Bitcoin price sheds 3% as $6B leaves Mt. Gox cold wallet
Mt. Gox appears to be shifting funds from cold storage in preparation for distribution to creditors, with nearly 100,000 BTC in outflows on July 16.
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Bloomberg: Bitcoin Is Stabilizing at 6x the Price of Gold
Bloomberg suggests that the price of Bitcoin is stabilizing at six times the price of gold, yet it contends that the asset is still undervalued. In its crypto outlook for August, Bloomberg contends that the price of Bitcoin (BTC) is stabilizing at six times the price of an ounce of gold. This speculation came shortly…

China: WeChat Searches for ‘Blockchain’ and A-Share Stocks Skyrocket
Stocks in Chinese blockchain A-share firms maxed out to their 10% daily limit after an endorsement of the technology from the highest echelons of power.The stock market rally was reported on Oct. 28 by the Global Times, an English-language newspaper within the CPC-owned People’s Daily Group.Last week, President Xi Jinping had called for the country…

From neglecting security to bad tokenomics, DeFi has played a hand in its own decline
Tokenomics aimed at financing worthless models, rampant hacks, and a lack of real-world utility have played a role in the beleaguered crypto market's decline. 125 Total views 23 Total shares

OpenSea launches advanced NFT marketplace aggregator
The launch of OpenSea Pro is the result of OpenSea's acquisition of NFT aggregator Gem in April 2022. 242 Total views 3 Total shares Own this piece of history Collect this article as an NFTNFT marketplace OpenSea has unveiled OpenSea Pro, its new non-fungible token (NFT) marketplace aggregator aimed at serving the needs of professional…

US Lawmakers Say IRS Too Focused on Enforcement, Should Provide Clarity for Crypto Taxation
U.S. lawmakers have called on the Internal Revenue Service (IRS) to issue clarified and “comprehensive” crypto taxation guidance, in an open letter submitted yesterday, September 19.The letter was sent to acting IRS commissioner David Kautter by Congress members David Schweikert, Darin LaHood, and Brad Wenstrup, Kevin Brady and Lynn Jenkins from the Committee on Ways…

Crypto exchange Kraken’s new NFT marketplace to issue loans
Jesse Powell said the exchange will expand into a marketplace for nonfungible tokens and NFT-backed loans beginning in 2022. 358 Total views 9 Total shares Kraken founder and CEO Jesse Powell recently shared in an interview with Bloomberg News that the crypto exchange will launch a nonfungible token (NFT) marketplace that will enable users to…

Dogwifhat jumps 16% — WIF price eyes more gains as Solana ETF hype grows
WIF has entered the breakout stage of its prevailing BARR Bottom pattern, with Solana ETF hype furthering the memecoin's upside outlook.

MGA Entertainment and Ioconic launch L.O.L. Surprise NFT platform in 20,000 retail stores worldwide
The collectibles will be available at 20,000 retail locations including Walmart, Target, Walgreens. 515 Total views 32 Total shares Toy company MGA entertainment announced Tuesday that the first nonfungible token (NFT)-based cards for the L.O.L. Surprise trading card game are now available for purchase.The company entered into a partnership with digital asset consultancy firm Ioconic in September and…