Its +2% bid depth also remains comparatively narrow, according to CoinGecko data, when compared with other tokens of a similar market cap. In a recent column, Kaiko’s director of research, Clara Medalie, pointed out that the lack of 2% bid depth was a major red flag for FTX’s FTT token. Source
Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regulated. In an opinion piece, Panetta states that while cryptocurrency regulation is a good answer to the problem, it must also touch on decentralized finance structures. ECB Executive Member Fabio Panetta Believes Crypto Should Face Gambling-Like Regulation The subject of cryptocurrency regulation and how it should be applied continues to be an essential issue across regulators worldwide. Fabio Panetta, a member…
Bitcoin (BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests. In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price support zone. Point of control establishing below $17,000? Bitcoin’s lack of volatility has led commentators to debate when a breakout could occur — and in what direction it could go. So far, however, the increasingly narrow trading range in place since the FTX saga in November remains in control. Now, on-chain analysis…
Microsoft association with Metaverse firm Touchcast has resulted in data manufacture of the Fiat model, which according to Bzeih, is a “natural progression”. American multinational technological corporation Microsoft (MSFT) has high hopes for the metaverse in the future. In a talk recently, Microsoft Chief Strategy Officer Henry Bzeih claimed that the world would inch towards a more profound virtual arena, with a hybrid prototype being the next big thing for customers and corporate relationships. According to Bzeih, the discussion on the client experience and feedback will have to include the…
Using Venly, sellers on Shopify can sell NFTs, offer NFT-gated experiences or use NFTs for authentication by tying them to physical products. Shopify merchants can now mint and list their NFTs through their storefronts using one of the platform’s blockchain apps – Venly. Merchants do not need to refer clients to popular, dedicated NFT marketplaces like OpenSea, Rarible, or Magic Eden. They can instead use Venly to mint NFTs on Avalanche. Layer-1 blockchain platform Venly announced the addition of Avalanche support on Thursday via its Shopify NFT minting app. The…
The TON Storage will use financial incentives from Toncoin with the help of smart contracts on the blockchain. The Ton Foundation, a non-commercial organization behind TONCOIN, has announced the launch of its TON Storage, a decentralized file-sharing and data storage solution. The Ton Storage is developed similarly to the Torrent file system, which encompasses peer-to-peer technology, but runs on the Ton open blockchain. As such, the TON developers anticipate taking head-on projects like Filecoin and Storj. Inner Workings of Ton Storage The Ton network, a proof-of-stake blockchain developed by Telegram…
The price reductions became necessitated when Tesla recorded a very low delivery count in December last year, the lowest in more than 5 months. American multinational electric vehicle maker, Tesla Inc (NASDAQ: TSLA) has cut the price of its flagship Model 3 and Model Y cars in China. As reported by CNBC, this is the second time since October that the automaker will be making such a move amid growing competition among local auto brands. According to prices shown on its dashboard, the new starting price for Model 3, for…
The Digital Emotional Experience will bring virtual reality to BMW, which will display an array of important details on the windshield. Bayerische Motoren Werke AG (FWB: BMW) unveiled a concept car dubbed iVision Digital Emotional Experience (DEE) – that can talk and change colors on demand – at the CES 2023. The DEE prototype is expected to hit the market in two years, according to Oliver Zipse, BMW’s CEO. As such, the company’s stock market closed on January 5 trading at €88.95, up 1.22 percent from the day’s opening price.…
Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisition of the firm. “The planned layoff ratio is about 20%, but it is not implemented now,” a spokesperson for Huobi said in a statement to Cointelegraph on Jan. 6. The representative emphasized that the allegations on Huobi firing as many as 40% employees is a rumor. Huobi has established a new organizational structure after the new shareholders have taken over, the spokesperson said, adding that the firm…
TRX fell nearly 8% in the past 24 hours, data shows. The price is above a support level of 5 cents, and if it drops below, the tokens could slip to as low as 3 cents, price charts show. Huobi’s native HT exchange tokens have lost as much as 11% in the past 24 hours. Source