McDonald's China to give away 188 NFTs on 31st anniversary.
The "Big Mac Rubik's Cube" NFTs will be distributed to Chinese employees and customers by McDonald's China as a part of a giveaway.
Fast-food giant McDonald's China released a set of 188 nonfungible tokens (NFT) on Oct. 8 to celebrate its 31st anniversary in the Chinese market. Branded as "Big Mac Rubik's Cube," the NFTs will be distributed among employees and consumers as a part of the giveaway.
The Big Mac Rubik's Cube NFTs are designed based on the three-dimensional structure of McDonald's China’s new office headquarters, which was inaugurated along with the launch of the NFTs.
The NFTs are built on the Confluux public blockchain and are created in partnership with Cocafe, a digital asset creation agency, ensuring that “each work is unique, indivisible and can not be tampered with.”
It is also important to note that a majority stake of McDonald’s China is owned by CITIC Group, a state-owned investment company of the People's Republic of China.
McDonald's China did not immediately respond to Cointelegraph's request for comment.
McDonald’s China’s move to introduce NFTs in the market seemingly goes against the authority's intent to ban all crypto operations completely. More recently, the ban forced Bitmain, a crypto mining equipment manufacturer, to stop shipping Antminer mining rigs into China.
Huobi, a crypto exchange from China, stopped new customer registrations after the China ban and will close down all business by the end of the year. Despite China's resistance, the global crypto ecosystem continues to witness consistent growth. A Cointelegraph report shows that Bitcoin (BTC) mining difficulty has fully recovered after Chinese miners migrated to safer jurisdictions.
The "Big Mac Rubik's Cube" NFTs will be distributed to Chinese employees and customers by McDonald's China as a part of a giveaway.
Fast-food giant McDonald's China released a set of 188 nonfungible tokens (NFT) on Oct. 8 to celebrate its 31st anniversary in the Chinese market. Branded as "Big Mac Rubik's Cube," the NFTs will be distributed among employees and consumers as a part of the giveaway.
The Big Mac Rubik's Cube NFTs are designed based on the three-dimensional structure of McDonald's China’s new office headquarters, which was inaugurated along with the launch of the NFTs.
The NFTs are built on the Confluux public blockchain and are created in partnership with Cocafe, a digital asset creation agency, ensuring that “each work is unique, indivisible and can not be tampered with.”
It is also important to note that a majority stake of McDonald’s China is owned by CITIC Group, a state-owned investment company of the People's Republic of China.
McDonald's China did not immediately respond to Cointelegraph's request for comment.
McDonald’s China’s move to introduce NFTs in the market seemingly goes against the authority's intent to ban all crypto operations completely. More recently, the ban forced Bitmain, a crypto mining equipment manufacturer, to stop shipping Antminer mining rigs into China.
Huobi, a crypto exchange from China, stopped new customer registrations after the China ban and will close down all business by the end of the year. Despite China's resistance, the global crypto ecosystem continues to witness consistent growth. A Cointelegraph report shows that Bitcoin (BTC) mining difficulty has fully recovered after Chinese miners migrated to safer jurisdictions.
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Driven by DeFi, North America’s crypto volume increased 1,000% year-over-year.
Chainalysis said North America’s DeFi transactions were led by retail investors in the last year, with many transactions under $10,000.
Digital analytics firm Chainalysis reported that the growth in North America’s crypto market has been driven by the rise in popularity of decentralized finance.
In its 2021 Geography of Cryptocurrency Report, Chainalysis said the monthly crypto transaction volume across North America grew by more than 1,000% from July 2020 to June 2021. The monthly volume reached a peak of $164 billion in May 2021 before dipping to just over $100 billion in June.
According to Chainalysis’ report, decentralized finance, or DeFi, was largely responsible for North America continuing to maintain its position as one of the largest crypto markets worldwide. DeFi transactions represented 37% of North America’s overall transaction volume from July 2020 to June 2021, with residents sending roughly $276 billion in crypto to platforms in the DeFi space.
The Central, Northern and Western Europe region sent the most in crypto overall — $389 billion, roughly 40% of its overall transaction volume during the same time period. Chainalysis said “DeFi whales” were responsible for turning the region into the world’s biggest cryptocurrency economy, with the majority of institutional-sized transfers going towards platforms in decentralized finance.
However, the report said North America’s DeFi transactions were led by retail investors in the last year, with many transactions under $10,000. Uniswap was the most popular DeFi platform in North America, with users having sent more than $100 billion in transaction volume between July 2020 and June 2021.
“Right now, DeFi is targeted towards crypto insiders,” said dYdX growth lead David Gogel. “It’s people who have been in the industry for a while and have enough funds to experiment with new assets.”
Chainalysis said North America’s DeFi transactions were led by retail investors in the last year, with many transactions under $10,000.
Digital analytics firm Chainalysis reported that the growth in North America’s crypto market has been driven by the rise in popularity of decentralized finance.
In its 2021 Geography of Cryptocurrency Report, Chainalysis said the monthly crypto transaction volume across North America grew by more than 1,000% from July 2020 to June 2021. The monthly volume reached a peak of $164 billion in May 2021 before dipping to just over $100 billion in June.
According to Chainalysis’ report, decentralized finance, or DeFi, was largely responsible for North America continuing to maintain its position as one of the largest crypto markets worldwide. DeFi transactions represented 37% of North America’s overall transaction volume from July 2020 to June 2021, with residents sending roughly $276 billion in crypto to platforms in the DeFi space.
The Central, Northern and Western Europe region sent the most in crypto overall — $389 billion, roughly 40% of its overall transaction volume during the same time period. Chainalysis said “DeFi whales” were responsible for turning the region into the world’s biggest cryptocurrency economy, with the majority of institutional-sized transfers going towards platforms in decentralized finance.
However, the report said North America’s DeFi transactions were led by retail investors in the last year, with many transactions under $10,000. Uniswap was the most popular DeFi platform in North America, with users having sent more than $100 billion in transaction volume between July 2020 and June 2021.
“Right now, DeFi is targeted towards crypto insiders,” said dYdX growth lead David Gogel. “It’s people who have been in the industry for a while and have enough funds to experiment with new assets.”
Bitcoin Rallies Above USD 60,000 on ETF Hopes.
The most popular cryptocurrency, bitcoin (BTC), rallied and hit the USD 60,000 mark for the first time since April 2021, as Bloomberg reported that the US Securities and Exchange Commission is poised to allow the first US BTC futures exchange-traded fund to begin trading.
On a volatile Friday morning (UTC time), BTC moved from USD 57,300 to above USD 60,000 in a matter of hours, before correcting lower. However, in the last minutes of Friday (UTC time), BTC was already above USD 62,000. On Saturday, 06:25 UTC, BTC was trading at USD 62,334 and was up by almost 5% in a day and 16% in a week. The price jumped by 30% in a month and is now less than 4% from its all-time high of USD 64,805 (per Coingecko), reached in April this year.
The regulator isn’t likely to block the products from starting to trade next week, the report said, citing people, who asked not to be named while discussing the decision. Four futures-backed Bitcoin ETFs could begin trading on US exchanges this month, with deadlines for applications from VanEck and Valkyrie also approaching, it added.
Meanwhile, on Thursday, SEC's Office of Investor Education and Advocacy, urged investors to make sure they "carefully weigh the potential risks and benefits" "before investing in a fund that holds Bitcoin futures contracts."
As reported, a futures-backed ETF – known as “paper bitcoin”– would be very unlikely to have much impact in terms of the available supply of actual bitcoins. However, such an ETF could still be useful, especially because it simplifies a lot of things for institutional investors from a regulatory standpoint and it also makes buying bitcoin as part of an existing investment portfolio “totally straightforward.”
However, some analysts warn the crypto community that it may be overestimating how much demand there is for such an ETF. For example, Bloomberg expects only about USD 4bn of demand in the first 12 months for the exchange-traded fund. The figure represents just around 1% of bitcoin’s market capitalization and around 3% of all bitcoin futures traded.
"All-time highs of nearly USD 65,000 will be the next resistance level before a potential price discovery phase. While the BTC price has fiercely rallied over the past few weeks, bitcoin balance on exchanges remains at the lowest levels in nine months, indicating investors are holding bitcoin in wallets rather than readying themselves to sell," Will Morris, Sales Trader at the UK based digital asset broker GlobalBlock, said in an emailed comment.
The most popular cryptocurrency, bitcoin (BTC), rallied and hit the USD 60,000 mark for the first time since April 2021, as Bloomberg reported that the US Securities and Exchange Commission is poised to allow the first US BTC futures exchange-traded fund to begin trading.
On a volatile Friday morning (UTC time), BTC moved from USD 57,300 to above USD 60,000 in a matter of hours, before correcting lower. However, in the last minutes of Friday (UTC time), BTC was already above USD 62,000. On Saturday, 06:25 UTC, BTC was trading at USD 62,334 and was up by almost 5% in a day and 16% in a week. The price jumped by 30% in a month and is now less than 4% from its all-time high of USD 64,805 (per Coingecko), reached in April this year.
The regulator isn’t likely to block the products from starting to trade next week, the report said, citing people, who asked not to be named while discussing the decision. Four futures-backed Bitcoin ETFs could begin trading on US exchanges this month, with deadlines for applications from VanEck and Valkyrie also approaching, it added.
Meanwhile, on Thursday, SEC's Office of Investor Education and Advocacy, urged investors to make sure they "carefully weigh the potential risks and benefits" "before investing in a fund that holds Bitcoin futures contracts."
As reported, a futures-backed ETF – known as “paper bitcoin”– would be very unlikely to have much impact in terms of the available supply of actual bitcoins. However, such an ETF could still be useful, especially because it simplifies a lot of things for institutional investors from a regulatory standpoint and it also makes buying bitcoin as part of an existing investment portfolio “totally straightforward.”
However, some analysts warn the crypto community that it may be overestimating how much demand there is for such an ETF. For example, Bloomberg expects only about USD 4bn of demand in the first 12 months for the exchange-traded fund. The figure represents just around 1% of bitcoin’s market capitalization and around 3% of all bitcoin futures traded.
"All-time highs of nearly USD 65,000 will be the next resistance level before a potential price discovery phase. While the BTC price has fiercely rallied over the past few weeks, bitcoin balance on exchanges remains at the lowest levels in nine months, indicating investors are holding bitcoin in wallets rather than readying themselves to sell," Will Morris, Sales Trader at the UK based digital asset broker GlobalBlock, said in an emailed comment.
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‘Boom’ in Big South Korean Firms Investing in Crypto Startups.
Large South Korean companies are pouring money into crypto and blockchain startups, media outlets have noted – while the nation’s market-leading crypto exchange is set to make a sports investment of its own.
Per a report from Fn News, there has been a “boom” in crypto and decentralized finance (DeFi) investment – with mega-rich companies like Samsung, GS Retail, CJ, and Nexon leading the way.
The media outlet quoted an unnamed industry insider as noting that South Korean companies are more likely to avoid investing “directly” in cryptoassets, but rather look to foster promising businesses in the crypto field. “We are increasing our investment,” the insider was quoted as saying.
The electronics giant Samsung has made its investments through its Samsung Next arm, a subsidiary that funds promising tech startups. The media outlet noted that Samsung Next has thus far invested in the likes of SuperLayer, which describes itself as a “crypto venture studio,” as well as Nifty’s, a non-fungible token (NFT)-powered social media platform based in the United States, the Vancouver’s blockchain gaming firm Dapper Labs and Alchemy, a domestic crypto and NFT firm.
The gaming behemoth Nexon’s holding company NXC, meanwhile, already owns the Korbit and Bitstamp exchanges, and has made other crypto moves in the past. But in recent months, it has also invested in BitOasis, an exchange headquartered in Dubai, UAE. It has also put money into a Belgian crypto startup accelerator.
GS Retail, which operates the GS supermarkets and GS25 convenience store chains, has backed a blockchain firm named Guhada. It has teamed up with the company to co-create a blockchain-powered quality and management solution.
And CJ, a conglomerate with interests in the entertainment, food, and pharmaceutical industries, has also dipped its oar in through its CJ OliveNetworks IT services arm. The company has backed Blocko, one of the nation’s “first-generation” blockchain companies, to develop an NFT-based ticketing solution that will be able to eliminate counterfeiting. The firm is hopeful that its efforts will help it see NFT technology “applied to the entertainment business in the future.”
Large South Korean companies are pouring money into crypto and blockchain startups, media outlets have noted – while the nation’s market-leading crypto exchange is set to make a sports investment of its own.
Per a report from Fn News, there has been a “boom” in crypto and decentralized finance (DeFi) investment – with mega-rich companies like Samsung, GS Retail, CJ, and Nexon leading the way.
The media outlet quoted an unnamed industry insider as noting that South Korean companies are more likely to avoid investing “directly” in cryptoassets, but rather look to foster promising businesses in the crypto field. “We are increasing our investment,” the insider was quoted as saying.
The electronics giant Samsung has made its investments through its Samsung Next arm, a subsidiary that funds promising tech startups. The media outlet noted that Samsung Next has thus far invested in the likes of SuperLayer, which describes itself as a “crypto venture studio,” as well as Nifty’s, a non-fungible token (NFT)-powered social media platform based in the United States, the Vancouver’s blockchain gaming firm Dapper Labs and Alchemy, a domestic crypto and NFT firm.
The gaming behemoth Nexon’s holding company NXC, meanwhile, already owns the Korbit and Bitstamp exchanges, and has made other crypto moves in the past. But in recent months, it has also invested in BitOasis, an exchange headquartered in Dubai, UAE. It has also put money into a Belgian crypto startup accelerator.
GS Retail, which operates the GS supermarkets and GS25 convenience store chains, has backed a blockchain firm named Guhada. It has teamed up with the company to co-create a blockchain-powered quality and management solution.
And CJ, a conglomerate with interests in the entertainment, food, and pharmaceutical industries, has also dipped its oar in through its CJ OliveNetworks IT services arm. The company has backed Blocko, one of the nation’s “first-generation” blockchain companies, to develop an NFT-based ticketing solution that will be able to eliminate counterfeiting. The firm is hopeful that its efforts will help it see NFT technology “applied to the entertainment business in the future.”
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DEX vs. CEX Tokens: Who Performed Better This Year?
A theme in crypto that has gotten even more pronounced this year is the line that is being drawn between the centralized and the decentralized part of the market. And with regulators taking a firmer stance towards crypto all around the world, this difference has become even more important, in particular for crypto exchanges.
There is no denying that some centralized exchanges (CEXes) have found themselves facing tough choices as of late. Should they cater to regulators’ demands, or instead focus on keeping up with the lightning-fast innovation that is happening in crypto and give their customers what they want?
Among the CEXes that have gotten in trouble this year are of course all exchanges with ties to Mainland China, following Beijing’s reiteration of its ban on most things related to crypto.
But Chinese exchanges are not the only ones having to deal with aggressive regulators. The same has also happened to the major global exchange Binance, which for a number of years claimed it doesn't have a physical headquarter. However, global regulators now seem to be winning the first battle with Binance, having essentially forced the exchange to declare where its physical head offices are located.
As would be expected, the regulatory pressure on centralized exchanges, particularly from China, has sparked a new round of interest in decentralized exchanges (DEXes). As history has shown, however, these decentralized alternatives cannot always escape regulatory scrutiny either.
For instance, Uniswap Labs, the development firm behind the Uniswap decentralized exchange, in July this year restricted access via appuniswaporg to some tokens that it deemed too risky from a regulatory standpoint. Not surprisingly, the move sparked a backlash from users, with some questioning how decentralized the protocol really is.
A theme in crypto that has gotten even more pronounced this year is the line that is being drawn between the centralized and the decentralized part of the market. And with regulators taking a firmer stance towards crypto all around the world, this difference has become even more important, in particular for crypto exchanges.
There is no denying that some centralized exchanges (CEXes) have found themselves facing tough choices as of late. Should they cater to regulators’ demands, or instead focus on keeping up with the lightning-fast innovation that is happening in crypto and give their customers what they want?
Among the CEXes that have gotten in trouble this year are of course all exchanges with ties to Mainland China, following Beijing’s reiteration of its ban on most things related to crypto.
But Chinese exchanges are not the only ones having to deal with aggressive regulators. The same has also happened to the major global exchange Binance, which for a number of years claimed it doesn't have a physical headquarter. However, global regulators now seem to be winning the first battle with Binance, having essentially forced the exchange to declare where its physical head offices are located.
As would be expected, the regulatory pressure on centralized exchanges, particularly from China, has sparked a new round of interest in decentralized exchanges (DEXes). As history has shown, however, these decentralized alternatives cannot always escape regulatory scrutiny either.
For instance, Uniswap Labs, the development firm behind the Uniswap decentralized exchange, in July this year restricted access via appuniswaporg to some tokens that it deemed too risky from a regulatory standpoint. Not surprisingly, the move sparked a backlash from users, with some questioning how decentralized the protocol really is.
South Korean pension fund to invest in Bitcoin ETF: Report.
KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an executive reportedly said.
South Korea’s public pension fund, the Korean Teachers’ Credit Union (KTCU), is reportedly looking to gain exposure to Bitcoin (BTC) via a crypto exchange-traded fund (ETF).
KTCU, one of the largest institutional investors in South Korea, is considering investing in a pure Bitcoin ETF or Bitcoin-linked ETFs in the first half of 2022, local news agency The Korea Economic Daily reported Monday.
According to the report, KTCU is considering investing in several Bitcoin ETF products, including those by South Korean asset management firm Mirae Asset Global Investments. The company launched two ETFs tracking the value of Bitcoin futures via its Canadian subsidiary, Horizons ETFs, in April 2021.
“As there are some well-made cryptocurrency-linked ETF products by asset managers such as Korea’s Mirae Asset Global Investments, we plan to invest in the ETF products after consultation with domestic asset managers,” an executive at KTCU reportedly said.
The official also mentioned potential investment in a Bitcoin ETF by Mirae Asset’s subsidiary, Global X ETFs, which filed for a Bitcoin ETF with the United States Securities and Exchange Commission in July.
According to the report, KTCU is the second-largest institutional investor in South Korea, with $40.2 billion in assets under management. The pension fund has allocated 40% of its investments in alternative assets, 10% domestic and 9% international stocks. KTCU has yet to determine the size and other details of its potential Bitcoin ETF investment.
The news comes amid global pension funds getting increasingly interested in gaining exposure to cryptocurrencies like Bitcoin and major companies in the industry. Last week, the Houston Firefighters’ Relief and Retirement Fund reportedly purchased $25 million in Bitcoin and Ether (ETH). Canada’s Ontario Teachers’ Pension Plan Board participated in a $420-million funding round for major crypto exchange FTX, the firm announced on Thursday.
KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an executive reportedly said.
South Korea’s public pension fund, the Korean Teachers’ Credit Union (KTCU), is reportedly looking to gain exposure to Bitcoin (BTC) via a crypto exchange-traded fund (ETF).
KTCU, one of the largest institutional investors in South Korea, is considering investing in a pure Bitcoin ETF or Bitcoin-linked ETFs in the first half of 2022, local news agency The Korea Economic Daily reported Monday.
According to the report, KTCU is considering investing in several Bitcoin ETF products, including those by South Korean asset management firm Mirae Asset Global Investments. The company launched two ETFs tracking the value of Bitcoin futures via its Canadian subsidiary, Horizons ETFs, in April 2021.
“As there are some well-made cryptocurrency-linked ETF products by asset managers such as Korea’s Mirae Asset Global Investments, we plan to invest in the ETF products after consultation with domestic asset managers,” an executive at KTCU reportedly said.
The official also mentioned potential investment in a Bitcoin ETF by Mirae Asset’s subsidiary, Global X ETFs, which filed for a Bitcoin ETF with the United States Securities and Exchange Commission in July.
According to the report, KTCU is the second-largest institutional investor in South Korea, with $40.2 billion in assets under management. The pension fund has allocated 40% of its investments in alternative assets, 10% domestic and 9% international stocks. KTCU has yet to determine the size and other details of its potential Bitcoin ETF investment.
The news comes amid global pension funds getting increasingly interested in gaining exposure to cryptocurrencies like Bitcoin and major companies in the industry. Last week, the Houston Firefighters’ Relief and Retirement Fund reportedly purchased $25 million in Bitcoin and Ether (ETH). Canada’s Ontario Teachers’ Pension Plan Board participated in a $420-million funding round for major crypto exchange FTX, the firm announced on Thursday.
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Telegram 🇬🇧: https://t.me/flokimooni
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📈Chart: https://poocoin.app/tokens/0x0f5351b9eaefd6687dff143de6ea5d01cb9c1205
Contract address 📈 : 0x0f5351b9eaefd6687dff143de6ea5d01cb9c1205
Website 🖥:https://flokimooni.com
Twitter 🕊: https://twitter.com/flokimooni
Telegram 🇬🇧: https://t.me/flokimooni
Bitcoin Regains Strength, Ethereum Hits New ATH, SHIB Slides.
Bitcoin price was able to start a fresh increase above the USD 60,000 and USD 60,500 resistance levels. BTC climbed above USD 61,200. It is currently (04:18 UTC) facing resistance near USD 62,000, above which there could be a steady increase.
Besides, most major altcoins are gaining bullish momentum. ETH rallied 9% and it even spiked above USD 4,400. XRP could test the USD 1.12 resistance zone. ADA is now consolidating above the USD 2.00 level.
After a close above USD 60,000, bitcoin price was able to recover further. BTC was able to climb above the USD 60,500 and USD 61,200 resistance levels. An immediate resistance is near the USD 61,800 level. The next major resistance is near USD 62,000, above which the price may perhaps gain bullish momentum.
On the downside, an initial support is near the USD 61,200 level. The main support is now forming near the USD 60,000 level, below which the price might gain bearish momentum.
Ethereum price started a major increase above the USD 4,200 resistance. ETH rallied 9% and it even spiked above USD 4,400, reaching its new all-time high of USD 4,416 (per Coingecko) and correcting lower soon after. On the upside, an initial resistance is near the USD 4,400 level. The next major resistance is near USD 4,440, above which the price could accelerate higher towards the USD 4,550 level.
Bitcoin price was able to start a fresh increase above the USD 60,000 and USD 60,500 resistance levels. BTC climbed above USD 61,200. It is currently (04:18 UTC) facing resistance near USD 62,000, above which there could be a steady increase.
Besides, most major altcoins are gaining bullish momentum. ETH rallied 9% and it even spiked above USD 4,400. XRP could test the USD 1.12 resistance zone. ADA is now consolidating above the USD 2.00 level.
After a close above USD 60,000, bitcoin price was able to recover further. BTC was able to climb above the USD 60,500 and USD 61,200 resistance levels. An immediate resistance is near the USD 61,800 level. The next major resistance is near USD 62,000, above which the price may perhaps gain bullish momentum.
On the downside, an initial support is near the USD 61,200 level. The main support is now forming near the USD 60,000 level, below which the price might gain bearish momentum.
Ethereum price started a major increase above the USD 4,200 resistance. ETH rallied 9% and it even spiked above USD 4,400, reaching its new all-time high of USD 4,416 (per Coingecko) and correcting lower soon after. On the upside, an initial resistance is near the USD 4,400 level. The next major resistance is near USD 4,440, above which the price could accelerate higher towards the USD 4,550 level.
Metaverse Tokens Extend Rally After Facebook's Meta Move.
Tokens that in various ways are associated with the metaverse – a term used to describe virtual reality worlds online – have continued their rise higher this week, with many tokens seeing triple-digit percentage returns over the past 7 days. The gains have come after Facebook’s move last week to rebrand itself as Meta.
At 13:00 UTC on Tuesday, metaverse and gaming tokens such as decentraland (MANA), the sandbox (SAND), and enjin coin (ENJ) were all up strongly over the past 7 days, rising by 285%, 239%, and 57%, respectively. However, MANA corrected its gains today.
Meanwhile, the popular play-to-earn game token axie infinity (AXS) was up by a much more modest 5% over the same time period, after having seen strong gains earlier in the month.
The gains for this category of tokens come after news from last week that Facebook is renaming the company that operates the social media platform to Meta. The move is, according to the company, part of a plan to brand itself as a “metaverse company,” with references made to crypto and non-fungible tokens (NFTs) in official communications about the rebranding.
The rush into tokens associated with the metaverse could also be seen in the Metaverse Index (MVI), an index token that tracks the price of several major tokens in the category.
At the time of writing, the index was up by more than 72% over the past 7 days, after hitting an all-time high of USD 261 earlier in the day.
Tokens that in various ways are associated with the metaverse – a term used to describe virtual reality worlds online – have continued their rise higher this week, with many tokens seeing triple-digit percentage returns over the past 7 days. The gains have come after Facebook’s move last week to rebrand itself as Meta.
At 13:00 UTC on Tuesday, metaverse and gaming tokens such as decentraland (MANA), the sandbox (SAND), and enjin coin (ENJ) were all up strongly over the past 7 days, rising by 285%, 239%, and 57%, respectively. However, MANA corrected its gains today.
Meanwhile, the popular play-to-earn game token axie infinity (AXS) was up by a much more modest 5% over the same time period, after having seen strong gains earlier in the month.
The gains for this category of tokens come after news from last week that Facebook is renaming the company that operates the social media platform to Meta. The move is, according to the company, part of a plan to brand itself as a “metaverse company,” with references made to crypto and non-fungible tokens (NFTs) in official communications about the rebranding.
The rush into tokens associated with the metaverse could also be seen in the Metaverse Index (MVI), an index token that tracks the price of several major tokens in the category.
At the time of writing, the index was up by more than 72% over the past 7 days, after hitting an all-time high of USD 261 earlier in the day.
Bitcoin Turns Into a Political Tool as US Mayors Compete For BTC Salaries.
Another US politician deciding to accept some of their salary in crypto shows how bitcoin (BTC) is increasingly becoming a political instrument for decision-makers who wish to appeal to more tech-savvy and crypto-friendly voters.
The election of Eric Adams as the new mayor of New York City has added another crypto-enthusiast to the growing club of crypto-friendly US mayors who declared readiness to accept their next paycheck in BTC, alongside the mayors of Miami and Jackson, Tennessee.
Miami’s notoriously pro-crypto Mayor Francis Suarez, who was reelected earlier this week as the Republican Party’s candidate, announced shortly after his win he would take his next paycheck “100% in bitcoin”.
This has triggered a response by Adams, a Democrat, who vowed during the campaign to transform the Big Apple into “the center of bitcoins.”
“In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!” Adams tweeted.
Taking into account his predecessor’s reported base annual salary of USD 258,541, this would leave Adams with about USD 64,635 worth of cryptocurrency, or slightly more than BTC 1 as of pixel time (UTC 09:00).
The mayor-elect’s declaration was welcomed by Suarez who congratulated Adams on his election and said he was looking “forward to the friendly competition in making our respective cities a crypto capital!”
As the stakes went higher, the competition for America’s most crypto-friendly mayor was joined by Scott Conger of Jackson, Tennessee, who has served as the city’s mayor since 2019. The politician announced that, while he could not legally be paid in bitcoin by the city under the state law, he would make sure to buy some crypto with his next salary “and instantly convert my next paycheck to Bitcoin”.
Another US politician deciding to accept some of their salary in crypto shows how bitcoin (BTC) is increasingly becoming a political instrument for decision-makers who wish to appeal to more tech-savvy and crypto-friendly voters.
The election of Eric Adams as the new mayor of New York City has added another crypto-enthusiast to the growing club of crypto-friendly US mayors who declared readiness to accept their next paycheck in BTC, alongside the mayors of Miami and Jackson, Tennessee.
Miami’s notoriously pro-crypto Mayor Francis Suarez, who was reelected earlier this week as the Republican Party’s candidate, announced shortly after his win he would take his next paycheck “100% in bitcoin”.
This has triggered a response by Adams, a Democrat, who vowed during the campaign to transform the Big Apple into “the center of bitcoins.”
“In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!” Adams tweeted.
Taking into account his predecessor’s reported base annual salary of USD 258,541, this would leave Adams with about USD 64,635 worth of cryptocurrency, or slightly more than BTC 1 as of pixel time (UTC 09:00).
The mayor-elect’s declaration was welcomed by Suarez who congratulated Adams on his election and said he was looking “forward to the friendly competition in making our respective cities a crypto capital!”
As the stakes went higher, the competition for America’s most crypto-friendly mayor was joined by Scott Conger of Jackson, Tennessee, who has served as the city’s mayor since 2019. The politician announced that, while he could not legally be paid in bitcoin by the city under the state law, he would make sure to buy some crypto with his next salary “and instantly convert my next paycheck to Bitcoin”.
TODAY, FINALLY, OUR GAME WILL RELEASE!
🏈 With a fast ROI for the first players (less then 20 days)!
🏈 Token pre sale sold out in 27 seconds.
🏈 First NFT Sales sold out in less then a minute.
🏈 Last NFTs offer 39 BUSD. Have fun! Oh, and make money as well!
www.dogesuperbowl.finance
Doge Superbowl is an NFT game based on the vibrant culture of Football 🏈
In DSB the players can compete against the machine and against other players, receiving rewards in DSBOWL, which is our core token. Today we are launching the PvE mode at 00h UTC!
This "play-to-earn" system allows the player to earn an income while playing and having fun. All characters in the game are NFTs and belong exclusively to the player. The whitepaper is on our website!
Build your team, train your Doges and be the best trainer in the world!
www.dogesuperbowl.finance
Contract:
PancakeSwap - https://pancakeswap.finance/info/token/0x6a43f8f4b12fcd3b3eb86b319f92eb17c955dda3
Contact us:
https://t.me/dogesuperbowlusa
🏈 With a fast ROI for the first players (less then 20 days)!
🏈 Token pre sale sold out in 27 seconds.
🏈 First NFT Sales sold out in less then a minute.
🏈 Last NFTs offer 39 BUSD. Have fun! Oh, and make money as well!
www.dogesuperbowl.finance
Doge Superbowl is an NFT game based on the vibrant culture of Football 🏈
In DSB the players can compete against the machine and against other players, receiving rewards in DSBOWL, which is our core token. Today we are launching the PvE mode at 00h UTC!
This "play-to-earn" system allows the player to earn an income while playing and having fun. All characters in the game are NFTs and belong exclusively to the player. The whitepaper is on our website!
Build your team, train your Doges and be the best trainer in the world!
www.dogesuperbowl.finance
Contract:
PancakeSwap - https://pancakeswap.finance/info/token/0x6a43f8f4b12fcd3b3eb86b319f92eb17c955dda3
Contact us:
https://t.me/dogesuperbowlusa
Major Swedish Power Company Defends Bitcoin Mining as Regulators Propose Ban.
A joint statement from the directors-general of the Swedish Financial Supervisory Authority and the Swedish Environmental Protection Agency has called for a total ban on proof-of-work mining of cryptocurrencies, such as Bitcoin (BTC), within the EU. Meanwhile, Sweden’s state-owned power company is publicly defending crypto mining, saying it has the potential to balance the load on power grids.
According to the joint statement, crypto miners have taken a keen interest in the Nordic region because of the access to renewable energy in the region. It added that this is not in Sweden’s interest, because the country “needs the renewable energy targeted by crypto-asset producers for the climate transition,” as well as for its ability to meet the Paris Climate Accords goals.
“Energy-intensive mining of crypto-assets should therefore be prohibited,” the statement went on to say, while also describing the “social benefit” of digital assets as “questionable.”
In conclusion, the statement called on the EU to ban proof-of-work mining throughout the region as a “first step,” saying:
“A ban on the proof-of-work mining method within the EU could be an important first step in a global move towards a greater use of more energy-efficient crypto mining methods. It would also mean that our renewable energy is used as efficiently as possible in order to support the transition towards climate neutrality.”
The joint statement from the two government bodies has also received widespread attention in the Swedish media, with Swedish broadcaster SVT hosting a discussion on the topic, and op-eds taking a stand for and against the proposal being published in several local newspapers.
A joint statement from the directors-general of the Swedish Financial Supervisory Authority and the Swedish Environmental Protection Agency has called for a total ban on proof-of-work mining of cryptocurrencies, such as Bitcoin (BTC), within the EU. Meanwhile, Sweden’s state-owned power company is publicly defending crypto mining, saying it has the potential to balance the load on power grids.
According to the joint statement, crypto miners have taken a keen interest in the Nordic region because of the access to renewable energy in the region. It added that this is not in Sweden’s interest, because the country “needs the renewable energy targeted by crypto-asset producers for the climate transition,” as well as for its ability to meet the Paris Climate Accords goals.
“Energy-intensive mining of crypto-assets should therefore be prohibited,” the statement went on to say, while also describing the “social benefit” of digital assets as “questionable.”
In conclusion, the statement called on the EU to ban proof-of-work mining throughout the region as a “first step,” saying:
“A ban on the proof-of-work mining method within the EU could be an important first step in a global move towards a greater use of more energy-efficient crypto mining methods. It would also mean that our renewable energy is used as efficiently as possible in order to support the transition towards climate neutrality.”
The joint statement from the two government bodies has also received widespread attention in the Swedish media, with Swedish broadcaster SVT hosting a discussion on the topic, and op-eds taking a stand for and against the proposal being published in several local newspapers.
🚀First time in history an NFT was sold for 35 ETH in primary sales!
1st stage of the Reservation was sold out in 2 seconds! ⏳
• 498 Random Eggs sold for 0.2 ETH each
• 1 Epic Egg sold for 7 ETH
• 1 Legendary Egg sold for 35 ETH
Stay tuned not to miss the 2nd stage of Reservation
Visit: cryptodragons.com 🌐
1st stage of the Reservation was sold out in 2 seconds! ⏳
• 498 Random Eggs sold for 0.2 ETH each
• 1 Epic Egg sold for 7 ETH
• 1 Legendary Egg sold for 35 ETH
Stay tuned not to miss the 2nd stage of Reservation
Visit: cryptodragons.com 🌐
What an amazing time for Rubic to integrate the Moonriver network!
After their wildly successful integration of the Avalanche blockchain, Rubic’s team immediately started working on integrating the Moonriver network. Yesterday, they presented their complete integration of Moonriver into rubic.exchange. There are now 5 blockchains supported by Rubic’s Multi-Chain Swaps: BSC, Ethereum, Polygon, Avalanche and Moonriver.
On that very same day, Binance even listed Moonriver and opened trading for MOVR/BTC, MOVR/BNB, MOVR/BUSD, and MOVR/USDT trading pairs.
To trade these and other trading pairs, visit Rubic.
And don’t miss the updates:
Telegram Announcement Channel: Rubic Announcements
Telegram Chat: Rubic
After their wildly successful integration of the Avalanche blockchain, Rubic’s team immediately started working on integrating the Moonriver network. Yesterday, they presented their complete integration of Moonriver into rubic.exchange. There are now 5 blockchains supported by Rubic’s Multi-Chain Swaps: BSC, Ethereum, Polygon, Avalanche and Moonriver.
On that very same day, Binance even listed Moonriver and opened trading for MOVR/BTC, MOVR/BNB, MOVR/BUSD, and MOVR/USDT trading pairs.
To trade these and other trading pairs, visit Rubic.
And don’t miss the updates:
Telegram Announcement Channel: Rubic Announcements
Telegram Chat: Rubic
Klima DAO accumulates $100M of carbon offsets, aims to drive up price.
Climate activism via blockchain is becoming a serious topic of discussion among academics and industry professionals as carbon offsets are tokenized.
Climate-change focused Klima DAO has accumulated over 9 million tonnes of carbon offsets according to a Nov. 8 announcement. The USD value of those offsets has surpassed $100 million.
In a blog post, the project explained that those offsets are equivalent to the annual emissions of Georgia, Jamaica, or Papua New Guinea. The Klima DAO protocol aims to increase the price appreciation of carbon assets.
The core team told Cointelegraph that it intends to put upward pressure on the price of carbon offsets “so that it becomes more profitable to engage in offset-generating activities, such as conserving land for carbon sequestration, or restoring forests and wetlands.”
Carbon offsets are reductions in greenhouse gas emissions in one place to compensate for emissions somewhere else.
By accumulating all those offsets, known as Base Carbon Tonnes (BCT), the Klima DAO treasury has locked in about 85% of the existing 10.7 million BCTs on-chain. Each BCT is a digital asset representing one tonne of carbon from the Verified Carbon Unit (VCU) registry, which has been bridged onto the Polygon Network by the Toucan Protocol.
As the balance of BCT in its treasury increases:
“The Klima DAO community will look to promote higher quality carbon offset projects, particularly in developing economies.”
The project hopes to stimulate a growth in the price of BCT tokens by offering fee sharing, a bonding program, and incentivized liquidity pools on Sushiswap.
The project is taking advantage of blockchain as a record-keeping system that can create standardization and accountability in efficiently assessing data about the economic and environmental impact of offsets.
Climate change control via blockchain has become a common topic among both the tech-savvy and environmentally-sensitive. During this week’s GOP26 event in Glasgow, Scotland, groups from the United Citizens Organization and the Climate Change Coalition advocated for green economy initiatives.
Climate activism via blockchain is becoming a serious topic of discussion among academics and industry professionals as carbon offsets are tokenized.
Climate-change focused Klima DAO has accumulated over 9 million tonnes of carbon offsets according to a Nov. 8 announcement. The USD value of those offsets has surpassed $100 million.
In a blog post, the project explained that those offsets are equivalent to the annual emissions of Georgia, Jamaica, or Papua New Guinea. The Klima DAO protocol aims to increase the price appreciation of carbon assets.
The core team told Cointelegraph that it intends to put upward pressure on the price of carbon offsets “so that it becomes more profitable to engage in offset-generating activities, such as conserving land for carbon sequestration, or restoring forests and wetlands.”
Carbon offsets are reductions in greenhouse gas emissions in one place to compensate for emissions somewhere else.
By accumulating all those offsets, known as Base Carbon Tonnes (BCT), the Klima DAO treasury has locked in about 85% of the existing 10.7 million BCTs on-chain. Each BCT is a digital asset representing one tonne of carbon from the Verified Carbon Unit (VCU) registry, which has been bridged onto the Polygon Network by the Toucan Protocol.
As the balance of BCT in its treasury increases:
“The Klima DAO community will look to promote higher quality carbon offset projects, particularly in developing economies.”
The project hopes to stimulate a growth in the price of BCT tokens by offering fee sharing, a bonding program, and incentivized liquidity pools on Sushiswap.
The project is taking advantage of blockchain as a record-keeping system that can create standardization and accountability in efficiently assessing data about the economic and environmental impact of offsets.
Climate change control via blockchain has become a common topic among both the tech-savvy and environmentally-sensitive. During this week’s GOP26 event in Glasgow, Scotland, groups from the United Citizens Organization and the Climate Change Coalition advocated for green economy initiatives.
