Bitcoin whales jumping ship as exchange inflows reach 3-month high

The number of Bitcoin whales is rapidly decreasing to levels not seen since earlier this year, possibly due to the three-month high of coin inflows to centralized exchanges (CEXs). Bitcoin (BTC) market tracker Glassnode has issued several bearish indicators for the largest cryptocurrency by market cap, including data suggesting a market exit for whales holding at least 1,000 coins, and exchange inflows of more than 1.7 million coins, the most since February. #Bitcoin $BTC Exchange Inflow Volume (7d MA) just reached a 3-month high of 1,755.021 BTC Previous 3-month high…

Ethereum Bears Aim Big After Recent Breakdown Below $2.5K

Ethereum started a major decline from the $2,700 zone against the US Dollar. ETH dived below $2,550 and might accelerate lower below the $2,420 support. Ethereum started a major decline after it failed to surpass $2,700. The price is now trading below $2,550 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,490 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline further if there is a close below the $2,420 support zone. Ethereum Price Takes…

How Web3 And NFTs Are Creating A World Built For Creators

John Kohl is co-founder and CEO of TuneGO, where he provides the strategic vision for the Company. That vision focuses on both disrupting and improving the music industry for the creative community, by building a platform that helps creators protect their intellectual property, safely collaborate, distribute their music and pursue new opportunities Russ Alan Prince: What is TuneGO and can you tell us about your newest offering, TuneGONFT? John Kohl: TuneGO is a Web3 tech company for the music industry. Our patented technology—the TuneGO Vault—creates the world’s…

Bitcoin Downtrend Intact, Why The Bears Might Aim $32K

Bitcoin started a strong decline below the $37,500 support against the US Dollar. BTC even traded below $35,000 and might continue to move down towards $32,000. Bitcoin started a strong decline below the $36,500 and $35,500 levels. The price is now trading below $35,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $34,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate further lower below the $33,500 support zone in the near term.…

The pros and cons of staking cryptocurrency

As a suitable option for long-term crypto token holders, staking pools offer the promise of earning yields in addition to the capital gains earned through token value appreciation. One can invest in a stake pool with a fraction of the number of tokens required to become a validator on a PoS blockchain, while the staking pool rewards users on a daily, weekly or quarterly basis, depending on the cryptocurrency being staked. For example, investors can stake their ETH tokens in a staking pool on Coinbase for daily rewards and with…

BTC, ALGO, XMR, XTZ, THETA

The S&P 500 and the Nasdaq have declined for five consecutive weeks, indicating that traders continue to reduce exposure to risky assets. Bitcoin’s (BTC) close correlation with United States equity markets has resulted in its price remaining under pressure. Bitcoin has extended its decline during the weekend and is now on track for its sixth successive weekly loss, the first such occurrence since 2014. The weakness in Bitcoin has pulled down the entire crypto markets whose market capitalization has dipped below $1.6 trillion. Crypto market data daily view. Source: Coin360…

A Web3.0 Love Themed DApp that Offers Exciting Features for Couples

Love is the most beautiful part of your life. Because it is the story of love in your life, how you deliver that love, how you nurture it and how that love grows and remains forever. To give your love story an exciting twist, MetaLoves combined blockchain and Web 3.0 through its DApp. It offers several interesting features for couples, such as the MetaLoves diary, a museum of broken relations, love-themed games, dating and weddings in the metaverse, building a house in the metaverse, etc. What is MetaLoves? MetaLoves is…