Tag: News

SOL, TRX Nearly 10% Higher, as Crypto Prices Marginally Rebound – Market Updates Bitcoin News

boss

SOL was nearly 10% higher on Thursday, as crypto prices rebounded following recent losses. The rebound comes a day after the latest Fed rate hike, with TRX also gaining on the news. Solana (SOL) SOL was trading higher during today’s session, spurred by the latest Federal Reserve rate hike. Following a low of $28.46 on Wednesday, SOL/USD surged to an intraday peak of $35.71 earlier in the day. Today’s move saw SOL hit its highest point in the last five days, and comes as prices seemed to have found a…

NFT Marketplace Opensea Migrates to Seaport Protocol, Transition to Cut Network Fees by 35% – Technology Bitcoin News

boss

On Tuesday, the leading non-fungible token (NFT) marketplace in terms of all-time sales, Opensea, announced it is migrating to Seaport, an open source Web3 marketplace protocol. Opensea says the Seaport protocol migration from the Wyvern protocol will cut network fees by 35%, and users will no longer have to pay an account initialization fee. Opensea Migrates From Wyvern to Seaport: ‘A Foundation to Empower the Developer Community’ Opensea is moving to the Seaport protocol in order to enhance the NFT marketplace experience for users. The Opensea development team details that…

Consumer Interest in Crypto Remains Strong – Featured Bitcoin News

boss

Bank of America’s new report explains that “despite the sharp correction in crypto valuations, consumer interest in the sector remains strong.” The report, which includes the bank’s new crypto survey, also shows “growing interest” in cryptocurrency’s use as a means of payment. Bank of America’s Inaugural Crypto Survey Bank of America Global Research published a report Monday highlighting the results of its “inaugural crypto/digital asset survey,” which took place early this month. Out of 1,013 survey respondents, 58% said they currently own crypto or digital assets while 42% said they…

BTC Moves Away From $20,000 Following Historic Fed Rate Hike – Market Updates Bitcoin News

boss

Bitcoin moved away from its recent low of $20,000 on Thursday, following a historic rate hike from the Federal Reserve. As inflation in the United States rose to a 44-year high of 8.6% last month, the Fed responded by hiking rates by 0.75%. ETH was also marginally higher today. Bitcoin BTC was marginally higher on Thursday, as markets responded to the latest interest rate hike from the Federal Reserve. The Fed opted to hike rates by 75 basis points (bps) during its latest policy meeting, with BTC/USD rising to $22,868.92…

Treasury Minister of El Salvador Dismisses Bitcoin Investment Losses, Calls Media Reports Biased – Bitcoin News

boss

Alejandro Zelaya, the treasury minister of El Salvador, called out the critics of the investments that his country, through the action of President Nayib Bukele, has made in bitcoin. Zelaya stated that there had not been any losses because the bitcoin purchased — around 2,300 BTC — had not been sold. He also qualified the coverage that some media is engaging in about the issue as “biased.” El Salvador Dismisses Bitcoin Losses The government of El Salvador is being criticized for the bet that its president, Nayib Bukele,…

Romance scammers turn to cryptocurrency, targeting tech-savvy victims

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ABC’s Kaylee Hartung speaks with two women who say they were swindled out of hundreds of thousands of dollars in a growing romance scam involving cryptocurrency. ABC News Live Prime, Weekdays at 7EST & 9EST WATCH the ABC News Live Stream Here: SUBSCRIBE to ABC NEWS: Watch More on LIKE ABC News on FACEBOOK FOLLOW ABC News on TWITTER: #ABCNLPrime #ScamAlert #Scam #Cryptocurrency #Fraud #Crime ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Globant Finds 73% of Tech Professionals Believe Metaverse Is Accessible to Them – Metaverse Bitcoin News

boss

A report issued by Globant, an Argentinian software company, has discovered that people feel the metaverse is close and accessible to them. The report, titled “How the metaverse is transcending digital limits and reinventing our place in the physical world,” found that the metaverse is perceived as being accessible by 73% of the people consulted, but only 26% have had metaverse experiences. Metaverse Perceived as Accessible, Globant Found The metaverse and its tech have become popular subjects for companies to do research around, learning about how people perceive…

Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments – Regulation Bitcoin News

boss

Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has reminded citizens about the risks associated with the digital assets. The monetary authority also warned that crypto payments are illegal in the Kyrgyz Republic. National Bank of Kyrgyzstan Urges Caution With Cryptocurrency Cryptocurrencies and other virtual assets are increasingly spreading in Kyrgyzstan, the nation’s central bank recently noted. The regulator reminded that using them to buy or sell goods and services is still against the law, with the Kyrgyzstani som remaining the only legal tender in the…

I’ve Stayed Away From Bitcoin at All Costs – Featured Bitcoin News

boss

The billionaire founder and chairman of Equity Group Investments, Sam Zell, says he is staying away from bitcoin at all costs. He explained that he does not understand the cryptocurrency and believes that a currency without the backing of a government is unlikely to work. Sam Zell Remains Skeptical of Bitcoin While a growing number of billionaires and hedge fund managers are embracing bitcoin, Sam Zell, the founder and chairman of Equity Group Investments, said he is staying away from the cryptocurrency. Zell, whose net worth is estimated to be…

Crypto Is 100% Based on Greater Fool Theory — ‘I’m Not Involved in That’ – Featured Bitcoin News

boss

Microsoft co-founder Bill Gates says crypto is an asset class that is 100% based on the Greater Fool Theory. The billionaire also mocked Bored Ape NFTs, stating: “Obviously, expensive digital images of monkeys are going to improve the world immensely.” Bill Gates on Crypto and NFTs Microsoft co-founder Bill Gates talked about cryptocurrency and non-fungible tokens (NFTs) at this year’s Techcrunch Sessions: Climate 2022 event Tuesday. Referring to the Bored Ape Yacht Club NFTs, Gates sarcastically said: “Obviously, expensive digital images of monkeys are going to improve the world immensely.…