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The Weeknd to drop NFTs on the weekend, a tennis player sold space on her arm as an NFT, Takashi Murakami has released 108 NFT flowers. Musician Adel Tesfaye, better known as The Weeknd, is set to release his first NFT via Nifty Gateway on Saturday. He follows in the footsteps of other musicians such as Kings of Leon , Grimes, Rico Nasty, and Ja Rule who recognize the ability of NFTs to put the power (and the dollars) back in the hands of artists. Excited to announce that my first NFT drop is taking place on Saturday at 2:00 pm EST on @niftygateway . The collection will feature new music and limited edition art. I developed the artwork with Strange Loop Studios pic.twitter.com/627BO4JekK — The Weeknd (@theweeknd) March 31, 2021 The drop will consist of a one-of-a-kind token featuring the audio track to a song which will not be made available on any other platforms, and two limited edition artworks developed in collaboration with Strange Loop Studios. The tokenized song will be a

The Prime Minister of South Korea has announced a blockchain-based vaccine certificate will launch later this month, but the concept has proven controversial across the world. South Korea will introduce blockchain-powered vaccine passports via a smartphone app later this month, the country's prime minister said Thursday. South Korea is joining a number of other nations in introducing vaccine certificates that enable cross-border travel while mitigating the risk of infections. Prime Minister Chung Sye-kyun suggested there could be substantial benefits for citizens at home too: “The introduction of a vaccine passport or ‘Green Pass’ will only allow those who have been vaccinated to experience the recovery to their daily lives,” he said during a daily inter-agency pandemic response meeting. The government developed the app using blockchain technology as a way to provide security against the possibility of identity theft. "[Systems] in other countries also do not store per

R/Dogecoin was the third-most active crypto group on Reddit behind r/CryptoCurrency and r/Bitcoin this week. Despite Dogecoin under-performing this past week when compared to other leading crypto assets, DOGE’s community has been among the most active on Reddit. According to data compiled by Skew and tweeted by Messari researcher Mira Christanto, r/dogecoin has been the third-most active crypto group on Reddit this week, with 33,822 new comments posted in seven days. Friendly reminder for Redditers: r/Bitcoin is $BTC while r/btc is $BCH pic.twitter.com/skFwhFM2y0 — Mira Christanto (@asiahodl) March 31, 2021 Dogecoin is the second-most active group coalescing around a single crypto asset, ranking behind r/Bitcoin’s 48,757 comments last week. Unsurprisingly, the wide-ranging r/CryptoCurrency attracted the most engagement of any crypto group on Reddit, with nearly 219,000 comments posted this past week. After DOGE, Cardano was the next-most active with 15,735 comments, followe

Ethereum gained bullish momentum above the $1,850 resistance against the US Dollar. ETH price is currently correcting lower from $1,945, but it might find bids near $1,850. Ethereum is in a positive zone and it recently climbed above the $1,900 resistance. The price is now well above the $1,850 support and the 100 hourly simple moving average. There is a short-term contracting triangle forming with support near $1,915 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but the bulls are likely to remain active above $1,850. Ethereum Price Extends Gains Ethereum started a fresh increase after it broke the $1,850 resistance, similar to bitcoin . ETH even surpassed the $1,920 resistance and settled nicely above the 100 hourly simple moving average. However, the price struggled to continue higher above $1,945 and $1,950. There were two attempts to clear $1,945, but the bulls failed. A high is formed near $1,946 and the price is currently correcting

The A’s become the first team in Major League Baseball to sell tickets for cryptocurrency. Major League Baseball team Oakland Athletics has sold their first crypto-purchased season ticket less than three weeks after first offering them. The Oakland A’s, as they’re colloquially called, introduced an offer on March 15 enabling fans to purchase suite tickets with Bitcoin. On Wednesday, March 31, the San Francisco East Bay ballclub announced that the buyer was New York-based publicly traded crypto asset platform Voyager Digital Ltd. The fintech firm purchased a six-person suite for all of the team’s 2021 home games for the price of one Bitcoin, or approximately $58,500 on the day. It’s happening: #Bitcoin in baseball. @investvoyager (publicly-traded, licensed crypto-asset platform) has purchased full season suite at #Oakland Coliseum. 1st ticket deal in cryptocurrency in #MLB . @Athletics @Ehrls15 — Raj Mathai (@rajmathai) March 31, 2021 Six-person private suites for individu

Riot Blockchain has published its 2020 financials and revealed it has increased its hashrate by 460%. According to its latest annual financial report, leading U.S.-based mining firm Riot Blockchain increased its hashing capacity by 460% and more than doubled the amount of Bitcoin held on its balance sheet in 2020. Riot saw a 78% growth in total mining revenues from $6.7 million to $12 million, owing to the increase in operational hash rate from 101 pentahashes per second, or PH/s, as of December 2019 to 566 PH/s as of December 31. While the company said it achieved profitability in the fourth quarter with $3.9 million in net income on a GAAP basis, Riot posted an overall net loss of $12.7 million for 2020. However, this was an improvement over its 2019 performance, when it posted a net loss of roughly $20 million. The company increased its cash and cryptocurrency holdings from $11.3 million in 2019 to $235 million last year, and doubled its Bitcoin holdings from 514 BTC to 1078

Bitcoin's last six monthly candles have closed green, tying its previous record streak for bullish monthly candles. Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year. In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles. While the markets would retrace to less than $100 over the next two months, Bitcoin would then surge 700% over the following six months and tag prices above $1,000 for the first time. BTC/USD since 2012, 1m candles: Trading View Bitcoin posted a similar pattern in the lead up to its parabolic bull run in 2017, with the markets posting five consecutive green monthly candles heading into September. While September saw BTC post range-bound consolidation, Bitcoin surged into new all-time highs in October to rallied from $5,000 to almost $20,000 by the end of the year. According to Bloomberg strategist, Mike

Bitcoin price is trading in a bullish zone above $57,600 against the US Dollar. BTC is likely to accelerate higher once it clears the $59,800 and $60,000 resistance levels. Bitcoin is trading in a positive zone, but it is facing hurdles near $60,000. The price is now well above the $58,000 support and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $57,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a sharp rally if it clears the $59,800 and $60,000 resistance levels. Bitcoin Price is Showing Positive Signs Bitcoin mostly traded in a positive zone above the $57,000 pivot level. BTC extended its upward move above the $59,500 resistance level and it settled nicely above the 100 hourly simple moving average. However, the bulls faced a strong resistance near the $59,800 and $60,000 resistance levels . A high was formed near $59,829 before there was a downside correction. The price declin

Bakkt believes its new crypto payments app will unlock more than $1 trillion worth of digital assets for commerce. Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public. Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is the firm’s first retail-facing crypto initiative. Bakkt’s app was trialed by 500,000 users invited to participate in its Early Access Program in late 2020. The firm is also conducting a $1 million giveaway to encourage people to download the platform. Launched on March 30, the payments app allows users to manage Bitcoin and other digital assets, including loyalty points and vouchers, to make purchases. More than 75 major brands are offering discounted gift cards to purchasers who use the Bakkt app, including Choice Hotels, GolfNow, and Best Buy. Users ca

Bitcoin is once again making headlines everywhere , mostly for all the right reasons this time around. However, where there’s money to be made, there’s also scammers waiting in the shadows to steal funds whenever they can. The latest situation involves a highly sophisticated replica of a popular Apple iPhone app, a malicious application from Apple’s App Store, and a now stolen 17 BTC. Bitcoin Investor Has Half A Million Dollars Worth Of BTC Stolen During the height of the 2017 bull market, one of the symbols that cryptocurrencies had “made it” was when Coinbase had been topping the Apple App Store for iOS devices for days on end. Investors were flocking to the platform in droves as Bitcoin FOMO took over. These days, there’s much more variety out there, including more ways to buy or store cryptocurrencies beyond just Coinbase alone. The platform remains the most popular out there, set to go public within the next year or so. Related Reading | Bitcoin Searches Spike On Google Afte

A new system that functions primarily at the social layer will soon be managing Yearn's grant program Yield vault protocol Yearn Finance has revealed today the details of “Coordinape,” a new platform for distributing the $40,000-per-month Yearn DAO community grants budget — just one initiative in a wider effort to further decentralize Yearn’s governance.  Yearn founder Andre Cronje — who said in an interview with Cointelegraph that he no longer takes part in Yearn’s “day to day” development — revealed the program in a blog post this morning. Each Coordinape member will have a set quantity of “allocation points” which they can distribute to other members who they worked with during a given month. Members with the most interactions and allocations will receive weighted portions of the grants budget. While there are other tools for programmatically distributing rewards, such as Colony, a recently re-released DAO platform, core Yearn operations member Tracheopteryx said that a i

Cryptoassets will be available to Goldman investors at some point in Q2, comments from an incoming senior executive quoted by CNBC suggest. Bitcoin ( BTC ) and some altcoins will soon be available to Goldman Sachs clients, according to a new  mainstream media report. Released by CNBC on March 31, comments from an interview with Mary Rich, global head of digital assets for the bank's private wealth management division, confirm plans to offer cryptoassets to investors. Goldman exec: Crypto access coming in "near term" The move will make Goldman the second major lender to open up the world of cryptocurrency to its clients, and comes weeks after a pioneering move by Morgan Stanley. ″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near-term,” CNBC quoted Rich as saying. Morgan Stanley's rollout is due to launch i

Best known for playing Captain James T. Kirk in the iconic Star Trek franchise, William Shatner is selling signed and authenticated NFTs . In conjunction with Mattereum , Shatner is auctioning real-world asset non-fungible tokens (rwaNFTs) via the OpenSea marketplace . Who wants the first real world cigar on the blockchain? Or Denny Crane prop Business card? @justinsuntron ? @VitalikButerin ? @cameron ? 🤷🏼‍♂️ There’s @StarTrek props & @MegoCorp signed Captain Kirk action figures all 1sts & guaranteed via authentication to be genuine for eternity!👇🏻🙌🏻 https://t.co/YbJn5CZtdO — William Shatner (@WilliamShatner) March 30, 2021 Real World NFTs From Star Trek and Boston Legal up For Grabs The word NFTs conjures up thoughts of digital artwork for most people. But, NFTs can encompass a variety of other use cases, including event tickets, identity documentation, and gaming items. Off the back of several high-profile sales, most notably Beeple’s First 5000 Days , it’s

What the planned EIP-1559 could mean for Ethereum, DeFi and miners. The Ethereum Improvement Proposal 1559, set to be bundled together with the “London” upgrade in July, has caused as much excitement as fear and panic . On the surface, EIP-1559 is nothing more than a change in Ethereum’s gas fee structure. And to spice it up, it has also been labeled as Ethereum’s scarcity engine, or burn mechanism, as it will destroy Ether ( ETH ) used in transaction fees, making the cryptocurrency deflationary, and perhaps more valuable down the line.  Related: Ethereum at a crossroads: Ether community turmoil over miner reward fees Curbing Ether’s inflation will make the digital asset as deflationary as Bitcoin ( BTC ), meaning that its buying power will only increase over time. However, the relevance of the EIP-1559 proposal is based on fixing the runaway gas fees. The upgrade has been in the works for some time, but its timing couldn’t have come at a better time. Ethereum’s sky-high transact

Financial crimes reporting obligations are irrespective of a crypto firm’s total annual revenue. The United Kingdom's Financial Conduct Authority has included cryptoasset businesses under the financial crimes reporting umbrella eight months after initially announcing plans to do so. The FCA made this known via a policy statement issued on its website on Wednesday. This move comes as the country’s financial regulator has increased the number of firms required to submit annual financial crime report known as “REP-CRIM” from 2,500 to about 7,000. According to the policy statement, the FCA declared that compliance with REP-CRIM reporting was a necessary tool to enable regulators to combat money laundering activities. In its 2020/2021 business plan, the FCA stated : “We will strengthen our rules to prevent money laundering, as well as working with domestic and international stakeholders to support a joined-up approach to cryptoassets.” During the initial announcement of the plan

Ethereum prices dropped on Wednesday as traders decided to secure their short-term profits at the cryptocurrency’s sessional high. The second-largest blockchain asset plunged by up to 4.92 percent to its mid-March support level of $1,771. Its move downhill appeared mostly due to its strong positive correlation with Bitcoin, the world’s leading cryptocurrency by market cap. Bitcoin corrected by 4.89 percent from an intraday high just shy of $60,000. The corrections appeared alongside a sharp uptick in the US dollar index. The index, which measures the greenback’s performance against a basket of top foreign currencies, rose to close March about 3 percent higher — its largest monthly gain since November 2016. A stronger US dollar tends to reduce investors’ appetite for both riskier and risk-off assets. Bitcoin and Ethereum both surged by thousands of percent of percentage points in the previous 12 months as the dollar plunged. “The passing of the $1.9trn package earlier this month

The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said. It could be a while before European Union gets a central bank digital currency, if it gets one at all. In a Wednesday interview with Bloomberg Television, European Central Bank President Christine Lagarde laid out the complex decision-making process with which the bank will determine the future of a digital euro. The ECB will soon release its analysis of eight thousand responses received from its digital euro consultation process. “That will be communicated to the European Parliament which is one of the key players as well as the Commission and the Council with which we operate,” she stated. Based on that consultation, alongside the parliamentary work, the ECB’s Governing Council will decide whether the institution will begin experimenting with a CBDC by mid-2021. Following an initial experimentation phase, the council would then hold a six-month or a one-year assessment on whether to roll

Blockchain and DeFi protocols are only as strong as their weakest link With today’s ever-growing blockchain landscape, token economies are bigger and more active than ever. When it comes to DeFi (decentralized finance) in particular, there is nearly $44 billion locked in decentralized finance protocols, with users around the globe forming part of various innovative decentralized economies that are disrupting traditional finance. The countless thousands of ecosystem participants that support these protocols and platforms, although kept safe by blockchain’s inherently secure infrastructure, also rely on what are mostly very capable project teams and treasury managers to efficiently manage token unlocks and distributions that take place after token sales, airdrops and other events. But this highlights an important issue, one that is often not spoken about alongside blockchain’s otherwise decentralized mechanics: human reliance within token economies is often a bomb waiting to go off and

Chinese banks will soon have access to a permissioned version of the Corda Enterprise infrastructure via the country's Blockchain Service Network. Red Date Technology, one of the builders of China’s Blockchain-based Service Network, has obtained licensing rights from R3 to resell both the free and enterprise Corda implementations in China. According to a press release by R3, the news marks the first occasion of the BSN developer being able to resell enterprise blockchain technology from an overseas company. Since the R3 deal is with BSN China, developers will create a permissioned version of Corda to comply with Chinese blockchain regulations. Also, with banks reportedly being one of the likely users of the network, the country’s UnionPay cloud infrastructure will play host to BSN Corda notaries. The partnership also offers an entry point for R3 into the Chinese market following the company’s significant expansion across Asia. Commenting on the importance of integrating an e

Apple removed the fake Trezor app several times, but it kept appearing on the App Store days later. A scam cryptocurrency app on Apple’s app distribution service App Store has reportedly stolen $600,000 Bitcoin ( BTC ) from one iOS user. Cryptocurrency holder Phillipe Christodoulou fell victim to a scam app on the App Store, losing nearly all his life savings to a fake crypto wallet application, The Washington Post reports Tuesday. Christodoulou went on the App Store last month to search for a mobile Trezor app to check his Bitcoin balance via phone. Unaware that Trezor does not currently provide  an iOS app, Christodoulou downloaded a doppelgänger Trezor application that boasted close to five stars, giving the impression that it was indeed an official app. After entering his seed phrase, Christodoulou said that his savings of 17.1 BTC were stolen. Christodoulou said that Apple, which collects 15% to 30% commissions on sales, should be held responsible for this situation. “They b

Tokenization of real-world commodities could drastically reduce trading costs, says one Swiss startup as it pilots a new non-fungible token system. A Swiss agricultural startup has piloted the use of a non-fungible token for cutting down the costs of trading grain. The system implemented by Swiss firm Cerealia SA sees the tokens reportedly backed by 30,000 metric tons of Mexican white corn. Although the Cerealia platform only facilitates two-way deals at the time being, an upcoming addition will allow for third-parties to trade and speculate on grain deals using the token. A digital system naturally reduces the costs incurred by grain traders in executing deals, such as storage fees, while reducing the onus on paperwork. The tokens were reportedly used by Mexican firm Mercanta, representing grain it had stored at a local warehouse. Other grain holders and trade houses can issue their own version of the token, which can then trade on Cerealia’s platform while acting as a marker for

A flash crash on short timeframes for BTC/USD induces panic among long traders, but for analysts, it's business as usual. Bitcoin ( BTC ) fell over $2,000 in five minutes on March 31 as a wave of volatility disrupted an otherwise calm market. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview BTC sees sudden volatility Cointelegraph Markets Pro and Tradingview  showed a nightmare for long traders unfold on Wednesday, with BTC/USD suddenly dropping from $59,350 to $57,000. At the time of writing, the losses were still mounting after the pair hit lows of $56,713 on Bitstamp.  "Exactly Bitcoin," trader Michaël van de Poppe reacted to what has become a familiar event on short timeframes for Bitcoin. Previously, upside had been the focus for day traders as news from PayPal spawned a run-up to just below $60,000. Those betting on a continuation of the bull run lost big on Wednesday, however, as the downturn liquidated long positions worth $600 million a

HARD Protocol Version 2 introduces significant changes and enhancements to the HARD cross-chain money market. Catering to the needs of institutional players will take DeFi to the next level of mainstream adoption. HARD Protocol is a decentralized money market built on the Kava platform and enables lending and borrowing of cross-chain assets. In the Version 2 upgrade, several enhancements will become accessible to financial institutions looking to explore the decentralized finance industry. Providing an option for the companies that hold the largest currencies in the world including Bitcoin to earn +25% APY without counterparty risk is a gamechanger for decentralized finance. The Kava 5.1 public testnet launch event is taking place until March 31, 202. When the event concludes, Kava 5.1 will launch on the mainnet, as does the HARD Protocol V2 upgrade. The technology to expand Kava’s appeal and the HARD money market confirms the team’s vision to bring cross-chain DeFi solutions to a g