Bitcoin has been on an impressive rally after 7% gains over the past two days. At the time of writing, Bitcoin was trading at $20,592. […] Go to Source
Monthly archives: October 2022
Crypto Prices Are Exploding, and Here’s 3 Reasons Why
After consolidating at the $19K levels for weeks, Bitcoin is finally registering some action. The rally during the past two days has seen Bitcoin gaining […] Go to Source
Dogecoin shows strength; why is it pumping?
The cryptocurrency industry has been rather critical of memecoins since 2021 when it emerged as one of the most popular categories in the space. Naturally, […] Go to Source
Ethereum Pumps 15% Mid-Week — Is $3,000 the Next Target?
In the past day, the cost of Ethereum has increased by nearly 15%, from around $1340 to $1539. While the entire market has risen significantly, […] Go to Source
Bitcoin Price Spikes Over $20k; What’s Next?
Apart from the developments in the US markets, the British parliament’s move today to treat cryptocurrency as a legitimate form of currency sent Bitcoin soaring. […] Go to Source
Ethereum Whale Suddenly Moves $22,200,000 in ETH After Lying Dormant for Over Six Years: Santiment
An Ethereum (ETH) whale is coming alive after lying dormant for over half a decade, according to blockchain analytics platform Santiment. Santiment says the Ethereum’s whale address moved 15,000 ETH worth $22.2 million at the time of the transaction to an empty wallet after being inactive since October 4th of 2016. The whale address now …
Macro Guru Raoul Pal Says Crypto and Web3 About To Explode 300x in Market Value – Here’s His Timeline
Macro expert and former Goldman Sachs executive Raoul Pal is predicting an unprecedented pace of growth in the market cap for cryptocurrencies and Web3 projects. In a new Google Tech Talks interview, Pal says that crypto’s market cap of about $1 trillion could explode to $300 trillion in just a decade. Pal bases his forecast …
Price-Pegged Cryptocurrency: Five Ways That Tokens Can Match Other Asset Prices
Cryptocurrencies can match the value of other assets. This allows value to easily move throughout the crypto ecosystem. Most cryptocurrencies, including Bitcoin and Ethereum, have prices based on supply and demand. However, some cryptocurrencies are instead pegged to the price of existing assets such as fiat currencies, stocks, or other crypto assets. This allows value …
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ConsenSys Debuts MetaMask Grants DAO, Funds Program With $2.4 Million For Web3 Growth
Summary: Blockchain tool developer ConsenSys launched an employee-led program dubbed MetaMask Grants DAO. The initiative hopes to support decentralized and aid developers who are building key solutions for the web3 economy. ConsenSys backs its grants DAO with $2.4 million in funding per year. The program marks a milestone for the company as MetaMask was built …
Cardano (ADA) Adds $1 Billion To Market Cap In Latest Bear Market Rally
Summary: Over $1 billion flowed into the Cardano ecosystem in a single day as crypto prices experienced gains. ADA’s market cap crossed $14 billion during this week’s rally, ranking the crypto eighth among digital tokens and blockchain networks. Cardano’s token is also up 15% on the weekly chart per data from CoinMarketCap while ADA is …
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Sam Bankman-Fried Hints That FTX Could Launch a Stablecoin
FTX CEO was interviewed by The Big Whale, in which he spoke on a variety of subjects, including a potential stablecoin launch, the market’s near-term momentum, and the possibility of buying Robinhood. Bankman-FRied said that the public would soon hear about any efforts on a stablecoin. He did not provide further details. Binance’s BUSD has …
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Analyst Predicts One Ethereum-Based Altcoin Will Outperform Bitcoin (BTC) and Binance Coin (BNB)
A popular crypto analyst thinks one Ethereum (ETH)-based altcoin is likely to outperform both Bitcoin (BTC) and Binance Coin (BNB). The pseudonymous trader known as Kaleo tells his 536,400 Twitter followers that Ethereum scaling solution Polygon (MATIC) could be primed for a breakout against BTC. “MATIC is one easy alt that should still have quite a …
Silicon Valley tech CEOs are not big fans of metaverses
During a Wall Street Journal event, Microsoft gaming chief Phil Spencer and Snap CEO Evan Spiegel revealed that they are not big fans of the metaverse in its current form. Spencer called the metaverse’s current iteration a “poorly built video game,” referring to the ecosystem’s bad graphics and low-quality interfaces. [embedded content] The Microsoft gaming …
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ConsenSys commits $2.4M annually to launch MetaMask Grants DAO
Blockchain technology firm ConsenSys will spend $2.4 million annually to fund its newly launched MetaMask Grants DAO aimed at driving further development of the Web3 ecosystem. The fund will be led by MetaMask employees who will manage the decentralized autonomous organization (DAO). The DAO will be responsible for issuing grants to developers working outside of …
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Kazakhstan to build central bank digital currency on BNB Chain
In an announcement on Twitter, Changpeng Zhao, the founder and CEO of Binance, said the network will be a major component of Kazakhstan’s latest Web3 endeavor. The Binance founder tweeted that the National Bank of Kazakhstan (NBK) will integrate its central bank digital currency (CBDC), the digital tenge, on the BNB Chain, the underlying blockchain of …
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