LBLOCK price movements attack strong resistance price levels. And from the signs emanating from trading indicators, price action is closing in on breaking those price […] Go to Source
Monthly archives: October 2022
NFT Makers Suddenly Lose A Significant Source Of Income
The abolition of creator royalties by major NFT collections, marketplaces, and platforms is a developing trend in the NFT industry. This is the direction DeGods […] Go to Source
Friday after-work drinks with Twitter’s new owner Elon Musk, who’s in?
Crypto-friendly billionaire Elon Musk is set to finalize the acquisition of social media platform Twitter by Friday, Oct. 28 which brings to a close the protracted Musk-Twitter saga. On Oct. 24 Musk vowed to the banks assisting with the roughly $13 billion of financing for the deal that it would be closed by the end …
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Nifty News: Reddit NFTs surge into OpenSea top 10, judge likens NFTs to ‘luxury’ property and more
Reddit NFTs among OpenSea’s top 10 collections Reddit’s Polygon-based nonfungible token (NFT) venture continues to impress with three of its tokenized avatar collections cracking the top 10 projects on OpenSea in terms of sales volume this week. Looking at the 24-hour sales volume chart, Spooky Season by Reddit user poieeeyee is ranked second with 274 …
Nigerians’ passion for crypto is stopping short at the eNaira
Nigeria’s central bank digital currency (CBDC) is not getting the warm reception expected from its crypto-savvy population. According to a Bloomberg report, less than 0.5% of Nigeria’s 217 million population are using the government-issued digital currency — the eNaira — a year after its launch. This comes despite Nigeria being identified by Chainalysis as the …
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Freeway’s withdrawal halt blamed on ‘failed’ trading strategy
Crypto staking platform Freeway pointed at the failure of one of its trading strategies, along with market conditions as the leading reason for halting user withdrawals earlier this week. The crypto yield platform on Oct. 23 announced it was halting various transactions relating to its high-yield “Supercharger” product, citing “unprecedented volatility” at the time, without giving …
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Why web3 social could be bigger than Facebook
Aave and Lens Protocol founder Stani Kulechov explains the power of web3 Social to put freedom and ownership into the hands of creators and users. Zao Oct. 26, 2022 at 4:00 am UTC 61 min watch Updated: October 25, 2022 at 11:56 pm [embedded content] Season 6, Episode 18 of the Mint Podcast with Adam …
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CryptoSlate Wrapped Daily: Staked ETH soars in Q3; Bitcoin volatility causes Tesla $106M loss; Binance close to finding hacker
The biggest news in the cryptoverse for Oct. 25 includes the amount of staked Ethereum surpassing 14 million year-to-date, Tesla’s $106 million loss to Bitcoin volatility, and Apple’s guidelines on how iOS developers can add in-app NFT purchase functions to their apps. Total staked Ethereum surpasses 14 million in Q3 amid 64% decline in price …
Stablecoin regulation could spell the beginning of the end for DeFi
Ever since the concept of decentralized finance (DeFi) came to the forefront of the crypto space back in 2020, critics (including me) have noted that much of this sector is decentralized in name only. One of the key areas of centralization is found with the various stablecoins that make up a large portion of the …
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Bitcoin Miner Cleanspark Raises Year-End Outlook by 10%, Firm’s Hashpower Surpasses 5 EH/s
On October 25, the bitcoin mining operation Cleanspark announced that the firm’s hashrate now exceeds 5 exahash per second (EH/s), a milestone achieved more than two months ahead of the company’s original year-end goals. Cleanspark says it now aims to surpass 5.5 EH/s by the year’s end by increasing the miner’s hashrate goal by 10%. …
Rishi Sunak Becomes UK Prime Minister — He Wants to Make Britain a Global Crypto Investment Hub
Britain’s former Chancellor of the Exchequer Rishi Sunak has become the country’s new prime minister, succeeding Liz Truss who resigned after 44 days in office. The leader of the Conservative Party previously said: “It’s my ambition to make the U.K. a global hub for cryptoasset technology.” Rishi Sunak Takes Office as U.K. Prime Minister Rishi …
Treasury Secretary Janet Yellen: US Financial Stability Risks Could Materialize, Cites ‘Dangerous and Volatile Environment’
Treasury Secretary Janet Yellen has warned that financial stability risks could materialize in the U.S. Noting that “Inflation remains too high, and we are contending with serious global headwinds,” she stressed that the Treasury is “closely monitoring the financial sector, as global developments have led to increased market volatility.” Janet Yellen Warns of Financial Stability …
MakerDAO partners with Coinbase to custody $1.6 billion USDC
The largest cryptocurrency exchange in the US, Coinbase, has announced a partnership with MakerDAO governance. This partnership was enabled by a proposal passed by the […] Go to Source
Ethereum Price Registers Gains, Is This A Rebound?
Ethereum price has moved up on its chart over the last 24 hours. The altcoin witnessed a 4% growth in the same time frame. This has pushed the price of the altcoin closer to the immediate resistance. Once the Ethereum price moves above the closest resistance level, the bulls could definitely take control of the …
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Crypto Market Drops To Extreme Fear As Bitcoin Struggles To Hold $19,000
The crypto market sentiment has been on the decline over the last year and it has come in tandem with the decline in bitcoin price. Bitcoin, which moves the entirety of the crypto market most times, has had a tough go of it in recent times. Now, as the pioneer cryptocurrency continues to struggle to …
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