Crypto
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eBay drops first NFT collection to non-crypto mainstream buyers
E-commerce giant eBay has officially launched its first NFT drop, with a series of tokenized collectibles featuring National Hockey League (NHL) legend Wayne Gretsky going live on May 23. The NFT collection depicts animated versions of Gretsky that were inspired by Sports Illustrated magazine covers. They come in four different tiers of rarity including green at 299 editions per token, gold at 199, platinum at 99, and diamond at 15. The collection is up for sale on eBay’s marketplace now, however, the limited edition diamond, platinum, and gold tiers worth $1,500, $100, and $25 apiece have already sold out. According to the announcement from eBay, the collection was developed in partnership with environmentally focused NFT platform OneOf, which supports multiple “energy-efficient blockchai...
NFT Roundup: Getty Images partners with Candy Digital to launch NFTs as LimeWire locks in UMG
Getty Images’ NFTs will be minted on the Ethereum sidechain Palm blockchain LimeWire recently partnered with UMG to allow artists signed to the entertainment giant to release NFTs in an upcoming marketplace British-American visual media firm Getty Images has completed an agreement with digital collectables company Candy Digital to release its first non-fungible tokens (NFTs). According to an official announcement published on Tuesday, the NFTs would be minted on Palm blockchain, an Ethereum sidechain. Getty Images intends to draw material for its NFTs from its collection having more than 465 million images, including 135 million previously unseen analogue archival works. Sales of the tokens would happen on Candy Digital’s marketplace, with the firm also tasked with developing the said...
eBay partners with Tezos-powered OneOf to launch the first NFT collection
The popular online marketplace has previously delved into NFTs, but this is the first instance of itself launching NFTs The digital collectibles will be centred around sports personalities E-commerce giant eBay announced on Monday it is unveiling an NFT collection ‘Genesis’ of non-fungible tokens, featuring animations of popular athletes, including ice hockey legend Wayne Gretzky. The NFT collection features thirteen digital collectibles available at different tiers. The launch is a joint venture with the NFT platform OneOf built on Tezos and Polygon. The companies confirmed that they would continue with the NFT drops beyond the ‘limited-edition’ digital collectibles. The NFTs will, however, focus on athletes featured on Sports Illustrated covers. There are four tiers – gree...
GameStop unveils beta cryptocurrency wallet and upcoming NFT platform
American electronics retail firm GameStop has taken a step into the world of cryptocurrencies, unveiling a proprietary blockchain wallet that will feature nonfungible token functionality. The GameStop Wallet will allow gamers to acquire, send and store Ether (ETH), ERC-20 tokens and NFTs through a self-custodial browser extension running on the Ethereum blockchain. A mobile application is also in the works. It’s official! The GameStop Wallet is here. Download: https://t.co/dK2dmRmwRI — GameStopNFT (@GameStopNFT) May 23, 2022 The wallet will run on Ethereum’s Loopring layer-2 scaling protocol designed for decentralized exchanges, which boasts of high throughput, low-cost trading and payment capability. Users will be able to download and install the wallet extension through the Chrome Web St...
Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate Bitcoin (BTC) to spend some time in a range before “a real breakout.” The seven-day moving average of the on-chain transaction volume tracked by Glassnode hit a nine-month low on May 23. This suggests that Bitcoin’s lackluster price action in 2022 has led to reduced participation from traders. Daily cryptocurrency market performance. Source: Coin360 While signs of a short-term recovery are visible, a sustained recovery could be difficult because the macro conditions remain challenging. International Monetary Fund managing director Kristalina Georgieva wrote in a blog post...
Bitcoin’s current setup creates an interesting risk-reward situation for bulls
The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds a tight range from $28,900 to $30,900. This pattern has been holding for nearly two weeks and could potentially extend for another two weeks before price makes a more decisive movement. Bitcoin/USD 12-hour price at Kraken. Source: TradingView For those unfamiliar with technical analysis, a symmetrical triangle can be either bullish or bearish. In that sense, the price converges in a series of lower peaks and higher lows. The decisive moment is the support or resistance breakthrough when the market finally decides on a new trend. Thus, the price could break out in either direction. According to Bitcoin derivatives data, investors are pricing higher odds of a downturn, but recent improvements in global economic ...
WEF 2022: Terra were offering unsustainable yields; DeFi can support financial inclusion
Reporting from the inaugural day of the Blockchain Hub Davos 2022 conference, Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr hosted a panel discussion centred around decentralized finance (DeFi) titled ‘Programmable Money is Here — and It’s Changing the World as We Know It’. Panelists included Chief Partnership Officer of SwissBorg, Alexander Fazel; Global Markets Lead of Kraken Europe, Lucian Aguilar; Co-founder and CEO of CasperLabs, Mrinal Monahar; and Managing Partner of Coral Capital, Patrick Horsman. In the opening remarks of the conversation, Aguilar reflected upon his attendance of the event two years ago, assessing the differences in receptiveness and attitude to crypto. He also noted how the prevailing narrative has evolved, stating: “Last time [there were] a lot of pr...
Alta Finance Launches Earn V2, Bringing Real Estate to Crypto
Lehi, United State, 23rd May, 2022, Chainwire Alta Finance (ALTA) announced the launch of its Earn saving protocol V2 to provide real estate yield to the DeFi community. “We are pleased to release this major update to our native Earn lending protocol putting us on an incredible trajectory to bring real estate into the crypto community,” said Jeremy Crane, CEO, and Founder of Alta Finance. “This product release will allow the crypto community access to a stable, long-term yield generated from innovative and exciting real estate assets while earning ALTA token rewards.” Alta Finance has an innovative approach beginning with their first product, the Earn lending protocol, and the ALTA token. Crypto investors can use their web3 wallets to lend crypto as well as earn bonus ALTA token rewards. A...
Must have DeFi tokens under $1
The Graph (GRT), 0x (ZRX), and Amp (AMP) are must have DeFi tokens under $1. Each token has undergone numerous developments and updates that could boost its value. AMP increased its trading volume by 80% which marked solid movements in the market The Graph (GRT), 0x (ZRX), and Amp (AMP) are some of the best decentralized finance tokens you can get on May 23, 2022. On May 23, 2022, Data Nexus became an indexer on The Graph protocol, which was an excellent addition to the broad ecosystem. On May 21, 2022, 0x announced that they have enabled over $160 billion in tokenized value across over 44 million trades. This is a showcase of how far this project has gotten thus far. The trading volume of AMP increased by 80% throughout the last 24 hours, as of May 23, 2022. Even in the toughest cryp...
Carlos Prada Announces New Products for DeFi Agency MasterBlox
lisbon, Portugal, 23rd May, 2022, Chainwire Portuguese financial analyst and crypto expert Carlos Prada has unveiled a major expansion of “masters of blockchain” agency MasterBlox. A full stack marketing company focused on the DeFi space, MasterBlox is the brainchild of blockchain evangelist and entrepreneur Prada, who saw a gap in the market for a turnkey solution. The rapid pace of DeFi evolution has spawned a highly technical industry whose jargon, working practices, and products are alien to conventional marketing agencies. MasterBlox Ecosystem, the company’s flagship package, provides high-end crypto solutions for VCs, market makers, multi-chain protocols, and other entities within the DeFi space. Carlos Prada has now shared details of a string of new products that will operate under ...
Do Kwon shares LUNA burn address but warns ‘LUNAtics’ against using it
The recent Terra revival plan announced by Do Kwon, the co-founder and CEO of Terraform Labs, received mixed reactions as many questioned the effectiveness of a hard fork in reviving the fallen prices of Terra (LUNA) and TerraUSD (UST) tokens. Instead, the part of the community recommended burning LUNA as the most plausible way to achieve a comeback. Kwon’s proposal to preserve the Terra ecosystem involves hard forking the existing Terra blockchain without the algorithmic stablecoin and redistributing a new version of the LUNA tokens to investors based on a historical snapshot before the death spiral. However, several crypto entrepreneurs, including Changpeng “CZ” Zhao, opined that: “Reducing supply should be done via burn, not fork at an old date, and abandon everyone who tried to rescue ...
WEF 2022: Ripple SVP says crypto winter provides an opportunity to build
Cointelegraph’s editor-in-chief Kristina Cornèr interviewed Brooks Entwistle, Ripple’s senior vice president (SVP) for global customer success at the World Economic Forum (WEF) at Davos, Switzerland, discussing his time in Ripple and the current “crypto winter” and what market participants should focus on. Having worked in prominent firms like Goldman Sachs and Uber, the Ripple SVP shared that his experience in Ripple has given him the opportunity to explore. In the past year, Entwistle shared that their team has been learning more about the industry to “understand what business models are working” and what can be improved. Entwistle also shared that the current WEF event in Davos has given him a chance to experience the country while the weather is nice. He said that this make...
