Day: March 24, 2022

LG Electronics adds blockchain and crypto as new areas of business

Tom Mitchelhill

South Korean tech giant LG Electronics has officially added blockchain and cryptocurrency as new business areas in its corporate charter.  According to a local South Korean news report, LG added two distinct crypto-related objectives during its annual general meeting on Thursday. The objectives include “the development and selling of blockchain-based software” and “the sale and brokerage of cryptocurrency,” leading to conjecture whether LG would establish some form of crypto exchange. When asked about the company’s intention to start its own exchange or platform, an LG spokesperson tempered any speculation, stating,…

Bitcoin Gains Momentum, Indicators Point Strong Move To $45K

Aayush Jindal

Bitcoin started a fresh increase above the $43,500 resistance against the US Dollar. BTC is showing positive signs and might even surge above $45,000. Bitcoin started a fresh increase after it broke the $43,500 resistance zone. The price is trading above $43,500 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $43,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise and might even clear the $45,000 resistance zone. Bitcoin Price Remains…

Web3 Related Trademarks Found In New Filings Of Meta

Anthony B

Meta, formerly known as Facebook, intends to enhance its position in the Web3 space. The social media behemoth has applied for eight trademarks to offer Web3 services, including a dating app tailored to cryptocurrency investors. The social media giant’s attempts to improve its standing in the crypto and metaverse worlds will benefit from the move. Cryptocurrencies and non-fungible tokens (NFTs) will be key aspects of blockchain-based Web3, the next phase of the Internet as we know it, which will boost the metaverse sector. Meta is seeking to bring in new…

Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch

Jordan Finneseth

Play-to-earn (P2E) gaming was one of the hottest sectors in the cryptocurrency market in 2021 and based off the recent moves of Yuga Labs and Bored Ape Yacht Club, the gaming industry could continue to be a winner in 2022. Axie Infinity was the first game to really capture widespread attention and highlight the possibilities of what P2E had to offer and is continuing to lead the way in 2022 as the protocol prepares for its next major launch. Data from Cointelegraph Markets Pro and TradingView shows that the price…

Funky Bunnies Enter Ethereum Blockchain, Aims to Become a Web3 Innovation Brand

GetNews

The Web3 space has seen many advancements over the years, but there is still room for more. On a mission to bring one of the biggest innovations to the digital environment, Funky Bunnies enter the scene, bringing with them many creative developments set to make significant impacts. Funky Bunnies wants to become a staple in the Web3 ecosystem and take on a crucial role in providing more opportunities for investors of blockchain technology.  Funky Bunnies showcase a new kind of art never before seen in the NFT space. The project…

Crypto rallies to $2T market cap as institutions signal readiness to enter

Sam Bourgi

Bitcoin (BTC) and the broader cryptocurrency market rallied on Thursday, as the total value of digital assets crossed $2 trillion for the first time in over three weeks amid signs of a clear shift in market sentiment — headlined by Goldman Sachs, no less.  BTC printed an intraday high of $44,253, having gained more than 3% during the session, according to data from Cointelegraph Markets Pro and TradingView. The largest cryptocurrency by market capitalization has now recovered over 33% from its January low. The total crypto market cap has gained…