Author: Staff Writer

June 9th: I am in a hotel room in NYC: I am nervously staring at the screen of my small, rose gold colored computer. Thankfully, the WiFi is working well, − which is always an unknown at a hotel. In one hour, an irrevocable auction online will start. Truthfully, I have no idea what will happen. It all started in April this year, when I wrote an article sharing the idea that real estate is the perfect asset to convert into a Non-Fungible Token (NFT). This led to a life-changing collaboration with other innovative individuals, united to build something transformative.…

United States payments group Circle said it will make more investments in Asia to expand the use of its stablecoin, a fast-growing cryptocurrency pegged to the U.S. dollar, in the region. Circle recently announced its first investment in Japan from a newly established venture capital arm, taking part in a 500 million yen ($4.4 million) funding round for JPYC, a startup working on a stablecoin tied to the yen. Circle also unveiled plans to set up a hub in Singapore to test stablecoins with companies in the city state. “Asia has been one of the fastest growing markets for crypto…

A surge in cryptocurrency mining is sparking electricity shortages in energy-rich Kazakhstan, driving the country to consider nuclear power. Since China moved to shut down bitcoin mining in May, waves of digital currency miners have migrated to Kazakhstan, propelling the country to second place behind the U.S. in global cryptocurrency production. Kazakhstan’s share of the world’s hash rate — a measure of how much computer processing power is used to mine cryptocurrency — has increased to 18.1%, according to the latest data from the Cambridge Centre for Alternative Finance. That is a fourfold rise from the previous year. This was…

Adidas Originals, the clothing line primarily focused on sneakers, tweeted out a cryptic announcement, saying it had partnered with Coinbase, calling it “probably nothing. The first statement came from Adidas’ official Twitter account, and the statement “We have partnered with Coinbase” was used, while the details were not included. Coinbase, on the other hand, quoted Adidas’ tweet and used the abbreviation “GM” for “Good Morning” and said, “Welcome to the party, partner!” Wrote. https://twitter.com/adidasoriginals/status/1463571957249630223?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1463571957249630223%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2021-11-24%2Fadidas-originals-says-it-has-partnered-with-coinbase Coinbase replied with a handshake emoji. https://twitter.com/coinbase/status/1463578938173583360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1463578938173583360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2021-11-24%2Fadidas-originals-says-it-has-partnered-with-coinbase The collaboration between Adidas and Coinbase is thought to be related to NFTs. Earlier this year Coinbase announced that it will…

There are a few good reasons why Bitcoin gets a lot of attention from crypto investors. For one thing, it was the first cryptocurrency. And second, its value has reached meteoric highs, with a gain of more than 300% over the past year.  Finding the next Bitcoin has become the primary focus for some crypto investors, and for them, I propose that they turn their attention to Ethereum. There’s no guarantee that Ethereum will reach the same value as Bitcoin, of course, but there are several important reasons why this crypto and its underlying technology could make it just as critical to the…

eToro has surprised crypto investors by announcing it will delist Cardano’s ADA token and the TRON Foundation’s Tron token for US customers from December 26. The Israeli exchange cited regulatory concerns as the reason for its decision to delist the two cryptocurrencies. From Boxing Day, US-based users will no longer be able to buy ada or tron, while staking for those assets will end on December 31. “The regulatory landscape for crypto is evolving rapidly,” an eToro spokesperson told Insider. “As a result, we will be limiting the ability for US users to open new positions in, or earn staking rewards for, ADA and TRX.” Cardano, which was founded in…

Now in the last quarter of the year and the stock market indexes back in an uptrend, what are the best IPO stocks to buy and watch in 2021? Including cryptocurrency stocks Argo Blockchain and Silvergate Capital, here are 18 stocks looking for at least 50% earnings growth in their current fiscal year. InMode, Olaplex, Endeavor Group, and Datadog also make the cut. This list of top IPOs that have debuted since 2019 also includes swimming pool equipment retailer Hayward (HAYW), semiconductor sector stock SiTime (SITM) and Telus International (TIXT). Built using MarketSmith, the screen filters the entire IBD database…

As crypto proponents look to onboard a new generation of users, one of the major consumer onramps has been a host of consumer wallet apps with slick interfaces. Today, Coinbase announced that it is bringing on the team from BRD — a crypto wallet startup that first launched its mobile wallet back in 2014. While the team is transitioning over to Coinbase, BRD’s co-founders say nothing will be changing for BRD users for the time being, and that their wallets will continue to operate normally and that user “funds are safe and secure.” The wallet startup was an early player in the mobile crypto…

Asset management firm Arca has launched a $30 million fund dedicated to non-fungible tokens (NFT), according to a new regulatory filing. Arca, which had a total of $500 million in assets under management as of the third quarter, began accepting investments in the Arca NFT Fund on Nov. 15 and has so far raised $11.4 million from 68 inventors toward its total $30 million goal. Arca tells CoinDesk the fund is only open to existing Arca limited partners (LPs) and is already oversubscribed. “We decided to create a standalone vehicle based on the lifecycle of the NFT ecosystem … [that]…

Plans by the Indian government for a new bill that would bar most private cryptocurrencies has triggered heavy selling in the country’s digital currency markets, as investors look to exit positions despite the losses, said traders and investors. The government will allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda released late on Tuesday for the winter session of Parliament set to start this month. The bill, if passed, would effectively ban citizens in India from transacting in most cryptocurrencies. The dollar-linked stable coin tether (USDT) slumped 25% to nearly 60 rupees…