Day: April 28, 2022

How Crypto Payments Shift Revenue to Creators, Not Platforms

Let’s take a step back. In 2006, the world witnessed one of the first viral social media videos, “Evolution of Dance,” on YouTube, and the internet was never the same. Since then, society has been transformed by the mass adoption of media platforms like Twitter, TikTok and Instagram. Digital creators – the artists, musicians, gamers and influencers who have become celebrities in their own right – are power users that have collectively enabled the success of social media. Source

Solana Stumbles At $100 Level As Bulls Recover The Market

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Solana price action indicates that bulls are attempting to regain the market. SOL prices begin the daily trading chart in a horizontal trend. As the market encounters resistance at the $100.5 level, solana prices are trading close to $100. Bulls will attempt to drive prices higher in order to reclaim the $101 level. If prices can be pushed below $99.5, the bears will be able to take control of the market. In the previous 12 hours, Solana prices have fluctuated between $97.10 and $100.54, with the cryptocurrency gaining 0.11%. Solana…

Minecraft-linked developers draw up pledge for NFT and digital asset engagement

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Over the weekend, Climate Replay, which comprises developers from the Mojang Group, the maker of the popular Minecraft series, posted a pledge regarding the responsible integration of nonfungible tokens, or NFTs, and digital currencies into gaming. “Games give us hope in a world that is increasingly uncertain. They help us unlock our creative potential and free us of real-world constraints — physical, financial or otherwise,” the team at Climate Replay said. However, they cautioned about the current state of digital assets intertwining with gaming:  “Most NFTs, and by consequence, most…

$27K ‘max pain’ Bitcoin price is ultimate buy-the-dip opportunity, says research

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Bitcoin (BTC) is facing calls for a significant price dip this week, and while some favor $30,000, there may be a safer bottom to long BTC. In a tweet on April 28, on-chain analysis platform Whalemap used whale support to determine where “many” investors should enter the market. Should hodlers hope for “max pain”? With Bitcoin whales in focus at what is the most historically significant consolidation zone in Bitcoin’s history, their buying and selling matters . Last month’s push to near $50,000 was thwarted, among other things, by large-volume…

Cryptocurrency market value tops $2 trillion market cap for the first time

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #crypto #bitcoin #cryptocurrency Yahoo Finance’s Jared Blikre reports on the cryptocurrency market hitting $2 trillion market cap for the entire space. Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, get the tools you need to invest with confidence. Discover new opportunities with expert research…

Central African Republic Has Adopted Bitcoin as Reference Currency — Office of the Presidency – Featured Bitcoin News

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Following the confusion that surrounded initial reports, a senior staffer in the Central African Republic (CAR)’s presidency has now confirmed that bitcoin will become the country’s reference currency. First Country in Africa to Officially Adopt Bitcoin A press statement supposedly issued by the office of the Presidency of the Central African Republic (CAR) appeared to confirm reports by multiple media outlets suggesting that the bill passed by the National Assembly not only proposes to govern cryptocurrencies but recognizes bitcoin as a reference currency. In a statement posted on Facebook, Obed…

US Economy Shrinks Unexpectedly, Amplifying Recession Fears

“Today’s numbers suggest that we are likely closer to a recession than previously thought,” said Joe Haggenmiller, head of markets at XBTO, a crypto finance firm. “It therefore stands to reason that if negative growth persists, the equity markets may suffer and bitcoin may as well because of its positive correlation.” Source

VegaX Expands B2B Technology for Institutional Clients to Unlock Crypto Market – Press release Bitcoin News

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press release PRESS RELEASE. NEW YORK, April. 28, 2022 — VegaX Holdings (“VegaX”), the cryptocurrency index platform providing actionable cryptocurrency indexes and index-based asset management products for traditional investors globally, announced the company’s first partnership with institutional investment manager, UNCAP Investment Management, providing the fund with access to proprietary portfolio rebalancing tools and indexes to enhance investment returns from the cryptocurrency markets. VegaX clients are globally distributed, with a recent influx of new traditional funds and institutions actively seeking the firm’s crypto index products and technology. VegaX CEO, Sang Lee…