Day: March 8, 2022

ETH, BTC Remain Lower as Commodity Prices Hit New Highs – Market Updates Bitcoin News

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Cryptocurrencies were once again trading lower on Tuesday, as markets were mainly focused on surging commodity prices. Crude oil climbed to a 14-year high of over $130 per barrel, whilst gold was fast approaching its own all-time high. Bitcoin Bitcoin was trading below $40,000 on Tuesday, as the volatility surrounding the war in Ukraine continued to impact the world’s largest cryptocurrency. Following a low of $37,260.20 during yesterday’s session, BTC/USD had a higher low of $37,851 so far today. The price has since rallied, with bitcoin hitting an intraday high…

Unraveling the myth of gender equality in crypto

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Crypto’s reputation as a boys’ club does not come as a surprise: It sits at the very intersection of tech and finance, perpetuating the legacy of “bro culture” that is coded into Silicon Valley and Wall Street. It was only in 2020 when Citigroup bank appointed the company’s first female CEO, Jane Fraser. This was a milestone in its 200-year long history and in the history of Wall Street itself, having the first woman lead one of the largest Wall Street banks. Meanwhile, cases of sexual harassment run rampant across…

NFT fashion hits the runway as designers launch in the Metaverse

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The rise of the Metaverse has resulted in an entirely new digital economy, one defined by virtual experiences and interactions. In turn, metaverse ecosystems consisting of avatars are also emerging, allowing individuals to express themselves through digital customizable 3D characters. This idea was recently broadcasted to the mainstream when Facebook’s parent company, Meta, introduced a series of inclusive avatars.  While the Metaverse may sound futuristic, recent findings from technology research and consulting company Gartner predict that 25% of people will have spent at least one hour per day in the Metaverse…

BTC Exchange Balance Shrinks, Outflows Rise

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In the past two years, BTC has seen a sharp surge in its price. One of the major reasons behind the spike was its record demand driven by limited supply on leading exchanges. In its recent on-chain analysis report, Glassnode mentioned that Huobi, Gemini, Kraken and Bithumb have witnessed a dip in BTC supply during the last few months. Q4 2021 volumes have gone up or down and how much? There were some exceptions as well. Binance, Bittrex, FTX and Bitfinex have witnessed a jump in BTC balance since March…

Ethereum Fees Sink to Lowest Rate in 7 Months, Most L2 Fees Under $1 per Transfer – Altcoins Bitcoin News

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Ethereum fees have continued to slide week after week and are now at the lowest value in seven months. On Tuesday, March 8, the average layer one (L1) Ethereum gas fee is 0.0042 ether or $10.89 per transfer. At the same time, median-sized gas fees are much lower as well, hitting values not seen since August last year. L1 Ethereum Fees Plunge — Median-Sized, L2 Fees Follow While L1 ethereum (ETH) gas fees are nowhere near below $1 per transfer, ether transaction fees are continuing to drop from January’s highs.…

Women’s Day in the Metaverse, Potion Unlock NFT auction, and Papa John’s brand new bag

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NFT platform HeyLayer has partnered with the Stacks Foundation to host an event in the vSpace Metaverse to celebrate International Women’s Day. The ‘HerNFT’ event will feature the work of more than 30 women nonfungible token (NFT) artists, including Goldy Succi, Mother Pop, Kaylee Hawley, and others. Their work on the Stacks blockchain will be on display in a virtual gallery curated specifically for this event which starts on March 8. Participants in the event will be able to purchase NFTs on the HeyLayer Marketplace. 2.5% of sales from the…

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