Crypto
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‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal
The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed Index seeing its longest run of extreme fear since the market crash in Mach 2020. Crypto Fear & Greed Index. Source: Alternative Data from Cointelegraph Markets Pro and TradingView shows that the price action for Bitcoin (BTC) has continued to compress into an increasingly narrow trading range, but technical analysis indicators are not providing much insight on what direction a possible breakout could take. BTC/USDT 1-day chart. Source: TradingView Here’s ...
If you are looking to get into music cryptocurrencies, here are your best options for May
Audius (AUDIO), Opulous (OPUL), and The HUSL (HUSL) are some of the best Music tokens that you can get. Each token has showcased solid signs of growth and numerous updates to its ecosystem. AUDIO is up 10% in the last 24 hours, OPUL is up 3%, and HUSL also has potential for growth. Audius (AUDIO), Opulous (OPUL), and The HUSL (HUSL) are solid Music token choices that you can get on May 25, 2022. On May 17, we saw a sneak peek at the HUSLVERSE, where the platform teased us about its future. On May 20, 2022, Audius announced that Music NFT Playlists became available on the platform. This allowed users to listen to and showcase all of their Music NFTs minted on Ethereum and Solana through a single auto-generated playlist directly from the platform. Opulous announced the release of ArdAdz...
India’s crypto exchange CoinSwitch calls for regulatory clarity
The country’s central bank has previously raised concerns over the assets’ threat to the country’s macro-economic and financial stability Last month, two major exchanges disabled deposits via the popular payment system in use within the country The uncertainty surrounding India’s crypto space has left traders and investors with doubts and strings of unanswered questions. This murky scenario has created mixed signals in the country with one of the highest potentials for crypto investors – India is the second-most populous country in the world – and threatened the freedom of exchanges to operate freely. New Delhi’s income tax imposition on crypto could be a sign of approval The central bank’s growing concern for investor welfare is warranted, cautioning that dealing in digital assets is at i...
Devon Henry Launches CryptoFederacy NFT Art Collection to Raise 13 Million Dollars for Social Causes
Richmond, VA, 25th May, 2022, Chainwire [embedded content] In 2020, Devon Henry said yes to a job that no other contractor had the courage to accept. The story of Henry’s role will likely be told in history books– as depicted in the recent front-page feature of The New York Times. Since 2020, Henry and his construction teams have meticulously and safely removed over 23 Confederate statues across the former Confederate South. Henry is now repurposing this history into a charitable CryptoFederacy project that highlights 13-star causes and changemakers via the 13 Stars NFT Collection that drops on June 19, 2022, at www.CryptoFederacy.com. A Monumental Task “The task of dismantling these statues has literally been monumental”, states Devon Henry, who faced harassment and even death threats, as...
StarkWare nets $100M as investors bank on layer-2 success
Ethereum (ETH) layer-2 developer StarkWare has raised a further $100 million in its latest fundraising round despite the prevailing downturn in cryptocurrency markets. StarkWare’s series D fundraising round sees the firm’s valuation up to $8 billion, marking a four-fold increase in value just six months after its Series C round in November 2021. Tech investment firm Greenoaks Capital led the latest fundraising round in addition to private equity firm Coatue, Tiger Global and other investors. StarkWare has established itself as a major player in the Ethereum layer-2 scaling space, boasting more transaction throughput than the Bitcoin network and collectively more than all other layer-2 platforms in 2022. The firm makes use of rollup technology for its Ethereum layer-2 scaling platforms. By ...
GPU prices are still on a decline: Is Bitcoin’s sorrow gamers’ joy?
The prices of graphics processing units (GPUs), also known as graphics cards, are undoubtedly still a far cry from the manufacturer’s suggested retail price (MSRP). However, they aren’t what they used to be either, especially considering what GPU prices looked like just a year ago. For instance, the price of a GPU from Nvidia GeForce RTX 30-series is 14% over its MSRP, according to reports from 3D Center. Whereas AMD’s Radeon RX 6000 is up 7% from its MSRP from April 17 and May 8. On the other hand, it is the first time since January that AMD’s Radeon RX 6000 dropped below 10% over MSRP. Meanwhile, just a month ago, these same prices were 19% and 12% above their MSRPs, respectively. The Nvidia RTX 3080 currently goes for a price range between $1,000 to $1,300. Despite being at such a long ...
Crypto is changing how humanitarian agencies deliver aid and services
The primary use case for cryptocurrency in most wealthy countries is acquiring it and holding it, trading it, or using it in various other ways to make more money. In the developing world, where access to financial and banking systems is limited or nonexistent, innovative humanitarian organizations are piloting micro-blockchain ecosystems. In the summer of 2021, Hope for Haiti was ready to launch a cryptocurrency pilot program to provide 150 mothers with cellphones, digital wallets and payment cards that use near-field communication technology. Each mom participating in its community nutrition program was set to receive $50 per month in cUSD for six months to spend on family essentials. A select group of local vendors was trained to use the system and poised to accept the cryptocurrency pa...
Singapore venture firm launches $100M Web3 and metaverse fund
Crypto-focused venture firm NGC Ventures has launched a new ecosystem fund dedicated to Web3 projects, underscoring heightened investor demand for startups that are contributing to the development of a decentralized internet. NGC Metaverse Ventures, the company’s third blockchain fund, raised $100 million from investors that included Babel Finance, Huobi Ventures, Nexo Ventures, Altonomy and GBIC. The fund will allocate capital towards “high-potential projects” in the Web3 economy, according to Roger Lim, NGC Ventures’ general partner. The Web3 fund has already invested in three startups, NGC disclosed on Wednesday. Based in Singapore, NGC Ventures was founded in 2017 as a blockchain and fintech-focused venture firm. It was an early investor in Solana (SOL), Algorand (ALGO) and Oasis...
Balenciaga to support Bitcoin and Ether payments in select US stores
The French luxury giant’s approval of the digital assets not only addresses a gap in crypto payments but also caters to a growing young population of online users The crypto payments support comes at a time when the digital assets are experiencing extreme levels of volatility in the market Balenciaga is the latest name in the luxury fashion industry to offer support for crypto payments. The Paris-headquartered fashion powerhouse announced this week that it would allow its customers to settle payments in crypto in some of its stores in the United States. Two Balenciaga stores – Rodeo Drive in Beverly Hills and Madison Avenue in New York – have moved to implement the plan. Acceptance of crypto payment is a long-term strategy Despite several digital coins haemorrhaging up to half ...
Bored Ape Yacht Club NFT daily sales volume up more than 300% in the last 24 hours
The NFT collection is second in 24 hr. daily sales volume behind Otherdeed, which has more buyers and transactions on the day Earlier this week, the all-time sales volume of the mutant serums for BAYC crossed $1.5 billion The MAYC NFT collection has grown to be among only six platforms to reach the billion-dollar platform since its launch, the others including Axie Infinity, CryptoPunks, NBA Top Shot and its original highly successful derivative BAYC. The offshoot NFT from the Bored Ape Yacht Club (BAYC) this week surpassed $1.5 billion and, at the time of writing, has logged $1.531 billion for an average of about $39,360. The NFT collection currently ranks fourth in sales volume and has recorded 38,896 transactions, CryptoSlam data shows. The Mutant Ape Yacht Club NFT collecti...
Tezos Gitcoin Hackathon Offers $50k in tez to Help Onboard Art Institutions to Web3
Berlin, Germany, 25th May, 2022, Chainwire The 8-week fellowship program called <a title="WAC” href=”https://wac-lab.xyz/” rel=”nofollow noopener”>WAC (Web3 for Arts and Culture) has kicked off and features 8 established art + culture institutions learning how to incorporate web3 technologies Tezos is partnering with Gitcoin to host a hackathon within WAC. Prize pool is $50k in tez and there are no prerequisites to join (non-technical people welcome!). Sign up at <a title="https://gitcoin.co/hackathon/wac/onboard” href=”https://gitcoin.co/hackathon/wac/onboard” rel=”nofollow noopener”>https://gitcoin.co/hackathon/wac/onboard The <a title="WAC Lab” href=”https://wac-lab.xyz/” rel=R...
‘Code is not law’: Seth Green thief stole Bored Apes, not the rights say experts
Austin Powers supporting actor Seth Green has sparked a debate over who owns the commercial rights to use a Bored Ape Yacht Club NFT, after his Apes were stolen and sold to another party Green tweeted on May 18 that four of his nonfungible tokens (NFT) including BAYC #8398, Mutant Ape Yacht Club (MAYC) #9964 and #19182, and Doodle #7546 were stolen from him after he visited a phishing site. Green, the creator of Robot Chicken and co-star on Family Guy, noted that someone with the pseudonym DarkWing84 had already bought the BAYC NFT. Now, legal experts and community members are weighing in about the implications of theft on BAYC intellectual property (IP) rights. Well frens it happened to me. Got phished and had 4NFT stolen. @BoredApeYC @opensea @doodles @yugalabs please don’t buy or trade ...
