Day: June 6, 2022

2 Tokenized Gold Crypto Projects Saw Massive Growth Over the Last 15 Months – Altcoins Bitcoin News

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15 months ago the price of one ounce of fine gold was $1,790 per ounce and since then, it has increased in value 3.51% to today’s $1,853 per ounce exchange rate. While gold has risen in value, the top two tokenized gold coins have grown significantly since then. Pax gold (PAXG), for instance, has seen its market capitalization grow 407% since February 26, 2021, and Tether’s XAUT market valuation swelled by 248% since that day. Presently, PAXG’s and XAUT’s market capitalizations combined equate to just over $1 billion in value.…

Amid crypto bear market, institutional investors scoop up Bitcoin: CoinShares

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Digital asset investment products registered positive inflows last week, though the gains were mainly concentrated in Bitcoin (BTC) funds, signaling a more cautious approach to crypto allocation on the part of institutional investors.  Bitcoin investment products saw cumulative inflows totaling $126 million in the week ending Saturd, according to the latest fund flows report from CoinShares. Year-to-date, Bitcoin investment funds have quietly added $506 million in net inflows. Investors appear to be allocating to Bitcoin at the expense of Ether (ETH) and other altcoins. Ether funds saw $32 million in…

036 – Can Green Bitcoin Mining lead to Green Oil? Plus all latest Energy Tokens News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In the latest Episode of BOOM! it’s on the Blockchain we discuss in detail carbon tracking of energy projects, bitcoin mining in the oil and gas and renewable sectors and can we create a future of Green Oil. Join Alastair Caithness and Garret Pete for the interesting update. Subscribe to – Boom! It’s on the Blockchain – Plus all the latest news on the Energy Tokens Platform – #bitcoin #blockchain #energy #energytokens #energyledger #oilandgas #carbon #carbontracking #greenoil #ziyen ▶ Coinbase Website: Coinbase.com…

DEA Appoints Tatsuya Kohrogi Vice President & Head Of Global Business

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Singapore-based GameFi ecosystem Digital Entertainment Asset Pte. Ltd. (DEA) has revealed the appointment of Tatsuya Kohrogi to the role of Vice President and Head of Global Business. Kohrogi will be leveraging his extensive experience to help DEA expand into new markets. Commenting on the company’s latest talent acquisition, DEA CEO Naohito Yoshida notes, “Tatsuya is a dynamic leader and is highly experienced in building partner relations, creating and implementing leading initiatives and strategies. As we begin to expand our business across Asia, Europe, and North America, we are confident each…

Avalanche price eyes 30% jump in June with AVAX’s classic bullish reversal pattern

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Avalanche’s AVAX token shows signs of continuing its ongoing rebound move as it paints a classic bullish reversal pattern. AVAX price to $35? Dubbed a “double bottom,” the pattern appears when the price establishes a support level, rebounds, corrects after finding a resistance level, pulls back toward the previous support and bounces back toward the resistance level to pursue a breakout. Since May 27, AVAX’s price trends appear like those typically witnessed during the double bottom formation. Specifically, the AVAX/USD pair on the four-hour chart has bounced twice after testing the same support…

CertiK shares security tips following third BAYC security compromise in six months

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On June 4, the popular nonfungible token, or NFT, project Bored Ape Yacht Club (BAYC) suffered its third security compromise this year. Nearly 142 Ether (ETH) ($250,000) worth of NFTs was stolen after hackers gained access to the Discord account of a BAYC community manager and posted a message with a link to a fake website. The link advertised a limited-time free-NFT giveaway to users who connected their wallets, which were then drained of NFTs. During two prior occasions in April, hackers breached BAYC’s Discord and Instagram pages and managed to…

Cathie Wood’s Ark Invest: Bitcoin’s Fundamentals Remain Strong as Short Term Holders Show Signs of Capitulation – Report

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Ark Invest’s “Bitcoin Monthly” May Report shows fundamentals are stronger than ever for Bitcoin. According to the report, 66% of Bitcoin’s supply has not moved in over a year. Short-term holders appear to have already capitulated, with their positions dropping 35% over breakeven price. The impact of Terra’s UST & Luna collapse on Bitcoin appears to be contained.  Ark Invest’s “Bitcoin Monthly” report authored by CEO Cathie Wood and other ARK Invest analysts provides a crypto market summary and details of relevant on-chain activity. According to the report, ‘hodlers’ are…

Eurovision Winners’ NFT Auction Raises $900K for Charity – Metaverse Bitcoin News

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Kalush Orchestra, the winners of the Eurovision Song Contest 2022, have successfully auctioned off an NFT for charity. The auction was held on MetaHistory — the official Ukrainian charitable NFT museum – and raised $900,000 in cryptocurrency for Ukraine. MetaHistory and Kalush Orchestra’s NFT Charity Auction The largest European crypto exchange originating from Ukraine, WhiteBIT took home the iconic crystal microphone trophy. The auction on the MetaHistory platform raised $900,000 with the Eurovision Song Contest 2022 prize sale. WhiteBIT simultaneously broke two Ukrainian records. They made the most expensive (500…

Ethereum Single-Day Liquidations Reach Three-Year High As Price Breaks $1,900

Ethereum is back on another winning streak as it breaks above $1,900. This follows a weekend that was mostly characterized by low momentum but would eventually turn for the better. In the wake of this, there have been a lot of short liquidations in the market due to the recovery. However, the liquidations in Ethereum hit a new three-year high when thousands of short positions were liquidated on the Bitfinex cryptocurrency exchange. Bitfinex Short Liquidations Grow The Bitfinex crypto exchange is one of the largest exchanges in the world and…