Day: May 10, 2022

Ethereum Nears Breakout Zone, Why ETH Might Start Recovery

Aayush Jindal

Ethereum started an upside correction from $2,200 against the US Dollar. ETH might gain bullish momentum if it clears the $2,400 resistance zone. Ethereum started an upside correction above $2,300 and $2,320. The price is still trading below $2,400 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,385 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady recovery wave if there is a close above $2,400 and $2,450. Ethereum Price Faces Breakout Resistance…

Bitcoin Struggles Below $32K, Why Downtrend Could Resume

Aayush Jindal

Bitcoin attempted a recovery wave above $32,000 against the US Dollar. BTC is struggling and remains at a risk of more losses below $30,000. Bitcoin started a short-term recovery wave after it tested the $30,000 zone. The price is now trading below $31,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $31,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might resume decline if it stays below the $32,400 resistance zone. Bitcoin Price Faces…

Top Shot creator unveils $725M fund to support Flow ecosystem

Brian Newar

The Flow ecosystem is set to get a boost in support from a new $725 million fund that will be used to invest in the growth of the nonfungible token network. Flow (FLOW) is a layer-1 blockchain developed by Dapper Labs and purpose-made for NFTs. Dapper Labs also created the popular NBA Top Shot NFT collection. Flow utilizes an eco-friendly proof of stake (PoS) consensus algorithm. The new fund was backed by 17 firms that have experience backing other Web3 companies, including large investment firms a16z, Spartan Group, and CoinFund.…

Idexo Launches Updated NFT Marketing Software To Help Brands and Web3 Projects Rapidly Grow Communities Using NFTs and Verification Systems

GetNews

LONDON, UK – Idexo, a leading provider of web3 marketing and project management software and tools, is pleased to announce the release of an updated version of its NFT Marketing Software. Now web3 projects and traditional brand marketers can: Easily plan, create and manage NFT collections and mints in a point-and-click web interface with collections on Arweave, Avalanche, BNBChain, Ethereum, Fantom, and Polygon blockchains, and soon Solana, Tezos and more Enable their community to mint NFTs using specialized commands on Telegram, Twitter and soon Discord and automatically track that those…

Environmental groups urge US government to take action on crypto miners

Turner Wright

A group of eight organizations focused on the environment have called on different government agencies under the Biden administration to implement new approaches in response to Proof-of-Work and other crypto mining operations. In a letter to the United States Office of Science and Technology Policy on Monday, the Environmental Working Group, Earthjustice, Greenpeace, the League of Conservation Voters, the Sierra Club, Friends of the Earth, the Seneca Lake Guardian, and the Milwaukee Riverkeeper urged the White House to enact policies aimed at curbing “the electricity use and climate pollution associated…

Coinbase files shelf registration statement with the SEC | by Coinbase | May, 2022

Aayush Jindal

Tl;dr: This shelf registration positions Coinbase to prospectively access the capital markets quickly and efficiently when needed or when market conditions are optimal. Today we filed a shelf registration statement with the Securities and Exchange Commission (the “SEC”). This shelf registration statement is intended to be used for potential prospective offerings which may include the sale of new securities for general corporate purposes. While we have no immediate plans to offer securities at this time, by filing the shelf registration statement now, we will be able to offer and sell…

15 end user sales including web3 buyers – Domain Name Wire

Anthony B

A fintech company, an NFT market, and a yoga company bought domain names. This week’s Sedo end user list is led by a fintech company that bought a four character domain. There are some other nice domains in the four figure range. You’ll notice several web3 buyers on the list. Here’s a list of end user domain name sales that just completed at Sedo. You can view previous lists like this here. Sapi.com €24,900 – SAPI is a fintech company that allows e-commerce platforms to offer loans to their sellers. NewCapital.com…

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