Small Bitcoin whales may be keeping BTC price from ‘capitulation’ — analysis

Bitcoin (BTC) could still see a major price capitulation, but more whales need to start selling first, data suggests. In one of its daily QuickTake market updates on May 27, on-chain analytics platform CryptoQuant highlighted increasingly bearish whale behavior. Small whale selling should spark “absolute capitulation” Amid widespread consensus that BTC/USD should put in a lower low than its May 12 pivot price of $23,800, some of Bitcoin’s largest holders are showing signs of impatience. Looking at unspent transaction outputs (UTXOs) from various “bands” of whale wallets, CryptoQuant contributor Binh…

The Impact Of Decentralized Sports Betting On The Blockchain

Everyone would agree that cryptocurrencies, blockchain technologies, and the DeFi sector, in general, have exploded in both popularity and usage over the last decade or so. However, one particular industry which is currently looking to utilize the vast potential of this space is sports, specifically when it comes to betting. The relationship between blockchain and sports In recent years, the amount of business and management industries that have begun to adopt blockchain technology has expanded tremendously. The obvious advantages of decentralization, such as increased security, a P2P (Peer-to-Peer) model, and…

Blue Chip NFTs 101 – What’s The Secret Behind CloneX? Built For The Metaverse

The secret behind CloneX is Takashi Murakami and the RTFKT team, that’s the short answer. The NFT collection is the result of the once-secret collaboration between the legendary Japanese artist and the experts in creating virtual sneakers. Steven Vasilev, Chris Le, and Benoit Pagotto founded RTFKT, which reads “Artifact,” in 2020. The CloneX public sale took place in the last days of November 2021. These people work fast. The goal of the Ethereum-based CloneX collection is quite simple, to serve as avatars in the metaverse. These NFTs aren’t merely PFPS…

Chamber of Representatives in Paraguay Advances Crypto Bill – Regulation Bitcoin News

Cryptocurrency regulation in Paraguay is progressing steadily, as a crypto bill introduced in December has been approved by the Chamber of Representatives in the country. The bill, which contains definitions and rules for cryptocurrency mining, one of the hot topics in Paraguay due to the cheap electricity costs, will be passed to the Senate to be discussed. Paraguay Advances Crypto Bill Latam countries are taking cryptocurrencies in a more serious light, and are now working to approve cryptocurrency legal frameworks. This is the case of Paraguay, a country…

Swinburne Uni brings Web3 firms to class

Australia’s Swinburne University of Technology has partnered with two financial technology firms which will provide its students exposure to the financial technology and cryptocurrency business world. The partnership is between Swinburne and small business loan provider Judo Bank along with Banxa, a payment service provider with a fiat to crypto platform whose clients include Binance, KuCoin, and Trezor amongst others. Students of the university’s Master of Financial Technology (FinTech) course will be “exposed to real life examples and cases across the spectrum of financial services,” Dr. Dimitrios Salampasis Swinburne’s Director…

How to create algo stablecoins that don’t turn into Ponzis or collapse

Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable. Buterin’s comments were sparked by the multi-billion dollar losses caused by the collapse of the Terra ecosystem and its algo stablecoin TerraUSD (UST). In a Wednesday blog post, Buterin noted that the increased amount of scrutiny placed on crypto and decentralized finance (DeFi) since the Terra crash is “highly welcome,” but he warned against writing off all algo-stablecoins entirely. “What we need is not stablecoin boosterism or stablecoin doomerism, but rather…

How to create algo stablecoins that don’t turn into ponzis or collapse

Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable. Buterin’s comments were sparked by the multi-billion dollar losses caused by the collapse of the Terra (LUNA) ecosystem and its algo-stablecoin TerraUSD (UST). In a May 25 blog post, Buterin noted that the increased amount of scrutiny placed on crypto and DeFi since the Terra crash is “highly welcome,” but he warned against writing off all algo-stablecoins entirely. “What we need is not stablecoin boosterism or stablecoin doomerism, but rather…

Eurovision Song Contest 2022 Winners Release NFT for Ukraine Charity Auction – Metaverse Bitcoin News

Kalush Orchestra, the winners of the Eurovision Song Contest 2022, are auctioning off an NFT for charity. The auction started May 25 on MetaHistory — the official Ukrainian charitable NFT museum – and will last only until the 28th. Bids will be accepted in both cryptocurrency and fiat currency (via Monobank), thus creating a friendly competition for what type of currency can bring the most donations. Kalush Orchestra Auction NFT for Ukraine The Eurovision Song Contest 2022 took place on May 14 in Turin, Italy. The event had a television…

Ethereum Dives 10%, Why ETH Might Test $1,500

Ethereum extended decline below the $1,820 support against the US Dollar. ETH tested $1,730 and remains at a risk of more downsides in the near term. Ethereum gained bearish momentum and declined below $1,820. The price is now trading below $1,800 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair is struggling and remains at a risk of more losses below $1,700. Ethereum Price Gains Bearish Momentum Ethereum…