3 reasons why Enjin (ENJ) price has rallied 800% over the last month

Nonfungible tokens (NFTs) have taken the world by storm as stories of record-breaking digital art sales now regularly appear on mainstream news outlets and popular culture.  One project that has been well-positioned for years to capitalize on this growing trend is Enjin Coin (ENJ), whose co-founder Witek Radomski was also involved in the development of the ERC-1155 token standard, which enabled the creation of NFTs on the Ethereum (ETH) network. Data from Cointelegraph Markets and TradingView shows that the price of ENJ has risen by 800% in the past month,…

$400K Bitcoin predicted this year, NFT warning, Instagram influencer in trouble

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Stock-to-flow creator doesn’t think Bitcoin’s bull market is done Bitcoin’s price seems to have stalled below $60,000 after surging to all-time highs earlier in March. But on the bright side, Friday’s $6-billion expiration of options — a record-breaking sum — didn’t deliver the slump that…

Former US Director of cybersecurity: Crypto ransomware ‘running wild’

Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.”  In an interview on Late Night with Bill Maher, Maher asked the former U.S. Cybersecurity & Infrastructure Security Agency director about his thoughts on Bitcoin. “What’s gonna happen with Bitcoin? Where do you see that going? That’s in sort of your area, I see it bringing down civilization, but maybe I’m being anti-intellectual,” said Maher. “Cryptocurrency is, as…

WINk (WIN) soars as retail DeFi investors flee high Etheruem gas costs

Decentralized finance has exploded in popularity over the past year and many analysts have pointed to the 2020 ‘summer of DeFi’ as the primary catalyst for the rallies seen in Ether (ETH)  and Bitcoin (BTC).  In the beginning, investors were able to easily secure 4-digit annual percentage yield (APY) on an almost endless number of attractively priced assets on Uniswap but the increased activity on the Etheruem network eventually led to unsustainable spikes in gas fees and serious network congestion. These skyrocketing gas fees have priced out the average retail investor…

Uniswap V3 Video NFT Sells for $525,000

Key Takeaways A tokenized version of Uniswap’s V3 video teaser has sold for $525,000. A DAO set up to buy the NFT placed the winning bid. The video’s artist pplpleasr said that the funds would be donated to charities supporting ethnic minority groups. Uniswap announced its highly anticipated V3 update earlier this week. It’s scheduled to launch on May 5. Share this article Following Uniswap’s V3 announcement, an NFT of the video teaser has sold for $525,000.  Uniswap V3 Video Gets Tokenized An NFT of Uniswap’s V3 video has fetched…

Recur raises $5 million for perpetual cross-platform NFT royalties

Can a new non-fungible token (NFT) platform finally solve the problem of ecosystem-wide royalties? NFT platform Recur announced on Thursday a $5 million seed round led by the DeFi Alliance, Delphi Digital, Ethereum co-founder Joe Lubin, and Gemini, among others. The raise claims a number of notable superlatives, including the first seed investment in the NFT ecosystem from industry veteran Gary Vaynerch, as well as the largest seed round ever for a NFT project (Dapper Labs has raised many multiples more money over its three year fundraising history, but largely…

Pussy Riot Talk NFTs Ahead of Major Graffiti Queens Expo

Key Takeaways Share this article The upcoming Graffiti Queens expo welcomes some of the NFT space’s foremost digital artists. It also ushers in some new faces, like the infamous art collective Pussy Riot. Introducing World’s Largest NFT Show The expo is hosted by the Graffiti Kings organization, organized by founder and head artist Darren Cullen and the expo’s curator Crypto Yuna at the helm. The event takes place in Decentraland and features approximately 200 digital artists. Cullen described Yuna as an “OG crypto artist, one of the first women involved…

From utility coin to long-term investment?

Native exchange tokens have exploded in value in recent months, alongside the wider cryptocurrency markets, changing the narrative for what these tokens were originally meant for. Bitcoin (BTC), Ether (ETH) and other cryptocurrencies have seen exponential growth over the past six months. In part, this is due to major institutional investors finally entering the markets in a meaningful way. Grayscale Investments, MicroStrategy and Tesla have been some of the biggest names to make major acquisitions of Bitcoin and other cryptocurrencies, leading to new all-time highs in values. This has had…

At what Bitcoin price will Satoshi Nakamoto become the world’s richest person?

It is estimated that Satoshi Nakamoto, the creator of BTC, will become the world’s richest person if the price of Bitcoin (BTC) hits approximately $182,000. As of March 2021, Amazon founder Jeff Bezos is the richest person on earth with a net worth of $181.6 billion. Elon Musk, the CEO of Tesla, is a close second at $163.7 billion, owning more than 20% of the electric car maker. How much BTC does Satoshi Nakamoto have?  Satoshi Nakamoto, the creator of Bitcoin, released the Bitcoin whitepaper in October 2008 under a…

Filecoin Uptrend Nears Exhaustion After 70% Advance

Key Takeaways Retail investors are growing euphoric about Filecoin after a recent announcement. FIL has risen nearly 70% in the past three days, reaching new yearly highs. Despite the upward price action, on-chain and technical metrics suggest a pullback is coming. Share this article Filecoin has stolen the crypto spotlight after its native token, FIL, rose to new yearly highs. Still, different metrics suggest that this cryptocurrency is poised to retrace before continuing its uptrend. Filecoin’s Popularity Explodes After Chainlink Integration The decentralized storage network Filecoin captured the market’s attention…