Day: June 7, 2022

Crypto Community Sees Nearly 80% Upside For Ethereum By End Of June

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The crypto crash can be unnerving, but the crypto community sustains its bullish position for the Ethereum (ETH) price by June 30, 2002. They are projecting it to soar by 78% at the end of the month. The CoinMarketCap community has predicted ETH will trade at $3,140 at the end of the month. This latest project has accumulated over 15,362 votes and an accuracy record hitting 65%. Hence, when you compare the current value of ETH, which is at $1,758, to the projected value of the crypto community, an increment…

Bitcoin drops 5% to again trade below $30,000 as sell-off resumes

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A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022. Alex Pena | Anadolu Agency | Getty Images Bitcoin fell below $30,000 again Tuesday as the cryptocurrency’s recent sell-off resumed. The largest cryptocurrency by market cap slumped 4.7% to $29,875.25, according to Coin Metrics. Bitcoin had gained more than 4% to trade above $31,000 in the previous session. Ether dropped 4% to $1,784.43 on Tuesday. Bitcoin has lost more than half of its value from an all-time high of $68,982 reached in November. The digital token had…

How to buy NFTs on Solana?

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The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem. The fee factor serves as a major deterrent to anyone wanting to execute transactions on the blockchain. A report published by Reuters revealed that the NFT sales volume was $24.9 billion in 2021, considerably more than the $94.9 million in 2020. The number of wallets trading in NFTs jumped to about 28.6 million, from a modest 545,000 in 2020. Recently, when Bored Ape minted its NFTs, the gas…

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Blockchain Network Cronos Launches Accelerator Program to Support DeFI, Gamefi Startups

The Cronos Accelerator Program, which is funded by the $100 million Cronos Labs Ecosystem Fund, will provide seed investment opportunities from $100,000 to $300,000 to pre-seed-stage and seed-stage blockchain projects, as well as additional grant funding for security audits, node services and gas fees. The program will also pair startups with mentors and provide weekly workshops on topics associated with protocol building. In addition, participating startups can explore investment opportunities with Cronos’ VC partners. Source link

Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC

Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 20 employees announced on June 6 that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).”  The group will also “start accepting Bitcoin payments for all of our services, with a 50% discount when paid in Bitcoin.” Today, Octagon Networks becomes the first cybersecurity company to convert it’s entire balance sheet into #Bitcoin. We will also start accepting payments in Bitcoin, and offering a discount to…

Solana Blockchain Tops $2 Billion All-Time NFT Sales Despite Market Slump

Solana is head-strong in complete command-and-conquer form, hitting new milestones left and right. It has just notched its highest all-time NFT sales volume, with over $2.35 billion as of this writing. This new milestone has placed Solana in third place, following Ethereum and Ronin, two of its biggest rivals. Suggested Reading | STEPN App Gets Bombarded With Another Round Of DDoS Attacks Solana Leads With $2.35 Billion ATH Coined as the “Ethereum Killer,” Solana has catapulted to be the most popular blockchain platform for NFTs as more and more NFTs…

London Metal Exchange hit with two U.S. lawsuits over nickel trading chaos

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Traders operate in the Ring, the open trading floor of the new London Metal Exchange (LME) in central London. Matt Clinch | CNBC LONDON — A second U.S. firm has sued the London Metal Exchange for $15.3 million over canceled nickel trades in March. Jane Street Global Trading filed a judicial review claim in the English High Court on Monday, a memo from LME-owner Hong Kong Exchanges and Clearing (HKEX) confirmed. The filing from the U.S. market maker comes just days after hedge fund Elliott Associates filed a suit for…