Traders should watch to see if Ethereum (ETH) is able to cross an important level against Bitcoin (BTC) in the near future, according to crypto analyst Justin Bennett. Bennett tells his 10,200 YouTube subscribers that recent trend lines indicate Ethereum needs to get above 0.073 Bitcoin ($3,193.68) to start outpacing BTC in the next few …
Monthly archives: March 2022
The Sandbox Metaverse hits 2M users, begins K-Pop partnership
The Sandbox metaverse game owned by NFT investment giant Animoca Brands has surpassed 2 million registered users amid its play-to-earn season 2 alpha launch. The crypto game backed by NFTs and its native SAND token has been in the works for roughly four years, and the latest preview into the game comes just a couple …
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City-building startup Praxis secures $15M in Series A Funding
Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried’s Alameda Research, and Three Arrows Capital. Dryden Brown of New York University, and Charlie Callinan of Boston College, co-founded Praxis, formerly Bluebook Cities in 2019, describing their goal as: …
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LUNA flips Ethereum becoming second largest network for staked value
According to data from Staking Rewards, Terra (LUNA) has flipped Ethereum (ETH) in terms of staked value, with $29.5 billion worth of LUNA locked up compared to Ether’s $25.9 billion. The platform’s data shows that there are currently 226,325 LUNA stakers, making it the second most staked crypto asset with more than four times the …
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New York Bitcoin mining moratorium bill garners more support
A New York State proposal to suspend fossil fuel-powered proof-of-work mining for three years across the state has gained support from two more Assembly members. Members Amy Paulin and Ken Zebrowski have thrown their names in along with 43 other cosponsors for bill A7389B. In addition to the three-year suspension of mining at former fossil …
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The most popular NFT receives 3.86M searches per month
Design Bundle, which offers design resources and a marketplace to help designers create and sell their art, published a list of the most searched NFTs of late 2021. They ranked the NFTs based on the number of times they were searched on Google each month. The results ranked the top ten most researched coins as: …
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NFT buyers drop to lows last seen five months ago
It has been a few rollercoaster months for the Non-fungible sector, but it appears the hype has reduced a little. Data from CryptoSlam revealed that the number of unique NFT buyers for February was 796,009, down by 12% from its January record. This marks the first time that buyers will be below 800,000 since October …
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BitDAO allocates $633 million in funding for Innovative DAOs
BitDAO has announced that it is allocated $633 million in funding from the BitDAO treasury to projects in the blockchain ecosystem, including a focus on Gaming with support for @game7_official, ETH Scaling via @zkdao_official and education with funding for @Edu_DAO Describing themselves as the builders on Twitter BitDAO are encouraging others to join them in …
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Celestials Stellar Club Announces NFT Collection Minting Date March 14 2022
press release PRESS RELEASE. Looking for an exciting new NFT collection to be a part of? Look no further than Celestials Stellar Club. We are pleased to announce the public mint date of our first collection of 4,962 NFT exoplanets on the Ethereum blockchain will take place on March 14 2022. Celestials Stellar Club is …
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Malaysia’s Deputy Finance Minister: Crypto Not Suitable as Means of Payment or Store of Value
Malaysia’s deputy finance minister says that cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or a store of value. While digital assets are not recognized as legal tender in Malaysia, the finance ministry official said that they are an asset class that can be invested in. Deputy Finance Minister …
Billionaire Bill Miller Shares Current Crypto Outlook: ‘It’s Very Bullish for Bitcoin’
Veteran investor and fund manager Bill Miller explains why he thinks that it is currently “very bullish for bitcoin.” Miller noted that Russia has almost 50% of its reserves in currencies that are controlled by people who want to do them harm. Bill Miller’s Crypto Outlook: ‘It’s Very Bullish for Bitcoin’ Famed value investor Bill …
US Treasury Monitoring Crypto Use to Evade Sanctions, Says Treasury Secretary Yellen
U.S. Treasury Secretary Janet Yellen says the Treasury Department is monitoring Russian efforts to evade sanctions using cryptocurrency. Four U.S. senators have written to Yellen raising concerns about Russia using cryptocurrency as a channel to circumvent sanctions. Treasury Secretary Janet Yellen on Monitoring Russian Efforts to Use Cryptocurrency to Evade Sanctions U.S. Treasury Secretary Janet …
Private Key Vs Public Key – How They Work?
Private keys and public keys are among the most commonly used terms in the domain of cryptography and blockchain development. A method of facilitating communication between the sender and the receiver, cryptography involves two main mechanisms namely, encryption and decryption using a unique key. This is where the roles of private and public keys come …
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Gaming Giant Square Enix Dives Into Crypto Metaverse, Partners With Ethereum-Based Altcoin Project
Japanese role-playing game (RPG) industry giant Square Enix is teaming up with Ethereum-based metaverse altcoin The Sandbox (SAND) to revive a dormant medieval-themed RPG franchise. In a new blog post, The Sandbox says that they are partnering up with Square Enix to bring Dungeon Siege, an IP that follows a farmer and his companions on …
Russian crypto volume across major exchanges plunges by 50%
Data from blockchain-analysis firms show that Russian denominated crypto purchasing and trading on major exchanges have faltered, debunking theories that the country will pivot to digital assets to circumvent sanctions. When Bitcoin rallied over 15% last week, some industry experts attributed the surge to Russians buying cryptocurrency in the face of increasing economic sanctions. This …
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