Author: FX Empire
Ubisoft announced yesterday that it has partnered with Aleph.im as it looks to expand its NFT capabilities. This is according to the press release shared with FXEMPIRE and comes despite the recent criticism faced by the company. Aleph.im, a cross-blockchain decentralized storage and computing network, has been selected as the technology partner, offering decentralized storage for dynamic NFT on Ubisoft’s new blockchain-powered platform Ubisoft Quartz. According to the press release, players can acquire dynamic NFTs called Digits on Quartz that will be used in Ubisoft’s AAA game, Tom Clancy’s Ghost Recon Breakpoint. Ubisoft has become the first company to enable video game…
In late 2020, the U.S SEC filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders. The SEC alleges that they raised over $1.3bn through an unregistered, ongoing digital asset securities offering. The Details According to the SEC press release, the complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in an unregistered securities offering to U.S and worldwide investors. Ripple also allegedly distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services. Additionally, co-founder Larsen and former CEO…
House of Representatives member Brad Sherman has said that crypto is for the powerful in the society, a group that includes the likes of Elon Musk, Goldman Sachs, BlackRock, Mark Zuckerberg, and others. He made this statement during the House Committee on Financial Services hearing on digital assets. In his scathing remarks about crypto, he claimed that while many believe that the cryptocurrency industry is an attack on the powers in society, crypto represents these powers instead. “They believe that somehow this is new and hip, and an attack on the powers of society. The fact is that the advocates of crypto…
At the start of the year, traders added more than $150 billion to the market cap of GameStop, AMC, and 48 other businesses, stocks that Robinhood put on a restricted trading list because they’re volatile (and can be used as a proxy for the craze). What makes a stock valuable? In the olden days, the way stocks worked was that you gave some money to a corporation, which used the money to build a railroad and paid you a dividend as your reward. Maybe if times were good, the dividend would go up, and if times were bad, it would…
Cryptocurrencies have gained adoption in the luxury world in recent months. Bitcoin and Ether have been accepted as payment for some high-end artworks. The adoption is set to continue, and more cryptocurrencies will be accepted as payment options for luxury products. VIANNE’s Owner Open to Accepting Payment in Doge The owners of the Italian-built Benetti 52m (170 ft.) superyacht VIANNE have revealed that they are open to accepting payment for the product in cryptocurrencies. The owner will accept 10% of the payment in fiat currencies and the remaining in cryptocurrencies. According to the press release, the cryptocurrencies that would be accepted include Bitcoin, Ether, Dogecoin, Solana, Binance…
The Shiba Inu dog-inspired meme coin has been trying to keep its losses limited above the $0.20 handle, as Dogecoin (DOGE) struggles to make a definite move below such a level within the sell-off context. The cryptocurrency had a sudden rise during the start of the week after plunging last Friday on Omicron’s Covid variant. 50-4hr SMA is the Line in the Sand Currently, the price is hovering within the 50-period simple moving average at the H4 chart amid a context where DOGE wanted to enter a stagnation phase between the $0.23 and $0.20 levels. However, the gains are still…
November was significant for the Shiba Inu coin (SHIB) in terms of social media interactions, as the token gained adopters from a mainstream perspective. According to CryptoRank Platform, SHIB was the top second cryptocurrency mentioned on Twitter over the month. Metrics unveil that Shiba Inu had 4,024,575 mentions on Twitter so far, with Bitcoin (BTC) being the top performer, accounting for 10,710,315 mentions for the period. The third on the ranking is Ether (ETH), with 2,747,488 mentions, followed by PancackeSwap (CAKE) with 1,862,156. Mainstream Adoption https://twitter.com/CryptoRank_io/status/1464870631149903877?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1464870631149903877%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fshiba-inu-shib-becomes-second-224419564.html SHIB had gained momentum over the month in terms of adoption thanks to companies…
A topic that is widely discussed today is that Dogecoin short positions reached new highs on Bitfinex. Not surprisingly, some crypto traders are waiting for a short squeeze. However, the total size of short positions in Dogecoin is not the only factor that can lead to a short squeeze. It’s important for buyers to be active and push Dogecoin’s price higher. According to Google data, the interest in dogecoin peaked back in May, when the cryptocurrency was testing all-time high levels. Since then, the interest in Dogecoin has steadily declined, and so did the price of the coin. Dogecoin did not manage…
Institutional investors’ behavior tends to favor the “buying the dips” strategy when the crypto market gets knocked off by a selling wave, with Bitcoin and Ether seeing the most inflows. Data from CoinShares unveiled that trend in the recent correction witnessed across the cryptocurrency sphere that saw BTC plunging below the $60,000 handle. For example, the largest crypto asset manager in the industry, Grayscale, witnessed over $51.9 billion in assets under management, according to its update published on November 19. Bitcoin’s Inflows Dominating The Scene Overall, Bitcoin-related products attracted the most of these weekly inflows, according to CoinShares, accounting for over $114.4…
The ability for the smart contract creator to do that can be very worrying for its users; therefore, several ways of limiting the power of the smart contract creator have been offered. In this article, I am going to speak in detail about them all and how you can protect your smart contract against the threats associated with malicious use of private keys. Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand…