The latest moves in crypto markets in context for May 31, 2022. Source
First Mover Americas: BTC Finally Sees Rebound, but It Could Be Short-Lived
Day: May 31, 2022
Wealthy Coinbase clients are still ‘hodling’ Bitcoin since December 2020, data suggests
Bitcoin’s (BTC) price dropped by more than 50% after peaking out at $69,000 six months ago but the plunge did little in forcing some of its wealthiest investors into selling. Notably, the number of Bitcoin under Coinbase Custody for institutional clients rose by 296% since Q4 2020, showcasing the most investors decided to “hodl” onto their investments despite BTC price down well over 50% from its all-time highs. JUST-IN: #Bitcoin under @Coinbase Custody for institutional clients increased by 296% since Q4’20. pic.twitter.com/iILge2Cane — CryptoQuant.com (@cryptoquant_com) May 30, 2022 For instance,…
ETH Back Above $2,000 as Crypto Rally Extends – Market Updates Bitcoin News
ETH briefly rose above $2,000 on Tuesday, as crypto bulls were once again present in today’s market session. BTC was also higher, with the world’s largest cryptocurrency climbing to its highest point in nearly three weeks. Bitcoin Bitcoin rose to its highest level in nearly three weeks on Tuesday, as crypto prices continued to rally, following recent losses. Following a low of $29,363 to start the week, BTC/USD surged to a peak of $31,949.63 earlier today. This peak is the highest level bitcoin has traded at since May 9, when…
Amid P2E downturn, Sky Mavis turns to user-generated content for Axie Infinity
On Tuesday, Sky Mavis, creator of the popular fantasy monster-battle nonfungible token (NFT) game Axie Infinity, announced that it had accepted the first user-created projects in its Axie Infinity Builders Program. Out of 2,000 applications submitted, just 12 were selected for the Builders Program. Among the many perks, chosen teams will receive a minimum $10,000 grant — denominated in Axie Infinity’s governance token, Axie Infinity Shards (AXS) — to fund project development. They will also receive permission to monetize their game using the Axie Infinity brand with a revenue-share model.…
FTM Fantom Crypto Price News Today – Technical Analysis Update and Price Now! Fantom FTM Crash?
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io FTM Fantom Crypto Price News Today – Technical Analysis Update about the Fantom FTM crash! Cryptocurrency! In this video I talk about a technical analysis of the FTM Fantom price and I talk about some important price moves that are happening right now! FTM Fantom Price Prediction! Very important: – please do not reply to anyone with the MCO logo in the YouTube comments who sends you a Whatsapp number. This is scam! – please do not join any other MCO Telegram…
BNB Chain releases year-long technical roadmap to develop ecosystem
BNB Chain has announced the launch of a technical roadmap designed with the intention to enhance the network’s decentralized structure, infrastructural capacity for sidechains, and potential for developer-built decentralized applications (dApps) to improve performance and efficiency. Announced at BNB Chain Revelation Summit, the document also revealed the latest iteration of the Most Valuable Builder incubation programme for aspiring Web3 software engineers. In February this year, Binance Chain and Binance Smart Chain were merged to form what is now referred to as BNB Chain, a multi-chain infrastructure layer supporting the new ecosystem,…
How to get a job in the Metaverse and Web3
Can you work in the Metaverse? The Metaverse is the next big career path on which to land an ideal job with firms like Meta, Roblox, Microsoft, OpenSea, The Sandbox (SAND), and the many others constructing it. So, if you want to know how to land a job in the Metaverse, you need to be aware of what your role may look like. Essentially, your job will involve a combination of blockchain, artificial intelligence, 5G, gaming and other Web3 technologies like augmented reality and virtual reality. In this article, learn…
Polkadot’s Moonbeam Adds Liquid Staking Giant Lido
“It was quite hard to develop because you have these two different blockchains that communicate, the relay chain and parachain, and you also need to redistribute the stake on different validators,” said Lomashuk in an interview. “So it took a lot of research, but has made a great addition to our product line, where institutional and retail users can get liquid staking of the same quality on Polkadot as they do on Ethereum.” Source
Fireblocks Hires Former Bank of England Fintech Chief to Lead CBDC Efforts
Cryptocurrency custody firm Fireblocks hired Varun Paul, the former head of fintech at the Bank of England, as its first director of central bank digital currency (CBDC) and market infrastructure. Source
Singapore to explore digital asset tokenization on public chains
The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based digital assets trial that will use tokenization. The project will include regulated financial institutions serving as “trust anchors,” with a pilot involving JP Morgan, DBS Bank and Marketnode, the SGX joint venture for bonds. The Project Guardian initiative, which was announced during the Asia Tech x Singapore Summit on Tuesday, was spearheaded by Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat. It will see MAS explore decentralized finance (DeFi) applications in wholesale funding markets…