulation, driving prices parabolic.

The increase in the number of tokens burnt in October is in tandem with the surge in BNB prices and other positive factors such as the growth of interest by retail and institutional investors in the general crypto industry. BNB has put forth an over 120% recovery since the price dipped in May and is currently trading at $490.

Binance category position has also grown since July’s burn as well as for the year from 69.6% in June to 69.7% in July and 70.3% in August.

Bottomline

Following a string of regulatory headwinds from various governments around the world, Binance CEO CZ in announcing the burn also stated that the exchange had adopted a proactive approach to communications with regulators. 

“We’re transparent and forthcoming and actively seek to have constructive engagements with regulators. For anyone who will listen, we will come in, explain how we do everything and anything else you wish to know,” he said.

According to CZ, there is hope that regulators will engage crypto leaders in finding a more friendly way to regulate the already burgeoning industry.

Crypto market cap breaks $2.5T — is this the season for ETFs?

The combined value of all cryptocurrencies hit $2.5 trillion as the price of Bitcoin and Ether rise steadily.

The total cryptocurrency market capitalization broke $2.5 trillion as the United States Securities and Exchange Commission seems to be open to approving additional crypto futures-linked exchange-traded funds.

According to data from Cointelegraph Markets Pro, the value of all cryptocurrencies has more than doubled since hitting a $1 trillion market capitalization in January. The prices of Bitcoin (BTC) and Ether (ETH) rose to more than $63,000 and $3,800, respectively, as the total crypto market capitalization dipped its toes above $2.5 trillion.

Total cryptocurrency market capitalization. Source: TradingView

BTC remains the biggest cryptocurrency by market cap at roughly $1.2 trillion, ETH in the second position at more than $448 billion, and Binance Coin (BNB) third with $81 billion. KuCoin Token (KCS), Zcash (ZEC) and Polygon (MATIC) have rallied the most among other cryptocurrencies in the last seven days, rising more than 20% to reach prices of $13.99, $142.44, and $1.47, respectively.

One of the indicators for the overall health of the digital asset class, the crypto market cap, is at highs not reached since May when the valuation peaked at more than $2.4 trillion before a major downturn effectively halved it to roughly $1.3 trillion. The surge comes as the first Bitcoin futures-linked exchange-traded fund in the United States began trading on the New York Stock Exchange, providing additional investors exposure to crypto.

Related: All-time highs next? Bitcoin holds $62K as the dollar index tumbles to 3-week lows

The crypto market has faced its share of regulatory and legal challenges in 2021, which could have threatened the prices of major tokens. First hitting a $1 trillion market capitalization in January, the space has reached prices far beyond the highs of the 2017 bull run, with volatility still present across major asset classes.

Bitcoin leads inflows but here’s why it can rise higher

The week has been an exciting for blockchains across the crypto ecosystem, especially after the Bitcoin market moved from fear into greed. What’s more, with the ProShares Bitcoin Futures ETF due to launch on 19 October, there is more optimism than there was during the summer. CoinShare’ s weekly Digital Asset Fund Flows report shed […]

Chimeras Play-to-Earn Metaverse Project Successfully Raised Over $2M In Its Latest Fundraising Round

Chimeras Play-to-Earn Metaverse Project Successfully Raised Over $2M In Its Latest Fundraising Round

Chimeras is thrilled to announce that they have successfully completed their funding round that raised over $2 million.

Chimeras’ funding round saw the participation of leading blockchain investors, which included AU 21, Poolz Master Ventures, Panda Capital, BullPerks, X21, OIG Invest, LVT Capital, Otis Capital, Shima Capital, and Lotus Capital.

As per the announcement, the newly acquired funding will be used for product development and marketing campaigns. The funds will also help the project launch its native token CHIM.

In addition to this funding round, Chimeras plans to hold four Initial DEX Offerings  (IDOs) in the next few days. The first IDO will take place on the Poolz platform on October 26. Two days later, on October 28, the project will hold its second and third IDOs on Ignition and BullPerks platforms. Notably, Chimeras is still negotiation on the fourth IDO. The details of the platform are yet to be disclosed. However, the IDO is scheduled for October 28 on the Secret platform. 

In total, Chimeras has a maximum supply of $75 million CHIM tokens. The initial token supply has been allocated between the team, advisers, blockchain focus funds, and users participating in the game activities. The CHIM token, when fully launched, will be used as an in-game utility 

Chimeras is an exciting play-to-earn mobile game with integrated DeFi farming and NFTs. The Chimeras project is an entertainment Metaverse created to solve issues within the crypto industry associated with the use and incorporation of NFT and yield farming mechanisms for the benefit of its player. The project introduces a vast open-world to monetize on, a mind-boggling variety of cuddly pets, a new territory unlocked through NFTs, and so much more. In addition, the project also seeks to provide a full-fledged marketplace of NFTs and an advanced DeFi-based lending and borrowing mechanism.   

The project has a rich story that has lured many players and landowners today. Chimeras are populated with different characters, including farmers, merchants, alchemist landowners, socials, and creatures. Note, all Creatures in Chimeras are presented in the form of NFTs. This makes them collectible items that can be used sold in the Chimeras NFT marketplace and for in-game combat. The NFT can also be used to reward players. 

For more about Chimeras and the launch of its native token CHIM, visit their main website here.

Follow Chimeras on Twitter.

Join the Chimeras community on Telegram.

Stay up-to-date through Chimeras’ Announcement Channel.

Read the Chimeras blog on Medium.

Buyer Beware: Extreme Greed Is Back In Bitcoin And Crypto

Bitcoin rallies as the first Exchange Traded Fund (ETF) launched by ProShares debuted in the NYSE. The first cryptocurrency by market cap trades at $62,908 with 2% and 9.5% profits in the daily and weekly charts, respectively.

BTC moving sideways in the daily as ETF debuts. Source: BTCUSD Tradingview

The general sentiment in the market flipped bullish as October made its entry, historically a green month for Bitcoin. Traders and operators seem to expect a fresh all-time high in the near term driven by fresh capital coming into the market via the BTC ETF.

Related Reading | TA: Bitcoin Consolidates Gain: What Could Trigger Fresh Rally

At press time, ProShares’ product has seen a $280 million in trading volume. Senior ETF analyst for Bloomberg Intelligence Eric Balchunas claims this makes the Bitcoin ETF part of the top 15 at opening day in terms of trading volume with the potential to become number one if it surpasses $1 billion during the day.

The Fear and Greed indicators have moved to the upside as a consequence of recent events and Bitcoin’s performance. Per an Arcane Research report, The Fear and Greed Index signaled “extreme greed” for the past two weeks.

Related Reading | The On-Chain Metric That Says Bitcoin Is About To Go “Parabolic”

This indicator usually fluctuates at high levels when the crypto market hypes over an event, such as the debut of exchange Coinbase on the public market. In addition, Arcane Research claims Bitcoin experienced a similar phenomenon in 2020 when the bull-run to $64,500 began.

Source: Arcane Research

As a potential positive signal for the bulls, on-chain activity seems to be on the rise as shown by the slight increase in transaction fees on the BTC network. As NewsBTC reported, experts believe this suggests institutional demand for the digital asset is returning.

Bitcoin Sees Increase In Demand, More Upside Imminent?

In support of this theory, Arcane Research records a climb in BTC spot volume. As seen below, this metric saw a sharp decline in May and July, as BTC’s price kept on falling. It started to recover by August and has continued to trend upwards.

Related Reading | Bitcoin Price Smashes Record For Highest Weekly Candle Close Ever

BTC’s trading volume stood at $7.2 billion during October’s second week with the 15th of this month recording a $12 billion intraday volume, Arcane said, the biggest in the past 6 months. The firm said:

The same day, the bitcoin price increased by 7.6%, showing how the biggest daily volumes coincided with the most significant increases in the price. These developments signal a renewed interest in bitcoin after a sleepy summer.

Source: Arcane Research

In the short term, traders could see a rise in volatility due to the BTC ETF effect on the market. The derivatives sector seems to be getting overheated with the Open Interest (OI) points to an uptick in leverage positions.

2/ OI in BTC futures is nearing its all-time high. OI growth reflects an increase in leverage. However, when the price of an asset is increasing, OI measured in USD is bound to go up.

FTX, Binance, Bitfinex, and CME all hit their highest level of OI in the last few days. pic.twitter.com/mXpbIb3UJc

— Delphi Digital (@Delphi_Digital) October 18, 2021

As with the Coinbase debut, too much leverage could lead to a liquidation-driven short squeeze. Whether it will favor the bulls or bears, that remains to be seen.

Shiba Inu Price Analysis: SHIB Stuck in Consolidation, Big Move Inbound?

Key Support level: $0.0000240

Key Resistance level: $0.0000300

Shiba Inu has pumped over 20% off the support level at $0.0000240 to the key resistance sitting around $0.0000300. In doing so, SHIB has formed a large descending channel (in blue). If the price fails to break the resistance level in the next day or two, then Shiba Inu’s price is likely to fall again to support before a breakout.

img1_shib
Chart by TradingView

Technical Indicators

Volume: The volume continues to be weak. This favors a retest of support before any uptrend continuation.

RSI: In line with price, the RSI is forming lower highs on the daily timeframe.

MACD: MACD is bearish on the 12h timeframe, and on daily, the histogram and moving averages just crossed into the negative area. The bears appear in control of price, at least until it arrives close to support, where the bulls have shown that they can propel it by more than two digits in a short period.

img2_shib
Chart by TradingView

Bias

The short-term bias is bearish as long as the price fails to break above the descending triangle. The indicators on the daily timeframe support this view, and a retest of support is more likely before any uptrend resumes. Bulls will be in control of price only when they break the key resistance.

Price prediction for SHIB Price

Further consolidation of the price within the blue descending triangle is expected. SHIB’s price action will intensify only when the price breaks away from this formation. Until then, the key levels highlighted at the start of this analysis should remain valid targets for bulls and bears alike.

As DOGE, SHIB Markets Fall Back, Baby Doge Coin and Dogelon Mars Prices Skyrocket

As DOGE, SHIB Markets Fall Back Baby Doge Coin and Dogelon Mars Prices Skyrocket

Following shiba inu’s 260% gains during the last 30 days, the third-largest meme-based crypto asset in terms of market capitalization, baby doge coin (BABYDOGE), has taken the lead in terms of market performance. Another meme asset, dogelon mars (ELON) has soared 286% this past week. Moreover, during the last seven days, baby doge coin’s price spiked 40% in value and over 3.4% in the last 24 hours.

This Past Week Dogelon Mars and Baby Doge Coin Soared in Value

While bitcoin (BTC) has spiked over the $60K zone and currently rests above $62K per unit, a number of other crypto-assets have followed the leading digital currency’s rise. The original and popular meme-based crypto-asset dogecoin (DOGE) has increased in value 6.4% during the last week, but two other meme cryptos have skyrocketed in recent times.

As far as the top meme-based crypto assets, in terms of market capitalization, two unique tokens have seen massive gains. The spikes in value follow the second-largest meme-based crypto shiba inu’s (SHIB) significant rise a week and a half ago.

The first-largest mover as far as meme currencies are concerned is dogelon mars (ELON), which has increased by 73.6% in the last 24 hours. Weekly stats show ELON is up a whopping 314.8% in value and the crypto asset trades for way less than a U.S. penny at $0.000000619134 per unit.

While dogelon has made it to the third-largest market cap in terms of meme-based crypto assets, ELON’s cap is only $332 million. That’s a far cry from SHIB’s $14 billion market valuation and DOGE’s $32.5 billion.

Baby Doge Moves Up the Ladder to the 4th Largest Meme Currency Market Cap

On August 28, 2021, coingecko’s “Top Meme Tokens” by market cap indicated that dogelon mars held the eighth largest market position. Today, dogelon mars is holding the third spot, but by only $12 million, as the crypto asset baby doge coin (BABYDOGE) has captured the fourth position with $310 million.

BABYDOGE is up 40% this past week and over 3.4% during the last day. Just like ELON, the crypto asset baby doge coin is also trading for less than a U.S. penny. At the time of writing, BABYDOGE is swapping for $0.000000001700 per coin and during the last day, it saw $9,062,901 in 24-hour trade volume.

Meanwhile, SHIB has dropped 6.8% this past week and DOGE is down 3.0% over the last 24 hours. As far as market performance is concerned, dogelon mars and baby doge coin are outshining their predecessors.

What do you think about dogelon mars and baby doge coin spiking in value during the last week? Let us know your thoughts about this subject in the comments section below.

First CryptoNoCurrency App TrustKeys Network Announces its Upcoming IDO and Public Launch

[PRESS RELEASE – Please Read Disclaimer]

The rise of blockchain technology has led to the development of several DeFi projects that make transactions easier. The interesting thing about the technology is it can be deployed in all sectors, whether tourism or entertainment. The DeFi space is continually evolving to meet the ever-changing demand, and with that comes innovative apps designed to cater to these users’ needs.

One of such innovative apps is TrustKeys. TrustKeys is the first-of-its-kind application that fully integrates social networking, decentralized finance, cryptocurrency exchange, and digital asset wallets all-in-one. TrustKeys allows the users to exchange information in an end-to-end encrypted model on the blockchain alongside trading cryptocurrency. So, all information shared and transactions on the blockchain are secure. You don’t only own an account, but also have a platform where you can get a reliable source of information, making it the first blockchain identity social media network.

TrustKeys Network Ecosystem is an All-In-One Solution for Crypto Users

Trading costs on CEXs and DEXs fluctuate constantly, leaving clients confused about the actual cost. DEXs also lack certain instruments to help speculation, and the available ones are complicated to understand. TrustKeys Network has identified the challenges of users in the DeFi space and has come up with a scalable solution that will make information sharing convenient and simple.

Apart from being a blockchain identity social network, TrustKeys have one of the most secure wallets and exchanges. Users can store their digital assets in the digital wallet with a 24-character private key to prevent theft. TrustKeys wallet supports ERC, BSC, and TRC, which are commonly used with digital assets. The network also announced that its wallet would be integrated with NFT soon. TrustKeys supports cross-chain trade exchanges and boosts intelligent routing and AI to offer the best rates.

TrustKeys Network Sets Date for its IDO

To facilitate the growth of the DeFi project, TrustKeys decided to open up its platform to investors by scheduling an IDO. The IDO will introduce the network’s native token TRUSTK, which investors must possess to participate in the IDO. Each investor must have a minimum of $20 worth of TRUSTK. You can buy TRUSTK tokens using USDT or WBNB in a fixed price order on the SuperApp, after connecting your Metamask or Trust wallet.

Presale will be opened on the platform from October 20th – 26th 2021 on the TrustKeys exchange, while the public sale will take place from 27th – 28th October 2021. TrustKeys Network plans to add liquidity to Pancakeswap on 28th October (GMT+7).

About TrustKeys:

Trustkeys Network is a Blockchain ecosystem that includes: Decentralized identity social network, cryptocurrency exchange and digital asset storage wallet. TrustKeys Network was created to help the community have the most complete Blockchain application that meets the needs of investing, storing assets, exchanging information safely and reliably.

Facebook pilots Novi crypto wallet with Coinbase, Paxos

The social media giant still intends to launch Novi along with its Diem payment network once regulatory approval is granted.

Social media giant Facebook has tapped Coinbase and Paxos for its forthcoming Novi digital wallet project, which kicked off its pilot testing phase in the United States and Guatemala on Tuesday. 

Beginning Oct. 19, a small cohort of users in both countries will be able to download the Novi digital wallet app on iPhone or Android devices and add money to their accounts with a debit card. From there, they will be able to send and receive money using Pax Dollar (USDP), a dollar-backed stablecoin issued by blockchain trust company Paxos. 

Facebook selected USDP in its pilot program because of its proven track record and “important regulatory and consumer protection attributes.” Because USDP reserves are fully backed by cash, Novi users will have the ability to withdraw their money in their local currency. 

Customer funds will be custodied with Coinbase, which manages $180 billion in assets.

A spokesperson for Facebook told Cointelegraph the pilot phase will allow Facebook to evaluate the wallet’s core functions and showcase operational capabilities, specifically around customer service and compliance. Novi is also being designed for interoperability with other digital wallets.

The spokesperson also stated that the company has not abandoned support for the Diem network, a permissionless payment system that is still awaiting the green light from Washington. “We intend to launch Novi with Diem once it receives regulatory approval and goes live,” they said.

Related: One currency to rule them all: Facebook’s Diem has global ambitions

Despite significant lobbying powers in Washington, Facebook has run into obstacles convincing senior policymakers to approve Diem. The proposed payment network has gone through several design iterations since 2019, but concerns around money laundering and stablecoins have slowed the approval process. As Cointelegraph reported in September, policymakers have been encouraged by some of the design changes.

Facebook pilots Novi crypto wallet with Coinbase, Paxos

The social media giant still intends to launch Novi along with its Diem payment network once regulatory approval is granted.

Social media giant Facebook has tapped Coinbase and Paxos for its forthcoming Novi digital wallet project, which kicked off its pilot testing phase in the United States and Guatemala on Tuesday. 

Beginning Oct. 19, a small cohort of users in both countries will be able to download the Novi digital wallet app on iPhone or Android devices and add money to their accounts with a debit card. From there, they will be able to send and receive money using Pax Dollar (USDP), a dollar-backed stablecoin issued by blockchain trust company Paxos. 

Facebook selected USDP in its pilot program because of its proven track record and “important regulatory and consumer protection attributes.” Because USDP reserves are fully backed by cash, Novi users will have the ability to withdraw their money in their local currency. 

Customer funds will be custodied with Coinbase, which manages $180 billion in assets.

A spokesperson for Facebook told Cointelegraph the pilot phase will allow Facebook to evaluate the wallet’s core functions and showcase operational capabilities, specifically around customer service and compliance. Novi is also being designed for interoperability with other digital wallets.

The spokesperson also stated that the company has not abandoned support for the Diem network, a permissionless payment system that is still awaiting the green light from Washington. “We intend to launch Novi with Diem once it receives regulatory approval and goes live,” they said.

Related: One currency to rule them all: Facebook’s Diem has global ambitions

Despite significant lobbying powers in Washington, Facebook has run into obstacles convincing senior policymakers to approve Diem. The proposed payment network has gone through several design iterations since 2019, but concerns around money laundering and stablecoins have slowed the approval process. As Cointelegraph reported in September, policymakers have been encouraged by some of the design changes.

EX Sports and Séan Garnier To Issue The World’s First Freestyle Football NFTs

EX Sports and Séan Garnier To Issue The World’s First Freestyle Football NFTs

We’re thrilled to announce that EX Sports is collaborating with self-described underdog Séan Garnier to issue the world’s first freestyle football NFTs. Séan is widely known as the “world’s best urbanballer,” having developed a unique freestyle football technique that combines music and breakdance with elements of football and basketball. He began developing this style after suffering a series of injuries early on in his career; since then, his moves and routines have earned him numerous titles, sponsorships, and awards around the world.

Now, Séan is coming to EX SportsStarting with a pre-launch on October 19th, fans will have the opportunity to purchase packs of original Séan Garnier digital collectibles on the platform, marking the world’s first freestyle football NFT issuance.

“I’ve chosen to work with EX Sports–over all the marketplaces–because I’m aligned with their vision and inspired to help build a marketplace for grassroots sports,” he said. “I’m a freestyler, so the passion and thought they’ve put behind a marketplace for ‘underdog’ athletes like me is amazing. That’s why I want to be part of the ecosystem.” 

Fans can collect and trade NFTs featuring clips of Séan performing some of his signature moves by purchasing the new packs. ​​Séan chose to issue tokenized video clips rather than still images because he believes they have far more potential use cases. “NFTs should be more than just pictures,” he said. “They should have a real purpose.” Each of Séan’s collectibles will link to a full tutorial on how to master the skill featured in the corresponding video clip. “The ultimate purpose of my NFTs will be that the owner can use them in games to train their avatars, and so much more.”

Until now, sports collectibles have been dominated by “big money” sports with billions of dollars at their disposal. It’s easy to find physical sports cards for athletes in the NFL, NBA, EPL, and other major sports federations. But athletes in niche sports are mostly left out of the collectibles market. These sports — games like volleyball, field hockey, badminton, and table tennis — are beloved by billions of fans worldwide. Séan Garnier himself has more than 4.7 million followers on Instagram, 67K followers on Twitter, and 3.38 million subscribers on his YouTube channel. Nevertheless, there are more than 90 officially recognized Olympic Sports that still don’t offer sports cards. 

Building the EX Sports Ecosystem

“The strongest and most powerful use case for NFTs isn’t about lining the pockets of the wealthy. It’s about empowering the little guy—the ‘underdog,’” said Toli Makris, EX Sports’s founder and chief executive. “That’s why we think Séan’s story is hand-in-glove with our mission.”

That mission is to empower athletes outside the mainstream sports world. Our digital collectibles marketplace removes the barriers to entry that niche athletes face when trying to break into collectibles markets, empowering them to build new income streams, develop their personal brands, and connect with fans. Our goal is to expand access to financial opportunities previously only available to athletes in “big money” sports. We want to make sure that the “underdog” can win. 

EX Sports provides athletes with the opportunity to create and sell digital collectibles on their own terms. Each year, athletes can create up to 1,000 limited-edition digital NFTs, a percentage of which are retained by the athlete to hold or sell anytime they choose. The remainder of the cards is sold in packs in exchange for EXS, the platform’s native digital asset. EX Sports is open to any athlete at any stage of their career–our extensive network of partner sports federations spans across sports of all kinds and skill levels. 

Fans who buy digital collectibles on EX Sports can store them in digital albums, trade them with other fans, or sell them for EXS. And soon, fans won’t have to sell their digital collectibles in order to unlock their value. Our unique revenue-sharing model will allow NFT holders to earn EXS each time someone views a video of an athlete whose card they hold.  

EX Sports is built around the belief that digital tokens can empower a new generation of athletes, artists, and creators. In collaborating with an underdog superstar like Séan Garnier, we’re putting this belief into action.

Click here to see more about the collectables, and learn more about EX Sports here.

This Ethereum DeFi protocol rallied by 374% in 24 hours

Ethereum is the king of DeFi, we know that. And even though the network does no need to keep proving its worth to maintain that label, it manages to actually surprise everyone every day. A relatively lesser-known token “NU” a couple of days ago, made records and showed the crypto market how much DeFi can […]

Bitcoin Futures ETF is Live, Generates $500M Volume in Its First Hour of Trading

The moment plenty of people in the cryptocurrency community have been waiting for quite some time is finally here. The ProShares Bitcoin Strategy ETF is live, trading on the New York Stock Exchange.

  • The moment many have been waiting for is here and the ProShares Bitcoin Strategy futures-backed ETF, ticked BITO, is now live and trading on the New York Stock Exchange (NYSE).
  • Data shows that the daily range is between $40.07 as a bottom and $42.1499 as a top, where the ETF currently trades at around $41.22.
  • More interestingly, in just an hour after being launched, the ETF has generated a trading volume of around 11.6 million shares.
  • This means that, in dollar value, the volume is already around $500 million.
  • For comparison, the Vanguard S&P 500 ETF (VOO), which is one of the most popular ETFs, saw around 883,000 shares traded in the same period of time, worth $411 each (at the time of this writing. This translates to roughly around $360 million.
  • It’s also worth noting that BITO is a futures-backed ETF and not a spot-based one, which is a considerable difference.
  • Still, it’s a major milestone in the cryptocurrency industry and one that legitimizes Bitcoin as an investment vehicle across the entire traditional market.
  • As CryptoPotato reported, it’s important to remain vigilant as volatility is to be expected in the coming hours or maybe days, given the significance of the event.

Dotmoovs Launched App Beta Version Aiming for Late 2021 Full Release and NFT Engagement

[PRESS RELEASE – Please Read Disclaimer]

The cryptocurrency space has seen many dominant trends in the past several years. From ICOs taking the main stage in 2017 to decentralized finance in 2020 and NFTs this year. The past several months saw the emergence and rapid popularity increase of the play-to-earn applications, enabling users to benefit from the near-real-life experience and in-app benefits.

dotmoovs, a play-to-earn blockchain-based platform aiming to gamify sports, is attempting to take a large chunk of this market. To do so, the project recently launched its platform beta version and promised to release its application by the end of the year.

dotmoovs’ Beta Launch and NFT Collection

The platform allowing users to compete with each other despite their physical location released its app beta version earlier this year, which is still accessible only through invitations. It also came with a collection of utility NFTs that aims to enhance customers’ experience within the game.

Called “The Balls,” this collection intends to mix together the worlds of sports and blockchain as it enables users to play some of their favorite games on a transparent and easy-to-use platform powered by DLT.

The company’s roadmap shows that the full version of the application should see the light of day by the end of the year. Nevertheless, the team behind the project aims to deliver it quicker.

dotmoovs also wants to bring a new concept called “Sports Mining,” which should combine play-to-earn (allowing players to earn while playing) and staking. The latter enables people to earn when depositing certain tokens into a designated platform.

In this case, users will be able to park dotmoovs’ native cryptocurrency – MOOV – into the application and earn new tokens for every transaction on the marketplace. Aside from decentralized exchanges such as PancakeSwap and Uniswap, MOOV was also recently listed on the popular centralized trading venue BitGlobal (formerly known as Bithumb Global).

The New Inception

The popularity of the play-to-earn model has pushed dotmoovs into contemplating and developing a spin-off that could take it to another level. The project wants to take the eSports world to the sports reality by transferring profits to the player, where the most skilled ones are given ways to earn rewards for being highly engaged.

dotmoovs has decided to provide its MOOV token and different NFTs to the best athletes, which will enable them to trade and monetize their assets in an in-game economy.

About Dotmoovs

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NFTs of empowered women aim to drive female engagement in crypto

Female artists are creating NFTs to empower women everywhere, proving that crypto isn’t just an all boys club.

The market for nonfungible token, or NFT, digital artwork is taking on the traditional art industry. Within the first six months of 2021, analytics firm DappRadar recorded $2.5 billion in NFT sales, showing a major increase from the $13.7 million in sales during the same time period in 2020. Christie's auction house reported $93.2 million in NFT sales during the first half of 2021. In addition to impressive sales, the NFT marketplace OpenSea, which reportedly hosts 98% of the entire market’s transactions, registered $4 billion in NFT trading volume during August this year. 

While the rise of blockchain-based digital artwork is notable, many of the artists responsible for creating today’s most sought after NFTs are men. For instance, digital artist Mike Winkelmann — better known as “Beeple” — made NFT history after selling “Everydays: The First 5000 Days” for over $69 million on Christies. The platinum-selling musician “Two Feet” and acclaimed 18-year-old visual artist FEWOCiOUS also made headlines after selling four collaborative NFT artworks for more than $1 million. It was also momentous to see that the Argentinian designer Andrés Reisinger sold ten pieces of virtual furniture for almost $70,000 in an NFT online auction.

Women aim to change the "crypto bro" culture through NFTs

While the ratio of male to female NFT artists remains unclear, statistics show that there are considerably less women than men involved in the overall crypto sector. For example, a recent survey conducted by cryptocurrency exchange Gemini found that just 26% of females hold crypto. Although this is the case, the report also noted that more women than men indicated a willingness to get involved in crypto in the near future.

As such, it’s important to point out that a number of women artists have begun creating NFT projects to show growing female participation, while also aiming to drive more women to the crypto sector.

Lavinia Osbourne, founder of the community “Women in Blockchain Talks,” told Cointelegraph that the NFT sector may be more appealing to different genders given the fact that it focuses on creativity:

“Learning new words such as DeFi, blockchain and crypto wallets, much less understanding these terms, takes up a lot of energy and time. Art, on the other hand, is a lot more engaging. Many people may not understand what an NFT is and how it works, but they know art and they know how to be creative.”

To Osbourne’s point, Maliha Abidi, a female artist, author and activist, told Cointelegrah that her passion for digital media initially attracted her to the NFT world. Abidi explained that she has been campaigning for women’s rights through her artwork since 2012, but, after learning about NFTs, she created a project called “Women Rise.”

According to Abidi, Women Rise is a unique collection of 10,000 NFTs featuring female activists, artists, scientists, coders and more. The project’s mission statement is to “watch women rise on the blockchain.” Abidi added:

“I wanted to make sure that I was starting my journey in NFTs by celebrating real world women around the world. This project isn't just about ethnic diversity, but it's also about cultural diversity, religious diversity and diversity in terms of fields where women are breaking the glass ceiling. It’s also an extension of the work I’ve been doing over the last nine years.”
Image Source: Women Rise

Abidi plans to officially launch the Women Rise project at the end of November this year, around the same time as the United Nations’ 16 Days of Activism against gender-based violence campaign scheduled for November 25. “Art is a huge part of this project, but it’s also about activism and shining a light on the role women play in real life,” said Abidi. 

Image Source: Women Rise

Abidi further remarked that she is most excited about the project’s plan to give back to a number of organizations she has worked with over the years. For example, she shared that 24% of proceeds will be donated to schools in Afghanistan to support female education. 

According to Abidi: “Traditional artists aren’t just limited to women, but also includes men and non-binary people. We need to redefine the roles here. The NFT space is for everyone who wants to showcase their creativity.

Unsurprisingly, there are many female artist who feel encouraged to enter the world of crypto due to the passion for women’s rights and digital media. Lisa Mayer, founder of the NFT project Boss Beauties, told Cointelegraph that the opportunities made possible from nonfungible tokens resonated with her goals to help empower women:

“Before launching Boss Beauties, I started a company called My Social Canvas. We created a number of products designed by women, where the proceeds would go back to women creators to fund their education. But, following the COVID-19 pandemic, we needed to think of other business models for alternative funding sources. This is why NFTs and digital artwork connected with me and My Social Canvas.”

Mayer explained that Boss Beauties was launched three months ago, featuring a collection of 10,000 unique portraits of strong independent women representing different career paths. “There are women astronauts, women in STEM, doctors, race car drivers and more. The promise here is that all these traits mixed together show that a woman can be anything she wants.”

Source: Boss Beauties; Boss Beauties featured on the Nasdaq billboard on Day of the Girl

Following the launch of Boss Beauties, Mayer shared that the entire collection sold out in just 90 minutes, demonstrating the financial impact NFTs can have for small business owners. “I was blown away by this because during the pandemic, I had been working hard to get My Social Canvas to survive. As a small business owner I was really emotional to see the collection sell out so quickly,” she said.  

While the sale of the Boss Beauties collection marked a milestone, Mayer also mentioned that out of the 10,000 NFTs created one was saved to be displayed as a physical piece of artwork at the New York Stock Exchange (NYSE) to celebrate “International Day of the Girl,” which took place on Oct. 11.

According to Mayer, this is the first NFT known to be displayed at the NYSE. “It will be displayed outside the iconic Muriel Siebert Boardroom, which honors the first woman to own a seat on the New York Stock Exchange. Muriel joined the 1,365 male members of the exchange on December 28, 1967,” she said. The NFT is currently being auctioned off to fund scholarships and mentorship programs for women and girls in finance.

Source: Boss Beauties; Boss Beauty on display at the NYSE

Efforts to help women overcome a “fear of crypto” 

Although the NFT space appears to be resonating with more women in comparison to other crypto-related sectors, educational awareness is still needed to drive participation.

For instance, Mayer explained that many of the technology savvy women in her network still don’t know about NFTs, given that the space is so new. As such, a steep learning curve must be overcome, which Mayer believes will be conquered once women understand the financial opportunities associated with NFTs. “This is an opportunity for a transfer of wealth,” she remarked.

Echoing Mayer, Athan Slotkin, an entrepreneur and investor commonly known as “The Shadow CEO,” told Cointelegraph that once more people are aware of the economics behind NFTs they will want to leverage them. “Boss Beauties raised about 5 million dollars in 90 minutes. People will see this as potential.”

Furthermore, Abidi mentioned that education is also needed to help prevent scams and gatekeepers from infiltrating the crypto space. Referencing the example of the “Fame Lady Squad,” Abidi explained that three men pretending to be a female-led NFT project was one of her first introductions to NFTs, adding: “It was sad to see that a lot of people supported Fame Ladies, but that it was really a scam. The challenge here is that we must have more education and less gatekeepers in crypto."

While education is still required in all aspects of crypto, it’s important to point out that female-led groups have recently been created to help increase awareness within non-intimidating environments.

For example, Osbourne explained that Women in Blockchain Talks plans to soon launch a female-centric NFT Marketplace called "Crypto Kweens.” According to Osbourne, the marketplace is being built on the Rarible protocol and will serve as a place for female artists, entrepreneurs, creatives and founders to come together to support one another:

“It will be a place where others can support them and be part of the movement to make the metaverse representative of women and marginalized groups. Male artists will also be welcomed as long as their work is in line with the theme of 'empowering, honouring and uplifting the female form.'”

In addition to Osbourne’s initiative, Hailey Lennon, partner at law firm Anderson Kill, told Cointelegraph that she recently formed Crypto Connect, which is a networking group for those involved or interested in crypto and blockchain. Lennon explained that the group’s board of directors is led by all women, noting that a strong female presence will help bring more women and men into the crypto sector.

In regards to NFTs, Lennon mentioned that Crypto Connect’s Nashville lead is Evie Phillips, chief marketing officer of the NFT platform NFT Glee. Given Phillips expertise, Lennon commented that educational awareness around NFTs will be discussed at upcoming networking events, along with the idea that Crypto Connect memberships could be tied to NFTs in the near future. In turn, both women and men who leverage NFTs for themselves will likely understand the space better.

NFTs of empowered women aim to drive female engagement in crypto

Female artists are creating NFTs to empower women everywhere, proving that crypto isn’t just an all boys club.

The market for nonfungible token, or NFT, digital artwork is taking on the traditional art industry. Within the first six months of 2021, analytics firm DappRadar recorded $2.5 billion in NFT sales, showing a major increase from the $13.7 million in sales during the same time period in 2020. Christie's auction house reported $93.2 million in NFT sales during the first half of 2021. In addition to impressive sales, the NFT marketplace OpenSea, which reportedly hosts 98% of the entire market’s transactions, registered $4 billion in NFT trading volume during August this year. 

While the rise of blockchain-based digital artwork is notable, many of the artists responsible for creating today’s most sought after NFTs are men. For instance, digital artist Mike Winkelmann — better known as “Beeple” — made NFT history after selling “Everydays: The First 5000 Days” for over $69 million on Christies. The platinum-selling musician “Two Feet” and acclaimed 18-year-old visual artist FEWOCiOUS also made headlines after selling four collaborative NFT artworks for more than $1 million. It was also momentous to see that the Argentinian designer Andrés Reisinger sold ten pieces of virtual furniture for almost $70,000 in an NFT online auction.

Women aim to change the "crypto bro" culture through NFTs

While the ratio of male to female NFT artists remains unclear, statistics show that there are considerably less women than men involved in the overall crypto sector. For example, a recent survey conducted by cryptocurrency exchange Gemini found that just 26% of females hold crypto. Although this is the case, the report also noted that more women than men indicated a willingness to get involved in crypto in the near future.

As such, it’s important to point out that a number of women artists have begun creating NFT projects to show growing female participation, while also aiming to drive more women to the crypto sector.

Lavinia Osbourne, founder of the community “Women in Blockchain Talks,” told Cointelegraph that the NFT sector may be more appealing to different genders given the fact that it focuses on creativity:

“Learning new words such as DeFi, blockchain and crypto wallets, much less understanding these terms, takes up a lot of energy and time. Art, on the other hand, is a lot more engaging. Many people may not understand what an NFT is and how it works, but they know art and they know how to be creative.”

To Osbourne’s point, Maliha Abidi, a female artist, author and activist, told Cointelegrah that her passion for digital media initially attracted her to the NFT world. Abidi explained that she has been campaigning for women’s rights through her artwork since 2012, but, after learning about NFTs, she created a project called “Women Rise.”

According to Abidi, Women Rise is a unique collection of 10,000 NFTs featuring female activists, artists, scientists, coders and more. The project’s mission statement is to “watch women rise on the blockchain.” Abidi added:

“I wanted to make sure that I was starting my journey in NFTs by celebrating real world women around the world. This project isn't just about ethnic diversity, but it's also about cultural diversity, religious diversity and diversity in terms of fields where women are breaking the glass ceiling. It’s also an extension of the work I’ve been doing over the last nine years.”
Image Source: Women Rise

Abidi plans to officially launch the Women Rise project at the end of November this year, around the same time as the United Nations’ 16 Days of Activism against gender-based violence campaign scheduled for November 25. “Art is a huge part of this project, but it’s also about activism and shining a light on the role women play in real life,” said Abidi. 

Image Source: Women Rise

Abidi further remarked that she is most excited about the project’s plan to give back to a number of organizations she has worked with over the years. For example, she shared that 24% of proceeds will be donated to schools in Afghanistan to support female education. 

According to Abidi: “Traditional artists aren’t just limited to women, but also includes men and non-binary people. We need to redefine the roles here. The NFT space is for everyone who wants to showcase their creativity.

Unsurprisingly, there are many female artist who feel encouraged to enter the world of crypto due to the passion for women’s rights and digital media. Lisa Mayer, founder of the NFT project Boss Beauties, told Cointelegraph that the opportunities made possible from nonfungible tokens resonated with her goals to help empower women:

“Before launching Boss Beauties, I started a company called My Social Canvas. We created a number of products designed by women, where the proceeds would go back to women creators to fund their education. But, following the COVID-19 pandemic, we needed to think of other business models for alternative funding sources. This is why NFTs and digital artwork connected with me and My Social Canvas.”

Mayer explained that Boss Beauties was launched three months ago, featuring a collection of 10,000 unique portraits of strong independent women representing different career paths. “There are women astronauts, women in STEM, doctors, race car drivers and more. The promise here is that all these traits mixed together show that a woman can be anything she wants.”

Source: Boss Beauties; Boss Beauties featured on the Nasdaq billboard on Day of the Girl

Following the launch of Boss Beauties, Mayer shared that the entire collection sold out in just 90 minutes, demonstrating the financial impact NFTs can have for small business owners. “I was blown away by this because during the pandemic, I had been working hard to get My Social Canvas to survive. As a small business owner I was really emotional to see the collection sell out so quickly,” she said.  

While the sale of the Boss Beauties collection marked a milestone, Mayer also mentioned that out of the 10,000 NFTs created one was saved to be displayed as a physical piece of artwork at the New York Stock Exchange (NYSE) to celebrate “International Day of the Girl,” which took place on Oct. 11.

According to Mayer, this is the first NFT known to be displayed at the NYSE. “It will be displayed outside the iconic Muriel Siebert Boardroom, which honors the first woman to own a seat on the New York Stock Exchange. Muriel joined the 1,365 male members of the exchange on December 28, 1967,” she said. The NFT is currently being auctioned off to fund scholarships and mentorship programs for women and girls in finance.

Source: Boss Beauties; Boss Beauty on display at the NYSE

Efforts to help women overcome a “fear of crypto” 

Although the NFT space appears to be resonating with more women in comparison to other crypto-related sectors, educational awareness is still needed to drive participation.

For instance, Mayer explained that many of the technology savvy women in her network still don’t know about NFTs, given that the space is so new. As such, a steep learning curve must be overcome, which Mayer believes will be conquered once women understand the financial opportunities associated with NFTs. “This is an opportunity for a transfer of wealth,” she remarked.

Echoing Mayer, Athan Slotkin, an entrepreneur and investor commonly known as “The Shadow CEO,” told Cointelegraph that once more people are aware of the economics behind NFTs they will want to leverage them. “Boss Beauties raised about 5 million dollars in 90 minutes. People will see this as potential.”

Furthermore, Abidi mentioned that education is also needed to help prevent scams and gatekeepers from infiltrating the crypto space. Referencing the example of the “Fame Lady Squad,” Abidi explained that three men pretending to be a female-led NFT project was one of her first introductions to NFTs, adding: “It was sad to see that a lot of people supported Fame Ladies, but that it was really a scam. The challenge here is that we must have more education and less gatekeepers in crypto."

While education is still required in all aspects of crypto, it’s important to point out that female-led groups have recently been created to help increase awareness within non-intimidating environments.

For example, Osbourne explained that Women in Blockchain Talks plans to soon launch a female-centric NFT Marketplace called "Crypto Kweens.” According to Osbourne, the marketplace is being built on the Rarible protocol and will serve as a place for female artists, entrepreneurs, creatives and founders to come together to support one another:

“It will be a place where others can support them and be part of the movement to make the metaverse representative of women and marginalized groups. Male artists will also be welcomed as long as their work is in line with the theme of 'empowering, honouring and uplifting the female form.'”

In addition to Osbourne’s initiative, Hailey Lennon, partner at law firm Anderson Kill, told Cointelegraph that she recently formed Crypto Connect, which is a networking group for those involved or interested in crypto and blockchain. Lennon explained that the group’s board of directors is led by all women, noting that a strong female presence will help bring more women and men into the crypto sector.

In regards to NFTs, Lennon mentioned that Crypto Connect’s Nashville lead is Evie Phillips, chief marketing officer of the NFT platform NFT Glee. Given Phillips expertise, Lennon commented that educational awareness around NFTs will be discussed at upcoming networking events, along with the idea that Crypto Connect memberships could be tied to NFTs in the near future. In turn, both women and men who leverage NFTs for themselves will likely understand the space better.

Ripple Boss Brad Garlinghouse Speaks On Likelihood Of XRP ETF Launching On US Exchange

Ripple Boss Brad Garlinghouse Speaks On Likelihood Of XRP ETF Launching On US Exchange

Ripple CEO Brad Garlinghouse doubled down on his frustration surrounding the lack of clarity and certainty in United States regulation of crypto assets when commenting on the chances of an XRP exchange-traded fund (ETF) coming to the U.S. stock market.

Will XRP Get An ETF In The United States?

After more than eight years of lobbying by the crypto industry, the SEC has finally given the go-ahead for bitcoin futures ETFs in the U.S. Assuming all goes well, ProShares Bitcoin Strategy ETF will become the first ETF based on Bitcoin futures to start trading on the New York Stock Exchange on Tuesday. Anticipation of the long-awaited bitcoin-related ETF sent the benchmark cryptocurrency to near lifetime highs.

So, what’s next?

Pundits expect more bitcoin futures ETFs to launch in the near future to compete with ProShares. Moreover, the U.S. SEC looks more likely to approve an ETF pegged directly to the price of bitcoin sooner or later. And it’s only a matter of time until we see ETFs for other top cryptocurrencies like Ether.

The question on every XRP enthusiast’s mind is: Will the SEC approve an XRP-based ETF?

Speaking to Fox Business on October 18, Garlinghouse observed that the SEC is intentionally picking winners and losers. He further noted that bitcoin has a huge power usage. As such, giving bitcoin a priority does not align with the climate agenda of the SEC Chair Gary Gensler. Garlinghouse, who has long been a critic of bitcoin’s energy use, stated that XRP is over 100,000 times more energy-efficient than Bitcoin.

According to the Ripple chief executive, it’s quite “ironic” how the U.S. SEC strives for clarity and discovery but fails to do the same when it comes to its own deeds. “What we seek more than anything is clarity and certainty,” he added.

Garlinghouse went on to posit that the agency has stayed mum about the regulatory status of the world’s second-biggest crypto by market cap after Bitcoin, Ethereum. Notably, the financial agency is sitting on a backlog of several Ether ETF applications yet to be approved.

SEC Lawsuit: Ripple Won’t Settle

As you are well aware, Ripple is caught in a high-stake legal scuffle with the SEC. When asked if there is a possibility of Ripple settling, Garlinghouse indicated that there’s no way they were taking that direction if the price is the XRP token being declared a security. 

“There is no scenario though when we gonna settle unless there is absolute certainty about what XRP is on the go-forward basis.”

If the SEC eventually deems XRP a Security, then Ripple will have no choice but to leave the United States.

Liquid Craft set to bring innovation to Liquid NFTs

Liquid Craft is a new project launching a unique collection of liquor-backed NFTs titled Dragons and Bourbon on October 29th at 12 PM PST. This limited release is a new concept to the NFT space, with the project also in the build phase of a complete marketplace for international crafters to back their own products […]

ProShares Bitcoin-linked ETF launches on NYSE as BTC price rises above $63K

The price of Bitcoin rose to a five-month high of $63,293 following shares of ProShares’ ETF opening for trading.

The first Bitcoin futures-linked exchange-traded fund in the United States began trading on the New York Stock Exchange, opening at a price of $40 per share.

According to the New York Stock Exchange, ProShares’ Bitcoin (BTC) Strategy ETF, the first exchange-traded fund allowing U.S. investors direct exposure to cryptocurrency futures, opened at a price of $40 per share of BITO before rising 3.8% to reach $41.54 at the time of publication. The addition of the crypto fund to a major stock exchange follows years of deferred decisions from the Securities and Exchange Commission, or SEC, the regulator responsible for greenlighting the asset.

“BITO will open up exposure to Bitcoin to a large segment of investors who have a brokerage account and are comfortable buying stocks and ETFs, but do not desire to go through the hassle and learning curve of establishing another account with a cryptocurrency provider and creating a Bitcoin wallet or are concerned that these providers may be unregulated and subject to security risks,” ProShares CEO Michael Sapir said on Monday.

The SEC first accepted the registration request for ProShares’ Bitcoin Strategy ETF on the NYSE on Oct. 15 shortly before doing the same for shares of digital asset manager Valkyrie’s BTC futures ETF for a listing on the Nasdaq. Institutional asset manager Grayscale also announced on Oct. 18 it planned to convert its GBTC Trust into an ETF in the future. The SEC currently has several crypto ETF applications under consideration.

"The ProShares ETF will provide greater market access and ease of use for institutional investors who want to get into the cryptocurrency markets," said Mary Beth Buchanan, global chief legal officer at blockchain investigative platform Merkle Science. "The newest futures based ETF will trade on the NYSE and will feel more familiar to institutional investors than opening individual trading accounts and trading directly on a spot or futures based cryptocurrency exchange or crypto trading platform."

Related: Traders celebrate Bitcoin's impending ETF, but options markets are less certain

According to data from Cointelegraph Markets Pro, the price of Bitcoin rose following shares of ProShares’ ETF opening for trading, moving 1.2% from $62,557 to a five-month high of $63,293. This marks a return to the crypto asset moving above $63,000 for the first time since April, when it hit a then all-time high price of $64,863.

Shrimps, Sharks, Whales and Other Fish in Crypto

End of September the world celebrated World Maritime Day. The Crypto industry has always been connected to fish-themed concepts, and that comes from conventional trading, where market participants are graded based on their knowledge, experience and success.

The Crypto boom gave birth to a whole ranking chart of Bitcoin holders and those holding other cryptocurrencies in Bitcoin equivalent:

  • Shrimp: less than 1 BTC
  • Crab: 1 to 10 BTC
  • Octopus: 10 to 50 BTC
  • Fish: 50 to 100 BTC
  • Dolphin: 100 to 500 BTC
  • Shark: 500 to 1000 BTC
  • Whale: >1000 BTC
  • Humpback: >5000 BTC

It became a cult: in the ICO explosion of 2017-2018, there was a surge of projects with a fish concept and still new ones appear.

Among the projects that are still addressing the marine concept are:

🐋 Whale Alert — the most advanced blockchain tracker and analytics system reporting large and interesting transactions as they happen with all the data available through API.

 

 

**🌊 Ocean Protocol** — an open-source protocol that aims to allow businesses and individuals to exchange and monetize data and data-based services. Ocean’s software is built to facilitate this data exchange, linking users who need data or do not have resources to store it, with those who have resources to spare.

 

🐬 True Flip — the best 2020 online casino according to Askgamblers, with the dolphin protagonist that has been releasing quality products and developing gamification for 4 years, all built on killer whales, stingrays, jellyfish and a dozen other thoughtful characters. The casino started as a blockchain lottery with the TFL token, and not so long ago the team announced the token to become an independent project within the group.

🦈 Baby Shark Token (no, it’s not that song) — a token designed to help clean the ocean by using decentralized fundraising. With its unique tokenomics, BabyShark aims to be the first charity token with zero selling pressure from donations.

🐙 Octopus Protocol — a robust DeFi protocol built on the Binance Smart Chain (BSC), allows issuance, trade, and management of decentralized derivative assets.

Will this and other tokens continue to develop as “fish” ones or choose something else — we will probably find out later. One is clear: alongside the recently arrived DeFi ranking of Chads, Apes, etc, the classical ocean theme scale of the crypto users will be staying with us forever.

President Vladimir Putin on Cryptocurrency: ‘I Believe That It Has Value’

In a recent interview, Russian President Vladimir Putin shared his latest thoughts on use cases for cryptocurrency. President Putin’s comments about cryptocurrency were made last Wednesday (October 13) during an interview with CNBC News Anchor and International Correspondent Hadley Gamble on day one of the three-day Russian Energy Week Forum in Moscow. Gamble started the crypto […]