Day: January 27, 2023

What Is Threshold (T) And Why Is This Lesser-Known Coin Swelling By 146%?

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Last year, NUCypher and KEEP Network merged and created the Threshold Network, a decentralized organization that addresses the myriad of privacy and security concerns in the blockchain space. Its utility and governance token, T, has been on the rise since the start of 2023 as the network produced more buzz. The coin is up 146% in the weekly, becoming the biggest gainer in the top 100 crypto list of CoinMarketCap today.  On-Chain, Off-Chain Developments List Threshold On January 26th, centralized exchange CoinBase announced the support for the Threshold token. This…

Here’s how the World Economic Forum leaps into the metaverse — Davos 2023

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Web3 and the metaverse were handed a seat at the table of the World Economic Forum (WEF) in 2023 as the ecosystem continues to drive innovation across industries. As Cointelegraph continues to explore WEF, the presence of the cryptocurrency and blockchain ecosystem was mainly found outside the walls of the forum. Blockchain Hub Davos and the Global Blockchain Business Council’s “Blockchain Central” were two central events in town that brought together the wider crypto community that has been somewhat left out of the WEF’s discourse on the sector. The metaverse is…

BTC, ETH Consolidate Ahead of US Consumer Sentiment Data – Market Updates Bitcoin News

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Bitcoin consolidated on Friday, as traders prepared for the release of the upcoming consumer sentiment figures from the United States. Following a move to a five-month high on Thursday, prices were once again below $23,000. Ethereum also slipped, moving below $1,600 in the process. Bitcoin Bitcoin (BTC) fell back below $23,000 on Friday, as markets consolidated ahead of U.S. consumer sentiment data. BTC/USD slipped to a bottom of $22,654.59 earlier in today’s session, less than 24 hours after hitting a high of $23,215.00. The drop came ahead of this afternoon’s…

Layer 2 Tokens Take Lead

The price of layer 2 network Optimism’s OP token has also surged over the past week. OP reached an all-time high of over $2.50 on Wednesday amid rising adoption of layer 2 networks. “People want layer 2 tokens, and they see layer 2 adoptions happening,” said Nick Hotz, vice president of research at the digital asset-management firm Arca, referring to the tokens associated with companion blockchain systems. “Optimism is the only way to get good exposure to that theme currently.” The OP token’s jump has outpaced the top two digital…

Creating self-sovereignty in the creator economy and Web3 — Is there room for both?

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On this week’s episode of NFT Steez, hosts Alyssa Exposito and Ray Salmond meet with Web3 content writer Julie Plavnik to discuss the importance of self-sovereignty while building a digital identity in Web3.  Plavnik referenced author Gavin Wood when describing Web3 and said that “communication” is a core tenant in the subsequent iteration of the internet. “Web3 is the communication of encrypted channels between decentralized identities,” Plavnik affirmed. According to Plavnik, the emerging concept of Web3 has placed a magnifying glass over user data and ownership, especially concerning the creator…

FTX lawyers to reap millions from the bankruptcy case: Report

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Controversial law firm Sullivan & Cromwell is on track to reap a fortune from its work on the bankruptcy case of the FTX cryptocurrency exchange, according to a new report. Sullivan & Cromwell’s costs in the FTX case are estimated to reach hundreds of millions of dollars before the firm’s bankruptcy investigation is over, Bloomberg Law reported on Jan. 27. As the FTX trial is scheduled for October 2023, the firm’s lawyers now have about eight months to untangle the complicated FTX case, which will cost a lot of time…

Dogecoin Price Ascent Slows, But Analysts Are Still Bullish About DOGE

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Dogecoin, the original memecoin of the crypto industry, has not seen a monumental rise in price unlike other altcoins of late. According to CoinMarketCap, DOGE has only risen 5.56% in the past week with its biggest gains seen in the monthly time frame.  At its current market cap of $11.3 billion, the token is surpassed by other altcoins in terms of growth. However, DOGE still remains a dominant force in the world of memecoins as it has been for a long time.  DOGE Compared To Other Memecoins Compared to its…