Day: May 11, 2022

Sculptor aims to use the Fearless Girl statue to empower women in crypto

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The creator of the Fearless Girl statue in New York, which stands for the empowerment of women, has brought the emblem into the crypto space by dropping a nonfungible token (NFT) counterpart for the symbolic art piece.  In an interview with Cointelegraph, sculptor Kristen Visbal told the story behind the artwork’s significance and how she aims to use it to empower women in crypto. According to Visbal, the piece is a symbol that fights for equality, the need for gender collaboration and parity. She explained that: “Fearless Girl legally stands…

Coinbase Shares Plunge as Weak Earnings Prompt Near-Term Caution

Coinbase is trading as though it will “burn through all of its cash and then become insolvent,” Mark Palmer, BTIG’s equity research analyst said in a note. Eventually, investors will recognize an opportunity in the shares, he said, calling the stock drop “greatly overblown.” BTIG maintained a buy recommendation and lowered the price target to $380 from $500. Source

Bitcoin falls back under $30K while 8.3% US CPI shows signs inflation has peaked

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Bitcoin (BTC) dropped by $1,500 in minutes on May 11 as the latest United States inflation data delivered mixed sentiment on the economic outlook. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin puts in fresh 10-month lows Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD diving from $31,500 to abruptly pierce the $30,000 support as the Consumer Price Index (CPI) figures went live. At 8.3%, CPI outpaced estimates by 0.2% but still fell 0.2% compared to last month’s readout. Reactions naturally began to focus on the idea that peak inflation…

Coinbase Ventures Backs Moralis’ $40M Funding Round

Web 3 development platform Moralis has raised $40 million in a Series A funding round, money that it will use to ramp up product development, improve the user experience and increase capacity for more and larger clients. Coinbase Ventures, the investment arm of crypto exchange Coinbase (COIN), was among the investors. Source

Drunk Robots Announces 4 Massive New Partnerships and a 5,000,000 $METAL Battle Prize Pool

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The post-apocalyptic city of Los Machines has become the hub of Play2Earn activity. After a sold-out IDO, Animoca Brands-backed Drunk Robots has partnered up with Infinity Force and 3 major guilds – has just rehauled its game economy after a sold-out IDO, increasing the rewards and making it even easier to enter the game. Drink, fight, earn After ‘play to earn’ and ‘move to earn’, has the time come for ‘drink and fight to earn’? At least that’s what the robots of Los Machines do all day long: consume vast…

Backed by Coinbase and Alameda, African exchange MARA eyes continental prospects

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East Africa is set to welcome a new cryptocurrency exchange backed by a formidable list of industry heavyweights looking to tap into a continent full of potential users. Coinbase Ventures, Alameda Research, Huobi Ventures and other prominent venture capital firms and angel investors have contributed $23 million to launch MARA. The exchange will initially operate in Kenya and Nigeria, offering new users a basic exchange platform to acquire, trade and withdraw cryptocurrencies. The platform will offer a professional exchange featuring extensive trading options and technical analysis tools for more experienced…

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