Month: July 2022

ATOM Drops for Fourth Straight Session, Hitting 1-Week Low – Market Updates Bitcoin News

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Cosmos was trading lower for a fourth consecutive session on Monday, as prices approached a one-week low. Decentraland was also trading close to a one-week low on Monday, as the global cryptocurrency market fell by over 3% as of writing. Cosmos (ATOM) Cosmos (ATOM) declined for a fourth straight session, as the token moved towards a one-week low. Following a high of $10.25 during yesterday’s session, ATOM/USD dropped to an intraday low of $9.27 earlier today. The move comes as ATOM moved closer to its support point of $9.00, less…

Cardano (ADA) Spikes 8%, Overtakes XRP In Last 24 Hours

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Cardano (ADA) price has skewed way up by over 8% in the past 24 hours; peaking at $0.51. ADA has now outstripped XRP in terms of market cap with now valued at $17.6 billion and XRP at $17.5 billion. Nevertheless, ADA still suffered a massive decline of 83% from its all-time high in September. The upcoming launch of hard fox seems to be the impetus for the recent price spike. It was supposed to be launched in June but was postponed because of some technical problems. The date of the…

Bitcoin Falls Below $22,000 Ahead Of FOMC Meeting And Big Tech Earning Calls

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Summary: Bitcoin slipped under $22,000 on Monday as the feds are scheduled to meet this week. A plethora of tokens slumped into red along with Bitcoin as the crypto market anticipates this week’s events. Analysts expect a 75 basis points hike at the FOMC meeting on Wednesday. This week also features earning calls from major tech companies including Amazon, Apple, Meta, and Microsoft to name a few. The U.S. is set to release its GDP report for the second quarter of 2022 as well. These events come after last week’s…

Aptos Labs raises $150M, more than doubling valuation

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Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups.  The funding round was co-led by venture studios FTX Ventures and Jump Crypto, with additional participation from Andreessen Horowitz, Apollo, Franklin Templeton and Circle Ventures. According to Bloomberg, the funding round more than doubled the startup’s valuation, which was over $1 billion as of March. Aptos was launched by former Meta employees Mo Shaikh and Avery Ching. The founders also had…

zk-STARKs vs. zk-SNARKs explained

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zk-STARKs are one of the two transparent and scalable privacy-enhancing methods. The public availability of the randomness utilized by the verifier negates the need for a trusted setup. But, what does zk-STARK stand for? zk-STARK stands for Zero-Knowledge Scalable Transparent Argument of Knowledge, which is a type of cryptographic proof technology. zk-STARKs, also known as zero-knowledge proofs, allow users to communicate validated data or execute computations with a third party without the data or analysis being revealed to the other party. zk-SNARKs, which were used to build zk-proof systems before…

BREAKING: Pulsar Could Hardfork And REMOVE GPU Mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Pulsar Hardfork Looks like things are heating up over at Pulsar which was a CPU minable coin but with the recent release of wildrig which allowed GPUs to flood the network there may be a hardfork coming to remove such GPUs and return it back to a CPU Only minable coin. Twitter Poll: Pulsar Discord: CPU MINING Profit Calculator: ⚠My Gaming Channel: 🚀Donate To Rabid Mining Channel: CPU Mining Build Lists: Belay Mining: Code “RM25OFF” Is $25 USD off Belay Mining Link:…

The Metaverse; A Likely Winner in the Development of Tomorrows’ Digital Ecosystem

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The Metaverse will likely grow into a $1 trillion market according to a November 2021 report by Grayscale. With barely two years since the concept gained popularity, virtual worlds have become common amongst crypto natives, celebrities and big tech corporations, including Meta and Microsoft. Today, this nascent crypto ecosystem is touted as one of the promising niches, combining the power of Artificial Intelligence (AI), Virtual Reality (VR) and Blockchain. So, what exactly is driving adoption in the metaverse? First and foremost, blockchain-oriented virtual worlds are perhaps the closest we are…

A $10B hedge fund gone bust with founders on the run

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Three Arrow Capital (3AC), a Singapore-based crypto hedge fund that at one point managed over $10 billion worth of assets, became one of the many crypto firms that went bankrupt in this bear market.  However, the fall of 3AC wasn’t purely a market-driven phenomenon. As more information surfaced, the collapse looked more like a self-inflicted crisis brought upon by an unchecked decision-making process. To put it concisely, the hedge fund made a series of large directional trades in Grayscale Bitcoin Trust (GBTC), Luna Classic (LUNC) and Staked Ether (stETH) and…

Bitcoin drops below $21.8K realized price as FOMC spooks markets

Bitcoin (BTC) stuck to its realized price just below $22,000 on July 25 as Wall Street opened with a flat performance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin gives up more key levels Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it consolidated after falling from $23,000 overnight. The pair echoed equities in cool trading prior to the July 27 United States Federal Reserve decision on interest rates. Analysts were expecting several days of volatility, and despite buyer interest in Bitcoin being strong below spot price, everything…