Day: March 15, 2022

The gender gap that needs to be addressed

Arnold Kirimi

Nonfungible tokens (NFTs) have received a lot of media attention, but experts agree that their impact will go beyond selling digital artwork or tweets and alter how people communicate ideas forever. Despite its promise of shattering the mold, the worldwide NFT market is just as pale, male and old-fashioned as the conventional art industry. The most recent statistics indicate only 16% of NFT creators are women — a startling gender disparity that reflects the underrepresentation of women in today’s NFT ecosystem. According to a survey conducted by Art Tactic and…

Ethereum Back to Square One, Why ETH Could Surge Again

Aayush Jindal

Ethereum rallied above $2,650 against the US Dollar. ETH price failed to settle above $2,700, trimmed gains, and now consolidating near $2,620. Ethereum started a fresh increase above $2,600, but it faced sellers above $2,700. The price is now trading above $2,600 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $2,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating above $2,600 and might start another increase in the near term. Ethereum Price…

SCMP Spinning Off NFT Business Into New Firm ‘Artifact Labs’

Anthony B

Media organizations are always looking for new sources of revenue beyond selling ads against print copy. Hong Kong’s South China Morning Post appears to have found one in selling Non Fungible Tokens (NFTs) of its front pages from historical events, and has such confidence in the business that its spinning it off into its own division called Artifact Labs. Author: Sam Reynolds Source link

Truth or fiction? Popular former hacker claims to have $7B in BTC

Brian Quarmby

A former blackhat hacker who goes by the name Gummo online claims to have amassed around $7 billion worth of Bitcoin (BTC). Despite a flood of positive comments and posts relating to his interviews with the Soft White Underbelly YouTube channel — which has 3.18 million subscribers — information about Gummo is scarce elsewhere, which could either be by design or suggest that a large pinch of salt may be required when listening to his extravagant claims. He said that he has been working in the field for more than…

‘Unlucky:’ Agave and Hundred Finance DeFi protocols exploited for $11M

Jesse Coghlan

A hacker has made off with approximately $11 million in wrapped ETH (wETH), wrapped BTC (wBTC), Chainlink (LINK), USD Coin (USDC), Gnosis (GNO) and wrapped XDAI (wxDAI) after using a “re-entrancy” attack on decentralized finance (DeFi) lending protocol applications Agave and Hundred Finance. The attack comes within 24 hours of the news breaking of the Deus Finance exploit, where hackers stole over $3 million in Dai (DAI) and Ether (ETH) from the lending contract platform. Agave token AGVE dropped by 20% following the attack, according to data from CoinGecko. Hundred…

TOONSUTRA Indian Webtoon + Web3 Startup Closes Pre-Seed

Anthony B

BANGALORE, India, March 16, 2022 (GLOBE NEWSWIRE) — TOONSUTRA, the India-focused mobile webtoon startup that has been incubating in stealth mode, announced it closed an oversubscribed pre-seed round for US$1.1 million. The new startup was incubated at leading character entertainment company Graphic India and was founded by media entrepreneur Sharad Devarajan.  TOONSUTRA is building India’s first “Webtoons meets Web3″ platform with a mission to become India’s new storytelling home for disruptive creators across the country to experiment, innovate and create engaging webtoon comic stories and digital collectibles for India’s 650…

MakerDAO community proposal to replace MKR governance token

Martin Young

The community behind decentralized stablecoin platform MakerDAO is mulling over a major tokenomics shift that could replace its governance token, MKR. A proposal was made on the MakerDAO forum by community leader “monet-supply” on March 14, outlining an alternative token economic mechanism. If the proposal passes a full governance vote, the protocol could replace its current governance token, MKR, with a new token called stkMKR. There were many responses to the proposal within just a few hours of it being posted, most of which were positive and regarding the technicalities…

Coinbase has “Hidden Value” in Venture Investments, Says Oppenheimer Analyst

Godfrey Benjamin

In the second half of last year, the shares of Coinbase Global Inc were the delight of Wall Street investors, as the Brian Armstrong-led trading platform made its debut on the Nasdaq Select Global Markets at a $250 share price through a direct listing. When Coinbase trading opened back on April 14, 2021, investors went on a buying spree pushing the price of the company’s stock to a high of $328.28, giving it a compelling market valuation of about $86 billion. In more than 11 months since the IPO, Coinbase…

Bitcoin Breaks $40K, Key Upside Break Suggests Trend Change

Aayush Jindal

Bitcoin started a major increase above the $40,000 resistance against the US Dollar. BTC might correct lower, but downsides could be limited below $40,000. Bitcoin was able to clear the $40,000 resistance and entered a positive zone. The price is trading above $40,500 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $39,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct lower, but there is a key support forming near the $40,000 zone.…