InCoin Eng (crypto news)

2022-01-29 13:05:10 Fidelity filed applications to launch two new crypto ETFs

Investment firm Fidelity has filed applications with the U.S. Securities and Exchange Commission to launch two more cryptocurrency ETFs. The funds will invest in cryptocurrency companies and metacities.

The Fidelity Metaverse ETF will invest in companies that are developing metacities. The index will include stocks of companies that make more than 50% of their profits from developing and promoting meta-universes, as well as creating games and devices in this field. ProShares applied to launch a similar fund at the end of December last year.

The second fund is called the Crypto Industry and Digital Payments ETF. This is a more "standard" cryptocurrency fund that will invest in companies working in the cryptocurrency industry, developing blockchain-based products and providing payments in digital currencies. The index will also include shares of mining companies. Open / Comment

2022-01-27 19:02:01 Bitcoin could "touch bottom" near $35,000

Bitcoin has been caught in a liquidity storm that has led it away from $35,000. Jurrien Timmer, director of macroeconomic research at Fidelity Investments, believes that digital gold could form a "bottom" at current levels.

He justified his point of view with the Dormancy Flow demand model and bitcoin buying indicator.

According to the former, the quotes have reached fundamentally sound values. Earlier there were situations when the price fell below the signal line. However, the further this deviation was, the stronger was the undervaluation of digital gold, the expert explained.

A similar "flip" down is now formed in the indicator Dormancy Flow. Its value has fallen into the range, which previously indicated the end of the downward trend.

The bitcoin/gold ratio has moved 1.5 standard deviations away from the trend line and has reached support. This also indicates that the first cryptocurrency is relatively oversold. Open / Comment

2022-01-27 17:09:01 Minecraft Blockverse server creators stopped communicating after selling tokens

Minecraft was planning to launch a Blockverse server where users could mine NFTs while playing and then sell them. To enter the server, players had to purchase non-exchangeable tokens from the developers, which they began selling on January 24.

All 10,000 NFTs created by Blockverse's creators sold out in eight minutes. The developers received about $1.2 million, after which they stopped communicating. Blockverse website and Discord server were shut down, the last post on Twitter was published on January 24.

Blockverse victims set up a server in Discord. They were contacted by user Kashx, who is believed to be part of the development team. He stated that the creators of Blockverse didn't intend to cheat the players, but due to the problematic server launch they panicked - players were sending them too many negative messages and threatening to kill them. Open / Comment

2022-01-27 15:24:01 MoonPay launched a service for buying NFT with payment cards

Crypto-pay infrastructure provider MoonPay announced the launch of a service for buying NFT through payment cards without using cryptocurrencies. The Block writes about it.

The NFT Checkout feature supports Visa, Mastercard, Apple Pay, Google Pay, Samsung Pay, SEPA, Faster Payments and bank transfers.

"Currently, the non-mutual token space is limited to digital asset owners. NFT Checkout will expand the market to billions of people by making it easier to access," said MoonPay CEO Ivan Soto-Wright.

Customers will be able to purchase NFTs issued on Ethereum, Flow, Solana and Polygon. The option applies to both primary and secondary sales. After purchase, the service will send tokens to the customer's wallet.

The fee for the service will be 3.5% or $3.99 (depending on the value of the token). Open / Comment

2022-01-27 13:42:01 Cryptsy founder Paul Vernon indicted

A federal court in Miami has indicted the founder and CEO of the now-defunct Cryptsy cryptocurrency exchange, Paul Vernon, on 17 counts.

In late July 2014, Vernon told Cryptsy employees that the trading platform had been hacked and hackers had managed to embezzle more than $5 million in cryptocurrencies. For six months after disclosing this information to his employees, Vernon continued to operate Cryptsy and bring in new customers without letting them know that the site's security was compromised. In November 2015, he suddenly moved to China, after which he publicly reported the 2014 hacking of Cryptsy wallets and the loss of crypto-assets. In April 2016, after receiving notice of Cryptsy's liquidation, Vernon hacked into the exchange's servers and destroyed the customer database to cover up his illegal actions. Open / Comment

2022-01-25 19:09:01 Bithumb will ban withdrawals to unauthorized wallets

South Korean cryptocurrency exchange Bithumb will ban the withdrawal of cryptocurrency to unauthorized wallets. The trading platform announced this on its official website. The regulatory changes will take effect on January 27. Users will have to undergo additional verification to withdraw cryptocurrency to external wallets.

To withdraw to third-party exchanges, users will need to take a picture of the addressable trading platform's screen with the details for the transfer. Users must verify private wallets by January 27. After the deadline they will not be able to do so. They will also have to go through verification again.

What exactly caused the policy change remains officially unknown. Local publication Money Today reports that bank NongHyup Financial has banned the exchange from verifying private wallets until it approves its international transfer-tracking policy, which is scheduled for March of this year. Open / Comment

2022-01-25 17:26:01 U.S. stock market recovery led to bitcoin rebound

The trading session in the U.S. the day before ended with a partial return of capital to risky assets.

Nasdaq and S&P 500 business activity indicators closed on the plus side. The situation in the cryptosphere also improved on the background of the inflow of capital to the shares of technology companies.

Analyst Will Clemente pointed to a sharp increase in the correlation between the Nasdaq index and bitcoin. According to his estimates, this trend reflects positively on the status of the cryptocurrency, which represents the IT sector, characterized by investors as a risky direction for capital investments.

Today, BTC rose in value to $36,228. Its capitalization is close to $700 billion.

Altcoins on January 25, traded multidirectionally, indicating uncertainty among traders. ETH and ADA fell to $2391 and $1.23, while Solana (SOL) and Binance Coin (BNB), on the other hand, rebounded to $366 and $92.7. Open / Comment

2022-01-25 15:41:01 The Beatles and John Lennon memorabilia will be sold as NFT

John Lennon's eldest son Julian is selling several pieces of music from his personal collection that tell the story of The Beatles.

However, he will keep the physical items as each piece of memorabilia will be sold as NFT.

Among the items up for auction are a black cape worn by his father in "Help!" and handwritten notes for The Beatles' song Hey Jude. The auction will also include the coat John Lennon wore in the television movie Magical Mystery Tour and three Gibson guitars given to Julian Lennon by his father.

Each NFT will be offered as an audiovisual collector's item with a Julian Lennon note and images of the item.

NFT notes handwritten by Paul McCartney for Hey Jude are expected to sell the most at auction. The starting price per leaf is $30,000. Open / Comment

2022-01-25 13:19:01 Meta unveiled its Research SuperCluster supercomputer for AI development

Technology company Meta has unveiled its own Research SuperCluster (RSC) supercomputer to help develop "advanced" artificial intelligence. The computer is already in operation and, as the company claims, it will be the fastest computer in the world.

The RSC is scheduled to be operational by mid-2022. According to Meta, developing the next generation of AI will require enormous power and computers capable of performing quintillions of operations per second. The company notes:

"In the long term, RSC will set the stage for the next round of computing - the meta-universe - where AI-driven applications and products will play an important role."

Meta CEO Mark Zuckerberg hopes that RSC will help the company create new AI systems that will become an integral part of everyday life. Open / Comment

2022-01-23 17:18:01 Instagram plans to add an NFT display feature

According to the Financial Times, Meta (formerly Facebook) is working on a new feature that will allow users to display their s/.

Presumably, this feature will give Meta and Instagram users the ability to create and sell NFTs and use them as their profile images.

Meta may have to compete with other cryptocurrency companies such as OpenSea and Coinbase, given its intention to launch an NFT trading platform. Insiders have confirmed that an NFT marketplace similar to OpenSea is already in development.

Meta's entry into the NFT space is, in fact, expected, as it's hard to ignore the rapidly evolving market for digital collectibles. Open / Comment