Day: May 12, 2022

Ethereum Reclaims $2K, Why Upsides Could Be Limited Above $2.2K

Aayush Jindal

Ethereum found support near $1,700 against the US Dollar. ETH started a recovery wave and climbed above the key $2,000 resistance zone. Ethereum started a decent recovery wave above the $1,900 and $2,000 levels. The price is still trading below $2,150 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher if it clears $2,150 and $2,200 in the near term. Ethereum Price Breaks…

Blockchain will be taught in classrooms in 3-5 years

Philip Wu

Colin Miles, the newly-appointed CEO of TZ APAC, expects blockchain and Web3 curricula to start becoming an integral part of secondary and tertiary education within the next three to five years.  “I would think it’s that classic medium-term, three-to-five timeline,” said Miles. Miles spoke to Cointelegraph after the announcement of TZ APAC’s partnership deal with the National University of Singapore’s (NUS) School of Computing on Tuesday, which will see the Tezos agency supporting the development of the university’s new center for nurturing computing excellence. Miles said: “If you have a…

Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?

Brian Njuguna

LUNA has left crypto enthusiasts’ mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight. LUNA and TerraUSD (UST) are the native tokens of the Terra blockchain network developed by South Korean fintech firm Terraform Labs. LUNA sent shockwaves to the crypto market because it nearly lost 100% of its value by hitting an all-time low of $0.027 on May 12 from the all-time high (ATH) price of $119.18 recorded nearly a month ago on April 5, according…

Bitcoin Gains Momentum, Why Break Above $30K Is Crucial

Aayush Jindal

Bitcoin dived towards the $25,000 support zone against the US Dollar. BTC is now recovering and might eye an upside break above the key $30,000 resistance zone. Bitcoin found support above $25,000 and started an upside correction. The price is still trading below $30,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $30,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $30,000 barrier to move into a positive zone and started…

Coinbase Pay Debuts for Web3 Businesses, Developers

Anthony B

Coinbase will expand its Coinbase Pay to the bigger crypto ecosystem, letting Web3 developers and businesses integrate it, a blog from the company said. MetaMask will be the first external wallet integration for Coinbase Pay. Coinbase Pay is the company’s method for transferring or buying crypto to a wallet. With the more simplified fiat-to-crypto conversion, the company claims Web3 will become more accessible. Web3 developers who want to use the program can contact the company to apply for access. The company noted that investment in cryptocurrency is “time consuming, manual and…

Analysts say Ethereum price must hold this key level to avoid a capitulation-level move

Jordan Finneseth

The crypto market experienced another day of pain on May 12 as the fallout from the Terra’s LUNA and UST failure continues to ripple across the ecosystem. While the coverage for UST and its impact on Bitcoin (BTC) have been extensively covered over the past few days, the pullback has also had a significant impact on the price of Ether (ETH) as traders hastily exited the market. Data from Cointelegraph Markets Pro and TradingView shows that the past seven days of selling dropped Ether to $1,701, a price not seen…

Shanghai court affirms that Bitcoin is virtual property, subject to property rights

Derek Andersen

The Shanghai High People’s Court has issued a document in which it states that Bitcoin is subject to property rights laws and regulations. That finding was made in relation to a lawsuit filed in a district court in October 2020 involving the recovery of a loan of 1 Bitcoin (BTC). The lower court recognized Bitcoin as having value, scarcity and disposability, and therefore being subject to property rights and meeting the definition of virtual property. According to the Sina website, the Shanghai Baoshan District People’s Court ruled in favor of…

Metacurio Web3 Creative Agency Expands to APAC in

Anthony B

LOS ANGELES, May 12, 2022 (GLOBE NEWSWIRE) — Metacurio, the leading Web3 creative agency for Hollywood A-list talent and global brands, today announced the launch of a new joint venture with VS Media, a leading digital media and social commerce network based in Hong Kong that is built by and for creators across Greater China. The company will be headquartered out of Singapore and called Metacurio VS Singapore. Metacurio VS Singapore will be the exclusive home for VS Media and its IP across segments like NFT creation, marketing, and distribution.…

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