Day: July 15, 2022

Indian blockchain firm 5ire secures $100M to fund sustainability-focused project

An ambitious sustainability-based blockchain project has secured $100 million in a Series A funding round to drive its development. Indian entrepreneurs Pratik Gauri and Prateek Dwivedi have spearheaded the foundation of a fifth-generation blockchain network known as 5ire, which looks to incentivize the implementation of United Nations’ sustainable development goals (SDGs) for users of its system. The project has now attracted a total of $121 million in investment. A seed round secured $21 million from notable tech investors, including Alphabit, Marshland Capital, Launchpool Labs and Moonrock Capital. A subsequent series…

Today's Crypto News | Very Important Cryptocurrency Day

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Shanghai Aims to Grow a $52 Billion Metaverse Cluster by 2025 – Metaverse Bitcoin News

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The Government of the city of Shanghai has proposed a group of guidelines to help it shift into a metaverse power. The plan of action defines each one of the technologies that the municipality needs to focus on to achieve the goals of building a $52 billion metaverse economy, while at the same time helping to establish 10 innovative companies in the area. Shanghai Establishes Metaverse Development Plan The metaverse is emerging as a technology that is attracting the interest of major countries and cities in the world.…

Avalanche Notches Solid Mid-Week Bounce

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The native token of Avalanche, AVAX, registered a strong upswing this week, suggesting that the altcoin is gaining a lot of traction at its current prices. As of this writing, AVAX is trading at $19.95, up 1.9% in the last seven days, data from Coingecko show, Friday. The token’s market value grew by more than 4 percent in the preceding 24 hours and by more than 11 percent on Tuesday, a swift comeback from its bearish performance over the weekend. Suggested Reading | CEL Token Price Plummets 50% As Celsius Goes…

Mining Crypto VS Hosting Crypto- Which one is better?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is it better to buy crypto mining equipment or pay for hosting? In this video I want to compare the benefits and drawbacks when looking at the decision to host or buy and operate your own bitcoin and crypto mining machines. Hosting is really easy and low maintenance while buying and operating your own miners can be a much more labor intensive operation. I am currently mining for bitcoin but I want to share with you why I decided to go down…

Paradigm Leads $16M Funding Round for Hang

“Hang offers brands a new way to offset these acquisition costs and increase the value of their existing user base, by harnessing the unique advantages of NFT technology to transform the relationship they have with their customers and build a new one rooted in shared incentives, reciprocity and community,” he added. Source 16MfundingHangLeadsParadigm CryptoX Portal

BTC mining costs reach 10-month lows as miners use more efficient rigs

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The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak. On July 13, strategists from JPMorgan led by Nikolaos Panigirtzoglou told investors that Bitcoin production costs have fallen to around $13,000 from $24,000 at the beginning of June. This is the lowest it has been since September 2021, according to the analysts citing a chart from Bitinfocharts, and comes as mining difficulty has fallen from its May highs of 31.25T to 29.15T. Lower…

34% of gamers want to use crypto in the Metaverse, despite the backlash

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Despite a backlash from a vocal part of the gaming community, a new survey has revealed one-third of gamers have expressed interest in using crypto in the Metaverse. And more gamers than not believe the Metaverse will have a positive impact on gaming. The survey was published on July 13 by institutional software developer Globant. It was conducted by YouGov and polled 1,000 adult PC, console and/or mobile gamers last month, with 34% of respondents indicating an interest in conducting crypto transactions in Metaverse. The concept of play-to-earn (P2E) in…

A Breakout Above This Level Could Help Polkadot Recover On Chart

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Polkadot has witnessed continued downfall in price since the last month. It has now established its support level at $6.30, however, the coin has been trading very close to that support level. After it broke below the $6.66 support line, the coin has spiralled downwards. It retested the $6.30 level the past month. Technical outlook for the coin displayed build up of bullish pressure. The price of the altcoin has remained sandwiched between the $6.58 and $6.30 levels over the last trading sessions respectively. DOT has continued to face rejections…

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