Despite the ongoing volatility plaguing the digital asset sector, one niche that has undoubtedly continued to flourish is the nonfungible token (NFT) market. This is made evident by the fact that a growing number of mainstream mover and shakers including the likes of Coca-Cola, Adidas, the New York Stock Exchange (NYSE) and McDonalds, among many …
Continue reading “Opensea phishing scandal reveals a security need across the NFT landscape”
The Terra blockchain’s total worth has surpassed $30 billion. LUNA prices have risen approximately 70% in the last week, due to excellent fundamentals and community enthusiasm for Terra. StakingRewards data shows that 40.5% of LUNA’s circulating supply is currently staked. This allows token holders to earn rewards for assisting in network security. The current annual …
Continue reading “Terra’s blockchain worth surpasses $30 billion as LUNA prices rise by 70%”
Following Russia’s invasion of Ukraine, cryptocurrency users have taken it upon themselves to collect funds for the besieged country. To that aim, decentralized autonomous organizations are springing up to assist people who have been harmed by the invasion. A decentralized autonomous organization UkraineDAO, Pussy Riot’s Nadya Tolokonnikova, Trippy Labs, and PleasrDAO members, raised $2,188 ETH …
Continue reading “UkraineDAO donations surpass $6M to help assist Ukrainian residents”
Russia’s economy has been tumbling under the pressure of sanctions imposed by the US and its Western allies. Various regulatory bodies have now expressed concerns that Russia could use cryptocurrencies to avoid these sanctions. The Japanese financial market regulator is now looking at how it can close any loopholes to ensure Russia feels the full …
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According to Google trends data, the hype surrounding non-fungible tokens (NFTs) and the metaverse is now dwindling. The two concepts became highly popular in 2021. NFTs saw record volumes in 2021 despite much scepticism. The metaverse mania happened towards the end of 2021 after Facebook announced it would rebrand into Meta. Other tech giants followed …
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As the weekend began, BTC gave up the double-digit gains from earlier in the week to drop below a critical psychological marker of $40k. Data from Santitment charts the contest between BTC and old as the premier store of value as the world continues to experience uncertainty. 📉 As the week comes to a close, …
Continue reading “Gold outperforms Bitcoin as a store of value as BTC drops below $40K”
Ukraine’s call on banning Russians from the crypto market was rejected by crypto exchange giants like Binance and Coinbase unless law required it. Even though there are no official decrees forcing exchange platforms to ban Russian IPs, many didn’t need one. However, following the U.S.’s official step to enhance sanctions on Russia, five local South …
Cosmos was 10% lower on Saturday, as the red wave once again submerged crypto markets. Despite this, Anchor protocol was again able to extend gains, climbing by as much as 15% in the process. Cosmos (ATOM) Cosmos (ATOM) was able to hang on to the #20 spot in the crypto top 100 on Saturday, despite …
Continue reading “Technical Analysis: Cosmos Down 10%, as ANC Extends Recent Gains”
The American fast-food restaurant chain Shake Shack is giving bitcoin rewards to customers leveraging Cash App’s debit card payment rail, Cash Card. According to Shake Shack, participants will get 15% of their purchase back in the form of bitcoin, and the crypto promotion will last until mid-March. Shake Shack Experiments With Bitcoin Trial to Lure …
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Bitcoin has fallen below $40,000 to start the weekend, as cryptocurrency markets extend recent losses. ETH was also lower on Saturday, falling to its lowest point this week in the process. Bitcoin BTC fell for its fourth consecutive session on Saturday, as the world’s largest cryptocurrency dropped below its long-term support level. The price of …
Continue reading “Bitcoin, Ethereum Technical Analysis: BTC Falls Below $40,000 to Start Weekend”
Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evade expanding financial sanctions. Expert Council Meets in Russia to Discuss Law ‘On Digital Currency’ Attempts to legalize and …
Continue reading “Russia Proceeds With Efforts to Legalize Crypto Amid Sanctions Over Ukraine”
Citadel CEO Ken Griffin, a bitcoin skeptic, admits he has not been right on his crypto call. He now says: “It’s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies.” Citadel Getting Into Crypto The CEO and founder of financial services firm Citadel, billionaire Ken …
Terra is now ranking as the second-largest blockchain network in staked value. Terra has surpassed the Ethereum 2.0 deposit contract, with more than 40% of eligible LUNA tokens being stated on the network. The growth of this metric coincides with a significant uptrend in LUNA’s value. Over the past month, LUNA’s price has gained by …
Continue reading “40% of eligible LUNA tokens now staked on Terra”
The team behind smart contract platform Cardano (ADA) is unveiling a new upgrade to their proprietary crypto wallet. According to a new video released by Input Output Hong Kong (IOHK), the Daedalus wallet will now be running on Cardano Node 133, which significantly boosts its synchronization times and memory usage. Furthermore, the update will enhance …
Continue reading “Ethereum Challenger Cardano (ADA) Unveils New Crypto Wallet Upgrade”
A top crypto analyst is warning that Cardano (ADA) and two other Ethereum (ETH) competitors are likely to continue facing heavy downside risks. Starting with smart contract platform Cardano, the pseudonymous trader known as Capo tells his 246,200 Twitter followers that the ninth-largest cryptocurrency by market cap is in a “very bearish” territory after converting …
