Day: September 29, 2022

Solana Price Reverses Its Green Start, What’s The Next Target?

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Solana price was off to a good start this week despite choppy market conditions. The bulls have tired out over the last 24 hours. In the past day, the altcoin fell by 3%. Solana prices have risen by nearly 6% in the last week. The technical indicator continued to demonstrate that the bears were in control at press time. If buying strength continues to head in the same direction, then most of the coin’s weekly gains would be nullified. The technical outlook for the coin was negative as the sellers…

STEPN (GMT) Holds Gains While Many Top Coins Taste Declines

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The GMT’s price has been in a strong upward trend in the past seven days despite other major coins nosediving. It experienced a 13% 7-day growth and a 24-hour gain of 0.53% this morning. Meanwhile, several top coins like FEI USD, Basic Attention Token (BAT), and Ravencoin have seen their prices plummet badly. STEPN (GMT) remains a major move-to-earn crypto project in the market despite fierce competition from the likes of SWEATCOIN. With a market cap of over $400 million, GMT is the 87th largest cryptocurrency by market capitalization on…

VanEck Conversion: How The Gold Investment Pioneer Fell Down The Bitcoin Rabbit Hole | Forbes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Jan van Eck, CEO of $80 billion asset manager VanEck, believes bitcoin could hit $250,000. The executive shared his market outlook with Forbes at the Consensus cryptocurrency conference in Austin, Texas. Subscribe to FORBES: Stay Connected Forbes newsletters: Forbes on Facebook: Forbes Video on Twitter: Forbes Video on Instagram: More From Forbes: Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Tyler Hobbs’ QQL NFT Project Raises Nearly $17M in Successful Mint

The project, which allows NFT collectors to act as co-creators of artwork through the QQL algorithm, sold out of its mint passes offered at a modified dutch auction on Archipelago. Essentially, a dutch auction allows potential buyers to place blind bids within a certain set of pricing parameters, and the final selling price is determined after taking in all bids. In this case, the auction started at 50 ETH (about $66,890) and decreased over the course of one hour until all 900 mint passes were sold. Source

Fed Chair Jerome Powell Updates Work on Digital Dollar — Says US Central Bank Digital Currency Will Take ‘at Least a Couple of Years’ – Regulation Bitcoin News

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Federal Reserve Chairman Jerome Powell says the U.S. central bank is looking at whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is collaborating with Congress and the executive branch on whether to issue a central bank digital currency. Fed Chair Powell on Digital Dollar Progress Federal Reserve Chairman Jerome Powell provided an update of the central bank’s digital dollar work Tuesday during a panel discussion on digital finance hosted by Banque of France. “Cash is not disappearing here in the United States.…

Separating risk from lending saved DeFi from market crash

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Maple Finance co-founder and CEO Sid Powell says that transparency has been the saving grace of decentralized finance (DeFi) amid the prolonged crypto market slump. Speaking to Cointelegraph on the sidelines of the Converge22 conference in San Francisco, Powell noted that, throughout the crypto winter, DeFi has continued to operate as intended while centralized finance (CeFi) has become “pretty inactive.” Powell suggested that during the market crash, CeFi lenders hadn’t properly “battle-tested” and weren’t “prepared to liquidate clients,” prioritizing maintaining client relationships. “As the price of Bitcoin was tumbling, they…

Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Chairman Behnam Says

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“Non-bank [crypto] institutions thrive on regulation, they thrive on regulatory certainty, they thrive on a level playing field,” Behnam added. “And they may say otherwise, they might bicker about the type of regulation – but what they love most is regulation because they are the smartest, the fastest and the most well-resourced. With those attributes, they can beat everyone else in the market.” Original

Illuvium co-founder shares plans for new ‘interoperable blockchain game’ model

Kieran Warwick, co-founder of the blockchain role-playing game Illuvium has lifted the curtain on a gaming concept he says has never been done before — the interoperable blockchain game (IBG).  Speaking to Cointelegraph during Token2049 in Singapore, Warwick said Illuvium has three games currently being built which will be underpinned by the same economy, governed by a single token (ILV),  and connected by the blockchain — making it an interoperable experience. “We’re building something that has never been done before not in the mainstream and not in Web3.”  IBG, a…