Month: January 2022

ADALend Listed On CardanoCube

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ADALend, a decentralized lending platform utilizing the Cardano blockchain, has recently been listed on CardanoCube.io, a platform that makes information on dApps available by providing an overview of all projects and dApps building on Cardano. The listing is preceded by ADALend’s announcement, where they shared the intention of using Plutus Application Backend (PAB) to continue the development of the platform. About CardanoCube.io CardanoCube.io is the go-to resource for information about the Cardano Blockchain and its ecosystem. They are offering retail customers unbiased, high-quality, and reliable information so they can make…

Square Enix CEO reveals plans for blockchain, metaverse, NFTs

Wider adoption of nonfungible tokens (NFT) and play-to-earn games may be on the way, as one of the world’s largest gaming companies sees them as the future of the industry. Yosuke Matsuda, CEO of Square Enix, revealed the company’s intentions for blockchain and NFT spheres in his new year’s message on Saturday. In his letter, Matsuda begins with a discussion of the metaverse before noting that Facebook’s renaming to Meta is proof that the concept isn’t a passing fad. He expects 2022 to be a year of hype for the…

Bitcoin is new gold for millennials, Wharton finance professor says

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Bitcoin (BTC), the world’s most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Wharton’s finance professor. Gold’s performance was “disappointing” in 2021, Wharton School finance professor Jeremy Siegel said in a CNBC Squawk Box interview on Friday. On the other hand, BTC has been increasingly emerging as an inflation hedge among younger investors, Siegel argued: “Let’s face the fact, I think Bitcoin as an inflation hedge in the minds of many of the younger investors has replaced gold. Digital coins are the new gold for the…

Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias

A blockchain indicator tracking the flow of coins in and out of centralized exchanges is signaling a bearish shift in investor sentiment similar to the one seen before the May 2021 crash. Glassnode data shows the 90-day moving average of net exchange flows has turned positive, meaning more coins are entering exchanges than leaving. Sustained net inflows, if any, would be a cause for concern for the bulls. Net inflows imply investor intention to sell, while consistent outflows represent strong holding sentiment and take out circulating supply from the market,…

Yearn Finance risks pullback after YFI price gains 100% in less than 3 weeks

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Yearn Finance (YFI) looks poised for a price correction after rising five days in a row to approach $42,000. Notably, an absence of enough buying volume coupled with overbought risks is behind the bearish outlook. The YFI price rally so far YFI price surged by a little over 47% in five days to $41,970 as traders rotated capital out of “top-cap” cryptocurrencies like Bitcoin (BTC) and Ether (ETH) and looked for short-term opportunities in the altcoin market. #DeFi assets are showing some nice signs of growth to kick off 2022.…

Slim Shady buys Bored Ape ‘EminApe’ NFT for $460K

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Marshall Mathers III, better known as Eminem, joined the “Bored Ape Yacht Club” (BAYC) by purchasing one of the nonfungible token (NFT) Bored Apes for $462,000 on OpenSea’s NFT marketplace. Eminem’s Bored Ape depicts a gold chain necklace and khaki army cap that he wears in real life and has been officially added to his portfolio by OpenSea. The NFT nicknamed the “EminApe” was created by GeeGazza in collaboration with Bored Ape. The transaction was completed by digital agency Six, which has previously worked with other celebrities in the NFT…

Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs   – Bitcoin News

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Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing. Ruling Party of South Korea to Collect Crypto Funds for Presidential Bid The Democratic Party of Korea, the country’s leading political force, is going to raise election funds through cryptocurrency and issue receipts to donors in the form of non-fungible…

Mutant Ape Yacht Club And BAYC Sales Surge, Floor Prices Spike More Than 40%

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Both BAYC and Mutant Ape Yacht Club (MAYC) NFT sales have risen since Eminem disclosed that he purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for $452K. Time For The Mutant Apes To Eat Last week, Mutant Ape Yacht Club topped other NFTs with a massive increase in sales volume. The initiative, which began at Bored Ape Yacht Club, saw two serum sales of more than $3.5 million each, helping Bored Ape Chemistry Club to make the top ten list. The Mutant Ape Yacht Club floor price has…

Samsung announces NFT platform for smart TVs

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South Korean tech giant Samsung revealed a new smart TV lineup with an integrated NFT platform. Samsung’s 2022 smart TVs such as Micro LED, Neo QLED and The Frame will have an NFT Platform app that can be used “for discovering, purchasing and trading digital artwork,” according to the announcement on Monday. “With demand for NFTs on the rise, the need for a solution to today’s fragmented viewing and purchasing landscape has never been greater,” the company noted. In 2022, the company aims to introduce the first smart TV NFT explorer…