Day: September 23, 2023

Gucci premieres Milan Fashion Week in the metaverse

Gucci has welcomed its new creative director by reenacting its Milan Fashion Week runway show across three virtual platforms. On Sept. 22, Italian fashion house Gucci had its first runway show under new creative director Sabato de Sarno both in the real world and on three major digital platforms: Zepeto, Roblox, and QQ. The collection, named “Ancora” — Italian for an encore — was initially slated to take place near Milan’s prestigious fine arts university, Accademia di Brera. Still, bad weather forced organizers to move the show indoors.  Nonetheless, its…

Why This Bank CEO Wants 99% Of The Crypto Industry Gone

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In a bold and contentious statement, Caitlin Long has asserted that 99% of the crypto industry should be eliminated to decrease leverage buildup and improve the industry’s future advancement. Industry Overhaul Demanded For Sustainability Caitlin Long, Founder and CEO of Custodia Bank, a crypto asset banking company, has called for a seismic change in the crypto industry and its practices. The CEO emphatically suggested that only 1% of the crypto industry should be allowed to operate while 99% of the industry should be destroyed and the majority of crypto firms…

Bitcoin ETF could push BTC price much higher

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SkyBridge Capital founder Anthony Scaramucci expects the launch of a Bitcoin (BTC) exchange-traded fund (ETF) to act as a catalyst, driving the coin’s price higher. Scaramucci suggested that a spot Bitcoin ETF may be approved as soon as the first quarter of next year. This development could spur a bull market into action, he explains. Here’s what the former White House Communications director recently told The Wolf of All Streets’ Scott Melker: As a Wall Streeter, products on Wall Street are sold, they are not bought. And so there’s going to…

Analyst Backs Bitcoin To Reach $34,500 In 2024 In New Prediction

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Bitcoin (BTC) has experienced little price movement this week and is up by only 0.25% in seven days, according to data from CoinMarketCap. Following the announcement on Wednesday that federal interest rates will remain at their current level, the premier cryptocurrency showed the expected reaction, maintaining its price above $27,000.  However, over the last two days, Bitcoin has witnessed a slight price decline of 2%. As the most-priced blockchain asset now hovers around $26,500, crypto analyst Captain Faibik has predicted an incoming bullish run, which may see BTC close out 2023…

Payments shouldn’t be handled on the Ethereum and Bitcoin networks

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto companies are currently making payments entirely wrong because they are not accounting for the most important people: the end consumers. Earlier this year, it was reported that cryptocurrency investors were facing delays concerning withdrawing funds deposited on the Ethereum blockchain. This was following its significant software upgrade, and it created persistent headaches for Ethereum, a platform, which aims to have its technology widely used for instant…

Why October Is An Important Month For The Crypto Industry

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As October approaches, the crypto community will have their eyes set on the US Securities and Exchange Commission (SEC), as it has some key decisions to make that could invariably affect the crypto industry and everyone in it.  SEC Appeal Incoming? The SEC is expected to decide whether or not to appeal the ruling in its case against asset manager Grayscale, with the deadline for an appeal being October 13 (45 days from the court’s ruling).  On August 29, Grayscale secured a landmark victory against the SEC as the District…

What are Bollinger Bands, and how to use them in crypto trading?

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A technical analysis tool called Bollinger Bands uses price volatility to provide probable entry and exit opportunities in trading. They are made up of two outer bands or lines and a centerline (the simple moving average for a 20-day period), which enlarges and contracts in response to changes in price. For thorough market analysis, they are frequently utilized in conjunction with other technical indicators. Bollinger Bands, explained Bollinger Bands were created by John Bollinger in the 1980s. They are a useful technical analysis tool used in cryptocurrency trading and other…

Ethereum Network Fees Hit 2023 Low: What It Could Mean For ETH Price

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In recent weeks, Ethereum (ETH), one of the most valuable assets in the cryptocurrency market, has not enjoyed favorable sentiment due to its struggling price and unstable on-chain performance. The general market condition has not offered much reprieve either, as most altcoins have failed to maintain an upward momentum.  Fortunately, the latest on-chain revelation offers some hope for the price of Ethereum.  Ethereum Average Fee Drops To Lowest Level In 2023 On-chain analytics have been helpful in providing real-time insights into crypto market trends. And the latest on-chain revelations have highlighted…

Coinbase holds 5% of all Bitcoin in existence: Data

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Blockchain intelligence platform Arkham recently identified that crypto exchange Coinbase holds almost 1 million Bitcoin (BTC) in its wallets. The coins are worth more than $25 billion at current market prices for BTC.  According to Arkham, the exchange’s holdings amount to almost 5% of all Bitcoin that currently exists. Arkham said that Coinbase currently holds a total of 947,755 BTC. At the moment, Bitcoin’s circulating supply is around 19,493,537, according to coin information website CoinGecko. Arkham has now identified $25B of Coinbase Bitcoin reserves (~1M BTC) on chain. This makes Coinbase…

Polkadot Cross-Chain Bid Takes Flight As DOT Battles Uncertainty

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Polkadot (DOT) is making strategic moves to propel its development forward as bearish market conditions continue to cast a shadow over the crypto landscape. In recent weeks, the network has shifted its focus away from speculation, opting instead to double down on its commitment to technological advancement.  This move was evident in the multiple presentations it delivered, shedding light on its ongoing efforts and its ambitious goal of achieving 1,000 parachains. A Paradigm Shift In Polkadot’s Strategy In a landscape where various blockchain networks are fiercely vying for cross-chain dominance,…