Month: April 2022

WHAT IS THE WORST CASE SCENARIO FOR THE CRYPTO MARKET?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What is the worst-case scenario for the crypto market? At this point, the majority of retail investors have been totally wiped out and most of the markets are bearish. The overall market sentiment is that of extreme panic and many wish they had never entered the crypto market in the first place. But what does the technical analysis say? Almost all momentum oscillators are reset, Bitcoin is re-testing the descending trendline as support. If we lose that level, there will be 3…

HBAR Foundation launches a $250M metaverse fund to enhance consumer brand adoption

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The HBAR Foundation, a not-for-profit independent organization of distributed ledger firm Hedera Hashgraph, has announced the establishment of a $250 million dollar metaverse fund to drive consumer brand adoption of tokenized Web3 applications. The foundation’s team has identified applications within both the Web3 and Hedera ecosystems that build direct from business-to-consumer and act as a reciprocal middle-man between all parties for the metaverse fund to focus their efforts across four sectors: blockchain gaming, the brands and collectibles market, sporting experiences and institutional metaverse opportunities. The fund’s inaugural recipient, Sayl, operates an owner…

Coinbase Triggers Altcoin Rally As ‘World’s Lightest Blockchain’ Hits Top Crypto Exchange

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Leading US-based crypto exchange platform Coinbase is listing “the world’s lightest blockchain” after a two-week delay. News of the listing sent Mina Protocol (MINA), a privacy-focused payments protocol clocking in at a size of just 22 kilobytes, surging from its 24-hour low of $3.04 to $3.48, a 14.5% increase. According to the crypto project’s website, MINA’s small size allows anyone to connect to the internet using their smartphone to validate the blockchain’s transactions. Mina protocol uses zero-knowledge (ZK) proofs to secure user data while executing smart contracts. ZK proofs allow…

Bitcoin Falls As FED Gets Hawkish, Why This Could Be A Dip Opportunity

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Bitcoin records a 7% drop in the last week as yesterday’s Federal Open Market Committee (FOMC) hints at a more aggressive U.S. Federal Reserve. As investors reacted to a tougher monetary policy, selling pressure rejected BTC’s price from the mid area around its current levels. Related Reading | The Bitcoin Resistance Level That Just Won’t Budge At the time of writing, Bitcoin trades at $43,400 with a 3% loss in 24-hours and with potential to re-test more areas of support. BTC trading in a range since the start of 2022…

Celebrity NFTs – What Do They Actually Achieve?

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More and more celebrities are joining in on buying and creating NFTs. But where can you actually buy a celebrity NFT? And what does it achieve? During your morning social media scroll, you may have noticed, among all the selfies and vacation photos, the messages from celebrities endorsing NFTs. NFTs are assets on the blockchain that are unique thanks to their identifying information recorded in smart contracts. Creators may tokenize anything from music and photographs to videos or illustrations using NFTs. Most of the discord surrounding NFTs goes down on…

Vitalik Buterin quietly donates $5M ETH to aid Ukraine as total tracked crypto donations reach $133M

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As told by Aid for Ukraine, a joint initiative created by the Ukrainian government, FTX, Everstake and Kuna to rally crypto donations for the country, Ethereum (ETH) co-founder Vitalik Buterin made $5 million worth of ETH donations to Ukraine in early April. According to the entity, despite the large donation sum, Buterin did not make an announcement regarding the transaction. It was eventually linked to him via the Ethereum Name Service domain name “vitalik.eth,” which served as the origin of the transfer. .@VitalikButerin donated almost $2.5M in $ETH to @_AidForUkraine…

ETC Biggest Gainer in Top 30 on Thursday, ZEC Also Rises – Market Updates Bitcoin News

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Ethereum classic was easily the biggest gainer in the top 30 on Thursday, as the global crypto market was trading 0.9% lower as of writing. ZEC was also higher on the day, in what was a choppy session, as volatility remained higher, following a recent decline in prices. Ethereum Classic (ETC) Ethereum classic (ETC) was one of the only cryptocurrencies in the top 30 to climb on Thursday, following a turbulent market session. Following a low of $38.40 on Wednesday, ETC/USD rallied to a peak of $43.11 during today’s session.…