Month: September 2022

Bitcoin Price Forms Bullish Pattern, Why BTC Could Rally Above $20K

Aayush Jindal

Bitcoin price is holding gains above the $19,000 level against the US Dollar. BTC could rally if there is a clear move above the $19,660 resistance zone. Bitcoin remained stable and consolidated above the $19,000 support zone. The price is trading above $19,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $19,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if there is a clear move above the $19,660…

nft now & Mana Common Announce “The Gateway: A Web3 Metropolis”

Anthony B

The world of Web3 is about to get even wilder. “The Gateway” is coming back to Miami in 2022. And this year, it’s going to be even bigger and better. Earlier today, nft now and Mana Common revealed initial details for “The Gateway: A Web3 Metropolis.” It’s a five-day event powered by MoonPay that will run through Art Basel Miami 2022. Encompassing two city blocks and 12 curated buildings in Downtown Miami, the expanded event will take place from Nov. 29 to Dec. 3 and feature leading artists, community partners,…

US Treasury yields are soaring, but what does it mean for markets and crypto?

Marcel Pechman

Across all tradeable markets and currencies, U.S. Treasuries — government bonds — have significant influence. In finance, any risk measurement is relative, meaning, if one insures a house, the maximum liability is set in some form of money.  Similarly, if a loan is taken from a bank, the creditor has to calculate the odds of the money not being returned and the risk of the amount being devalued by inflation. In a worst-case scenario, let’s imagine what would happen to the costs associated with issuing debt if the U.S. government…

Coinbase Partners with Chainlink Labs to Launch NFT Floor Price Service

Annie Li

Blockchain infrastructure protocol Coinbase Cloud and decentralized oracle network Chainlink Labs have teamed up to launch an NFT floor price feed service. The partnership will introduce the NFT lowest pricing source in the Coinbase cloud service, allowing developers to access real-time NFT prices to build applications such as NFT lending marketplaces, such as NFT indices. The floor price of NFT represents the lowest purchase price of NFTs in a collection. Its feed service utilizes Coinbase Cloud’s NFT pricing algorithm to scan every NFT transaction in major market collections, estimate the current…

UAE Ministry of Economy opens up new headquarters in the Metaverse

Luke Huigsloot

The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse.  According to Gulf News, the announcement was made on Sept. 28 by UAE Minister of Economy Abdulla bin Touq Al Marri during the Dubai Metaverse Assembly, with the minister stating “this is not a proof of concept, this is our third address” before giving a live tour of the virtual headquarters. The headquarters will feature a multiple story building, each serving a different purpose. Visitors will be…

Ethereum Price Eyes Fresh Surge, 100 SMA Holds The Key

Aayush Jindal

Ethereum recovered losses and climbed above the $1,320 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350. Ethereum found support near the $1,250 level and recovered losses. The price is now trading above $1,300 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above the $1,350 resistance zone.…

Illuvium co-founder shares plans for new ‘interoperable blockchain game’ model

Stephen Katte

Kieran Warwick, co-founder of blockchain role-playing game Illuvium has lifted the curtain on a gaming concept he says has never been done before — the interoperable blockchain game (IBG).  Speaking to Cointelegraph during Token2049 in Singapore, Warwick said Illuvium has three games currently being built which will be underpinned by the same economy, governed by a single token (ILV),  and connected by the blockchain — making it an interoperable experience. “We’re building something that has never been done before not in the mainstream and not in Web3.” IBG, a term…

Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days – Altcoins Bitcoin News

Jamie Redman

Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market capitalization, USDC has been above the $50 billion mark, but this week the crypto asset’s market valuation is around $​​48.82 billion. Following Tether’s Recent Stablecoin Reduction, USDC’s Market Cap Drops 12% In mid-June, Bitcoin.com News reported on the largest stablecoin asset tether (USDT), as USDT’s saw more than $12…