TA: Ethereum Gearing For Another Lift-Off to $3,500: Recovery Isn’t Over Yet

Ethereum started a downside correction from $3,400 against the US Dollar. ETH price is holding the $3,250 support and eyes a fresh increase above the $3,320 resistance. Ethereum started a downside correction from the $3,400 resistance zone. The price is trading above $3,250 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $3,250 support zone. Ethereum…

Bitcoin Price Starts Corrective Decrease, Can Bulls Protect Losses

Bitcoin extended increase above the $44,000 level against the US Dollar. BTC is correcting losses, but it might find support near the $42,000 support zone. Bitcoin climbed further higher above $44,000 before it faced sellers. The price is trading near $42,750 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $43,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting gains, but dips could be limited below the $42,000 level. Bitcoin Price…

Announcing our second developer grant winners

By Trent Fuenmayor, Program Manager, Coinbase Giving In August, we made a call for applications through our Crypto Community Fund focused on blockchain developers who contribute directly to a blockchain codebase, or researchers producing white papers. Today, we’re excited to announce the Fund’s second batch of developer grants to 6 recipients: AMIS Technologies, Josie, Escanor Liones, WeFuzz Research, and two developers funded through a partnership with Brink. All candidates demonstrated a consistent history of contributing to blockchains, as well as innovative ideas, and provided the Fund’s advisory board with a clear, actionable…

Inverse Finance (INV), Liquity (LQTY), Polyswarm (NCT) and Propy (PRO) are launching on Coinbase

Starting today Inverse Finance (INV), Liquity (LQTY), Polyswarm (NCT) and Propy (PRO) are available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store INV, LQTY, NCT and PRO in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro. Inverse Finance (INV) is an Ethereum token that powers Inverse Finance, a decentralized platform for lending, borrowing, and creating synthetic assets. INV is used to govern Inverse Finance products and…

All-Time Best-Selling Rapper Just Dropped US$462,000 On a Bored Ape NFT

In early 2022, Eminem, the 49-year old rapper, spent close to $462,000 to purchase a non-fungible token (NFT) of Bored Ape Yacht Club. He also bought the NFT that resembles him for 123.45 Ethereum, changing his Twitter avatar to a photograph of his “NFT self.” Put simply, an NFT is a form of digital art stored in a Blockchain, a digital ledger. In case the craze hasn’t been evident, other celebrities like Snoop Dogg, Jimmy Fallon, Grimes, and Tom Brady have also jumped on board. It’s been known that NFT…

A simple guide to the Web3 stack

Web3 is the latest buzzword to see an uptick in interest in recent months — What does it actually mean? Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Connor Dempsey, Angie Wang & Justin Mart. A lot of definitions have been thrown around, but at Coinbase, we generally think of Web3 as a trustless, permissionless, and decentralized internet that leverages blockchain technology. Web3’s defining feature is ownership. Whereas the first iteration of the commercial internet (Web1) was read-only for most users, and Web2 allowed users to both…

Chingari, and the impact of Web3 on social media

The Burning Question is a column that tackles some of the biggest questions in the intersection of science, technology, geopolitics and culture that shape the world as we know it. The column will soon be expanded into a newsletter, and you can subscribe here. Subscribers will receive updates via email, Telegram. Write to editor@theweek.in with comments, suggestions and questions.  In 2018, when short video application Chingari (currently #1 ranked in India on the Play Store in the social category) came to life, rival TikTok was in the dawn of its all-consuming growth trajectory.…

The Web3 infrastructure for data collaboration

The Public Onchain Database — or POD — is launching today to make working with metaverse data more easy and accessible. POD is a Web3 project that collaborates and manages all metaverse data (metadata) in a single interface for developers, builders and users. As the Metaverse expands, so do challenges in working with data across multiple locations. For the Metaverse to scale and decentralized applications (DApps) to function, there needs to be a reliable third-party data collaboration platform. POD meets those needs as the first comprehensive database for metadata. From…

Web3 Jobs Are on the Rise As the Talent War With Big Tech Begins

Web3 projects in the US are luring increasing levels of staff from tech giants like Apple and Meta. The phenomenon could be set to play out in Europe, where job ads for Web3 developers are rising. Bumper pay packages offer developers a lucrative and alluring reason to join Web3 companies. In the US, established tech firms have witnessed widespread defections by their staff to Web3 rivals. The lure of being part of the next big thing while also promising the prospect of enormous riches has helped shift talent out of…