Bitcoin Bulls Face an Uphill Task as Bitcoin Consolidates Above $40k– January 10, 2022 On January 7 price slump, BTC/USD dropped to $40,586 as Bitcoin consolidates above $40k. The current selling pressure has subsided because Bitcoin has reached an oversold region of the market. It is consolidating above the previous low of the December 4 …
Yearly archives: 2022
Disney receives patent to create a “Theme Park Metaverse”
Disney has received a patent that will allow it to build virtual experiences for its theme park. The patent will allow Disney to personalize its interactive interactions. The technology will allow the popular entertainment company to enjoy augmented reality (AR) attractions on Disney theme parks. Disney moving to the virtual world The technology behind the …
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Arbitrum confirms a seven-hour outage on the network
Arbitrum, a layer two network based on Ethereum, has suffered an outage. This is the second outage the network has suffered from in five months, with the latest being attributed to hardware failure. The network has already gone back online. However, this was after the team behind the network announced that some downtime had been …
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What is an NFT marketplace and How Do You Create Your Own?
Non-Fungible Token or NFT marketplace is such a marketplace that functions as a public Blockchain platform. However, this platform is gaining traction and driving developers and businesses to construct a marketplace., despite being in its nascent stage, despite being in its nascent stage. Online marketplaces for digital assets are the recent talk of the fintech …
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Binance.US to build an Office in Solana Metaverse
Leading cryptocurrency exchange Binance.US has announced that the platform is building an office space in the virtual world of the popular Metaverse ecosystem, Portals. With this, Binance.US will be putting its first dedicated step towards the fast-growing realm of Metaverse technology. Curated on the decentralized Solana blockchain channel, Portals offers access to a dense urban …
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PayPal Confirms To Explore Stablecoin
Working as one of the largest American Fintech firms, PayPal Holdings is all set to launch a powerful stablecoin project for the global community of investors. The highly-anticipated decentralized product will be introduced to the users as ‘PayPal Coin.’ Interestingly, the global payment facilitator’s exploration into creating a stablecoin was first disclosed by developer Steve …
Disney patents technology to focus on theme park in Metaverse
Tired of the typical theme park experience? Well, then Disney Enterprises has something special to offer to you from its piggyback. Yes!!!! That something is an exclusive theme park ‘Metaverse’ that puts together technology and fun to unleash the power of thrilling entertainment. Working as a premier multinational entertainment and media conglomerate from the United …
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Large Ethereum Whale Splurges Over $100,000,000 on FTX Token (FTT), Polygon (MATIC) and Three Other Crypto Assets
Data from a whale-monitoring platform reveals that one of the largest whales in existence is snapping up five altcoins including FTX Token (FTT) and Polygon (MATIC) worth over $100 million. WhaleStats shows that the Ethereum (ETH) whale, with crypto holdings worth over $17 billion, purchased tens of millions of dollars worth of FTX Token, the …
Bitcoin batters longs as liquidations copy May 2021 run to $30,000
Bitcoin (BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much. In a tweet on Jan. 10, on-chain analytics firm Glassnode revealed that those longing BTC had suffered a rerun of last May, when BTC/USD began to fall toward $30,000. Long traders fail to “catch the knife” …
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Central bank of Bahrain trials JPMorgan blockchain and token
Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency. The Central Bank of Bahrain (CBB) has successfully completed a digital payment test in collaboration with JPMorgan’s blockchain and cryptocurrency unit Onyx, according to an official announcement published on Jan. 6. …
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UAE regulators pave way for crypto and blockchain adoption, says legal expert
While many countries are inclined to simply ban the use of Bitcoin (BTC) and digital assets, regulators in the United Arab Emirates are taking a different approach. The country has been consistently enacting its vision of becoming a blockchain capital by providing frameworks to guide crypto businesses on how to operate in accordance with the …
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German neobank N26 to launch crypto trading later this year
German neobank N26, one of the biggest European fintechs with over $9 billion in valuation, is finally ready to tackle crypto and equities trading after striving for a global expansion. Despite being an early player in the financial technology boom across Europe, the Berlin-based online bank N26’s global ambitions induced a setback in its diversification …
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Bitcoin (BTC) Price Prediction: BTC/USD Trades Marginally as Bitcoin Consolidates Above $40k
Bitcoin Bulls Face an Uphill Task as Bitcoin Consolidates Above $40k– January 10, 2022 On January 7 price slump, BTC/USD dropped to $40,586 as Bitcoin consolidates above $40k. The current selling pressure has subsided because Bitcoin has reached an oversold region of the market. It is consolidating above the previous low of the December 4 …
Binance.US is building an office in the metaverse
With many institutions and firms joining the metaverse in recent times, the latest firm to join the growing list is the US arm of the leading crypto exchange in the world, Binance. Binace.US to get virtual office in the metaverse According to available information, Binance.US would be setting up in Portals, a metaverse project built …
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Ethereum’s Arbitrum Network suffers a temporary outage
The layer two network of Ethereum known as Arbitrum suffered a seven-hour temporary outage following a hardware failure. The network’s sequencer failure hindered the processing of transactions for the said duration, which was later fixed by the network administrators. Arbitrum network faces temporary downtime The network took to Twitter to inform users about the temporary …
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