Bitcoin (BTC) is in pullback mode after a choppy weekend. The cryptocurrency could find support around $43K, which should stabilize the down move. Momentum signals turned negative on the daily chart, similar to what occurred during the first week of February and March. Original
It’s part of why, according to a report from the research firm Naavik, the majority of Filipino Axie players are still making below the country’s average minimum wage. Stephen Diehl, a prominent crypto critic, likened it to “digital serfdom,” though I think that may be slightly misstating it. It’s more like an especially predatory employment contract – a full-time job with extremely poor returns. Source
Edward Moya, senior analyst at Oanda, said Celo has been steadily attracting interest, as many investors are drawn to its crypto potential across smartphone technology and the opportunity it could have playing a key role in central bank digital currencies, known as CBDCs. Source
Manchester United defender Phil Jones has become the latest high-profile sportsperson to enter the metaverse. Jones, who has been on the club’s books since 2011, has joined forces with Web3 firm Antourage to develop an exclusive metaverse members project dubbed Red Lion Sports Club (RLSC). The venture will function as a kind of gated online community, where holders of special NFTs can congregate to play games and interact, view exclusive content, enter competitions and support worthy causes. Designed by noted augmented reality creator Doddz, only 4,000 algorithmically-generated Red Lion member…
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From Binance and OneOf to a side of PFP NFTs, a crypto presence was felt during the music industry’s marquee event. Source
On Monday, semiconductor manufacturing titan Intel unveiled its new Bitcoin (BTC) mining chip, Blockscale. The application-specific integrated circuit, or ASIC, hardware is designed to operate on proof-of-work blockchains using SHA-256 encryption. As told by Intel, Blockscale will have a hash rate of up to 580 gigahash per second (or 0.58 terahash per second, TH/s), consuming between 4.8 to 22.7 watts of power, and having an energy efficiency of up to 26 joules per terahash (J/TH). Each chip can be combined and merged into a single mining unit, increasing its output…
The NFTs, known as the best digital assets, have taken the world by storm in a very short time. The inception of the innovational NFT concept in the blockchain industry has started grabbing mainstream attention lately. According to several recent articles, giant conglomerates have actively entered or are ready to enter the NFT industry, preparing for the future i.e. Metaverse. The world has witnessed tons of NFTs but a brand new, world’s first sensational concept of Sports Car Racing in Metaverse is about to change the whole experience of the…
On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second in February to 3.95 EH/s by the end of March. Northern Data Adds Thousands of New ASICs to the Mining Fleet, Hashrate Doubles According to an audit report published by KPMG, the bitcoin miner Northern Data has seen growth during the last few months. Northern…
Ethereum continues on its upward journey although not without its fair share of bumps along the way. Nevertheless, the digital asset still remains one of the most promising in the crypto space and has demonstrated that with its recent recovery. But even after successfully landing above $3,000, the cryptocurrency still remains a long way from its all-time high of almost $5,000. However, the long-term indicators paint a favorable picture for Ethereum. Beating Moving Averages For the longest time following the December crash, the price of Ethereum had traded below important…