Day: May 10, 2022

Blue Chip NFTs 101 – What Is The Proof Collective And Who’s Behind It?

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The mysterious organization known as The Proof Collective defines itself as “a private members only collective of 1,000 dedicated NFT collectors and artists.” To join the Proof Collective someone would have to, you guessed it, own their NFT. So, in theory, anybody can be a part of it. In practice, though, the floor price for one of their passes is around 88 ETH at the time of writing. The size of the investment keeps the undesirables away. The Proof Collective is all about NFTs. Because it’s the law, they run…

10-month BTC price lows spark $1B liquidation as Bitcoin eyes $35K CME futures gap

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Bitcoin (BTC) upended buy trends through May 10 as BTC/USD sank below $30,000 for the first time since July 2021. Data from on-chain analytics firm CryptoQuant showed exchange reserves start increasing as panic gripped crypto markets. BTC flows back to exchanges After seeing a sustained downtrend, the amount of BTC on major exchanges has begun to increase again. According to CryptoQuant, which tracks the balance of 21 major exchanges, sellers sent a total of 37,537 BTC to accounts from May 6 to May 9 inclusive. The deposits came as BTC…

Bitcoin (BTC) investors panic as terraUSD (UST) sinks below $1 peg

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Bitcoin is now down 50% from its November all-time highs. Artur Widak | Nurphoto | Getty Images Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its intended $1 peg. TerraUSD, or UST, sank below 70 cents for the first time late Monday, as holders continued to flee the token in what some have described as a “bank run.” The token fell as low as 62 cents before regaining ground to trade at 90 cents Tuesday, according to Coinbase data. Created by Singapore-based Terraform…

HUMAN Protocol Foundation Awards Grant to VeritaTrust to Build on-Chain Rewards for Reviews – Press release Bitcoin News

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press release PRESS RELEASE. Georgetown, Cayman Islands, May 10, 2022 – Today, HUMAN Protocol has announced that it has awarded a grant to VeritaTrust to power on-chain reviews. Following the announcement of HUMAN Protocol’s $10 Million funds dedicated to grants, this work with VeritaTrust represents their very first grant awarded since the inception of this program. VeritaTrust are seeking to reward reviewers with cryptocurrency for their reviews on products and services; and to use blockchain technology to track the reviews, as well as the corresponding reputation of reviewers. The VeritaTrust…

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Nigerian Crypto Restrictions and Twitter Ban Have ‘Crippled Foreign Direct Investment in the Fintech Industry’ – Emerging Markets Bitcoin News

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A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have “crippled foreign direct investment in the fintech industry.” Foreign Direct Investment ‘Crippled’ A new report has found that restrictions imposed by Nigerian authorities on crypto trading may have contributed to the reduced foreign direct investment that goes to the fintech industry. The same restrictions, as well as the banning of Twitter, have also adversely affected young Nigerians who were earning money via crypto trading. The report, which is…

As Crypto Competition Intensifies, How Should CoinEx Futures Stand Out?

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Over the past year, the trading volume of futures had surged. Thanks to the crypto bull of 2021, a wide range of decentralized projects have flourished, which has catalyzed the growth of the futures market. As the crypto bull advanced, the futures market remained popular throughout 2021. Right now, it has even surpassed the spot market and become the mainstream investment choice among crypto users. Meanwhile, the trading volume of futures has reached new highs despite the switch to a bear market. Earning multiplied returns by trading futures is one…