Day: April 5, 2023

How can it sustain millions of users?

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Ticketing issues seem to be more and more common: The Rolling Stones concert in 2016, the 2017 Fyre Festival fiasco, Beyonce and Jay-Z’s 2018 “On the Run” tour, and most recently, Taylor Swift’s Era tour debacle.  Many believe that large-scale ticketing giants have held a monopoly on event hosting for the world’s crème de la crème. If the big fish don’t have the resources to combat this issue, what will the rest of us do? Perhaps we need a different solution altogether.  The issues with the global ticketing industry are well-documented at…

Binance self-custody wallet launches crypto-to-fiat off-ramp

Trust Wallet, the noncustodial and multichain crypto wallet, has partnered with Ramp and MoonPay to introduce seamless crypto-to-fiat withdrawals for its users. The partnership will allow wallet users to convert crypto to fiat directly within the wallet app. The feature eliminates the need for transferring funds to a centralized wallet to liquidate or convert to fiat. With the help of this new functionality, users may now enter and exit the cryptocurrency market totally through their self-custody wallet and take complete control of their cryptocurrency funds. Cash out window. Source: Trust…

Michael Van de Poppe thinks bitcoin could hit $40K

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Well-known crypto trader Michael van de Poppe noticed that the critical price level for bitcoin (BTC) at $27,900 remained intact, prompting the price to skyrocket to $28,700 overnight. The investor continued the tweet by stating that the current level of consolidation makes it very probable that the bitcoin price will continue to increase over the next few days to reach $30,000. #Bitcoin follows the path. Crucial area at $27,900 held and breakout overnight upwards to $28,700. Consolidation makes it likely that we’ll be continuing towards $30,000. pic.twitter.com/0KjNN3lBfX — Michaël van…

Ethereum Prints 9-Month High ahead of Shapella Upgrade

The growth in the price of Ethereum has also stirred a rub-off on the major Liquid Staking Derivatives Platform (LSD). Ethereum (ETH) has joined Bitcoin (BTC) to lead the rally in the digital currency ecosystem today as key stakeholders and investors are religiously awaiting the upcoming Shapella Upgrade. At the time of writing, Ethereum is changing hands at $1,913.45, up by 4.34% over the past 24 hours as the industry’s biggest smart contract platform sought to build on its 5.17% in the trailing 7-day period. The current growth rate is…

Coinbase Says Americans Could Save Billions on Remittances Fees by Using Crypto

Coinbase reported that crypto assets like BTC and ETH could help Americans cut the cost of sending money internally, which contributes to the high remittance fees. American crypto company Coinbase (NASDAQ: COIN) explained in a recent report how crypto could help Americans save millions in remittance fees. According to the crypto company, Americans who rely on remittance fees face obstacles due to the disconnected global financial system. It also talks about how there is no universal appreciation for the value of remittances, which are the funds people send to their…

MicroStrategy adds another 1,045 Bitcoin to its growing crypto treasury

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MicroStrategy, the American business intelligence firm, has just announced its latest acquisition of an additional 1,045 Bitcoin (BTC) for approximately $29.3 million at an average price of $28,016 per BTC. This news was announced in a tweet by Microstrategy’s executive chairman, Michael Saylor, on April 5. MicroStrategy has acquired an additional 1,045 #bitcoin for ~ $29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy holds 140,000 bitcoin acquired for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR https://t.co/IBufTxalnv — Michael Saylor⚡️ (@saylor) April…

OpenSea Unveils Next Gen NFT Aggregator Dubbed OpenSea Pro

The OpenSea Pro through Gem v2 will help digital art collectors discover the best deals in over 170 marketplaces. The Non-Fungible Tokens (NFTs) industry has grown to a $2.1 billion valued crypto sector with OpenSea playing a crucial role in global adoption. Founded in 2017, OpenSea has facilitated over $20 billion in NFT volume from over 2 million collections. Moreover, the NFT marketplace is backed by top industry investors including Andreessen Horowitz, Coinbase ventures, Trust Wallet, Pascal Capital, and Blockchain Capital, among others. OpenSea has, however, not stopped developing infrastructure…