Day: March 8, 2022

Factors Behind Crypto Markets Worst Weekly Performance

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Bitcoin has failed to display strength during the past week and remains at risk of revisiting previous lows. The benchmark crypto seems to be negatively reacting to the current macro-environment, and an overall weakness from the buying side. Related Reading | Risk Aversion Pulls Crypto Market Down, Bitcoin Still Below $40K At the time of writing, the price of Bitcoin trades at $38,544 with a 1.2% loss in 24 hours and a correction of 10.8% in the last week. BTC trends to the downside on the daily chart. Source: BTCUSD…

Crypto.com Tells Loan Customers in ‘Excluded’ Countries to Repay by March 15

CryptoX – Cryptocurrency Analysis and News Portal “Please be informed that Lending is no longer supported in your jurisdiction. For this reason, we are required to cancel your current loans,” the exchange told two customers, one French, one German, via emails reviewed by CoinDesk. Neither had lending accounts open with the company, they said. Source The post Crypto.com Tells Loan Customers in ‘Excluded’ Countries to Repay by March 15 appeared first on CryptoX. CryptoX Portal

Price of Gold Spikes Over $2,060 per Ounce While Risk Assets Continue to Capitulate – Markets and Prices Bitcoin News

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On Tuesday, the price of gold soared to new heights as an ounce of the precious metal surpassed $2K per ounce during the early morning trading sessions (EST). Hours later, gold tapped a high of $2,064.27 per ounce as the Russia-Ukraine war and global commodities surge has fueled demand. Gold’s Value Surges Higher Amid Commodities Boom Gold is exchanging hands for prices not seen since August 2020, as the Russia-Ukraine war has caused a significant demand for barrels of oil, commodities, energy stocks, and precious metals. During the last 24…

Magic Eden teams up with Overtime to elevate sports NFT utility

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Solana nonfungible token, or NFT, marketplace, Magic Eden has announced a partnership collaboration with popular sporting entertainment platform Overtime to launch an NFT collection proposing to enhance fan engagement and exclusive experiences. The partnership is orientated around the 2022 NCAA men’s basketball tournament, a national college championship conference often referred to as March Madness, and considered one of the largest sporting events in the U.S. The tournament will commence on March 15, and conclude with a championship match at the near-75,000 seat Caesars Superdome stadium in New Orleans on April…

Bitcoin stems losses after US bans Russian oil, gold heads to record highs

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Bitcoin (BTC) erased then recovered its daily gains later on March 8 as United States President Joe Biden announced a complete ban on Russian oil imports. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC comes full circle, while gold steals the show Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it targeted $38,000 an hour after Tuesday’s Wall Street open. Having hit $39,240, the pair swiftly changed trajectory as Biden confirmed the plans, which added to oil’s already strong gains and further pressured stocks and risk assets. “Today, I’m…

From Art Galleries to The Metaverse

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Every so often, an artist comes along with work that leverages culture so well that it captivates masses of people on an emotional level. The art world has seen it many times – consider the notoriety of Banksy, or Andy Warhol. Banksy’s stencil graffiti often depicted the lives of working people and their relationship with consumerism. What could be more relatable than that in our modern times? In the early 60’s, Andy Warhol famously produced 32 canvases, each home to a screen-printed painting of a variety of Campbell’s canned soup…