Day: April 21, 2023

Trump’s Second NFT Drop Slumps, Sotheby’s Selling NFTs Seized From 3AC

Trump NFTs, take two: In case you missed out on the first round of outlandish NFTs featuring the former president in various costumes and poses, Trump’s digital trading cards are back for a second series. Although both collections sold out within a day of launch, the first series had greater success in terms of secondary sales. At the time of writing, Trump’s second collection had a floor price on OpenSea of 0.049 ETH – or about $97, which is less than its mint price of $99. Currently, the best offer…

Traders Are Tired of Trump NFTs

Trump NFTs, take two: In case you missed out on the first round of outlandish NFTs featuring the former president in various costumes and poses, Trump’s digital trading cards are back for a second series. Although both collections sold out within a day of launch, the first series had greater success in terms of secondary sales. At the time of writing, Trump’s second collection had a floor price on OpenSea of 0.049 ETH – or about $97, which is less than its mint price of $99. Currently, the best offer…

XRP, ADA Drop to Multi-Week Lows on Friday – Market Updates Bitcoin News

boss

Xrp plunged to a multi-week low in Friday’s session, as the token slipped for a third consecutive session. The move pushed prices to their lowest point since late March, with the global market cap trading 2.39% lower as of writing. Cardano also fell to a two-week low. XRP, formerly ripple, was deep in the red on Friday, as prices fell for a third consecutive session. Following a high of $0.4838 on Thursday, XRP/USD slipped to an intraday low of $0.4644 earlier today. As a result of this drop, XRP fell…

Warren Buffett was wrong about a ‘rat poison’ Bitcoin portfolio, data shows

boss

Legendary investor Warren Buffett sees no value in Bitcoin (BTC), infamously calling it “rat poison squared.” But data shows that adding Bitcoin to a so-called “rat poison portfolio,” an equally weighted portfolio of Berkshire Hathaway, Microsoft, JPMorgan and BlackRock stocks, would have produced much better returns for The Oracle of Omaha. “Rat poison portfolio” with Bitcoin does better  Since 2014, allocating only 2.5% Bitcoin yearly to the rat poison portfolio increases returns by nearly 20% with reduced risks, according to independent market analyst Alpha Zeta. For now, the portfolio’s returns…

Bitcoin mining difficulty hits record high, indicating network resilience

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s mining difficulty has reached a new all-time high of 48.7T, after a 1.72% increase, according to BTC.com, demonstrating the cryptocurrency network’s resilience and tenacity. Despite the market’s recent volatility, the network’s hashrate hit an all-time high of 348.6 EH/s. This indicates that more miners are joining the network, which is positive for bitcoin’s stability and long-term health. The mining difficulty of bitcoin fluctuates frequently, but it has seen significant growth over the past year, rising…

How to stake Polygon (MATIC)

boss

The Polygon network, formerly the Matic network, is an Ethereum-scaling protocol that reduces cost and embeds high security. In a short span, Polygon has gained a high level of traction. A string of solutions on a single network sets Polygon apart from other Ethereum scaling projects. It empowers developers to zero in on a scaling solution that works best with their applications. Polygon Labs has been consistently working to develop scaling solutions based on plasma sidechains, a blockchain bridge, different types of zero-knowledge proofs and Optimistic Rollups. Processing bundles of…

With EU’s MiCA Past the Finish Line, UK’s Crypto Industry Calls for Rules of Its Own

The EU’s advantage over the U.K. when it comes to crypto regulations may just boil down to the fact that the former has managed to finalize its approach and offer clarity. The U.K.’s approach comes with a period of “uncertainty,” because rules are yet to come out, said Rhiannon Butterfield, policy advisor on payments and innovation at London-based lobby group U.K. Finance, in an emailed statement. Source

Abu Dhabi’s Financial Free Zone ADGM Proposes Legal Framework for DLT Markets

Abu Dhabi’s crypto and blockchain businesses are expected to grow exponentially and attract international investors, more so from the United States. The registration authority of Abu Dhabi Global Market (ADGM) has issued a consultation paper seeking feedback on its proposed new framework for distributed ledger technology (DLT) market and token issuance. The regulatory authority has set Friday, May 12 as the deadline for providing feedback on the proposed legal framework. Afterward, the regulatory agency will review the feedback and later the ADGM Board of Directors will present the final form…