Month: March 2022

How Secretum Plans To Take Over NFT Gaming

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NFTs have become the newest, hottest, and most powerful trend of the gaming world since the long-gone era of Pong and Galaxy Game. Gamers worldwide, for the first time, can now make real money with play-to-earn (P2E) gaming, and in-game assets (characters, land, tools, and more) have been turned into tradable tokens with actual monetary value. Large amounts of money from both investors and gamers are rapidly rushing into the sector: Sandbox, a virtual world development game, saw its sales of NFT land plots surge by over 1,600% in 2021,…

Ethereum Crosses $5 Billion In ETH Burned As Momentum Picks Up

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Ethereum implemented the EIP-1559 in 2021 and since then, ETH has been burned every day. This upgrade has pushed the network towards becoming deflationary, taking more than 30% that would have gone straight into circulation and burning it. Now, only seven months after the upgrade was implemented, the network has reached another milestone of ETH burned in terms of dollar value. Over $5 Billion In ETH Burned On August 5th, the EIP-1559 officially went into effect. This came with much fanfare given the implications of such an improvement on the…

Mega Awakening — Whale Transfers 429 ‘Sleeping Bitcoin’ From 2010 Worth Over $16.8 Million – Bitcoin News

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After tapping a 24-hour high at $42,592 per unit, the price of bitcoin lost the gains it gathered on Wednesday, sliding more than 5% during Thursday morning’s trading sessions. Meanwhile, as crypto prices fluctuated, an odd bitcoin transaction from 2010 was transferred at 1:45 a.m. (UTC) moving 429 bitcoin worth $16.8 million. Large Sum of ‘Sleeping Bitcoin’ Transferred After More Than 11 Years of Slumber Crypto prices have been shaky during the last few days amid the Russia-Ukraine conflict and increased pessimism toward the global economy’s future. After falling to…

More Proof the Bitcoin Run is NOT Over

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, I’m going to discuss the FUD behind Bitcoin’s recent sell-off and also discuss why I think the Bitcoin bull run is not over. 🚨I Am George NFTs: ➡️Buy Bitcoin & Crypto with IRA/401k ($100 Bonus) 💰Earn 9.5% APY + $250 Bonus w/ Deposits ✅Buy and Trade 100+ Crypto on Bybit ($3000 Bonus) 💳Blockfi Bitcoin Reward Credit Card: ✅Buy and Trade 300+ Crypto on Kucoin ($500 Bonus): ✅Buy and Trade 300+ Crypto on Gate.io ($50 Bonus): ✅Buy Bitcoin & Earn…

ECB’s Lagarde Supports Acceleration of Digital Euro Work

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Crypto Firms May Look at Traditional Finance Firms as M&A Targets

If some observers are right, cryptocurrency mergers and acquisitions may soon become a “man bites dog” story. This much is clear: Deal activity in the crypto sector is heating up. As mainstream adoption of cryptocurrencies grows, so has the number of mergers and acquisitions in the digital assets market. New deals or partnerships that blur the lines between traditional finance and crypto finance are announced daily. The total value of crypto-related M&A rose to $55 billion in 2021 from $1.1 billion a year earlier, according to PricewaterhouseCoopers. Some cash-rich crypto…

Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time

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The market capitalization of gold-backed crypto tokens increased by 60% in 2022 to surpass $1 billion for the first time in history, according to Arcane Research in its latest weekly report.  Gold shines, Bitcoin disappoints In 2022, investors have been rushing to the perceived safety of gold-backed crypto assets, whose value is pegged to the price of gold. Namely, PAX Gold (PAXG), Tether Gold (XAUT), and similar precious metal-backed digital assets have been climbing in value as investors “diversify inflation bets” within the crypto sector, explains Arcane Research. PAXG is…

This Tiny Blockchain Startup’s Tangle With SEC Could End Up as Landmark Case

Before the suit kicked off early last year, LBRY had already been under SEC investigation for three years. The LBRY team claims to have complied with the SEC in supplying nearly 1 million pages of documents along with multiple in-person testimonies. Those documents and interviews, according to the company, cost “substantial amounts of time, energy and money” that caused “significant harm” to the small business. Source

GSR partners with Chainlink to integrate price data for smart contracts

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Crypto market-making firm GSR has partnered with Chainlink to contribute price data to decentralized oracle networks (DONs) to be used within decentralized finance (DeFi) and smart contract applications, highlighting that the blockchain industry is moving forward to interoperability and more cross-platform compatibilities. In an announcement, Sergey Nazarov, the co-founder of Chainlink, said that “high-quality market data is vital to the growth of the multi-chain ecosystem.” According to Nazarov, GSR launching its data service will enable the firm to access the ever-growing blockchain economy and assist in the innovation of smart…