Widely followed crypto analyst Benjamin Cowen says that a strong capitulation for Bitcoin might be needed before traders can start talking about a bullish reversal. In a new strategy session, Cowen says that previously, he called for a capitulation to fuel the next leg of the Bitcoin’s bull run but never really got what he …
Monthly archives: May 2022
Yuga Labs’ Otherdeeds NFT mint triggers backlash from community
The aftermath of the Otherdeeds nonfungible token (NFT) mint is filled with disgruntled community members voicing their complaints on Twitter over Yuga Labs’ handling of the event. The launch of Otherdeeds NFTs gained massive support from the community, selling out almost instantly after it dropped. Because of the high demand, the launch drove Ethereum gas …
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EU commissioner calls for global coordination on crypto regulation
Mairead McGuinness, the commissioner for financial services, financial stability and capital markets union at the European Commission, is calling for global regulators to work together to address potential risks in the crypto market. In a Sunday opinion piece in political media outlet The Hill, McGuinness said the European Union and the United States could help …
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Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout
Ethereum’s native token Ether (ETH) faces the possibility of a 35% price correction in Q2 as it comes closer to breaking below its “ascending triangle” pattern. ETH price breakdown ahead? Ether’s price swung between profits and losses on May 2 while trading around $2,825, showing indecisiveness among traders about their next bias. Interestingly, the Ethereum …
GameFi is showing signs of a mature landscape: Report
Blockchain games are set to overtake decentralized finance (DeFi) as the number one contributor to decentralized application (DApp) activity in terms of uniquely active wallets. A new 18-page report by DappRadar surveys the nascent ecosystem behind this rise. Although still dwarfed by the traditional gaming industry, blockchain games, sometimes dubbed GameFi, have seen an early …
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Bored Ape raises $285M from the sale of Ethereum Otherside NFTs
Yuga Labs has released its eagerly-awaited virtual land sale for the metaverse. The Otherside metaverse project has witnessed notable success, and the sale of the land has generated around $285 million. BAYC raises $285M from the sale of Ethereum Otherside NFTs The sale of these digital pieces of land has resulted in the highest fees …
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Yuga Labs’ Otherside Metaverse NFT Mint Broke Ethereum and Other Records, Here is a Recap of What Happened
Quick take: The Otherside Metaverse NFT mint spearheaded by Yuga Labs is thus far the largest in blockchain history 55,000 Otherdeeds NFTs were sold for a flat rate of 305 Apeocin, raising $320 million using an APE value of around $19 The mint congested the Ethereum network raising network fees to as high as 8,000 …
Telegram Users Can Send and Receive Toncoin Within Messenger Chats
Telegram users can now send and receive toncoin directly within the application’s chats, according to a tweet by The Open Network (TON) Foundation. In addition to the toncoin support, users can also purchase bitcoin via the software’s bot system. TON Foundation Reveals Telegram Toncoin Support, Users Can Purchase Bitcoin via Bot The ability to send …
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Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month
Digital currency markets have been tumultuous during the past month as bitcoin shed 15.43% and ethereum dropped 17.49% against the U.S. dollar. Moreover, crypto spot volumes are down 18.95% lower than the month prior, and both futures and options volumes were down in April as well. Lower than average trade volumes typically suggest overall interest …
Ukrainian Soccer Club Shakhtar to Raise Humanitarian Funds Through NFT Sale
Shakhtar Donetsk, a leading soccer team in Ukraine, will sell a collection of non-fungible tokens (NFTs). The club intends to auction several signed jerseys to raise funds for Ukrainian citizens affected by the ongoing war with Russia. FC Shakhtar Donetsk to Auction Digital Collectibles With Help From Binance Binance NFT, the marketplace for non-fungible tokens …
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Global Metaverse Event of Lydian․World in Dubai Opera 7th May 2022 – Worldwide Football Superstars Invite You
press release PRESS RELEASE. Football Superstars such as: Roberto Carlos Mario Yepes David Trezeguet Michel Salgado Fernando Hierro Lucas Radebe, Invite you to a Global Metaverse of Lydian.World exclusive event. The event will take place on the 7th of May 2022 in Dubai Opera. As a first offline event of such scale where thousands of …
Dubai luxury real estate developer set to accept cryptocurrency payments
The United Arab Emirates is taking the lead in cryptocurrency adoption. The number of businesses in Dubai that are now open to accepting cryptocurrencies has increased significantly over the past few months. Damac Properties, a luxury real estate developer in Dubai, recently announced accepting Bitcoin and Ethereum for payments. Dubai real estate developer accepts crypto …
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Wikimedia Foundation passes proposal halting crypto donations
The Wikimedia Foundation has announced it will be closing its BitPay account. The closure comes as the company discontinues cryptocurrency donations after negative community feedback about digital assets. Wikimedia Foundation halts crypto donations The Wikimedia Foundation decided to halt crypto donations after a proposal tabled on January 10 to halt the donations was approved by …
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Solana experiences its seventh outage caused by NFT minting bots
The Solana blockchain underwent a seven-hour outage between Saturday and Sunday last week. The outage was caused by an influx of transactions triggered by non-fungible token (NFT) minting bots. This is the seventh time in 2022 that the Solana network has reported an outage. These outages have happened at very close intervals. Solana experiences a …
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Yuga Labs Otherside project triggers a spike in ETH burning
The Ether burning rates have now reached a new all-time high level. This comes amid the launch of Yuga Labs metaverse project known as “Otherside”. Yuga Labs is the team behind the Bored Ape Yacht Club (BAYC) non-fungible tokens. BAYC’s Otherside project spikes ETH burning On Sunday, Yuga Labs sold 55,000 pieces of virtual land …
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