Crypto news
Nifty News: Hyundai partners with Meta Kongz, Activision surveys on NFTs, and more
South Korean automobile manufacturer Hyundai announced today, April 18th, that it has partnered with the Meta Kongz NFT project to create a limited collection of 30 NFTs launching sometime in May 2022. Hyundai also created a new Twitter handle @Hyundai_NFT for its NFT-related communications and posted a video showing an animated Meta Kong riding through space in a 1975 Hyundai PONY. Hyundai x Meta Kongz introduces Hyundai Metamobility universe. Check out this aweeeesome creature’s breathtaking adventure with Hyundai PONY.@Hyundai_Global @meta_kongz pic.twitter.com/w0iLPHxe5d — Hyundai_NFT (@Hyundai_NFT) April 17, 2022 Included in the announcement was a teaser for a further “Shooting Star NFT” with a cryptic explanation that it is a “ticket to a whole new world” and might lead to “new NFTs”...
Bitcoin holds $40K over Easter but thin liquidity, ‘capitulation’ risk haunt traders
Bitcoin (BTC) chose compression over the Easter weekend, sparing nervous traders a fresh dive below $40,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Derivatives traders take no risks Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a narrowing range with $40,700 as its ceiling Saturday and Sunday. The pair saw little action as the holiday period began, with United States equities markets off from Good Friday onwards, allowing crypto to avoid correlation-based volatility. With Monday likewise a non-trading day, Bitcoin was set for four days of “out-of-hours” trading. While that meant its stocks correlation mattered less, there were other forces at play ready to spook sentiment. Market liquidity stayed lower than on workdays, a...
The world doesn’t need banks, policymakers or NGOs — It needs DeFi
Where I grew up, on the southern border in Texas, a tremendous number of people have come to the United States to work and send money back home. They don’t make much money, but they pay considerable fees on their transfers. Their focus is not on getting rich, but on supporting those back home in their native country. They support their families as they do hard labor day in and day out. It costs them too much to do so. Truth be told, my father was a migrant worker. He picked fruit in the fields. We sent money back to our family in Mexico. But the remittance providers chipped away at what little money he was able to make so that they had no hope of achieving the American Dream and prospering. The world needs DeFi due to corruption. Big governments and international corporations are controlle...
6 Questions for Lynn Liss of Akoin
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 Lynn Liss, the chief operating officer and co-founder of Akoin, a cryptocurrency and blockchain ecosystem designed to empower entrepreneurship and fuel rising entrepreneurs in Africa. Lynn Liss serves as chief operating officer of blockchain company and cryptocurrency Akoin, co-founded with global leader Akon. She is an operations executive and social impact leader driving financial revolutions, building empowering technology and business models, and forging strategy, partnerships and teams for massive social change. Steering Akoin’s mission to empower entrepreneurship and financial inclusion acros...
Top 5 cryptocurrencies to watch this week: BTC, XRP, LINK, BCH, FIL
Bitcoin (BTC) and most major altcoins have been relatively quiet during the holiday period from Good Friday onward. This suggests that cryptocurrency traders are not initiating large bets during the period when the U.S. equities markets are closed. That could be because of the tight correlation between Bitcoin and the S&P 500 and the uncertainty about the equity market’s performance in the next week. While some analysts expect weakness in the near term, others believe that Bitcoin could be in a consolidation phase with a large portion of its upside in the four-year halving cycle yet to come. Josh Olszewicz, head of research at alternative asset management firm Valkyrie, said: “Interesting. Maybe we never got the blow-off top…because it hasn’t happened yet.” Crypto mar...
AMC Theatres mobile app accepts Dogecoin, Shiba Inu and more
AMC Theatres, an American pro-crypto movie theater chain, updated its mobile app services to accept Dogecoin (DOGE), Shibu Inu (SHIB) and other cryptocurrencies as payment across the United States. AMC Theatres first started accepting crypto payments back on Nov. 12, 2022, which allowed customers to purchase movie tickets online using Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). On Jan. 6, 2022, Adam Aron, the CEO of AMC Theatres, promised users via a tweet to include meme tokens DOGE and SHIB by March. While slightly delayed, Aron’s team delivered. Exactly as promised, the AMC mobile app for AMC’s U.S. theatres now accepts online payments using Doge Coin, Shiba Inu, and other crypto currencies — thanks to Bitpay. Also Apple Pay, Google Pay and Paypal. To d...
The integration of CeFi and DeFi through Binance Bridge 2.0
DeFi is driving the development of cutting-edge Web3 use cases such as nonfungible tokens (NFTs), gaming and the metaverse. With the Binance Bridge 2.0, DeFi can be brought to a broader audience worldwide while maintaining the same smooth user experience as CeFi. Most of the “DeFi” ecosystem relies on centralized services because of convenience, which enables us to understand where the traditional world of centralized banking and the new world of decentralized money might intersect to everyone’s benefit. Binance, with its first bridge, made it possible to bridge assets listed on Binance.com to other blockchains. To integrate CeFi and DeFi, the Binance Bridge 2.0 comes to the rescue by allowing you to wrap ERC20 tokens to BEP20 BTokens and start staking your Ethere...
An open invitation for women to join the Web3 movement
There’s no denying the current narrative about Web3: it’s a boys club. And, if we keep affirming this narrative, it’s bound to come true. The truth of crypto as a boys club won’t just be detrimental to women — it’ll be detrimental to the entire promise and growth of Web3. Web3 is not an exclusive club designed to keep people out. It’s a rising-tide-lifts-all-boats party that gets better every time someone new joins. The more people involved, the better the outcomes for everyone. My introduction to crypto came early: It was 2013, and I’d been invited to a small get-together at SXSW in Austin to debate tech and trends — specifically, Bitcoin (BTC). I was the only woman in that group. Many of us knew nothing about Bitcoin, but over the course of the evening, we were invited to get...
DOGE price analysis hints at 30% drop despite Elon Musk’s Twitter bid
The brief Dogecoin (DOGE) price rally last week following Tesla CEO Elon Musk’s bid to buy Twitter appears to be fizzling out as DOGE closes the week over 8%. DOGE’s price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest, raised its potential to trigger a classic bearish reversal pattern with an 85% success rate of reaching its downside target. DOGE price eyes drop under $0.10 Dubbed head and shoulders (H&S), the pattern appears when the price forms three peaks in a row, with the middle one, called the “head,” in between the other two, which are of almost equal height, and are thus called the left and right “shoulders.” These three peaks hold above a common support ...
Crypto Biz: An eye-opening chat with Mr. Wonderful, April 7–13, 2022
The past seven days have reminded me of how lucky I am to have forged a career in the Bitcoin (BTC) and cryptocurrency industry. Cointelegraph sent a contingency of reporters to the Bitcoin conference in Miami, where we got to chop it up with billionaires, business leaders and hedge fund managers. I had the privilege of sitting down with Canadian businessman and Shark Tank star Kevin O’Leary, who actually revealed most of his crypto portfolio. I also got to interview Bloomberg’s senior commodity strategist Mike McGlone, who shed light on crypto market volatility, as well as Mark Yusko of Morgan Creek Capital. Yusko and I laughed at traditional 60/40 portfolio strategies, and I got to ask him a curious question: Who in their right mind is buying bonds today? This week’s Crypto Biz giv...
DAO regulation in Australia: Issues and solutions, Part 3
Lawmakers in Australia want to regulate decentralized autonomous organizations (DAOs). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions. Crypto anarchy is unlikely to be the future that the majority of people support. Company regulation, in its essence, has a lot of positive aspects or at least, a good intention, albeit one often embodied in a red tape that stifles business. Nevertheless, nowadays, corporation rules and regulations are formalized to the extent that they could be put in the machine code. So, the role of the government is to establish mandatory standards for those DAOs that would like to operate in the Australian market. [embedded content] Non-digital There are cases when a written legal tex...
The future of the internet: Inside the race for Web3’s infrastructure
People interact with open-source applications like MetaMask, Web3 games, the metaverse and DeFi protocols every day but don’t often stop to think about what happens in the background for it all to work. If we think of Web3 as a burgeoning new city, node infrastructure providers are the underlying power grid that makes operations possible. All DApps need to communicate with blockchains, and full nodes serve billions of requests from DApps to read and write data to chains every day. We need a huge node infrastructure to keep up with vastly expanding DApp ecosystems and serve all of the requests. However, running nodes is very time and capital intensive, so DApp builders turn to providers for remote access to nodes. There is a massive monetary incentive for infrastructure providers to power a...
