While the crypto economy has dropped considerably in value during the last few weeks, seven-day statistics indicate non-fungible token (NFT) sales are down 17.32% lower than last week. Data also shows NFT floor values have tumbled a great deal during the past month as some of the most popular NFTs are selling for a lot …
Monthly archives: May 2022
Long-Term Holders Double Down on Ethereum (ETH), According to Crypto Analytics Firm IntoTheBlock
A leading crypto analytics firm says long-term holders are buying into Ethereum (ETH) despite the second-ranked crypto asset’s price struggles. According to IntoTheBlock’s head of research, Lucas Outumuro, more than 50% of all the Ethereum in circulation now belongs to addresses that have been holding ETH for more than one year. “Addresses that have been …
Top Coinbase Executives Have Unloaded $1,200,000,000 Worth of Shares Since the Exchange’s Public Listing: Report
Executives at top crypto exchange Coinbase are reportedly selling off $1.2 billion worth of the company’s shares since its direct listing in April 2021. The Wall Street Journal (WSJ) reports that Coinbase CEO and co-founder Brian Armstrong, co-founder Fred Ehrsam, president and chief operating officer Emilie Choi and chief product officer Surojit Chatterjee are responsible …
JPMorgan sees higher BTC price potential, a16z unveils $4.5 billion crypto fund and PayPal hints at more crypto involvement: Hodler’s Digest, May 22-28
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil …
Bitcoin price action decouples from stock markets, but not in a good way
This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index is up 3.1%. May 27 data from the United States Commerce Department shows that the personal savings …
Continue reading “Bitcoin price action decouples from stock markets, but not in a good way”
Seven Wallets Could Have Initiated TerraUSD (UST) De-Peg, According to Crypto Analytics Platform Nansen
A market intelligence firm says seven crypto wallets may have been involved in the depegging of algorithmic stablecoin TerraUSD (UST) from the US dollar. According to digital assets insights firm Nansen, seven crypto wallets were spotted swapping large amounts of UST on the automated market-making platform Curve (CRV) on May 7th, right before the stablecoin …
STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out?
A massive downtrend in the STEPN (GMT) prices witnessed in the last 30 days appears to be nearing exhaustion. GMT’s price has rebounded by nearly 35%—from $0.80 on May 27 to $0.99 on May 28. Interestingly, the upside retracement started after the price fell in the same range, which had acted as support before GMT’s …
Continue reading “STEPN rebounds sharply after falling 80% in a month — is GMT price bottoming out?”
New Terra (LUNA) Opens as High as $30 on Bybit, then Crashes by 80% Leading Binance to Take a More Cautious Route
Summary: Trading of the new Terra (LUNA) coin is live on some crypto exchanges. The new Terra (LUNA) opened as high as $30 on Bybit before crashing by 80% to its current level, around $6. Terra’s (LUNA) volatility has prompted Binance to place the digital asset in the innovation and list it on May 31st. …
Ethereum Developers See ETH’s Difficulty Bomb Being Delayed by 2 to 4 Months as the Merge Nears Completion
Summary: Ethereum core developers are in agreement that ETH’s difficulty bomb should be delayed by two to four months. The Ethereum developers also floated the idea of combining the difficulty bomb delay with the client releases for the Bellatrix hard fork on the Beacon Chain. An EIP needs to be proposed to the community for …
Galaxy Capital’s Mike Novogratz Believes Bitcoin Will Lead the Next Rally When the US Fed Pauses its Tightening Policy
Summary: Mike Novogratz believes that Bitcoin will lead the next rally when the US Federal reserve pauses its monetary tightening policy. When Bitcoin rallies, good crypto projects will follow suit. According to Mr. Novogratz, the crypto industry will not go away and is currently adjusting to the popping of the asset bubble caused by the …
Op-Ed: How AI and blockchain technologies liberate art
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! In 2022, it’s hard to imagine any art that’s isolated from technology. AI, NFT, blockchain, DAO: these advances significantly impact the creative process. Almost all of these technologies are rooted in the desire to make human life better and free us …
Continue reading “Op-Ed: How AI and blockchain technologies liberate art”
Can Web3 free users from monopolies to become its center?
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! According to funding data from Footprint Analytics, the Web3 sector of the blockchain industry—which refers to the core technology that will enable the web of the future, i.e., blockchain infrastructure—received $9.463 billion more investment in 2022 than GameFi and DeFi’s combined …
Continue reading “Can Web3 free users from monopolies to become its center?”
LUNA 2.0 hits $30 then drops 80% in first day of trading
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The new LUNA 2.0 chain went live today, May 28, at 6 am UTC, as millions of wallets received an airdrop of the new token. The genesis chain also began trading on ByBit at 8 am UTC. The price started at …
Continue reading “LUNA 2.0 hits $30 then drops 80% in first day of trading”
Algorand funds FlexID to offer Africa’s unbanked self-sovereign IDs
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Algorand, a Proof-of-Stake (PoS) blockchain protocol, has invested an undisclosed amount in FlexID to expand its Self Sovereign Identity (SSI) platform, according to an announcement. FlexID is a digital identity platform that aims to avail its decentralized digital identity network in …
Continue reading “Algorand funds FlexID to offer Africa’s unbanked self-sovereign IDs”
Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High
On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset’s first recorded value at 5 a.m. (ET), was $14.31 per unit and it hit an all-time high (ATH) roughly 20 minutes later at $18.87 per LUNA. LUNA …