OMG, the native token of the OMG Network, climbed to a six-month high after Ethereum creator Vitalik Buterin published a blog post on how Plasma, the technology behind the OMG Network, has the potential to reduce transaction fees and improve security. Source
In a Nov. 14 post, the cryptocurrency on-chain data analysis firm Lookonchain reports whale activity amid Ethereum price surge. Notable sales have included a $154 million profit for one whale and a loss of $183 million for another. Whale movement on chain In the thread, Lookonchain points to the whale at address “0xee47,” that has reportedly increased their Ethereum (ETH) holdings by 3,200 ETH, equivalent to approximately $6.7 million. This accumulation comes seven months after the whale initially began acquiring ETH on July 5, 2022. Presently, their holdings stand at…
Celestia (TIA) has hit an all-time high, making waves in the world of cryptocurrency. It’s the first-ever modular blockchain network, which basically means it’s a new kind of technology that’s changing how blockchains are created and used. At the time of writing, TIA was trading at $5.25, and registering an impressive 126% increase in the last seven days, data from Coingecko shows. However, the token sustained a 12.7% loss in the last 24 hours. Celestia’s unique method separates different parts of the blockchain process, making it easier to set up…
Disney has created a nonfungible tokens (NFT) platform together with blockchain and metaverse firm Dapper Labs. According to the November 14 announcement, Disney will tokenize its iconic cartoon characters from the past century onto its NFT marketplace dubbed “Disney Pinnacle.” The platform will also include icons from Pixar as well as heroes and villains from the Star Wars galaxy, uniquely styled as collectible and tradable digital pins. “Fans anywhere will be able to collect dynamic pins on their phone and trade instantly and securely with each other no matter where…
Strategists at UBS Investment Bank are forecasting massive interest rate cuts by the U.S. central bank, and this is seen as bullish for Bitcoin. The decreasing inflation, according to UBS, makes it possible for the U.S. central bank (Federal Reserve) to begin reducing interest rates as early as March. This development is perceived as highly positive for Bitcoin, especially in light of recent economic indicators. US Inflation Broadly Slows, Erasing Bets on More Fed Rate Hikes Recent data reveals a slowdown in U.S. inflation, erasing expectations for further Federal Reserve…
The Toronto-based company’s loss widened to C$53.6 million ($39 million) from C$23.8 million, while sales slumped to C$17 million from $31.7 million in the year-earlier period, according to a statement on its website. The number of bitcoin mined in the quarter tumbled to 330 from 982. Source
Bitcoin (BTC) targeted $37,000 at the Nov. 14 Wall Street open as the latest United States inflation data undercut expectations. BTC/USD 1-hour chart. Source: TradingView CPI offers Bitcoin, stocks a pleasant surprise Data from Cointelegraph Markets Pro and TradingView showed BTC price strength returning as the Consumer Price Index (CPI) reflected slowing inflation in October. CPI came in 0.1% below market forecasts both year-on-year and month-on-month. The annual change was 3.2% versus 4.0% for core CPI. “The all items index rose 3.2 percent for the 12 months ending October, a…
On-chain data suggests the next major Bitcoin support level could be at $30,200 if the level pointed out by this analyst is lost. Bitcoin Currently Has Support Levels At $36,400 And $34,300 In a new post on X, analyst Ali has discussed how the various support levels of BTC are looking like right now from an on-chain perspective. A level may be defined as support based on the amount of Bitcoin that was bought by the investors at said level. Generally, whenever the price declines to the cost basis of…
Uniswap Labs has publicly released an Andriod mobile wallet app with built-in swap capability on the Google Play store. The new app allows users to make swaps through the decentralized exchange (DEX) from within the app, eliminating the need for a separate web browser extension, Uniswap Labs vice president of design Callil Capuozzo told Cointelegraph. The app was released in a closed beta on Oct.12, but this is the first time the Android version has become available to the general public. An iOS version was released in April. Uniswap mobile…
I just spent an entire week working in virtual reality using the new Meta Quest 3. While the experience still mostly sucked, I came away with some renewed optimism for VR in the workplace. As I took Ron’s outstretched, virtual hand for a handshake, my actual hand — in the real world — clumsily whacked into the side of my desk. Ron from Microsoft showing how to use hand gestures to interact with the menu and other useful shortcuts in the Immersed app. Ron started laughing, his avatar’s animated facial…