crypto blog
Time Studios talks legacy media and the rise of NFTs
Cointelegraph spoke to Keith A. Grossman, President at TIME, about the legacy media company’s recent moves into the Web3 space. According to Grossman, TIME seeks to “modernize the relationship our brand can have with its community.” Some of these moves include creating 1:1 NFTs of their flagship magazine covers, the option for digital subscribers to pay in crypto, and the launch of their TIMEPieces NFT project collaborations. Grossman stated that an important result of all of these initiatives is the “opportunity to tap into the great creativity emerging within the NFT community and connect this with the larger distribution channels we have already established via TIME Studios.” One artist that has connected with TIME Studios, the TV and film production division of TIME, is Doug, the artis...
Price analysis 2/23: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT
Bitcoin (BTC) and several altcoins have bounced off their immediate support levels after buyers attempted to arrest the current decline. Bloomberg Senior Commodity Strategist Mike McGlone highlighted in a recent Tweet that Bitcoin was trading roughly 20% below its 50-week moving average and such discounted levels have “often resulted in good price support.” The bearish price action of the past few days does not seem to have deterred the institutional traders from accumulating at lower levels. According to CoinShares’ Feb. 22 “Digital Asset Fund Flows Weekly” report, institutional investors pumped about $89 million into Bitcoin funds between Feb. 14 and Feb. 18, taking the total inflows in the current month to $178.3 million. Daily cryptocurrency market performance. Source: Coin360 Crypto t...
If you are interested in HODLing tokens, ETH, SOL and AVAX are the best tokens you can get right now
Ethereum’s value saw an increase of 5% in the last 24 hours. Solana’s value also increased in value within the last 24 hours by 8%. Avalanche saw the highest gains within the last 24 hours, with an increase of 12%. HODLing as a strategy has become popular among cryptocurrency enthusiasts due to the fact that it describes a long-term approach in terms of cryptocurrency investing. The main strategy implemented here is where investors essentially hold on to their cryptocurrency investments, despite the falls in price, with the eventual goal and hope that the token will get back up in value. Should you buy Ethereum (ETH)? On February 23, 2022, Ethereum (ETH) had a value of $2,722.04. In terms of the all-time high value of the token, Ethereum (ETH) had a value of $4,878.26 on November 10, 2021....
Singapore-based crypto exchange Bitrue to debut ADA base pairs
The Singaporean crypto exchange intends to introduce ADA as a base currency for tokens, including SOL, AVAX, and MATIC Bitrue has shown commitment to advancing growth in the Cardano network through a series of initiatives Singapore-based Bitrue crypto exchange, popular with Ripple’s XRP, has become the latest entity in the crypto sector to launch an initiative to propel the growth of Cardano. The crypto exchange announced yesterday that it would be adopting Cardano’s ADA as the sixth spot trading base currency. With the announcement, the first ADA pairs will go live tomorrow, 24th February. These will include pairs for ETH, SHIB, XDC, MATIC, SOL, AVAX, LTC, GALA, ICP, and MANA. Users will gain the ability to use a flurry of features that come with the said trading pairs – such ...
JP Morgan’s Christine Moy resigns, latest exec to flee Wall Street for crypto?
The inexorable flow of workers handing in their notices has become known as the Great Resignation. Over 33 million Americans quit their jobs between spring 2021 and end of year, with the graph below showing visually quite how stark the trend has been in historical terms. Via FRED St. Louis Pandemic Effects The pandemic has ushered in a completely new way of working. Employees have realised quite how un-fun sitting in traffic is for two hours each day, or how much they dislike packing into a rush-hour subway, their face brushing up against the sweaty armpit of a 6”4 guy (why is there always somebody without deodorant?). People enjoy flexible hours (especially with children in the picture) and an employer that cares about their desires. Personally, I thank a higher power every mo...
FC Barcelona turns down sponsorship offers from crypto brands
Several entities in the crypto sector presented offers, but the football club turned them down The Catalan club is said to be in the final stages of sealing a deal with Spotify Cryptocurrencies have gained mainstream adoption over the last couple of months, leading to an intersection between the industry and other niches. Notably, cryptocurrency firms and brands have injected huge sums into various sports, especially in the US and Europe. For the former, crypto platforms have targeted the major professional sports leagues, including the NBA and MLB. In Europe, crypto entities have eyed top professional football clubs as they guarantee a lot of exposure crucial for brand awareness. Earlier this month, Tezos announced an agreement with Premier League club Manchester United that will see the ...
Brazil tables crypto bill moving a step closer to regulating the sector
Yesterday, the Brazilian Senate’s Economic Affairs Committee (CAE) approved a crypto regulation bill The legislation would regulate the everyday use of crypto, define a virtual asset, and the provisions for a VASP Brazil has set itself on a path towards regulating cryptocurrencies in the country. According to an official statement sent out on Tuesday, the Senate’s Economic Affairs Committee (CAE) unanimously approved a piece of legislation to regulate cryptocurrencies in the Latin American country. The bill, tagged PL 3825/19, was jointly created by the Federal Tax Authority (RFB) and the Brazilian Securities and Exchange Commission (CVM). It now heads for a vote in the Senate, then into the lower house. If approved at these stages, it shall be presented before President Jair B...
Canada to host Bitfury’s new 28MW crypto mining facility
Blockchain company Bitfury announced the launch of a new crypto-mining data center in Ontario, Canada. The new crypto mining center adds to the list of existing Canadian sites currently operating in Drumheller, Alberta and Medicine Hat. Bitfury partnered with Hut 8 Mining, a Toronto Stock Exchange-listed Bitcoin (BTC) mining company, to set up mining operations across North America. The new crypto mining facility in Ontario is expected to operate at 16 megawatts (MW) by the end of this month. Bitfury mining facility in Medicine Hat. Source: Hut 8 According to the announcement, Bitfury has plans to add 12MW capacity in the coming months, which will bring up the total capacity of the mining facility to 28MW by May end. However, the company highlighted that the facility could be potentia...
Ethereum to $10K? Classic bullish reversal pattern hints at potential ETH price rally
Ethereum’s native token, Ether (ETH), could reach above $10,000 in the coming weeks as it paints what appears to be an “ascending triangle” technical pattern. Ether’s price technicals: Bullish signs Ascending triangles are bullish continuation setups that appear during an uptrend. Analysts confirm their presence after the price rises upward inside a rising right-angle triangle structure, thus forming a sequence of lower highs on the lower trendline with resistance in place at the upper one. As the pattern develops, volumes typically drop. So far, Ether has been forming a similar upside pattern on its weekly chart. In detail, the triangle’s lower trendline has been acting as an accumulation range since the beginning of 2021, with high selling pressure at the upper trendline, as shown b...
Total stablecoin supply hits $180 billion: Report
Move aside Bitcoin (BTC), stablecoins are holding the spotlight. Crypto research outlets Arcane Research and CryptoRank confirm that the stablecoin supply has hit the milestone amount of $180 billion. The growth in stablecoins continues to outpace the rest of the market, up 6% in the past 30 days. In times of market volatility, stablecoins can offer price stability, backed by specific assets or algorithms. Source: CryptoRank Over the month of February, three stablecoins entered the top 10 coins by market capitalization as Binance USD (BUSD) briefly entered. According to Arcane Research, the three largest stablecoins, Tether (USDT), USD Coin (USDC) and BUSD now account for a total of “9% of the total crypto market cap.” Plus, while volatility reigns proud, the stablecoin sup...
Crypto community welcomes Ethereum zkSync testnet
zkSync, a provider of zero-knowledge blockchain solutions, has announced the successful deployment of its Rollup protocol on the Ethereum (ETH) testnet. The deployment is seen as a positive development by proponents of Ethereum, as it removes the need for human operators to validate transactions. Last year, the creators of zkSync described their vision for a permissionless, Turing-complete rollout that allows decentralized applications (DApps) to be deployed in a low-cost and scalable layer-2 environment. Users will supposedly have “a better” experience on this network, according to the official announcement by Matter Labs. One of the major issues when utilizing the Ethereum blockchain is its prohibitively high gas fees. As a result, many users and developers have mig...
Coinbase Wallet now supports Ledger Hardware Wallets as it aims for additional security
The launch also comes with co-branded Nano X Coinbase Edition wallets available for a limited period The partnership is part of Ledger’s push to evolve into a software-focused firm Crypto exchanges have been ramping up security efforts against the threat of losses, and Coinbase, the largest crypto exchange in the US, is the latest name to take action in this regard. The crypto exchange confirmed yesterday that it had added support for the Ledger Hardware Wallets onto its Coinbase Wallet browser extension. Coinbase and Ledger have shown an insistence to enhance security as users can benefit greatly from an additional layer of protection. Hardware wallets such as Ledger’s enable self-custody as they are cold crypto wallets that store user private keys. These wallets can only be accessed offl...
