Crypto
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Inu & meme equivalent to Cleverminu token launched with 1 trillion IMO sale
London, UK, 31st October, 2022, Chainwire Cleverminu, a hybrid meme and Inu token, has shared details of its much-anticipated token sale. The public event has seen 1 trillion CLEVERMINU tokens made available to establish a decentralized economy powered by its users. The token sale began on October 27 at 9:00 UTC, supporting price discovery and distributing CLEVERMINU to a global user base. Part of a decentralized community network, Cleverminu’s native token combines the intricacy of Inu coins with the novelty of meme tokens. This results in a passionate and highly engaged community whose interests are centered around a thriving token-powered economy. Within the Cleverminu ecosystem, users have access to new features the moment they are shipped. These include forthcoming NFT functionality a...
Blockchain Association throws support behind Ripple in SEC duel
United States-based crypto advocacy group Blockchain Association has come out in support of Ripple Labs amid its ongoing legal battle with the Securities and Exchange Commission (SEC), claiming the case could be very important for the future of the crypto industry. In an Oct. 28 post, the advocacy group announced it will “stand” with the American crypto economy by filing an amicus brief, also known as “friend of the court,” in the SEC enforcement action against Ripple. Nearly two years ago, the SEC announced they were suing Ripple, former CEO Christian Larsen and current CEO Brad Garlinghouse in Dec. 2020 for allegedly raising $1.3 billion through unregistered securities sales through XRP (XRP). “This case, which is just one in a long line of SEC efforts to regulate by enforcement, h...
BTC price sees ‘double top’ before FOMC — 5 things to know in Bitcoin this week
Bitcoin (BTC) begins a key week of internal and macroeconomic events still trading above $20,000. After its highest weekly close since mid-September, BTC/USD remains tied to higher levels within a macro trading range. The bulls have been keen to shift the trend entirely, while warnings from more conservative market participants continue to call for macro lows to enter next. So far, a tug-of-war between the two parties is what has characterized BTC price action, and any internal or external triggers have only had a temporary effect. What could change that? The first week of November contains a key event that has the potential to shape price behavior going forward — a decision by the United States Federal Reserve on interest rate hikes. In addition to other macroeconomic data, this will form...
Here are top tips by the crypto community to get through the bear market
The crypto bear market of 2022 has wiped out more than 70% of the market capitalization from the top. The total crypto market cap breached $3 trillion at the bull market’s peak last year but currently struggling to remain above $1 trillion. At a time when the majority of the cryptocurrencies are moving sideways with no significant bullish momentum recorded in months, it can get a little frustrating, especially for those who jumped in at the market top in hopes of making some quick money. As crypto-winter worsens, the Reddit crypto community shared their coping mechanisms and some “serious” tips to remain on top of their mental health during this cyclic event. One Reddit user wrote that they are in it for the long term, thus, they ignore the charts and daily fluctuations. “I igno...
Boo! Halloween-themed shitcoins materialize to haunt crypto Twitter
The crypto community never shies away from deploying new cryptocurrencies that are themed on current events, and Halloween was no exception. The industry saw an influx of Halloween-themed cryptocurrencies hoping to cash in on the hype around the festivities. Halloween-themed cryptocurrencies have taken over the crypto ecosystem on Twitter, typically offering no real use case or future for investors. Projects like these have a track record of being sourced as an off-the-shelf product, which can be quickly renamed and deployed in the free market for trading. Our target is 50 millions market cap an 0.01$ price — Halloween Token (@CyberMetaWorld) October 28, 2022 Projects like Halloween Token, as shown above, came up just days before the occasion with the sole purpose of amassing $5...
Monero or Metacade: What Makes $MCADE so Unique?
As the war for dominance in crypto endures, investors are continually searching for the next big hitter to rocket from the depths. A new platform, Metacade, has been making some serious waves online, and from what we’ve uncovered so far, it’s set to create steep competition against even established cryptocurrencies. One such cryptocurrency is Monero. While attracting attention for its privacy utility, the Monero crypto coin is ultimately limited in that it can only ever be a store of value. $MCADE, on the other hand, is tied to a complete and self-sustaining platform, which utilises the utility token throughout. In this article, we’re putting the $MCADE token against the Monero coin, and exploring how its unique properties within Metacade help push it above and beyond what you’d expect. Wh...
Tech talent migrates to Web3 as large companies face layoffs
As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that over 700 tech startups have experienced layoffs this year, impacting at least 93,519 employees globally. It has also been reported that tech giants like Google, Netflix and Apple are undergoing massive job cuts. While many of these layoffs are likely due to an economic downturn, this has resulted in an overwhelming amount of talent flocking to early-stage Web3 companies. For example, Andrew Masanto, a serial entrepreneur who has founded a number of startups, told Cointelegraph that he recently launched Nillion, a startup specializing in decentralized computation, to help ensure privacy and confidentia...
The state of crypto in Northern Europe: Hostile Scandinavia and vibrant Baltics
Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the data on each and every member country from Portugal to Slovakia. As the original report counts more than 200 pages, Cointelegraph prepared a summary with the intent to capture the most vital information about the state of crypto and blockchain in Europe. Cointelegraph started from a group of countries that are usually labeled as Western European and continues with a review of Northern European states. Sweden Numbe...
An introduction to decentralized NFT catalogs
Over the last year, venture capitalists poured more than $4.6 billion into infrastructure and projects related to nonfungible tokens (NFTs). This infrastructure now needs users. They will come when people understand that they can apply these NFTs not just for speculative purposes but to design and structure their everyday activities. For these, they don’t need NFTs — they need to sort their lives out. And, decentralized catalogs are there to help them do it. We can think about an NFT as a book someone owns, and this ownership is recorded on the blockchain. But what we’re actually missing is the library. Not just a flower, but a garden Multiple NFTs making up a collection form a system. This system has a structure through the standards it uses. If you’ve ever visited CryptoKitties, you...
Bitcoin price due sub-$20K dip, traders warn amid claim miners ‘capitulating’
Bitcoin (BTC) climbed back to $20,500 at the Oct. 28 Wall Street open as United States equities sought a stronger finish to the week. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bets that $20,000 will fail as support increase Data from Cointelegraph Markets Pro and TradingView showed BTC/USD capitalizing on renewed optimism as markets began trading. The atmosphere was volatile after tech stocks suffered a major out-of-hours rout, with Bitcoin managing to avoid sustaining knock-on losses to the same extent. At the time of writing, the S&P 500 and Nasdaq Composite Index were both up around 1.3%. “In this current range bound phase after a prolonged downtrend,” popular trader CryptoYoddha summarized to Twitter followers. “Smart money/Institutional players aim to build up or...
FTX CEO dissects Mark Zuckerberg’s intent to pump $10B/year into Meta
Facebook’s rebranding into Meta was Mark Zukerberg’s latest attempt to retain dominance in the social media world of Web3, specifically, the Metaverse. On the occasion of Meta completing one year on the rebrand, Sam Bankman-Fried (SBF), the CEO of the crypto exchange FTX, shared his thoughts on the rebranding and what it means for the future of Meta. Zuckerberg’s $100 billion Metaverse experiment first raised eyebrows when the CEO released the avatar for Meta’s Horizon Worlds VR platform. Subsequent releases of the Zuckerberg avatar fell prey to internet memes, although each new iteration seemed visually better than its predecessor. According to Bankman-Fried, Facebook’s growth was not impacted by newer rivals such as TikTok. Rather, he argued that the company “stopped growing because, wel...
BTC price struggles at $21K as trader says ‘top is in’ for Bitcoin, Ethereum
Bitcoin (BTC) continued consolidating into the Oct. 30 weekly close as concerns over a deeper retracement became vocal. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader avoids new longs below $21,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling levels just below $21,000 on the day. Weekend trading had produced an early return above the $21,000 mark, this being short-lived as Bitcoin bulls failed to offer the volume to sustain higher levels. Now, popular pseudonymous trader and analyst il Capo of Crypto sensed a change of direction was ultimately due for Bitcoin and altcoins alike. Altcoins themselves had also performed strongly through the weekend, notably led by Dogecoin (DOGE), which was up another 25% in the past 24 hours at the time of w...
