crypto blog
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 ...
OpenEthereum support ends with the Merge fast approaching
One of the most popular Ethereum (ETH) clients, OpenEthereum has ended support for its software in preparation for the upcoming Ethereum Merge. OpenEthereum creates “clients” or software used to interact with the Ethereum network allowing anyone to create an Ethereum node to mine the cryptocurrency which is currently using a proof-of-work (PoW) consensus mechanism. In a Twitter thread the OpenEthereum team explained that with the Merge approaching and the legacy codebase becoming “increasingly difficult to manage” due to its age that it was the right time to end support. OpenEthereum support has officially ended. The repo is now archived, and all maintenance and updates have stopped. Why? And what next? Read the — OpenEthereum is Deprecated (@OpenEthereumOrg) May 24, 2022 The project was f...
Blockstream dreams up a whole new type of multisig called ROAST
The research unit of Bitcoin (BTC)-focused blockchain tech firm Blockstream has published a proposal for a new type of multisig standard called Robust Asynchronous Schnorr Threshold Signatures (ROAST). It hopes to avoid the problem of transaction failures due to absent or even malicious signers and can work at scale. The term multisig or multisignature, refers to a method of transaction in which two or more signatures are required to sign off before it can be executed. The standard is widely adopted in crypto. According to a May 25 blog post from Blockstream research, the basic idea of ROAST is to make transactions between the Bitcoin network and Blockstream’s sidechain Liquid more efficient, automated, secure and private. In particular, ROAST has been posited as a signature standard that ...
Google seeks fresh talent to lead global Web3 team
Following the establishment of a Web3 team under Google Cloud on May 6, tech giant Alphabet’s Google is now on the lookout for a full-time candidate to lead its Global Web3 marketing strategies. As seen on the job listing, the Google Cloud division opened up a ‘Head of Product Marketing’ role who will be tasked with raising awareness about Google Cloud’s Web3 initiatives in addition to eventually building customer demand for the related offerings. new: Google Cloud is forming a Web3 product and engineering organization that will build services for developers. new job postings have appeared on Google’s internal Grow tool, Amit Zavery is telling employees in an email today https://t.co/sLC8VlqgBf — Jordan Novet (@jordannovet) May 6, 2022 In an email shared with employees right before t...
Weak stocks and declining DeFi use continue to weigh on Ethereum price
Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13, according to data from Coinglass. Ether/USD 12-hour price at Kraken. Source: TradingView The worsening market conditions were also reflected in digital asset investment products. According to the latest edition of CoinShare’s weekly Digital Asset Fund Flows report, crypto funds and investment products saw a $141 million outflow during the week ending on May 20. In this instance, Bitcoin (BTC) was the investors’ focus after experiencing a $154 weekly net redemption. Russian regulation and crumbling U.S. tech stocks escalate the situation Regula...
ECB: One in ten households in eurozone population centers now own cryptocurrency
On Tuesday, the European Central Bank, or ECB, published the results of a new survey conducted in six eurozone areas; the Netherlands, Spain, Italy, Belgium, France, and Germany. Together, approximately 10% of respondents from the surveyed countries said they own cryptocurrencies. Out of this group, only 6% of respondents said they own digital assets worth more than 30,000 euros. Meanwhile, 37% of respondents said they owned up to 999 euros in crypto. Across all of the countries surveyed, investors in the fifth income quintile (or the wealthiest 20% of the population) consistently had the highest proportion of cryptocurrency ownership relative to other income groups. The Consumer Expectation Survey asked adults aged 18 to 70 if they or anyone in their household owned financial assets in va...
Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates
As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the United States Federal Reserve after the central bank was slow to respond to rising inflation early on. Financial markets are currently experiencing their worst stretch of losses in recent history, and it doesn’t appear that there is any relief in sight. May 24 saw the tech-heavy Nasdaq fall another 2%, while Snap, a popular social media company, shed 43.1% of its market cap in trading on May 23. This past couple of months have been absolutely brutal for the markets… 8 consecutive weeks of red candles in the #SPX, #NASDAQ and #BTC… no significant bounces pic.twitter.com/hgU2VwIoxh — Crypto Phoenix (@CryptoPheonix1) May 24, 2022 Much of the recent turmoil again c...
Sam Bankman-Fried could spend up to $1B in 2024 to thwart Trump comeback
The billionaire founder and CEO of theFTX cryptocurrency exchange Sam Bankman-Fried has revealed he intends to spend anywhere between $100 million and $1 billion to help influence the 2024 United States presidential election campaigns. In a podcast interview on May 24 Bankman-Fried was asked how much money he might donate during the next presidential election cycle, answering he’d give “north of $100 million” with a “soft ceiling” of $1 billion if he were to bankroll the person running against former president Donald Trump. “I would hate to say hard ceiling because who knows what’s going to happen between now and then.” According to the government watchdog OpenSecrets, which tracks data on campaign finance and lobbying, a $1 billion donation would break existing records multiple times over...
New NFT Marketplace ‘Golom’ Loaded With Analytical Tools Announces Genesis Period
Dubai, UAE, 24th May, 2022, Chainwire Recently launched NFT trading platform Golom has announced its genesis period from 25th May until 25th of June 2022 followed by an Airdrop. Created by a group of NFT traders and developers, the new platform is set to offer a flat trading fee of 0.5% on the transactions.100% of the trading fee goes to the stakers with a curve-like staking mechanism. It also allows users to decide what royalty they want to pay. For example, they can pay more royalties if they like the progress of the project. https://twitter.com/golom_io/status/1527323066938040320 Decentralized at the core According to Golom’s Twitter announcement, Golom offers a permission-less base protocol to the Ethereum ecosystem that promotes decentralisation. The order books are made publicly avai...
