Table of Contents
Bitcoin News: 21th October 2021
- “Dogecoin Killer” Shiba Inu gets listed by robinhood competitor
- BTC/USD bulls eyeing new all-time high, Is a new economic boost yet to come?
- UAE exchange expands partnership with Ripple, for cross-border payments
- Popular F1 Team McLaren Racing Launches NFTs Platform on Tezos
- Bitcoin dumps $2,400 after setting $67,000 high
- Luxury Shoe Brand Jimmy Choo Floats First NFT Collection on Binance
- Cardano-based decentralized exchange RavenDex reveals demo.
- Revealed: The Crypto Fans Who Secretly Paid $4 Million for Pharma Bro’s Wu-Tang Album
“Dogecoin Killer” Shiba Inu gets listed by robinhood competitor
Shiba Inu, the memes cryptocurrency named after the eponymous Japanese dog breed, is now available on Public.com, according to the business.
In early October, the New York-based online brokerage extended cryptocurrency functionality, starting with Bitcoin, Ether, Litecoin, Dogecoin, and a few more altcoins.
I can’t stop but think whether it is a token war or a meme battle now, well memers this is your time!
Public, a competitor to Robinhood and WeBull, first launched in 2019. After a $220 million investment round in February, the company was valued at $1.2 billion, hot on the heels of the GameStop craze.
According to U.Today, Shiba Inu saw a substantial price increase on Monday because to speculations of a fraudulent Robinhood listing.
The Dogecoin competitor was also listed on the oldest crypto exchanges in India and Turkey earlier this month.
BTC/USD bulls eyeing new all-time high
On Wednesday, bitcoin surpassed its all-time high, just one day after the New York Stock Exchange debuted the first bitcoin futures-based exchange-traded fund (ETF).
The world’s most valuable cryptocurrency was up 3.30 percent at US$66,364.72, after hitting a new high of US$67,016.50, surpassing the previous high of US$64,895.22 set on April 14 this year.
The ProShares Bitcoin Strategy ETF began trading on this Tuesday, a step that market players believe will spur investment into the digital commodity.
The ETF closed Tuesday at US$41.94, up 2.59 percent from its opening price of US$40.88, and continued to rise on Wednesday, closing at US$43.52, up 3.76 percent.
After its prospectus was changed in a filing with the Securities and Exchange Commission, the Valkyrie Bitcoin Strategy ETF, which was set to debut on the Nasdaq on Wednesday, appeared to be delayed. The Nasdaq expects the ETF to launch on Thursday, according to a source familiar with the situation, but this has yet to be confirmed.
The debut of the new product was “important” for bitcoin, according to James Quinn, managing partner of Q9 Capital, a Hong Kong-based cryptocurrency private wealth manager.
Any licenced brokerage firm in the United States that wants to take on this ETF can do so as simply as any other ETF, according to Quinn, which “should make it available to a lot more consumers.”
UAE exchange expands partnership with Ripple, for cross-border payments
The Ripple Effect is felt all around the world, especially in the United Arab Emirates. Al Ansari Exchange, a UAE-based foreign exchange and money transfer provider, has announced the expansion of its cross-border payment relationship with Ripple.
Rashed A., the CEO of Al Ansari Exchange, said
“By partnering with Ripple and MoneyMatch to bring this technology to the cloud, we are able to provide our customers with more flexible, faster, safer, and innovative money transfer alternatives.”
Together, we’re setting new industry standards, with the ultimate goal of reinventing customer experience and elevating our services to new heights globally.”
According to Navin Gupta, Ripple’s Managing Director for South Asia and MENA,
“We see our collaboration with MoneyMatch as a continuation of that attitude, and we’re looking forward to working with them to improve cross-border payments in critical remittance corridors with RippleNet Cloud.”
Asheesh Birla, RippleNet’s General Manager, had previously stated that the APAC area remained Ripple’s busiest in terms of customer demand and transaction growth. Given the enormous number of remittances, it has previously facilitated a corridor between India and the UAE. Ripple has helped to change the face of cross-border payments as the UAE advances its fintech status.
Popular F1 Team McLaren Racing Launches NFTs Platform on Tezos
The world’s most popular and longest-running Formula One team has joined the NFT craze by releasing a digital art collection on the Tezos blockchain.
McLaren Racing, a British motor racing company, has announced the introduction of its non-fungible tokens (NFTs) platform, which allows fans and digital art collectors to acquire digital memorabilia. The new venture will be based on the well-known Tezos blockchain.
The NFT platform, named “McLaren Racing Collective,” will allow fans and other enthusiasts to “own a piece” of the motor racing company, according to a press statement shared with CryptoPotato.
Fans and collectors can purchase several digital parts of the MCL35M 2021 Formula 1 race car built from the official McLaren Racing CAD in the first NFT drop.
Lindsey Eckhouse, Director, Licensing, eCommerce, and eSports, McLaren Racing, stated of the launch,
“We are ecstatic to announce the opening of McLaren Racing Collective, which will allow us to engage with fans in a novel way.” We’re building new methods to evolve our fan experience using NFTs built on the energy-efficient Tezos blockchain, and an unique McLaren Racing digital collectible marketplace gives people a completely new way to connect with our team.”
To celebrate the opening of the Mclaren Racing Collectibles platform, the team has decided to give the first 5,000 fans who sign up a digital portion of the MCL35M race vehicle.
As McLaren looks to integrate the NFT marketplace into its long-term fan engagement plan, the MCL35M collectibles drop will be the first of many such events and campaigns.
Bitcoin dumps $2,400 after setting $67,000 high
As the world’s largest cryptocurrency broke all-time highs yesterday, traders sold it in droves.
According to statistics from several sources, Bitcoin (BTC) dropped roughly $2,400 this morning after hitting an all-time high of $67,000 yesterday night.
The all-time high was achieved after a futures exchange-traded fund (ETF) went live on Tuesday, with over $500 million in Bitcoin exposure offered on the first day of trading.
However, traders rushed in this morning to cash in on their winnings, sending Bitcoin plummeting by hundreds of dollars.
According to data from analytics tool Bybt, the move resulted in almost $220 million in futures liquidations. For the uninitiated, ‘liquidations’ occur when leveraged positions are automatically closed off by exchanges/brokers as a safety measure.
On Bitmex, the greatest single liquidation order occurred, with a Bitcoin trade worth $10 million. Shorts, or traders betting against growing prices, accounted for 66% of all liquidations, with crypto exchange FTX alone accounting for $58 million in Bitcoin futures liquidations.
Meanwhile, the Bitcoin sell-off put a temporary halt to last night’s green surge in the crypto markets.
Luxury Shoe Brand Jimmy Choo Floats First NFT Collection on Binance
On the Binance NFT marketplace, global luxury fashion company Jimmy Choo has unveiled its first-ever Non-Fungible Token (NFT) collection.
The collection will be accessible for six days, according to Binance, and the NFT was created in partnership with New York artist Eric Haze.
The world of Non-Fungible Tokens is slowly growing, with worldwide corporations looking for ways to get on board. The outgrowth of blockchain technology represents a one-of-a-kind opportunity for all types of authors to possess transferable copyrights to their works and be properly compensated for their efforts.
There are also 8,888 Mystery Boxes available for purchase, which are separated into four scarcity tiers: a single super-super-rare Jimmy Choo / Eric Haze LOVE 100 Glitter, super-rare cards, rare cards, and neutral cards.
Beyond the Binance Smart Chain (BSC) network, the advancement of NFTs is becoming a topic of discussion on other blockchain networks. Despite the launch of NFT marketplaces by centralised exchanges such as Coinbase, Crypto.com, and FTX, to name a few, NFT transaction volumes across historical marketplaces, such as OpenSea, are increasing dramatically. This demonstrates the rising desire for digital collectibles and the establishment of marketplaces to meet it.
Cardano-based decentralized exchange RavenDex reveals demo
Cardano is incredibly popular these days, and we just ran a storey on it two days ago.
RavenDex aspires to be the most popular DEX in the Cardano ecosystem.
RavenDex, a Cardano-focused decentralised exchange, revealed this week that its front-end demo is now available for users to try out.
When RavenDex becomes online, users will be able to give liquidity and create a market pair on any native Cardano token for others to swap while taking advantage of the Cardano blockchain’s performance and cheap costs.
The RavenDex team is working to create one of the first decentralised Cardano exchanges.
In addition, this presentation comes only days after an overcrowded private sale round for early adopters, in which they contributed in exchange for the utility token $RAVE.
The Crypto Fans Who Secretly Paid $4 Million for Pharma Bro’s Wu-Tang Album
Attorney Peter Scoolidge arrived at the Eastern District Courthouse in Cadman Plaza in Brooklyn at the end of July. The lawyer was no stranger to the courthouse, but that day he had an unique task: listen to the lone remaining copy of Wu-Tang Clan’s Once Upon a Time in Shaolin album to see if the material was still intact.
The CD was simultaneously condemned as an aristocratic stunt-art scam and embraced as a clever protest against digitization’s deterioration of music’s value when Wu-Tang auctioned it off for $2 million in 2015. Martin Shkreli, a hedge-fund and pharmaceutical tycoon who was swiftly becoming one of America’s most loathed men, was the buyer at the time.
Once Upon a Time in Shaolin was confiscated by the US government before being sold to PleasrDAO, an organisation known for collecting digital memorabilia celebrating “anti-establishment rebels” such as Edward Snowden and the Russian band Pussy Riot. (Pussy Riot’s Nadya is now a PleasrDAO member.)
PleasrDAO had previously purchased an NFT of a popular meme and made ownership shares available to the public at a low cost. Johnson noted at the time, “[I]t’s almost as if the Louvre chose to fractionalize the Mona Lisa and release a bit of it for the public to hold.” It’s unclear whether something similar may happen in the Once Upon a Time in Shaolin reality. According to Bozorgmehr, “you can’t do much” with the record. “However, I believe that all of those constraints, or at least part of them, would be open for debate if PleasrDAO had a good enough notion.”
On the concept front, Johnson is convinced that his DAO can deliver. He describes his company as a “Willy Wonka factory of NFTs.” “We want to do outrageous stuff while also having a significant charitable component,” says the group.
Read Yesterday’s news here.