Month: July 2022

Up in smoke: Artist Damien Hirst to burn 4,851 paintings in NFT project

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Almost half of the buyers of Hirst’s “The Currency” collection wanted to keep the NFT version. The United Kingdom’s reportedly richest living artist, Damien Hirst is set to burn thousands of his paintings as part of a year-long nonfungible token (NFT) project called “The Currency.” Starting in September, visitors to Hirst’s private London museum will be able to view some of his 10,000 oil paintings depicting unique dots he created in 2016 and linked to NFTs in 2021. Buyers of the $2,000 floor-priced NFTs were given the option to keep the…

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Bucking the Trend With Karmaverse Zombie – Sponsored Bitcoin News

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sponsored A crypto winter has come. With BitCoin (BTC) falling over 70% from its all time high along with Ethereum, and a steady drumbeat of news involving crypto-related funds, companies, and projects collapsing, it is clear that the last round of cryptomania has come to a close. Even juggernauts of GameFi such as Axie Infinity (and its AXS coin) have seen prices tumble; without an endless flow of new money, only those with sustainable business models will survive.   Against the Current: Karmaverse Zombie In this kind of bear market,…

First Mover Americas: Crypto Traders Await Fed Meeting, Bitcoin Rises, Cathie Wood’s Ark Dumps Coinbase Shares

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'Bullish rate hike' — Why crypto spiked today in the face of bad news

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The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets. Crypto markets have been pumping since the announcement of a 75 basis point interest rate hike in the United States, with experts explaining that the markets may have been initially bracing for much worse. On July 27, price of Bitcoin (BTC) surged around 8% to the mid $22,500 mark following the Federal Open Markets Committee (FOMC) decision to raise interest rates yet again. Many other top crypto assets…

Bitcoin Mining in June 2022 – Still Profitable?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, let’s talk about Bitcoin Mining in June 2022 – Still Profitable? #bitcoinmining #bitcoin #bitcoin2022 This video reflects my opinion only; numbers and data are approximate and may become inaccurate as time passes.This video may not be objectively accurate. It’s just my opinion. Images used are for educational purposes only. Videos provide host(s) commentary on developing technology and science. This information may change at any time. I am not an investing professional or advisor. Always consult a wealth management professional…

Chainlink Pictured Chance Of A Further Pullback To This Level

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Chainlink was bearish on its chart at the time of writing. Over the last week, the coin witnessed significant decline on its chart. Despite the 2% overnight appreciation the technical outlook of Chainlink remained negative. Fall in the market movers prices has pushed many altcoins to travel south on their charts. Prior to this, LINK was consolidating between $6.70 and $7.00 respectively. A fall in LINK’s price has caused it to travel below the $6.70 price mark. Technical outlook started to reflect a change in price direction as buying strength…

Ethereum Classic Climbs 124% in 2 Weeks, Hashrate Spikes, KRW Captures 20% of ETC’s Trade Volume – Altcoins Bitcoin News

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Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using the same proof-of-work (PoW) consensus algorithm, and with The Merge coming up, speculators assume Ethash PoW miners will transition to ethereum classic mining. During the last two weeks, ethereum classic has climbed more than 124% against the U.S. dollar,…

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Pain ahead for algorithmic and non-cash backed stablecoins: IMF director

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The International Monetary Fund (IMF)’s director of capital markets believes there could be further failures of “coin offerings,” including algorithmic stablecoins amid the ongoing crypto winter. In the interview with Yahoo Finance on July 27, Tobias Adrian, director of monetary and capital markets for the IMF stated that there could be further failures of some coin offerings, in particular algorithmic stablecoins: “We could see further selloffs, both in crypto assets and in risky asset markets, like equities… there could be further failures of some of the coin offerings — in…