crypto blog
ApeCoin retraces as Ethereum Classic maintains upward momentum into the new week
Ethereum Classic (ETC) and Algorand (ALGO) up more than 6% in the last 24 hours ApeCoin price has slid approximately 10% as the token struggles to find stability just above $10 The majority of crypto assets came off the weekend trading either around their support zones or slightly in the red. The market has remained a mix of green and red but a few alts have notably been caught in the extremes. Bitcoin hovering around $41k, Ethereum pushing to break above $3k Bitcoin, the largest cryptocurrency by market capital, has continued with its slow run in the last 24 hours, swinging around $41,300. A sharp fall of over $1,000 from a 24-hr high of 41,680 to $40,668 earlier today appeared to threaten the calm in the market but the flagship crypto managed to shake off the plunge and has since risen t...
Deloitte 2021 Global Blockchain Survey: 76% of respondents believe digital assets are a strong alternative to, or outright replacement for, fiat currencies
Pre-COVID, cryptocurrency was still a relatively unknown commodity in mainstream circles and to average consumers. Two years into the pandemic (or post-pandemic, can we say???), that has changed entirely. Deloitte’s 2021 global blockchain survey highlights the extent of crypto’s emergence – and this survey was conducted only one year into the pandemic, in March/April 2021. Note: “FSI Pioneers” are respondents whose organisations have already deployed blockchain activities into production and/or integrated digital assets into their core business activities Remarkably, 76% of respondents believe that “digital assets will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years”. That’s quite a staggering number and one that really surprised u...
If you are looking for cryptocurrency tokens to buy on a budget these are the best $1 tokens
ADA, TRX, ALGO, and XLM are the best tokens you can get under $1. Each token has huge potential for growth, and some of them might surpass the $1 value point. All tokens are from solid cryptocurrency projects which have seen several developments. Cardano (ADA), TRON (TRX), Algorand (ALGO) and Stellar (XLM) are all solid tokens you can buy for under $1. We are going to go over each token as a means of showcasing what kind of potential for growth they have. Should you buy Cardano (ADA)? On March 21, 2022, Cardano (ADA) had a value of $0.89. Cardano (ADA) had its highest point of value on September 2, 2021, when the token reached a value of $3.09. Cardano (ADA) had its highest point of value on February 8, with a value of $1.24. Its lowest point of value was on February 24, when the token dec...
Malaysian comms official calls the state to legalize crypto and NFTs
The Malaysian Ministry of Communications and Multimedia (KKMM) is reportedly backing the adoption of cryptocurrencies, with the deputy minister calling the government to legalize crypto. Deputy communications and multimedia minister Datuk Zahidi Zainul Abidin has urged Malaysia’s regulators to legalize certain use cases of cryptocurrencies and nonfungible tokens (NFT), local news agency Harian Metro reported on Monday. Zahidi pointed out that such measures would significantly support young people as the cryptocurrency industry has been growing increasingly popular among the younger generation. He also said that the KKMM is exploring ways to increase the participation of young people in the industry. The deputy minister noted that the decision on crypto regulation is up to Malaysia’s financ...
SushiSwap community proposes Swiss legal structure to limit DAO liability
SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol. Sushi’s new legal structure will be based on a community-approved proposal from Mar. 20 that cited the need for an association or foundation to help provide legal clarity and administrative support for SushiDAO. Proposal: Sushi Legal Structure To form an association or a foundation for Sushi DAO in order to provide clarity regarding the rights and obligations of token holders and contributors and limit their liability and mitigate the future risk.$SUSHI https://t.co/SHpKcpvjqP — veRSK (@KartelCrypto) March 20, 2022 According to the proposer and a member of the SushiSwap community, Tangle, th...
Chinese internet giants remove NFT platforms fearing gov’t crackdown
China’s leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack of regulatory clarity and fearing government crackdown. Chinese social media giant WeChat reportedly removed several digital collectible platform accounts for violations of the rules. Digital collection platform Xihu No.1, one of the hyped NFT projects in the market, was among the removed platforms. Another platform called Dongyiyuandian revealed that its official app has been banned, reported a local daily. WhaleTalk, a digital collectible platform launched by tech giant Ant group, also updated its policy to increase the penalty for using an over-the-counter (OTC) desk for trading NFTs. It is important to note that even though NF...
Turning losses to wins: How a Ponzi victim became a crypto evangelist
Losing money to a Ponzi scam is not the ideal introduction to the crypto ecosystem. Thankfully, Mark Dave Manansala gave crypto and blockchain a second chance and discovered a new passion. It all started when Manansala was invited by an acquaintance to join a very popular crypto project in 2017. The project’s team asked him to create a video of himself in exchange for free tokens. After this, he was advised to reinvest the gains. Baited by the high returns, Manansala ended up investing more money into the scheme only to discover that it was a scam. “After studying and putting my money in for about three months, it became clearer that it was a scam. I did what a can to recover and pull out what I could, and I was able to save some of the investments before their token totally crashed.” When...
Top 5 cryptocurrencies to watch this week: BTC, LUNA, AVAX, ETC, EGLD
Bitcoin (BTC) rose above $42,000 on March 19 but the bulls continue to face a strong challenge from the bears at higher levels. Although Bitcoin’s price has recovered from $37,578 on March 13, Cointelegraph market analyst Marcel Pechman highlighted that the long-to-short net ratio of top traders across three major exchanges shows that professional traders have not been buying aggressively. But while Bitcoin struggles at higher levels, select altcoins are showing strength. Twitter account BTCFuel anticipates that altcoins could be entering “the final leg up of the hype phase” and may peak in the Summer. Crypto market data daily view. Source: Coin360 Glassnode data shows that investors have withdrawn roughly 550,000 Ether (ETH) from centralized exchanges year-to-date. Due to the outflo...
SXSW 2022 showcased immersive NFT experiences, lacking crypto and Bitcoin sessions
South by Southwest — commonly referred to as “South By” or “SXSW” — has returned to Austin, Texas this year to showcase the latest trends in interactive media, music, art, film and technology. While SXSW runs through March 20, 2022, the entertainment and technology festival kicked off its first weekend with a large focus on Web3 and nonfungible tokens (NFTs). NFT activations and panels SXSW’s attendees’ interest in NFTs and the future of the internet was particularly evident at the venue hosted by Blockchain Creative Labs (BCL) — a business and creative unit formed by FOX Entertainment in 2021. On March 11, the first day of SXSW, a line consisting of hundreds of people wrapped around the streets of Fifth and Trinity in downtown Austin as SXSW badge holders anxiously awaited entrance to BCL...
Amid conflict, NFT projects already seek to rebuild Ukraine
The recent invasion of Ukraine has put the world in a state of uncertainty, turmoil and geopolitical risk. Volatility in the global financial markets has caused immense losses to millions of investors. With rising global inflation, fear of tapering liquidity, and increasing interest rates by the United States Federal Reserve, havoc is spreading across the global economy. Additionally, the delinking of SWIFT messaging services for leading Russian banks is causing concern among entrepreneurs in the nation while also impacting other economies with strong Russian trade ties. With Visa and Mastercard halting their Russian operations, there will be further untold consequences for the interoperability of their payment systems and the everyday citizens who rely on them. Amid all these uncert...
Bitcoin eyes highest weekly close since early February as BTC price hovers under $42K
Bitcoin (BTC) stayed the near top of its recent trading range on March 20 as the weekly close looked set to crack a multi-week high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekly close could set 4-week high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maneuvering around the upper $41,000 zone Sunday. Friday’s late surge had broadly held, and Saturday saw a return of $42,400 on Bitstamp, matching the high from the start of March. Now, the weekly chart looked set to deliver Bitcoin’s best weekly close since early February. BTC/USD 1-week candle chart (Bitstamp). Source: TradingView “This could change anytime, but frankly the Bitcoin price chart currently looks better than it has for quite a while now,” analyst Lyn Alden ...
6 Questions for John deVadoss of Neo and the Global Blockchain Business Council
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to John deVadoss, the head of development at Neo — an open-source blockchain development platform — and a governing board member at the Global Blockchain Business Council, an industry association for the blockchain technology ecosystem. I am proud to say that I build the best developer tools in the blockchain industry for N3. I also build the tools for the Token Taxonomy Framework as part of the Global Blockchain Business Council, where I serve as a governing board member. In addition, I serve as co-chair of IEEE Blockchain. Previously, I was a co-founder of the InterWork Alliance, which is now part o...
