Day: September 1, 2022

Hermès reveals plans for Metaverse fashion shows, crypto, and NFTs

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Luxury brand Hermès is laying the groundwork for its entrance to Web3 after filing a trademark application covering NFTs, cryptocurrencies, and the Metaverse.  According to an Aug. 26 filing to the United States Patent and Trademark Office (USPTO), the trademark covers downloadable software to view, store and manage virtual goods, digital collectibles, cryptocurrencies, and NFTs “for use in online worlds.” It also filed trademarks for “retail store services featuring virtual goods” as well as fashion and trade shows in “online virtual, augmented or mixed reality environments” and for “providing an…

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Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K

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With Ethereum’s long-awaited transition to proof-of-stake (PoS) fast approaching, blockchain analytics firm Coin Metrics is out with a new report explaining the move, along with data that provides some insights about user behavior. Lucas Nuzzi, Coin Metrics head of research and development, joined “First Mover” to discuss the findings. Glen Goodman, eToro crypto consultant, provided his bitcoin and crypto markets outlook. Also, Mythical Games CEO John Linden took a look at the state of the non-fungible token (NFT) market. Original

Mad Money’s Jim Cramer Recommends Avoiding Crypto, Other Speculative Investments – Markets and Prices Bitcoin News

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The host of Mad Money, Jim Cramer, has advised investors to avoid cryptocurrency and other speculative investments. “Don’t get memed. Don’t get SPAC’d. Don’t get crypto’d,” Cramer stressed, warning of “a giant washout of all things that are speculative.” Jim Cramer Advises Investors to Avoid Crypto The host of CNBC’s Mad Money show, Jim Cramer, offered some advice Tuesday regarding what to invest in the current market condition. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. The Mad Money host has urged…

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Lido DAO Price Spikes Over 10% In 24 H, Making It Most Profitable Crypto

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The broader crypto market showed an impressive price rally mid-day, August 31. Cryptos such as Bitcoin and Ethereum have increased by 0.87% and 2.58%. BTC’s price is $20,319.03, while ETH has regained a hold on $1589.74. The top coins are now trading in the greens.  But the morning hours of August 31 didn’t sit well with the assets. Many cryptos lost their 24-hour price gain, including BTC and ETH. Bitcoin lost its hold on the $20K mark, while Ethereum followed with a 0.4% loss. Related Reading: Bitcoin Trades Above $20,000,…

Altcoins Outperform Bitcoin In August Rollercoaster

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Altcoins have taken over bitcoin in terms of outperformance this month. While the crypto market as a whole has suffered losses, bitcoin has declined more in a time when the digital asset would have served as safe haven for investors. Now, with altcoins taking the lead in terms of recovery, it points to the downtrend worsening over time, especially for bitcoin. Bitcoin Fails To Hold Up Bitcoin, for the last month, has had its fair share of ups and downs. However, despite being a market mover, the digital asset has…