Month: June 2022

Can Cardano’s July hard fork prevent ADA price from plunging 60%?

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Cardano (ADA) has started painting a bearish continuation pattern on its longer-timeframe charts, raising its likelihood of undergoing a major price crash by August. ADA price in danger of a 60% plunge Dubbed the “bear pennant,” the pattern forms when the price consolidates inside a range defined by a falling trendline resistance and rising trendline support after a strong move downside. Additionally, the consolidation moves accompany a decrease in trading volumes. Bear pennants typically resolve after the price breaks below their trendline support and, as a rule, could fall by…

What It Takes to Get a Job in Crypto

Youngblom supports Ong’s assertion. “I mean, even companies that six months ago, people might have thought were immune, like Coinbase, they’re experiencing massive layoffs. I don’t think it’s that controversial to say that crypto companies, or blockchain companies in general, are a little more exposed to the vicissitudes of the economy.” Source

Fetch.ai Announces DabbaFlow, A File Sharing and Data Management Platform

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Fetch.ai, the development team building an open-source, machine learning-powered network for smart infrastructure and customizable dApps, has launched DabbaFlow. In a press release, Fetch.ai said the ready-made and end-to-end encrypted file-sharing system is the first of its kind and would empower businesses and entities to take control of their data privately and securely. Notably, DabbaFlow leverages the benefits of the Fetch.ai blockchain to ensure privacy preservation of all sensitive data transmitted on its rails. All data piped through the product will be auditable and secure, a guarantee vital for maintaining…

Luxor Launches Hosting Marketplace for Bitcoin Miners Amid Build-Out Delays

“There have been widespread delays in infrastructure build outs due to supply chain constraints, operational complexity and power delays,” Lauren Lin, Luxor’s operations manager, told CryptoX. “These problems have led many investors such as family offices, hedge funds, and high-net worth individuals to look at hosting options with established miners to get up and running.” Source BitcoinBuildOutDelaysHostingLaunchesLuxorMarketplaceMiners CryptoX Portal

Must staking and liquidity pool lock-ups change to see crypto mass adoption?

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The recent downturn in the broader crypto landscape has highlighted several flaws inherent with proof-of-stake (PoS) networks and Web3 protocols. Mechanisms such as bonding/unbonding and lock-up periods were architecturally built into many PoS networks and liquidity pools with the intent of mitigating a total bank run and promoting decentralization. Yet, the inability to quickly withdraw funds has become a reason why many are losing money, including some of the most prominent crypto companies. At their most fundamental level, PoS networks like Polkadot, Solana and the ill-fated Terra rely on validators…

The Sandbox Partners With Time Magazine to Launch the “Time Square” on the Metaverse

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The popular blockchain gaming company, The Sandbox, has joined forces with TIMEpieces, the NFT arm of TIME Magazine. According to the announcement, the partnership’s goal is to reimagine Times Square, the iconic New York City landmark, as a virtual hub for commerce and art in the Metaverse. To consolidate this collaboration, TIME acquired land in The Sandbox. This newly acquired land will house the virtual TIME Square landmark and serve as the platform’s space for virtual experiences as TIMEPieces holders would be able to attend exclusive meetings on the land.…

SEC’s Gensler Reiterates Bitcoin Alone Is a Commodity. Is He Right?

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In Saylor’s world, the government’s stamp of approval is a stepping-stone towards bitcoin being embraced as a “treasury reserve asset” for “politicians, agencies, governments and institutions” the world over. Because bitcoin is capped at 21 million coins, and cannot be debased as it acts as a buoy against the “melting ice cube” that is an inflating fiat economy. Original

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XTZ, FLOW Reach Multi-Week Highs on Tuesday – Market Updates Bitcoin News

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XTZ rose to its highest point in nearly three weeks on Tuesday, as the token climbed for a second straight session. The move came as FLOW was also trading higher, as prices of the coin moved closer to $2. Overall, crypto markets were 0.90% lower as of writing. Tezos (XTZ) XTZ rose to a multi-week high on Tuesday, leading prices to a collision with a long-term resistance level in the process. Tuesday saw tezos climb to an intraday peak of $1.68, which is nearly 9% higher than yesterday’s low at…