The future is Bitcoin according to South Park creators

South Park, the animated TV series that often tackles topical issues with a comedic twist, showed Bitcoin being used as a mainstream means of payment in the not too distant future. In the “Post COVID” episode of its 24th season which aired Thursday, South Park depicted one of the show’s protagonists, Stan Marsh, paying for a stay in a cheap motel using Bitcoin (BTC) roughly 40 years from now, when the pandemic is jokingly about to end for good. The fictional Super 12 Motel Plus — in a future where…

Bitcoin Thanksgiving Day Data Reveals Peak Possible Within 30 Days

Today across the United States, the masses are celebrating the annual Thanksgiving holiday tradition. In the past, the holiday has acted as a catalyst for the final phase of the Bitcoin bull run.  To celebrate the holiday and the ongoing cryptocurrency bull cycle, we are looking back at the history of Bitcoin price action over the years to try to predict what is to come next.  Please Pass The Bitcoin The tradition of Thanksgiving began in 1619, which celebrated the annual harvest ahead of colder winter months. Rather than allow…

UK Law Commission affirms English and Welsh laws apply to smart contracts

The U.K. Law Commission, tasked with monitoring the laws in the United Kingdom and recommending reforms, has said England and Wales do not need statutory law reform for smart legal contracts in the digital asset space. In a Nov. 25 announcement, the commission said smart contracts built using distributed ledger technology are permissible within England’s and Wales’ current legal framework. The Law Commission recommended only “an incremental development of the common law” as needed for existing frameworks, but also encouraged any parties to smart contracts to explain risks relating to…

Axie Infinity virtual land slot sells out for 550 ETH

In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies and complete daily quests. They are also NFTs that can be bred (minted), bought and sold freely. ✨A Genesis Land Plot just sold for 550 ETH! That’s over 2.3 M USD! Our player-owned Digital nation continues to shock the world pic.twitter.com/SVvAtFNYUF — Axie Infinity (@AxieInfinity) November 24, 2021 The game…

Has Bitcoin solidified support at $58K and what’s going on with the Metaverse boom?

Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown:  After the market news update, we have a chat with our special guest Michaël van de Poppe about Bitcoin’s dominance, its next all-time high, the factors he considers when looking at new coins and what indicators he uses to determine entry and exit points in the markets. Using insights from Cointelegraph’s Markets…

Ethereum bulls likely to profit $130 million on ETH options despite two-week slump

Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price. Despite outperforming Bitcoin (BTC) by 16% in the past month alone and the ETH/BTC pair climbing to 10-week highs, Ether seems to be struggling with its own success. Ether/USD price on Bitstamp. Source: TradingView Users continue to complain about Ethereum gas fees,…

Russians transact $5B in crypto each year, Bank of Russia says

Russian people are among the world’s most active participants of the cryptocurrency market, according to the country’s central bank. The Bank of Russia published a fresh review on financial stability on Thursday, pointing out the country’s growing role in the $2.8 trillion market. Citing estimations reported by major local banks in July 2021, the Bank of Russia suggested that the total annual volumes of crypto transactions of the Russian population amount to 350 billion rubles, or $5 billion. It is unclear whether the Bank of Russia has converted these estimations…

Bitcoin bulls risk losing $365 million upon Friday’s BTC options expiry

Bitcoin’s (BTC) price action hasn’t been bullish despite the $69,000 all-time high on Nov. 10. Some argue that that descending channel formed 40 days ago is the dominant trend, and $56,000 marks its current resistance. BTC/USD price on FTX. Source: TradingView Such bearishness follows scrutiny from United States regulators, after a Nov. 1 report from the President’s Working Group on Financial Markets suggested that stablecoin issuers in the U.S. should be subject to “appropriate federal oversight,” similar to banks and savings associations. On Nov. 12, the Bitcoin-backed exchange-traded fund (ETF)…

NFT drops and Black Friday deals go mainstream?

From the rise of the Metaverse to major brands announcing nonfungible token (NFT) drops, cryptocurrency mass adoption is well underway. Americans in particular have taken a growing interest in crypto, as recent findings from the Pew Research Center found that nearly a quarter of 10,371 adults in the United States were familiar with cryptocurrency, while only one-eighth (13%) were entirely unfamiliar with the concept. Additional research from online broker firm, BrokerChooser, discovered that the U.S. is the third most interested county in NFTs, falling behind Canada and Australia.  Given America’s…

DeFi privacy project Panther raises $22M in 1.5-hour public sale

Panther Protocol, a privacy-enhancing technology provider for the decentralized finance (DeFi) industry, has completed its public sale to continue building privacy solutions for DeFi and Web3. Panter announced to Cointelegraph on Nov. 25 that it raised $22 million in its recent public sale of ZKP tokens, bringing the total amount raised to $32 million. Starting on Nov. 23, the Panther Protocol public sale successfully closed in just under 90 minutes, the Panther project previously announced. Launched in Q3 2020, the Panther Protocol is built using zk-SNARKs, a new form of…