Day: June 23, 2022

Crisis in crypto lending shines light on industry vulnerabilities

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The crypto market has entered a bearish phase as prices of major cryptocurrencies have fallen to a four-year low. The current downturn in the crypto market has driven several crypto firms to go out of business, while many have made severe job cuts to remain afloat. The crypto market crisis began with the Terra debacle that saw $40 billion in investors’ money vanish from the market. At the time, the crypto market showed good resistance against such a massive collapse. However, the after-effects of the collapse had a greater impact…

Gucci Invests $25K in DAO of NFT Marketplace SuperRare to Start Digital Art Vault

The exhibition, titled “The Next 100 Years of Gucci,” is a series of collectible art pieces that consider Gucci’s heritage and future. “The vault is Gucci’s digital space,” SuperRare co-founder and chief product officer, Jonathan Perkins, said. “And they’re going to be working with artists and selling art through their space, which will be powered by SuperRare technology.” Source

Bitcoin hodler data hints BTC price ‘really close’ to bottom — analysts

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Bitcoin (BTC) could have already seen a price bottom or be “really close” to one, analysts believe eyeing new data this week. In a Twitter thread on June 22, well-known indicator creator David Puell revealed what he argues “looks interesting” about current Bitcoin buying and selling. “High likelihood” bottom is in With many sources calling for BTC/USD to dip to $14,000 or lower, bullish takes on current price action are few and far between. For Puell, however, dynamics between long-term (LTHs) and short-term holders (STHs) hint that the situation is…

I mined the top 12 cryptos on my Graphics Card and made ??? (GPU mining profitability 2022)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video I mined 12 of the top GPU mineable crypto coins on my graphics card. I mined each coin for 3 days each on one of my RTX 3070, and I then compare how much money I made mining each coin after 3 days. I did this to find out what is the most profitable crypto coin to mine in 2022 on graphics cards. I started out by checking whattomine to see mining profitability in 2022, I then mined 12…

NHL Partners With Sweet to Offer Digital Collectibles, NFTs

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University of Cincinnati turning crypto craze into educational curriculum

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Cryptocurrencies are attracting a lot of attention from academic institutions as they become increasingly accepted as an alternative to conventional assets. The University of Cincinnati (UC) in Ohio, United States, has even established courses around cryptocurrency as part of its curriculum. In fact, UC is working on two new programs that will educate students about cryptocurrencies like Bitcoin (BTC) and emerging financial technologies, according to a Wednesday UC News story. The reports state that the projects are being funded by Dan Kautz and Woody (Woody) Uible, who will provide them…

MATIC Jumps as Polygon Introduces Improved Privacy for DAOs

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Meta, Microsoft, and Others Launch Metaverse Standards Group – Metaverse Bitcoin News

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Meta, Microsoft, and 31 more companies have united to form an organization to promote the creation of open standards regarding metaverse tech. The institution, named the Metaverse Standards Forum, will focus on establishing standards to make each one of the metaverses on the internet interoperable, which would ideally permit these worlds to communicate. The Metaverse Standard Forum Is Born While the metaverse is a loose concept that each company interprets and builds according to its own will, some think it is important to connect these individual worlds. This…