Day: August 24, 2022

Bitcoin Rises Slightly Along With Stocks

●Bitcoin (BTC): $21,705 +0.8% ●Ether (ETH): $1,681 +1.6% ●S&P 500 daily close: 4,140.77 +0.3% ●Gold: $1,765 per troy ounce +1.1% ●Ten-year Treasury yield daily close: 3.11% +0.05 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Source

Chipmaker Nvidia’s Crypto Mining Chip Revenue Continues to Fall

Nvidia’s total second-quarter revenue was $6.7 billion, in line with the consensus estimate of $6.7 billion, according to FactSet. In early August, Nvidia pre-announced lower-than-expected results, saying it expected revenue to come in at $6.7 billion, well short of its previous guidance of $8.1 billion, primarily owing to lower gaming revenue. Source

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NFTs are a ‘natural place’ for digital artists — Gal Yosef

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The hype surrounding nonfungible tokens, or NFTs, may have died down in recent months due to the crypto bear market, but that hasn’t stopped digital artists from experimenting in the new and exciting space. Gal Yosef, a globally renowned self-taught artist in the field of 3D art and animation, has proven his versatility by launching two successful NFT collections. In an exclusive interview with Cointelegraph, Yosef explained why NFTs are a “natural” transition for digital artists and why the industry is poised to grow despite current headwinds. Yosef, who successfully…

Chiliz Price Skyrockets, Will This Bullish Run Continue?

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Chiliz has burst through to the limelight by helping entertainment and sports firms with blockchain-backed tools to allow them to monetize their viewership. The subscription is the access link through which fans obtain voting rights and early tickets. Also, the direct access fans have to their desired soccer teams is a function of Chiliz blockchain technology and token. Through the CHZ token, fans can easily access the Fan Tokens of their desired soccer teams. The CHZ token is the native digital currency of Chiliz. Fans purchase these tokens through a…

Cosmos ATOM Breaks Above Key Resistance

Cosmos (ATOM) ranged in a wedge against Tether (USDT) as it builds more strength to break above the $12 key resistance. The price of Cosmos ATOM has shown bullish strength as the price breaks above resistance after ranging for days. (Data from Binance) Cosmos ATOM Price Analysis On The Weekly Chart Weekly ATOM Price Chart | Source: ATOMUSDT On Tradingview.com From the chart, the price of ATOM saw a weekly low of $6.2, which bounced from that area and rallied to a price of $12, marking ten weeks of bullish…

Singapore authorities approve probe of 3AC on behalf of liquidators: Report

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The Singapore High Court on Monday approved a petition to recognize the liquidation order against Three Arrows Capital (3AC) issued by a court in the British Virgin Islands, Bloomberg reported Wednesday, citing unnamed sources. The Singapore court’s decision, handed down in private, gives the petitioner the legal ability to request access to 3AC financial records kept in Singapore, where 3AC is based. Teneo, the firm appointed to liquidate the 3AC assets, filed its petition with the court on July 9, saying the crypto hedge fund may have information in its…

More than $100M worth of NFTs stolen since 2021 — Elliptic

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Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or NFTs, starting in 2021. In its NFTs and Financial Crime report released on Wednesday, Elliptic said crypto users had been the victims of roughly $100.6 million worth of scams related to NFTs in the 13-month period from July 2021 to July 2022. The firm reported that although the market downturn had caused the value of NFTs to “slump”, scammers stole the most tokens in July 2022 — estimated…