Month: July 2022

Ankr Network’s 2.0 upgrade aims to improve Web3 decentralization

Decentralized Web3 infrastructure provider Ankr Network (ANKR) has introduced its Ankr Network 2.0 upgrade aimed at transitioning blockchains into more resilient node networks. The upgrade is detailed in the Ankr 2.0 Whitepaper which was obtained by Cryptox ahead of its release later today. The upgrade centers around making Web3 more decentralized through several new features, such as an option to run an independent node, the ability to stake ANKR tokens on a full node, and the Ankr DAO. A spokesperson explained to Cryptox: “The upgrade is aimed at transitioning more…

Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary

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Millionaire investor from the Shark Tank TV show Kevin O’Leary says there’s going to be “total panic” and “massive volatility” in the crypto markets ahead before the industry swings back toward stronger firms and clearer regulations. Despite the recent fall of crypto finance firms including Voyager Digital and Celsius, O’Leary told Cointelegraph on July 13 that we’re still missing a “real big event” seen in previous market cycles before we go back to accelerated growth in the space, stating:  “This passion play gets played out over and over again.” Some…

Monopoly Millionaire Game Raised $1 Million in Seed Funding – Press release Bitcoin News

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press release PRESS RELEASE. Monopoly Millionaire Game, a marine-themed GameFi that involves island construction, cultivating, shooting and more, announced that it has completed a seed funding of 1 million US Dollar. By this round of funding, MMG was valued at 10 million US Dollar. Mirana Ventures led the seed funding round. Other notable investors included Kernel Ventures, Mint Ventures, Crypto J, and Ventorylabs. MMG Team said it will use the fund to help realize the MMG GameFi vision and attract more users to participate in the Web3 games. In MMG,…

Mid Cap Crypto Coins Lead In July, Best Way To Weather The Winter?

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While the crypto market had succumbed to the winter, there are some digital assets that have refused to be dragged down with it. These cryptocurrencies putting up a harder fight than even their larger counterparts have been able to keep their heads above water. Two weeks into the new month and most assets in the space are already in the red. However, the Mid Cap cryptocurrencies have barreled in the opposite direction. Mid Cap Index Takes The Lead The July market has not been a favorable one for investors. This…

NFTs – SNL

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A group (Jack Harlow, Pete Davidson, Chris Redd) performs a rap explaining cryptocurrency. Saturday Night Live. Stream now on Peacock: Subscribe to SNL: Stream Current Full Episodes: WATCH PAST SNL SEASONS Google Play – iTunes – SNL ON SOCIAL SNL Instagram: SNL Facebook: SNL Twitter: SNL TikTok: GET MORE NBC Like NBC: Follow NBC: NBC Tumblr: YouTube: NBC Instagram: #SNL #MayaRudolph #JackHarlow #SNL46 ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Why This Cardano Based Lending Platform Records A 20% Up In TVL

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Data from DeFi Llama records a massive increase in the total value locked (TVL) of FluidTokens, a Cardano-based lending protocol. This blockchain deployed its smart contract capabilities in late 2021 and has been experiencing a spike in ecosystem growth as more projects are launched on mainnet. Related Reading | When Will The Extended Stretch Of Extreme Fear In Crypto End? According to DeFi Llama, the Cardano-based lending and borrowing platform has seen a 20% increase in its TVL for the past week and a 56,600% increase in its TVL during the…

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Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters – Markets and Prices Bitcoin News

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During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed for Chapter 11 bankruptcy, CEL was exchanging hands for $0.961 per unit. Following the news that the company filed for bankruptcy protection, the native crypto asset dropped 58% to a low of $0.40 on the same day. CEL has managed to climb back from the drop as the digital currency is currently swapping for prices between $0.69 to $0.73 per…

OpenSea lays off 20% of its staff, citing ‘crypto winter’

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Nonfungible token (NFT) marketplace OpenSea announced mass layoffs on Thursday, joining other crypto companies in reducing headcount during one of the most volatile periods in the industry’s history.  Co-founder and CEO Devin Finzer took to Twitter Thursday afternoon to disclose that his company was laying off up to 20% of its staff. In a long message conveyed to employees, Finzer blamed “an unprecedented combination of crypto winter and broad macroeconomic instability” for the layoffs.  Today is a hard day for OpenSea, as we’re letting go of ~20% of our team.…

CleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’

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Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin miners amid the market downturn, reporting a “substantially discounted price” compared to that earlier in 2022. In a Thursday blog spot, CleanSpark said it had acquired 1,061 Whatsminer M30S rigs currently mining Bitcoin (BTC) at the Coinmint facility in New York, whose space the company shares with Riot Blockchain. The mining firm said it had purchased the machines for far less of price than that “just a few months ago,” hinting the recent bear market was responsible. CleanSpark…