Day: June 1, 2023

Memecoins the next catalyst for crypto adoption — DappRadar analyst

boss

In episode 22 of Hashing It Out with Cointelegraph’s Elisha Owusu Akyaw, Sara Gherghelas, blockchain research analyst at DappRadar — a cryptocurrency data tracking platform — discusses the recent hype around memecoins, while looking at on-chain data. Gherghelas also provides insights on how other sectors, such as nonfungible tokens (NFTs), are faring as memecoins take off. Gherghelas believes we are in a memecoin era. From her perspective, when you mention Web3 or cryptocurrencies in 2023, many people will associate the terms with memecoins. Gherghelas says there have been multiple memecoin…

GetYourGuide Raises $194M at $2B Valuation, Plans Investment in AI

According to GetYourGuide, the funds raised will be used to invest in AI including the integration of Large Language Models (LLMs) into its platform. German online travel experience service provider GetYourGuide has announced it has raised the sum of $194 million from both new and old investors as it looks to double down on growing demand for travel experiences and the new buzz in Artificial Intelligence (AI). As reported by CNBC, the company, the funding was pulled in two major ways, equity and debt. The equity part of the funding…

Bitcoin transaction volume hits monthly highs as coin drops below $27k

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s (BTC) mean transaction volume has surged to a high of 2.051 BTC, its highest value in the past month. This notable increase in transaction volume coincides with the recent dip in bitcoin’s price, as the asset recently plummeted below the $27,000 mark.  In a recent tweet, Glassnode, a prominent on-chain analytics platform, drew public attention to this metric.  The mean transaction volume, represented by the seven-day moving average, provides valuable insights into the overall transactional…

Sotheby’s to auction failed 3AC’s NFT collection

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The “Grails” non-fungible tokens, created by failed crypto hedge firm Three Arrows Capital, will soon be available for acquisition at Sotheby’s auction. Sotheby’s has announced its plans to facilitate the auction of 37 “Grails” NFTs next month, promoting it as the “most extensive live auction of digital art ever witnessed.” The auction house aims to generate revenue exceeding $5 million, setting a remarkable precedent in this burgeoning market. Adding an air of intrigue to the event,…

Tether USDT market cap breaks ATH, Binance CEO points at regulatory caps

boss

Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance. The new ATH market cap for the USDT stablecoin comes in a year when other stablecoin issuers are struggling to remain afloat due to regulatory ire. The same was pointed out by cryptocurrency exchange Binance’s CEO Changpang Zhao aka CZ. Tether USDT market cap chart. Source: Coinmarketcap CZ in a quote tweet drew attention towards BUSD, a Binance stablecoin issued by Paxos. The Binance CEO said that “BUSD…

Last BTC price dip before a $30K breakout? Bitcoin wipes weekend gains

boss

Bitcoin (BTC) returned to a key focal point on June 1 as the monthly close delivered disappointment. BTC/USD 1-day candle chart on Bitstamp. Source: TradingView BTC price “fills” latest CME futures gap Data from Cointelegraph Markets Pro and TradingView confirmed a lackluster end to May for BTC/USD, which slid below $27,000. The pair erased its entire uptick seen over the weekend, coming full circle to act in a familiar range on the day. This centered on the area immediately below $27,000, Bitcoin frequently visiting since the middle of April. CME…

Elon Musk Has Become World’s Richest Person Again, Beating Bernard Arnault by $4 Billion

Shortly after a trip to China, Elon Musk has become the richest person in the world as he prepares to step down from his position as Twitter CEO. According to the Bloomberg Billionaire Index updated on Thursday, Tesla (NASDAQ: TSLA) CEO Elon Musk is once again the world’s richest person. The index puts Musk’s total net worth at $192 billion, noting a year-to-date (YTD) addition of $55.3 billion. The list also has LVMH CEO Bernard Arnault as the second richest at $187 billion, and Amazon founder and executive chairman Jeff Bezos in…

China’s Oppo Reveals Mixed Reality Headset Just Ahead of Apple’s Anticipated VR Headsets

Oppo’s new mixed reality headset will be specifically for developers to create apps and explore the best use cases of mixed reality technology.  Technology giants like Apple and Microsoft have been reportedly working on their virtual and augmented reality headsets. However, China’s Oppo seeks to take the first-mover advantage as it unveiled its ‘mixed reality’ headset – Oppo MR Glass Developer Edition – on Wednesday, May 31st. Mixed Reality usually refers to technology that encompasses both – virtual reality as well as augmented reality. Oppo is quite bullish on the…

Hackers steal 13 NFTs on Blur as global sales rise

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Hackers have stolen 14 digital collectibles on the Blur marketplace, according to a series of tweets by PeckShield Alert. Non-fungible token (NFT) sales started to drop in late March and have consolidated in the last two months. As the number and value of NFT trades began to rise in the past 24 hours, hackers attacked Blur. A hacker called Fake_Phishing156212 stole the MetaHeroCore #24, Doodles #1501 and Doodles #1504. The attacker paid roughly $30 for the…