Bitcoin has had a rough couple of weeks leading up to this moment and the effects of this are still being felt all across the board. This has seen bitcoin’s price crumble below $30,000 once more. Along with this fall has come some other brutal news for the digital asset. One of these has been …
Continue reading “Funding Rates Fall To Yearly Lows Following Bitcoin’s Fall Below $29,000”
More than 5,505 Ether of the Ronin Bridge exploitation seems to be transferred through Tornado Cash, a unique privacy crypto exchange. Blockchain data showed that the address associated with the $625 million Ronin Bridge Attack had begun transferring ether tokens valued at over $10 million. This occurred during the Asian morning hours. The data showed …
Continue reading “Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation”
On-chain data shows the Bitcoin exchange whale ratio has started to sharply rise, a sign that these humongous holders may be beginning to dump. Whales Are Behind Almost 90% Of Bitcoin Exchange Inflows Right Now As pointed out by an analyst in a CryptoQuant post, whales may be ramping up dumping, a sign that could …
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Venture capital firm Andreessen Horowitz (a16z) has launched a $600 million fund dedicated to gaming startups with a focus on Web3 saying it believes “games infrastructure and technologies will be key building blocks of the Metaverse.” Dubbed “GAMES FUND ONE” the fund will invest in three main areas: game studios, consumer applications which support player …
Continue reading “$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M”
Russia will legalize crypto payments “sooner or later” according to the Ministry of Industry and Trade of the Russian Federation, Denis Manturov. The country’s government has been exploring various crypto adoption plays throughout 2022, but is yet to finalize any concrete policy concerning digital asset payments. However, its legalization has been recommended by Russia’s finance …
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Hyundai Motor Company, a South Korean automaker, made its debut in the world of non-fungible tokens (NFTs) on Monday 18-05-2022, after cooperation with the ‘Meta Kongz‘ NFT brand. Kakao, the firm behind Korea’s most popular instant messaging app, KakaoTalk, established the Clayton blockchain, on which Meta Kongz is built. Makes 10,000 PFP Meta Kongs in …
Continue reading “Hyundai and Meta Kongz teamed up to bring community NFTs to the market”
A closely tracked crypto strategist is outlining what’s in store for leading smart contract platform Ethereum and two ETH challengers, including Solana (SOL). In a new strategy session, pseudonymous analyst Cred says Ethereum might have printed a tradeable range provided that the bottom at $2,000 holds. “This might be our range for some time. Support …
Retail trading platform Robinhood is launching a new non-custodial crypto and non-fungible token (NFT) wallet in the company’s latest push to embrace the digital asset space. According to a new press release, the trading titan has started developing a multichain Web 3.0 wallet that will allow investors to have total control of their digital assets …
Continue reading “Robinhood to Compete Against Coinbase With Launch of New Crypto and NFT Wallet”
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, has cited concerns about cryptocurrency enforcement in its budget request for the next fiscal year. In written testimony for a Wednesday hearing of the U.S. House Committee on Appropriations, Gensler said he supported President Joe Biden’s request to budget more than $2.1 …
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Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive media attention, which most often centered around Salinas’ opponent Carrick Flynn, whose campaign was generously funded by the Protect Our …
Continue reading “Candidate supported by Bankman-Fried-linked PAC loses Oregon primary”
Terra’s collapse is nearing an end, as LUNA and TerraUSD approach near-zero values. What’s next for stablecoins? The collapse of the failed stablecoin TerraUSD appears to be coming to an end as its own price and the rest of the crypto market begin to settle. Both of Terra’s crypto assets have been falling in value …
Continue reading “Luna and Terra Collapse Concludes as Other Stablecoins Stand Strong”
Ethereum co-founder Vitalik Buterin posted a tweetstorm this week revealing contradictions in his thoughts and values. Buterin listed ten distinct contradictions, including reducing reliance on people versus building lasting systems and his love of decentralization and democracy versus a tendency to agree with intellectual elites over “the people.” Thread: some still open contradictions in my …
Continue reading “Is Vitalik Buterin about to jump from Ethereum to Bitcoin?”
New Bitcoin (BTC) mining data from the Cambridge Centre for Alternative Finance (CCAF) has revealed that China has resurfaced as a leading mining hub. This resurgence comes after the country banned BTC mining in the past year, citing BTC’s Proof-of-Work (PoW) consensus mechanism, which is energy-intensive. According to CCAF, China’s ban on BTC mining saw …
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The first live CryptonitesTV episode gathered a panel of crypto media professionals to debate the current conditions in the industry and offer predictions for the future of the crypto market. Filmed on May 6th at the Coin Bureau conference in London, the panel was hosted by Cryptonites’ Alex Fazel and hosted guests Maren Altman, That …
Continue reading “Bears vs Bulls: Crypto media pros share their crypto market predictions”
Exodus has announced a new multi-chain crypto browser extension. Users can now “easily explore and navigate the world of DeFi” through their Chrome and Brave browsers. Typically, browser extensions cater to a single ecosystem. However, in the case of MetaMask, minor changes in the settings allow the wallet to be used with multiple chains, such …
Continue reading “New Exodus Wallet browser extension includes ‘unlimited access’ to Solana”
