Day: September 12, 2022

Bitcoin and altcoins pop to the upside, but upcoming macro events could cap the rally

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The 13% gains in the six days leading to Sept. 12 brought the total crypto market capitalization closer to $1.1 trillion, but this was not enough to break the descending trend. As a result, the overall trend for the past 55 days has been bearish, with the latest support test on Sept. 7 at a $950 billion total market cap. Total crypto market cap, USD. Source: TradingView An improvement in traditional markets has accompanied the recent 13% crypto market rally. The tech-heavy Nasdaq Composite Index gained 6.2% since Sept. 6…

Law Decoded, Sept. 5–12: The pressure is growing in the US

Last week regulators worried about the “de-integration” of financial sector and global energy consumption — all because of crypto. While last week brought no troubles from the market side of the crypto industry — no operations frozen, no bankruptcies filed — the United States regulators made some explicitly negative statements.  Recently appointed U.S. Federal Reserve Board vice chair for supervision Michael Barr pledged to “ensure that crypto activity inside banks is well regulated, based on the principle of the same risk, same activity, same regulation, regardless of the technology used…

Analistas advierten de caídas mientras las criptomonedas suben a la espera de los datos de inflación en EE. UU

“A pesar de que las recientes fluctuaciones en los precios de bitcoin han sido noticia, se ha mantenido relativamente estable y fuerte este verano, cotizando consistentemente en un rango entre US$18.000 y US$24.000”, manifestó Senter. “Aunque bitcoin haya perdido más de 50% desde su máximo histórico, continúa teniendo un gran rendimiento comparado con más de un tercio de las 100 mejores criptomonedas, las cuales han caído alrededor de 90% desde sus respectivos picos más altos”. Source

GameFi fundraising jumps 135% in August, but is still down from June: Report

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The GameFi sector remains a leading force in the blockchain and crypto space despite the ongoing downturn in the crypto market. Recent numbers from DappRadar revealed that web3 games and metaverse projects have raised $748 million in funds last month. This was up 135% from July, but is still a decline of 16% compared with June. Blockchain gaming collected $3.1 billion in investment last quarter; so far in 2022, it has added $6.9 billion in funds. This year’s forecast seems to indicate that investments could reach $10.2 billion — an…

Rockstar Co-Founder Dan Houser Invests In Blockchain Game

Co-founder of Rockstar Games, and one of the mastering minds behind popular titles like “Grand Theft Auto”, Dan Houser participated in a $13.2 million funding round for blockchain game studio Revolving Games. Houser will be working as an advisor to the company following his investment. According to a report from GamesBeat, the blockchain game studio has raised over $25 million since 2020. The company was founded by Saad Zaeem, Ammar Zaeem, and Shayan Zaeem, three brothers with experience in the industry. At the time of its founding, Revolving Games was…

Bitcoin’s Health May Hinge on a Legal Feud in Norway

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“Despite the excellent legal representation that we developers have right now, the lawsuits still consume time and emotional energy, for some more, for some less,” the anonymous developer said. “Personally, I am not too much affected by the lawsuits, but I suspect for other developers it was one of many reasons to reduce or completely cut their involvement.” Original

Ethereum Classic (ETC) Leads Gains Amidst Crypto Market Reversal

The overall crypto market shows signs of price reversal from the downtrend, boosting investors’ confidence. To start with, the week started well for BTC as the market saw its price above $22K. Bitcoin had traded below the $20K price mark until the close of the market on September 9, when it hit $21,381.15. BTC managed to hold down its fort at that price until Monday, September 12, when the market opened with impressive rallies.  Related Reading: SEBA Bank To Include Ethereum Staking In Services Currently, BTC and many altcoins are…

Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks – Bitcoin News

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On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization. Tether Connects With the Near Protocol Tether has revealed that tether (USDT) is now supported by the Near (NEAR) network, a smart contract blockchain system launched in April 2020. Near’s market valuation makes it the tenth largest smart contract token by market cap, and the 25th out of…

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