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Look out below! Dogecoin risks further downside after a key support is tested
Dogecoin (DOGE) is potentially at risk of losing critical support if the price falls from the ascending channel traded in for the last 53 days. Although technical analysis is not an exact science, a daily close below $0.26 will likely invalidate the current movement. DOGE/USD price at FTX. Source: TradingView Aside from the Bitcoin (BTC)-driven headwinds, which are weighing on DOGE price, the meme token this week underwent a software upgrade, and users were requested to implement version 1.14.5. Two important security patches were involved: “Remote Code Execution in Dogecoin QT” (CVE-2021-3401) and “Sensitive Information Exposure on Unix platforms” (CVE-2019-15947). The latest release finalized a new minimum fee recommendation, following a previous version’s reduction of relay and min...
Wealth flex? Coinbase now allows users to share their crypto allocations
All of United States-based crypto exchange Coinbase’s roughly 68 million verified users can now more easily make information on their portfolio public. In a Coinbase blog post on Friday, senior product manager Rishav Mukherji said the crypto exchange’s app now includes a feature that shares a user’s allocation percentage — not balances — to their network of friends. He said this would just be the first move in the coming weeks for users to begin sharing additional details on trades conducted on Coinbase. “We want to empower the cryptoeconomy to share knowledge and information and learn from each other,” said Mukherji. With a reported 8.8 million monthly active users as of the second quarter of 2021, Coinbase is the largest crypto exchange in the United States, reporting more than $1.2 bill...
MyEtherWallet allows users to mint Ethereum blocks as NFTs
MyEtherWallet, or MEW, launched its first nonfungible token (NFT) collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Unique images associated with ETH Blocks are generated based on the block’s data. These NFTs are available exclusively to MEW users via the MyEtherWallet website. A number of blocks have already been claimed, according to the company. Ethereum’s founders called first dibs on blocks one through 10. There are also 13 ETH Blocks representing the history of Ethereum — such as major milestones, forks and updates to the blockchain — that have been put up for a month-long auction, the proceeds of which will be donated to organizations such as The Skid Row Housing Trust, Wikipedia, Girls Who Code and NPR, among others. C...
Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0
The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem. As time progressed, other consensus models like proof-of-stake (PoS) rose in popularity, especially as the cost of running mining rigs, the constant need to update equipment and environmental concerns led to the PoW model falling out of favor with many. As a result, projects looking to employ a proof-of-work model have had to adapt to stay aligned with the demands of the wider market. This has led to the emergence of projects that offer a more environmentally and economically friendly approach to PoW, while also aiming to build Web 3.0. Let’s take a...
It’s Time for the Country Music Association to Show Not Tell (Guest Column)
Like most things in American culture, country music actually has strong Black American influences. Instruments such as fiddles and harmonicas can be traced back to Black communities in the antebellum South. Additionally, the banjo, a staple in country music, originated in West Africa. The history of the Black cowboy has effectively served as a staple symbol of the country music industry and culture. However, the genre has been whitewashed and appropriated thanks to gatekeepers like the Country Music Association. Black people have been systematically excluded from country music to the point where they are often berated and persecuted for even participating in the industry. From experiences with fans to the music labels, Black country artists recount being called rac...
How traders can use Twitter to anticipate altcoin price moves
When crypto traders win big, they often take to Twitter to share the joy. They tend to do the same for sharing painful stories of getting wrecked, discussing promising new assets, or sharing insight and predictions on which projects can become the next big thing. Sometimes these waves of social attention can even create positive feedback loops whereby the tokens that command the chatter see their prices soar precisely for that reason. The volume of tweets referencing a particular asset can indicate a lot of different things. This month, the five tokens that saw the greatest month-to-month increases in daily tweet volume — Loopring’s LRC, NuCypher’s NU, Enjin Coin (ENJ), ANKR and The Sandbox’s (SAND) — also saw some of the heftiest monthly gains. This in itself is not at all shocking, as th...
Ethereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel
Ethereum’s native token, Ether (ETH), could see yet another strong rebound in the sessions ahead as its price falls into a trading zone with a recent history of attracting buyers. The rising trendline has been triggering ETH’s price rebounds since the beginning of October and comes as a part of a broader ascending channel range. ETH/USD 4-hour price chart featuring the ascending channel setup. Source: TradingView As a result, Ether’s path of least resistance has been to the upside despite pullbacks at the channel’s upper trendline, with its quarter-to-date returns currently sitting at over 38%. Most recently, the rising trendline was instrumental in limiting sell-offs that followed Ether’s rally to a new record high above $4,870. That prompted analysts to expect another strong price r...
Report suggests BlackRock has ‘no current plans’ to launch crypto ETF as deadline for VanEck’s offering approaches
BlackRock Financial Management’s global head of iShares and index investments said the financial firm will likely not be launching exchange-traded funds (ETFs) linked to crypto assets anytime soon. According to a Friday report from Financial News, BlackRock executive Salim Ramji said the firm with $9.5 trillion in assets under management has “no current plans” to launch a cryptocurrency exchange-traded fund until there was additional regulatory clarity in the United States. He added that BlackRock would be unlikely to be among the first in this emerging market for investments with exposure to crypto, but the firm needed to practice due diligence. “Before we wrap or put our brand on [crypto], we want to be certain that clients are going to be happy with us five years from now, 10 years from...
SEC rejects VanEck’s spot Bitcoin ETF as BTC price falls below $63K
The U.S. Securities and Exchange Commission, or SEC, has officially disapproved asset manager VanEck’s spot Bitcoin exchange-traded fund months after the firm submitted its application. According to a Nov. 12 filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of VanEck’s Bitcoin (BTC) Trust. Specifically, the SEC said any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.” “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section,” said the SEC, adding: “It is essential...
Top 3 exchange tokens to buy on November 12: CRO, FTT, and KCS
Crypto.com Coin, FTX Token, and KuCoin have huge potential for growth throughout November. Each of these tokens has experienced a decrease in value, which has put them at the perfect spot for new buyers. As these exchanges grow in popularity, so will the value of their native tokens. Crypto.com Coin (CRO) is the native cryptocurrency token used on the Crypto.com Chain. FTX Token (FTT) is the exchange token used within the FTX Ecosystem. The KuCoin Token (KCS) is the native cryptocurrency token of KuCoin. As the usage of all of these exchanges grows, so will the value of their native cryptocurrency tokens. Should you buy Crypto.com Coin (CRO)? On November 12, Crypto.com Coin (CRO) had a value of $0.3395. To get a better perspective as to what kind of value point this is for the token,...
Discord drops Ethereum and NFT integration plans after backlash
Popular community messaging app Discord has been forced to walk back its integration plans with Ethereum (ETH)-based NFTs following strong backlash from a significant number of its user base. The pushback started on Nov. 9 after Discord’s founder and CEO Jason Citron tweeted “probably nothing” accompanied by a screenshot of the app’s user settings page that displayed an ETH logo and option to connect digital wallets such as MetaMask and Wallet Connect. Citron was then bombarded with thousands of comments calling on him to abandon the plans along with users threatening to cancel Nitro subscriptions. The crypto-skeptics asserted that NFTs are a Ponzi scheme and damaging to the environment due to the amount of energy consumption used to mine cryptocurrencies. I kindly request that you to not ...
‘Willing to break the mold’: Bored Apes form Gorillaz-style band for Universal
A virtual band made up of four expensive cartoon apes from the Bored Apes Yacht Club NFT collection is hoping to become the next big hit in the music industry. The primate band called KINGSHIP will put out music, perform in the metaverse and release plenty of NFT collectibles. It takes inspiration from Gorillaz, Damon Albarn’s cartoon band. Major music label Universal is backing the unique act and KINGSHIP will join its stable of artists alongside Billie Eilish, Queen, Taylor Swift and Nirvana. gm! pic.twitter.com/Jqkvy9Bd2P — KINGSHIP (@therealkingship) November 11, 2021 The highly collectible 10,000 NFTs in the Bored Ape Yacht Club have been fetching increasingly expensive prices this year. Last month more than $95 million USD worth of Bored Ape NFTs were sold, for an average price of $1...
