Day: May 18, 2022

Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon – Blockchain Bitcoin News

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The blockchain firm Aave has launched the Lens Protocol, a social media project with applications built on the Polygon blockchain. Lens is similar to the social media platform Twitter but Lens profiles are linked to a non-fungible token (NFT) that can be ported into decentralized applications. Lens Protocol Is Live – Aave Founder Believes People Are ‘Ready for a Better Social Media Experience’ On Wednesday, the blockchain company Aave announced that the Lens Protocol is now live and roughly 50 applications have debuted on the platform. Aave first revealed the…

Early polling from Terra vote indicates 91% are in favor of ‘rebirth’

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Terraform Labs CEO Do Kwon’s plan to create a new blockchain “without the algorithmic stablecoin” TerraUSD (UST) has the support of 85 million community votes. In a proposal opened to the Terra (LUNA) community on Wednesday, more than 91% of votes at the time of publication were in favor of “rebirthing” the Terra network — roughly 85 million out of 93 million, with up to 284 million votes yet to be cast. The proposal needs roughly 188 million votes in favor to pass before the window closes on May 25.…

Blockchain Gaming N3TWORK Studios Secures $46M in Series A Funding

Blockchain gaming startup N3TWORK Studios has secured $46 million in Series A funding led by venture capital firm Griffin Gaming Partners. The funds raised will be used to develop two web3 games from the studio, Legendary: Heroes Unchained and Triumph. Investors also include Kleiner Perkins, Galaxy Interactive, KIP, Floodgate, LLL Capital, etc. N3TWORK Studios has been working to expand the audience of crypto games and aims to upgrade web3 gaming experiences that will benefit all types of players. Under the financing agreement, Griffin Gaming Partners director Peter Levin will also…

Mike Novogratz Ends Twitter Silence, Shares Take on UST/LUNA Crash

The tweet links to a longer letter in which Novogratz reminded readers that it has been a “brutal macro backdrop” for all risk assets in 2022, with any number of growth stocks down 50%-70%, core crypto assets like bitcoin (BTC) and ether (ETH) off nearly 60%, and altcoins lower by an average of 80% from all-time price highs. The central banks, he said, are turning off the monetary spigots that contributed to a massive liquidity bubble. Source

IS THAT YOU SATOSHI?! OVER $20M IN BITCOIN SUDDENLY MOVES AFTER LYING LOW SINCE 2010!!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 💰 Earn Free Crypto on every trade over $10 with FTX US: Use Code: cryptonews A long-dormant Bitcoin whale has emerged after more than a decade of inactivity, according to whale-tracking bot Whale Alert. Some are speculating the possibility that they contain Satoshi coins, or BTC belonging to the pseudonymous founder of the flagship cryptocurrency, Satoshi Nakamoto. Whale Alert finds that the address, which was last active in October 2010, recently moved 489 Bitcoin worth over $20 million at time of transfer.…

Bitcoin price drops under $29K as Walmart, Target stock lose most since 1987

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Bitcoin (BTC) headed toward an “interesting” liquidity area on May 18 as United States stock markets opened with a bearish bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price nears “interesting” rematch with lows Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it broke through the $29,000 support after the Wall Street open. U.S. markets saw a swift reversal of prior gains on the day, with the S&P 500 down 2% and the Nasdaq 100 down 2.3% within the first hour of trading. The big surprise, however, came…