Ethereum was hovering close to $1,600 during Wednesday’s session, as market volatility eased today. Following a turbulent week of trading, crypto markets mostly consolidated on hump-day, with the global market capitalization down 0.23% as of writing. Bitcoin’s price was mostly unchanged, as it remained above $20,000. Bitcoin Cryptocurrency markets consolidated on Wednesday, with bitcoin (BTC) largely unchanged from yesterday’s session. Following a high of $20,542.64 on Tuesday, BTC/USD was marginally lower, with today’s peak standing at $20,425.97. The token is now trading in between a support point at $19,500 and…
Day: August 31, 2022
Stacked, the Web3 Version of Twitch, Raises $12.9M
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A16z Wants to Standardize NFTs by Giving You a License for Your Token
Some issuers have already turned to Creative Commons, a nonprofit organization that set up free copyright licensing to help creators share their work, but other NFT efforts have left their status murky. As a wave of no-rights-reserved projects have emerged, a16z argues an urgent need for clarity on how owners can use NFTs and give others permission to use them. Source
Crypto Market Crash कहां तक जा सकता है Bitcoin
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Friends or Enemies? – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Whilst Bitcoin hovers around $20,000, Bitcoin mining is becoming more and more sustainable. It has been reported that around half a dozen Colorado-based gas and oil companies are teaming up with bitcoin miners in order to implement gas-to-Bitcoin flare mitigation solutions. This is after Colorado banned gas flaring, venting, and the release of raw gas into the atmosphere in November 2020. It has also been reported that the technology used reduces 99.8% of methane compared to 93% for traditional flaring,…
Ether Futures See Unusually High Liquidations as Funding Rates Point to Bearish Sentiment
According to Coinglass data, liquidations on bitcoin futures hovered at $54 million over the same period, with other major cryptocurrencies, such as solana and avalanche, seeing just over $3 million. Bitcoin futures usually have the highest liquidations in the futures markets owing to their popularity and liquidity. Source
Buterin and Armstrong reflect on proof-of-stake shift as Ethereum Merge nears
Ethereum co-founder Vitalik Buterin and Coinbase CEO Brian Armstrong believe that a gradual mind shift and important community contributions led to their backing of Ethereum’s upcoming move from a proof-of-work (PoW) to proof-of-stake (PoS) consensus. The two industry titans joined Coinbase protocol specialist Viktor Bunin on the Around the Block podcast for an enlightening discussion centered on The Merge, which is set to take place in mid-September 2022. Buterin reflected on his history of considering proof-of-stake as a potential consensus mechanism for the Ethereum blockchain, which was initially met with…
NFT Marketplace X2Y2 Is Letting Buyers Avoid Royalty Payments. Creators Aren’t Pleased
“I think for projects that have an ecosystem, [dedicated marketplaces] most definitely are the future,” Alexander Taub, co-founder of Truth, the team behind Goblins, told CoinDesk. “If you have multiple collections that are interconnected, then owning that marketplace experience is really important.” Source
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New Study Says Number of Cryptocurrencies Now at 10,000 — Five Coins Account for 75% of Total Market Cap – Featured Bitcoin News
The number of known cryptocurrencies surged from 6,000 in July 2021 to 10,400 in February 2022 before dropping to around 10,000 by August. Only five cryptocurrencies currently account for over 75% of the entire crypto industry market capitalization. A Thousand Cryptocurrencies Added Every Month According to the data from Augusta Free Press, the number of known cryptocurrencies went up from 6,000 in July 2021 to around 10,400 by February 2022. However, this number had dropped to around 10,000 by August 2022, the data revealed. Before surging past the 10,000 mark,…