Day: August 4, 2022

Avalanche (AVAX) Poised For 25% Rally Ahead Of Seoul Web3 Hackathon

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Avalanche (AVAX) price is seen to soar by 24% or $32 within its consolidation period. A breach projected overshooting the descending parallel channel would nudge AVAX closer to its hurdle or resistance level at $25. After AVAX was able to maintain support at $22.50, a bull run is anticipated to happen. Avalanche was recently rejected at $25 due to strong selling activity which precipitated a rebound seen in the last week of July. The challenge here lies with AVAX ability to soar above the descending parallel channel to stir up…

Bitcoin Unaffected by Bank of England’s Super-Size Interest-Rate Hike

The bitcoin mining difficulty ribbon, comprising short- and long-duration simple moving averages on the mining difficulty, has compressed for the first time in over a year, indicating miner capitulation. The previous bear markets, including the one seen in 2014, ended with the ribbon compression, data provided by analytics firm Glassnode show. Source BankBitcoinEnglandsHikeInterestRateSuperSizeUnaffected CryptoX Portal

🚨 Bitcoin Update – ETH Pump or Bull trap | BTC Analysis in Hindi | Crypto Update India

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Bitcoin’s Mining Difficulty Rises for the First Time in 57 Days, BTC Hashrate Slipped 1.7% Lower in Q2 – Mining Bitcoin News

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The mining difficulty tied to the Bitcoin network increased for the first time in 57 days, rising 1.74% higher than the last two weeks. Meanwhile, Bitcoin’s hashrate has been below average as the network’s computational power is down 1.7% lower in the second quarter than in Q1 2022. After reaching 292 exahash per second (EH/s) on June 8, Bitcoin’s hashrate today is coasting along below the 200 EH/s mark at 182 EH/s. Bitcoin’s Difficulty Increases, Making It More Difficult to Discover Block Rewards for the Next 2 Weeks Following the…

Meta enables Instagram NFT integration in over 100 countries

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According to a Meta newsroom post updated on Thursday, the Mark Zuckerberg-led company has begun its nonfungible token (NFT) expansion across 100 countries in Africa, the Asia-Pacific, the Middle East and the Americas. This includes adding support for wallet connections with Coinbase Wallet and Dapper as well as the ability to post digital collectibles minted on the Flow blockchain. The initial rollout targets the popular social media app Instagram. One needs to simply connect their digital wallet to Instagram to post an NFT, the company said in its updated post.…

NFT Tech Partners with Sony’s Hawk-Eye Innovations to Strengthen Foothold in Sports NFTs

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VANCOUVER, British Columbia–NFT Technologies Inc. (NEO:NFT)(FRA:8LO)(OTC:NFTFF) (the “Company” or “NFT Tech”), a leading technology company mainstreaming decentralized ownership, NFTs and the metaverse for public markets, announced today its partnership with Sony’s Hawk-Eye Innovations to connect live sports data to the massive potential of the sports NFT market. Sony’s Hawk-Eye Innovations offers best-in-class officiating, broadcast and digital solutions to the sports world. NFT Technologies Inc. (NEO:NFT)(FRA:8LO)(OTC:NFTFF), which was a pioneer in connecting live sports data and sport NFTs through their Cannes Lion award-winning work on the Australian Open AO Artball, is…

Here’s What Bitcoin Institutional Inflows Says About The Month Of July

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The price of bitcoin has had an eventful start to the month of August, and it doesn’t look like it will be stopping anytime soon. Mostly, it is the residual effects of what happened in the markets during the month of July, where the price of bitcoin had actually broken above $24,000. In the same vein, the institutional inflows have a lot to say about bitcoin, especially when it comes to how big money is looking at the digital asset. Bitcoin Inflows Grow Strong Bitcoin inflows for the month of…

Redditor turns NFT criticism into NFTs

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A Redditor made it his mission to turn the tides on nonfungible token (NFT) critics by minting a collection using the top anti-NFT comments they found on the internet.  In a Reddit post, user busterrulezzz introduced the NFT collection titled Worthless JPEGs! in an attempt to bring entertainment to crypto enthusiasts while critics of the space are rejoicing during the crypto winter. The Redditor collected quotes from Redditors and famous critics like Warren Buffet, Peter Schiff and Dan Olson and minted them as NFTs. One of the NFTs from the…

Tax on Crypto Investment | Budget 2022 #LLAShorts 156

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