We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Ming Duan, the co-founder and chief operating officer of Umee, a cross-chain DeFi hub that allows decentralized interactions between …
Monthly archives: May 2022
Why Is Bitcoin So Volatile? Which Factors Determine The Volatility?
There have been numerous stories about “Bitcoin Millionaires,” people who made a fortune by investing in and hanging onto the digital money. Some investors have made a lot of money with Bitcoin, the largest digital currency globally, by market capitalization. Bitcoin’s volatility has been attributed to several factors by market observers, and this article will …
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How Can Businesses Take Advantage of Non-Fungible Tokens?
Businesses worldwide are using this new phenomenon to create new business models, save costs, and take their business to the next level. Recently, much buzz has been created by non-fungible tokens on the crypto market. What is an NFT? An NFT (non-fungible token) is a digital asset with unique properties that are not interchangeable. Blockchain …
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Chainlink’s Fair Value in May is Between $10 to $19 – LINK Analyst
Summary: Chainlink (LINK) has been hard hit by the crypto-wide market correction LINK has dropped from the top 20 digital assets on Coinmarketcap According to the team at Cane Island Alternative Advisors, Chainlink’s fair value is between $10 and $19 Chainlink is currently trading at the lower boundary of the fair value and has erased …
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Terra’s UST Depegs After a Massive $285M Dump of the Stablecoin on Curve Finance and Binance
Summary: Terra’s UST has depegged from the one dollar mark after massive selling of the stablecoin on Curve Finance and Binance The selling was to the tune of $285 million in UST and resulted in a $2.25 billion outflow of the stablecoin from the Anchor Protocol UST has since stabilized to the $0.996 price level …
2020’s Pickle Finance Hackers Launder 1,800 Ethereum Through Tornado Cash
Quick take: The 2020 hackers of Pickle Finance have laundered 1,800 Ethereum through Tornado Cash Roughly $20 million in the stablecoin of DAI was stolen from the protocol at the time of the exploit Tornado Cash continues to be the preferred mixer for these individuals and groups of hackers The perpetrators of the 2020 exploit …
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“You did it” – DOGE Co-Founder Responds As Jeff Bezos Follows Him On Twitter
Members of the Dogecoin community are in a joyous mood as World’s second richest man Jeff Bezos follows DOGE Co-founder, Billy Markus, on Twitter. Many believe that Bezos’s decision to follow Market could be the start of something unique for the meme-based token. Markus, who goes by the name Shibetoshi Nakamoto on Twitter, responded with …
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Under Armour to launch NFTs inspired by NBA superstar Stephen Curry
Under Armour Curry Brand has rolled out non-fungible tokens (NFTs) as a way of recognizing every three-point shot made by NBA player Stephen Curry in the forthcoming playoff games. Curry is known for his high-arching three-pointers. He currently plays for the Golden State Warriors. According to the note, the NFTs, which will come with a …
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Whales Are Quiety Accumulating ApeCoin, Loopring and Five Additional Ethereum-Based Altcoins, According to WhaleStats
Ethereum’s richest bagholders have been shuffling their altcoin stacks as ETH and the overall crypto markets teeter. According to data from whale-monitoring platform WhaleStats, Apecoin (APE), a token airdropped to members of the Bored Ape Yacht Club non-fungible token (NFT) community, is the most purchased altcoin among the biggest Ethereum whales at time of writing, …
Plain talk about NFTs: What they have been and what they are becoming
There’s been a tremendous amount of hype and misinformation about nonfungible tokens (NFTs) since they appeared on the scene in 2014, particularly since the total market for them passed $24 billion. You can’t open a news feed without an article about nonfungible tokens popping up. These inevitably contain the obligatory “An NFT is a” paragraph …
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Bitcoin price target now $29K, trader warns after Terra weathers $285M ‘FUD’ attack
Bitcoin (BTC) prepared for a rare bear feature to return on May 8 after an overnight sell-off took the market ever closer to January lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC circles $34,400 lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $34,200 on Bitstamp, recovering to trade around $500 higher …
The IMF Expresses Concerns As the Central African Republic Legalizes Bitcoin
The Central African Republic recently made Bitcoin its legal tender. However, the International Monetary Fund (IMF) has expressed concerns about the decision, just as it did when El Salvador made a similar stance on Bitcoin. Apart from the IMF, businesses and academics have questioned the rationale behind the decision by the Central African Government to …
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Binance Suspends Its Crypto Derivatives Business In Spain Pending Approval
Binance has suspended its crypto derivatives service in Spain as the world’s largest crypto exchange awaits full approval for such service. The firm has had several regulatory issues with different bodies, and it appears it doesn’t want to be in the bad books of Spanish regulators. Binance noted that the derivatives option service will be …
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Instagram To Soon Support NFTs on Ethereum, Polygon, Solana and Flow
Summary: Meta’s Instagram will soon support NFTs on Ethereum, Polygon, Solana, and Flow Users of Instagram will not be charged to exhibit their NFTs on the platform A pilot program for NFTs on Instagram will be launched in the United States possibly by Monday Instagram will also support popular crypto wallets such as Metamask Instagram, …
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Bitcoin Could Find a Floor at $28k – BTC Analyst
Summary: Bitcoin could find a floor at $28k based on its correlation to the S&P 500 $28k also happens to be close to Bitcoin’s current Metcalfe value of $29k Bitmex’s Arthur Hayes had previously warned of a drop to $30k by the end of June Short-term sellers have dominated Bitcoin’s decline in the last few …
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