Day: February 17, 2022

‘The industry will need to have dynamic NFTs,’ says Vivid Labs CEO Halsey Minor

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Cointelegraph spoke about the nonfungible token, or NFT, market with Halsey Minor, CEO of NFT publishing platform provider Vivid Labs (VID), which is the parent company of the Live Planet production company founded by actors Ben Affleck and Matt Damon. Vivid Labs offers the VIVID NFT platform that allows creators to build NFT marketplaces on its native blockchain. According to the company, they specialize in marketplaces that create NFTs with multimedia capabilities to bundle videos, images, audio and files into a single asset, called NFT+. Halsey argues that NFTs, however…

Bitcoin traders say $40K is the ‘line in the sand’ after BTC and stocks sell-off

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The quick-moving volatility that the cryptocurrency market is known for reared its ugly head on Feb. 17 as ongoing tensions between Russia and Ukraine and the rest of the world walloped financial markets around and briefly plunged Bitcoin price below the $41,000 level.  Data from Cointelegraph Markets Pro and TradingView shows that the crypto market was hit with a wave of selling beginning near midday on Feb. 17 that dropped BTC to a daily low of $40,743 before bulls bid the price back above $41,000. BTC/USDT 1-day chart. Source: TradingView Here’s a…

Polkadot Electricity Consumption Is Less Than Solana, Bitcoin, And Ethereum

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Electricity consumption has been one of the major concerns with the advent of cryptocurrencies especially Polkadot. Though with models running with the Proof-of-Stake (PoS) consensus mechanism, this electricity use seems to be minimal since their process for transaction validations is staking. But the story is not the same for those running with Proof-of-Work (PoW) such as Bitcoin. Mining is the associated process through which the PoW models could validate their network transactions. However, the process consumes lots of electricity as it uses highly computational equipment to solve cryptographic puzzles. DOT…

Are Heavy Russian Sanctions a Potential Bull Case Scenario for Bitcoin?

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The back and forth over Ukraine continued today, with President Joe Biden saying a Russian invasion was imminent and Russia expelling Bart Gorman, the U.S. deputy chief of mission to that country. Meanwhile, Russia Defense Minister Sergey Shoygu said troops have been redeployed away from Ukraine. The news has helped send the S&P 500 stock index down 1.5% and the Nasdaq lower by 2%. Bitcoin’s price has crumbled nearly 7% to $41,175. Original

Cointelegraph releases Top 100 in Crypto and Blockchain 2022

The Cointelegraph team has scoured the deepest trenches of the blockchain world to find the most artistic, analytical and innovative out there to be featured in this comprehensive list of people and trends that shaped the industry in 2021 and will continue to drive it further in 2022. 2021 was a year like no other. With El Salvador making Bitcoin (BTC) legal tender, miners undergoing their great migration, nonfungible tokens (NFTs) breaking sales records and cryptocurrency prices surging to all-time highs and lows, it was one of the most eventful…

Ether Struggled To Maintain $3,000

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The price of Bitcoin fell below $44,000, and many altcoins followed suit. Ethereum struggled to maintain its value around the $3,000 mark while other cryptocurrencies dropped even further, including Cardano, Solana, BNB, and many more.  Bitcoin is trading below the 50-day moving average for the first time in five weeks, after briefly reaching a high near $4600 last week. However, the cryptocurrency’s price has fallen back down to earth with a drop of over $4,000 in a week. Related Reading | How Fears Of A Possible Russian Invasion Of Ukraine…

Ukraine’s updated crypto bill kicks one ministry out as regulator

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Ukraine’s parliament, the Verkhovna Rada, has approved some significant amendments in the country’s major cryptocurrency-related legislation known as the bill “On Virtual Assets.” The Ukrainian Rada passed the legislation in the second reading during a plenary session on Thursday, with 272 out of 365 deputies supporting the bill. The deputies specifically approved several bill recommendations by Ukraine’s President Volodymyr Zelensky, removing the country’s Ministry of Digital Transformation from the list of authorities overseeing the cryptocurrency market. As such, the updated version of the bill establishes The National Securities and Stock…