South Korean regulator is wary of NFT-based games

The South Korean blockchain gaming industry is concerned regulators are looking unfavorably on non-fungible token based games, after the Game Rating and Administration Committee (GRAC) postponed an application for the NTF-based Five Stars on September 22.  According to iNews24, the watchdog decided to hold off from issuing a rating for Five Stars, a game developed by South Korean tech giant, Kakao. The company is well-known for its recent ventures in the local crypto industry. Non-fungible tokens, or NFTs, are crypto tokens that are each verifiably unique, despite being issued under…

MicroStrategy CEO could ‘liquidate $200M in Bitcoin on Saturday’

Michael Saylor has said that all $400 million of business intelligence firm MicroStrategy’s Bitcoin reserve holdings could be liquidated at any time. In a Sept. 22 interview, Saylor told Bloomberg that although “volatility isn’t really a reason to sell,” he would not hesitate to dump MicroStrategy’s 38,250 Bitcoin (BTC) at a moment’s notice if an alternative asset’s yields were to jump. Selling such a large amount of the crypto asset could easily cause a significant price drop, as happened in June when whales reportedly caused the price of Bitcoin to…

Here’s What Could Be Fueling Uniswap Token’s Rapid Descent Below $4.00

Uniswap’s newly released governance token – called UNI – has seen some immense volatility in the time following its launch. After rallying from lows of $1.00 to highs of $8.50, the cryptocurrency’s price has been descending rapidly. It appears that those who received 400+ tokens as a result of the recent airdrop are beginning to sell them to sure up their free profits, while the present lack of incentives for token holders continues placing pressure on the token. It has now broken below $4.00 and appears to be poised to…

You won’t believe the depths to which crypto scammers on Twitter are willing to sink

Last Friday night, crypto YouTuber Ivan on Tech messaged me on Twitter. Shortly into our conversation, he graciously offered me an investment opportunity in “Bitcoin trading/mining”, courtesy of a platform that he alleged was associated with Binance.  A tale of two Ivans; the real one is on the left. Source: Twitter. In reality, however, I was being approached by an Ivan impersonator, peddling a crypto affinity scam. The platform “Ivan” advertised, called Cryptobinance, has no affiliation with the actual Binance exchange, a representative of the company told Cointelegraph. But I…

Bitcoin options still bullish despite this week’s $900 BTC price drop

The $900 Bitcoin (BTC) price drop over the past two days might have been scary for novice traders, but those trading futures and options don’t seem bothered.  Cryptocurrency daily market performance snapshot. Source: Coin360 As Bitcoin price rallied to $11,000 on Sept. 19, investors may have become overly excited as the price briefly broke an important resistance level.  The steady rally lasted ten days and saw Bitcoin’s dominance rate rebound for a 15-month low and this had some traders calling for a return to the $12,000 level. This sentiment began…

Major banks implicated in the FinCen leak take a beating in the stock market

The major banks who were mentioned in the recent FinCen leak were subsequently thrashed by the market today. According to the investigation conducted by the International Consortium of Investigative Journalists, over the 20-year period from 1997 to 2017, the listed financial institutions facilitated over $2 trillion worth of suspicious transactions. When this news broke out yesterday, it was a day of reckoning for many of these institutions. Stocks top-5 banks by the amount of suspicious activity. Deutsche Bank was allegedly singularly responsible for over $1.3T of such transactions. To put this…

Chainlink Could Soon “Nuke” Lower if It Breaks Below Critical Support

Chainlink’s price has been sinking like a stone throughout the past few days and weeks, with buyers being unable to garner any sustainable bullish momentum as the cryptocurrency faces immense inflows of selling pressure. This has caused the crypto to dive down to a crucial support level that has proven to be historically significant. As such, how it reacts to this level in the days and weeks ahead could provide some serious insights into its near-term outlook, with a strong bounce here providing bulls with a serious boost. A break below…

DeFi may not be like the ICO boom, but is that a good thing?

The crypto industry has boasted tremendous growth over the past year, largely thanks to the decentralized finance, or DeFi, boom. Some believe that the DeFi sector resembles the initial coin offering, or ICO, bubble of 2017. Others disagree, noting that the two eras are demonstrably different. “At least in the 2017 ICO bubble there was effort made to come up with an idea to write a white paper on,” derivatives trader, financial analyst, and YouTube host Tone Vays told Cointelegraph. “In the world of yield farming, you don’t even need…

Bitcoin-related ads are now streaming on Disney+ in some regions thanks to Zebpay

Crypto exchange Zebpay has launched a campaign with ads featuring Bitcoin during the Indian Premier League cricket games. As reported by Twitter user Mohit Rai Sharma, ads for Zebpay appeared on Indian streaming platform Disney+ Hotstar during a series of cricket matches starting Sept. 19. “Learn about simple, secure Bitcoin,” the ads stated, directing viewers to pay just over $1 to start using the exchange. Sharma stated that the ads represented a “historic moment for crypto in India.” More than 462 million people watched the Indian Premier League games in…

Uniswap UNI Token FOMO Brings Ethereum Fees To Nearly $1M An Hour

Last week, Uniswap launched its UNI token and set the crypto market ablaze with renewed interest in the DeFi project. The 400 free tokens essentially acted as a stimulus check, and as investors rushed to cash their “checks,” it brought Ethereum fees sky-high to a record nearly $1 million in a single hour. What does this mean for Ethereum, and what does it say about the demand for Uniswap’s new DeFi coin? UNI FOMO Drives ETH Gas Fees To Record One-Hour Highs The DeFi trend has brought about flashbacks of…