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The play-to-earn game’s soft launch is planned for Q1 2022, with 400,000 users already pre-registered. Upcoming NFT based mobile role-playing game Guild of Guardians has sold out two tranches of its native token (GEMS) totaling $5.3 million. The token sale, held on Coinlist on Nov. 30 was oversubscribed 82 times, with around 808,000 users registering. More than 10,700 new GEM holders from over 100 countries purchased a maximum of $500 worth of tokens. However users from Australian, the U.S.,Canada and China were prohibited from purchasing tokens amid mounting regulatory concerns . GOG allocated 6% of the total 1 billion total tokens to the CoinList sale, while 63% of the supply will be distributed via community-driven events, activities, and core gameplay. The play-to-earn game’s soft launch is planned for Q1 2022, with 400,000 users already pre-registered. The game comes from Ukrainian developer Stepico games in partnership with Australian-based NFT layer 2 scaling solution Im...

Those who support him hope he raises enough money to fulfill his personal and charitable needs, while others don’t think he should be selling NFTs at all. Ross Ulbricht, founder of defunct dark web marketplace Silk Road, has created a stir by announcing he will auction off his series of nonfungible tokens (NFT) starting Dec. 2. The imprisoned early Bitcoin adopter announced via his supporter operated Twitter account on Dec. 1 his plans to auction the Ross Ulbricht Genesis Collection on Superare NFT marketplace from Dec. 2-8. The collection consists of 11 works of art Ulbricht handmade, then his supporters minted into NFT form. The art was made in different stages of Ulbricht’s life from childhood up to his time in prison. The early works depict comic book characters and animals, while the later works depicts scenes from his court trial and inner feelings he has had since being imprisoned. Proceeds from the auction will help fund a trust to support Ulbricht’s efforts to be freed ...

In explaining his decision to leave Meta, David Marcus said that his entrepreneurial DNA had been nudging him “for too many mornings in a row to continue ignoring.” David Marcus, the head of Meta’s cryptocurrency and fintech unit Novi, will step down from his role by the end of 2021. Taking over from Marcus will be Stephane Kasriel, the former CEO of Upwork who has been at Meta, formerly known as Facebook, since August 2020. Marcus announced the decision via a Dec. 1 tweet , noting that he had made the “difficult decision” to leave the firm by the end of this year. The exec didn’t go into detail about what his next move would be, but hinted that it may be something “new and exciting” that he builds himself: “While there’s still so much to do right on the heels of launching Novi — and I remain as passionate as ever about the need for change in our payments and financial systems — my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it.” Ma...

Borderless Capital is looking to use its $500 million fund to back projects powering the “next generation” of decentralized projects on the Algorand blockchain. Capital venture firm Borderless Capital has launched a fund worth $500 million to support projects building on the Algorand blockchain. According to a Nov. 30 announcement from the Miami-based company , the Borderless ALGO Fund II will aim to back digital assets powering the “next generation” of decentralized applications (DApps) on Algorand. We are excited to announce the launch of our $500M Borderless ALGO Fund II! https://t.co/EP0U6Ib8HV pic.twitter.com/okXf6GBFo8 — Borderless Capital (@borderless_cap) November 30, 2021 The firm highlighted nonfungible token (NFT) and decentralized finance (DeFi) projects in particular, noting that it is looking at opportunities to “disrupt the creators economy” with NFTs while accelerating the growth of funding into Algorand’s DeFi ecosystem . The move from Borderless comes in th...

Market analysts are nonplussed by HOOD stock price as long as it continues to ramp up its presence in the cryptocurrency trading space. As Robinhood struggles with its declining share price, could ramping up its cryptocurrency offerings help boost the company’s outlook? Robinhood is a financial services company that also acts as a retail trading platform for ordinary users. It's known for meme stocks and currently offers seven cryptocurrencies for trading. Since Aug. 4, Robinhood (HOOD) has fallen nearly 70% from its ATH of $70.39 to $25.94, and it’s been below the $38 IPO price for weeks. Several factors are contributing to the fall, such as a drop in crypto and meme stocks day trading as the pandemic era comes to an end and people return to their offices to work. Robinhood enjoyed big gains in Q2 2021 when Dogecoin ( DOGE ) trading accounted for 41% of Robinhood’s total revenue, and 62% of the $233 million generated by cryptocurrency trading. However, cryptocurrency tradi...

Bitcoin has fallen just 17% from ATH which makes this correction the shallowest of the year so far. In previous bull market cycles, there has been a measurable correction before a rally at the end of the year — and if history rhymes it could be on the cards again. We’ve certainly experienced the correction: Bitcoin hit an all-time high of around $69K on Nov. 10 and has retreated around 17% to current levels. Some mainstream media outlets such as Forbes have taken the view the current pullback has plunged markets back into bearish territory with the rather salacious headline: “Did Bitcoin Enter A Bear Market After Falling 20% From Its ATH?” on a Nov. 30 article. But November's dip was actually the weakest correction of 2021, overshadowed by Bitcoin’s whopping 53.4% correction over three months between April and July. The most recent correction in September was the second deepest, reaching 37% from April's ATH. In its Nov. 29 “Week Onchain” report , analytics provider Glass...

Welcome to the statistically dubious world of cryptocurrency surveys. Here, we'll find out how many Aussies really own crypto, and why there are so many different claims. When Tony Richards, the Head of Payments Policy at the Reserve Bank of Australia (RBA), read the recent survey results from Finder’s Crypto Report saying that almost one in five Australians owned crypto, he didn't believe it for a second. However, the results had already been widely published around the country, gracing headlines for weeks. They even made their way into the recent Senate Committee on Australia as a Technology and Financial Center’s final report in October. Welcome to the statistically dubious world of cryptocurrency surveys — an easy way for companies to get publicity by hawking survey results, but not necessarily a great way to stay informed. The Finder survey from August claimed that 17% of Australians own at least one cryptocurrency — 9% own Bitcoin, 8% own Ether and 5% own Dogecoin....

As the transition to Eth2 edges closer, Ethereum developers have launched a program for the non-technical users and technical users alike to help test the upcoming Beacon Chain merge. Ethereum (ETH) developers have put out a call to the community to help test the long awaited Merge between the Ethereum Mainnet and the proof-of-stake (PoS) based Beacon Chain. The Merge is a major milestone towards the transition to E th2 as it will see the Ethereum network become a PoS blockchain, decreasing its energy consumption by 99%. On Nov. 29 Ethereum developer Marius van der Wijden announced a new program to get the community involved in Merge testing that caters to three tiers: non-technical users, developers with limited experience in blockchain and highly technical and experienced blockchain developers. Testing is the best way to contribute to #Ethereum . We are starting a new program to get the community involved in testing the merge. If you want to do your part in getting Ethereum ...

“CBDC would be part of an effort to address the use of crypto in financial transactions,” Bank of Indonesia’s assistant governor Juda Agung said. Central bank digital currencies (CBDC), digital versions of national currencies introduced in response to growing cryptocurrency adoption, would be an essential tool for combating crypto, according to the Bank of Indonesia. The central bank of Indonesia is considering launching a digital rupiah to “fight” against cryptocurrencies like Bitcoin ( BTC ), Bank of Indonesia’s assistant governor Juda Agung said at a recent parliamentary meeting. “A CBDC would be one of the tools to fight crypto. We assume that people would find CBDC more credible than crypto. CBDC would be part of an effort to address the use of crypto in financial transactions,” Agung stated , according to a Nov. 30 Bloomberg report. The official noted that cryptocurrencies like Bitcoin are currently traded alongside commodity futures and regulated by the trade ministry despi...

The number of users plays a critical role for a token to get listed on Binance, Changpeng Zhao said in an interview. The CEO of Binance, the world’s largest cryptocurrency exchange by volume, has disclosed some information on how to get listed on the trading platform. The most important criteria for listing a cryptocurrency on Binance is the number of users, CEO Changpeng Zhao said in a Forbes interview on Nov. 29. CZ went on to say that there are many other factors like the number of active addresses on blockchain, social media audience and code commits. However, the number of users is “the key metric,” he said: “If a coin has a large number of users, then we will list it. That’s the overwhelming significant attribute. Consider for example meme tokens, even though I personally don't get it, if it's used by a large number of users we list it. We go by the community, my opinion doesn’t matter.” According to Binance’s listing tips from its CEO, the number of users is jus...

India's former finance minister Subhash Garg clarified that "it is misleading to say that private cryptocurrencies will be banned." The creator of India’s crypto bill, former Finance Minister Subhash Garg, dismissed the notion of banning “private cryptocurrencies” as a misinterpretation while highlighting the enormous potential of cryptocurrencies and blockchain technology. The Parliamentary discussions around a controversial crypto bill sparked fears around the ban on cryptocurrencies, with no clear indication about the ban's scope. As Cointelegraph reported,  an episode of panic selling among Indian investors  followed the announcement. In an interview with local news channel News 18, Garg clarified: “[The description of the crypto bill] was perhaps a mistake. It is misleading to say that private cryptocurrencies will be banned and to intimate the government about the same.” He believes that the Indian government should formulate a bill after discussing it wit...

A "bullish engulfing" enters on multi-day charts as BTC price action manages to preserve some of Monday's gains. Bitcoin ( BTC ) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI sees "bullish engulfing" Data from Cointelegraph Markets Pro and TradingView  showed BTC/USD reversing to local lows of $55,920 on Bitstamp overnight. The pair then recovered to circle $56,500 at the time of writing, with analysts keeping the faith on higher timeframe strength. Popular Twitter personality TechDev noted that Bitcoin's stochastic relative strength index (Stoch RSI) had "reset" to levels that echo BTC/USD at $44,000 — just before the run, which culminated in all-time highs. "Bullish engulfing printed on stoch RSI cross with RSI reset to 44K levels," he summarized alongside the 3-day chart.  Bitcoin's late strength Mond...

The move comes in contrast to other digital asset exchanges like Robinhood, which have avoided listing altcoins such as SHIB over regulatory concerns. United States-based digital asset exchange Kraken has announced it will begin supporting the viral meme coin Shiba Inu (SHIB) as of Nov. 30. There will be a minimum deposit of 373,000 SHIB ($16 USD), and the minimum trading volume is 50,000 SHIB ($2 USD). SHIB will initially be tradeable against the USD and Euro pairs, however, Kraken Futures and Margin Trading for SHIB won’t be available at launch. New Listing on Kraken: @Shibtoken $SHIB deposits begin NOW! Trading is live November 30. ➡️ Learn more: https://t.co/yUUKaBXKBq pic.twitter.com/L2IUHugyG0 — Kraken Exchange (@krakenfx) November 29, 2021 Australian managing director at Kraken Jonathon Miller told Cointelegraph that the crypto marketplace supports projects with a clear demand for trading, including SHIB. At the time of publishing, SHIB is the 12th-largest crypto...

Once fully deployed, users will be able to make private transactions through the popular Tornado Cash mixer on the Arbitrum layer two network. Tornado Cash is about to get a scaling boost as the privacy protocol prepares for deployment on the Ethereum layer two network Arbitrum.  Tornado Cash’s smart contracts are ready to roll on thArbitrum Layer 2 scaling network following contributions from the community to ensure the stability of the protocol. The Nov. 29 announcement explained that deploying on Arbitrum will “allow users to take advantage of all the benefits a Layer 2 can offer, with cheaper transactions being the biggest comparative advantage.” Tornado Cash is a fully decentralized Ethereum ( ETH ) mixer protocol. Tornado Cash masks the path that tokens such as ETH take from sender to receiver, providing completely private transactions without the need to use privacy-focused coins. Layer two networks on Ethereum boast faster transactions and cheaper fees while still b...

Snoop’s first NFT collaboration “Decentralized Dogg” with digital multimedia artist Coldie was minted today on SuperRare. Hip-hop legend Snoop Dogg has debuted his first nonfungible token ( NFT ) collaboration with artist Ryan Colditz (Coldie) in the final release of the Decentral Eyes Portrait Series. The “Decentralized Dogg” NFT was minted on SuperRare on Nov 29 at 7:15 PM UTC and will be on auction until Dec 3. SuperRare is a digital NFT marketplace that caters to buyers willing to pay up for more exclusive pieces . The NFT is a stereoscopic 3D collage of 10 different portraits of Snoop Dogg from various stages throughout his life, underscored by an original NFT-inspired soundtrack by Snoop. At the time of writing, the highest bid was 169 Ether or about $760,000 at current prices. NEW ARTWORK RELEASE Coldie x @SnoopDogg Decentral Eyes Dogg 1/1 on @SuperRare Auction ends Dec 3 5p PT/8p ET Art by Coldie Exclusive audio by @SnoopDogg Coming together to keep it fun &...

Bancor 3 will feature instant impermanent loss (IL) protection, an unlimited deposit staking pool, and an Omnipool offering a share of fees generated from the entire platform. Decentralized automated market maker (AMM) Bancor is set to launch new staking pools and an upgrade to its impermanent loss protection mechanism as part of its long-awaited Bancor 3 update. Bancor was founded in 2017 and was the first DeFi protocol to introduce AMMs to the blockchain . The Ethereum-based exchange and lending platform also allows users to earn staking rewards via various liquidity pools. In a Nov. 30 blog post introducing the upcoming Bancor 3 update, the platform announced several new features and upgrades including the Omnipool, Infinity pools, and “Instant Impermanent Loss Protection.” Introducing Bancor 3 pic.twitter.com/TuIyUnN13U — Bancor (@Bancor) November 29, 2021 Impermanent loss (IL) occurs on AMMs like Bancor or Uniswap when the prices of two assets in a liquidity pool diverge...

Bitcoin’s settlement efficiency has been improving which means more value can be sent for lower transaction fees. The Bitcoin network’s value settlement efficiency has been improving steadily recently, with more being settled for lower fees. Over the past week, the Bitcoin network has transferred or settled an average of $95,142 of value for every $1 worth of fees. The on-chain settlement efficiency has been gradually increasing since May as more has been moved around the network during the bull cycle. On-chain analyst Dylan LeClair made the observation using data from analytics provider Glassnode. The value is derived by dividing the mean transaction volume by the fees. Over the last seven days the #Bitcoin Network transferred an average $95,142 of value for every $1 worth of fees. The median transaction saw $751 of value transferred for every $1 worth of fees. #Bitcoin is the most efficient monetary settlement network the world has ever seen. pic.twitter.com/DzSwxCDKkd — ...

A new proof-of-concept will be tested to send fiat-backed stablecoins between banks to reduce fees and transaction times on international payments. South Korea’s Shinhan Bank and Hedera Hashgraph (HBAR) have completed a proof of concept that is designed to conduct international remittances using stablecoins on the Hedera Network. The new proof of concept by South Korea's Shinhan Bank for remittances can send money internationally within seconds for a fraction of a cent on the Hedera Network. Hedera claims that the average fee per transaction on its network is $0.0001, and the average transaction time is 3-5 seconds, both vast improvements from what is currently available from traditional remittances. In a Nov. 29 announcement , Hedera stated that it aims to determine whether it is possible to issue and distribute stablecoins for financial use cases with lower fees and shorter completion times than existing systems, while also making transactions traceable. Hedera Hashgraph i...

Following Kelly Strategic Management’s filing for an Ether futures ETF, analysts questioned whether SEC chairman Gary Gensler is “mentally ready” to approve anything other than a BTC futures product. Denver-based investment firm Kelly Strategic Management has filed for an exchange-traded fund (ETF) offering exposure to Ethereum ( ETH ) futures contracts. The move comes just three months after VanEck and ProShares suddenly withdrew their ETH futures ETF applications on the same day in August. According to a Nov. 29 filing with the U.S. Securities and Exchange Commission (SEC), the Kelly Ethereum Ether Strategy ETF will invest in cash-settled Ether futures contracts traded on the Chicago Mercantile Exchange (CME). Bloomberg’s Senior ETF analyst Eric Balchunas noted on Twitter today that Kelly’s Ether ETF may have a slim 20% chance of getting approval, as he questioned whether the “SEC is ready for this new step.” In Balchunas’ view, he thinks that SEC chairman Gary Gensler is “n...

The long debate in the country’s legislature could soon be over meaning cryptocurrency gains made in South Korea may not be considered taxable events until 2023 at the earliest. In what could be a big win for the local crypto industry, South Korean lawmakers are close to delaying taxation on digital assets for another year.   Representatives from the Tax Subcommittee in the National Assembly, South Korea’s legislative body, reached a bipartisan agreement on Nov. 29 by approving an amendment that could postpone the crypto tax by one year. If the amendment passes in a parliamentary session on Dec. 2, taxation will begin on January 1, 2023, not 2022 as previously planned. Democratic Party lawmakers who have been pushing for this delay decried flaws in the information gathering procedures that would be implemented by the National Tax Service (NTS). One such procedure would be to assume a 0 KRW ($0) cost basis for crypto assets that have been dormant on private wallets where ...

The business data analytics firm has been investing in BTC since August 2020. Michael Saylor, CEO of enterprise data analytics company MicroStrategy, announced  Monday via a Twitter post and company filing that the firm purchased an additional 7,002 Bitcoin ( BTC ), worth approximately $414.4 million, at an average price of $59,187 per coin. MicroStrategy sold 571,001 shares of company stock between Oct. 1 and Nov. 29 at $732.16 apiece, raising a total of $414.4 million in cash. MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per #bitcoin . As of 11/29/21 we #hodl ~121,044 bitcoins acquired for ~$3.57 billion at an average price of ~$29,534 per bitcoin. $MSTR https://t.co/OA8VWG1bZX — Michael Saylor⚡️ (@saylor) November 29, 2021 As of Monday, the company now owns 121,044 BTC, worth up to $3.57 billion. It was acquired at an average price of $29,534 per coin and included c...