“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the social tokens you should be keeping a close eye on. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as each makes his case for the top…
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NBA Top Shot Creator Dapper Labs’s Flow Launches $725m Blockchain Ecosystem Fund
NBA Top Shot producer Dapper Labs has announced a $725 million eco-fund for Layer 1 blockchain platform Flow to develop its growing ecosystem. In this round of funding, investors include Andreessen Horowitz (a16z), Coatue, Union Square Ventures, Greenfield One, Digital Currency Group (DCG), Fabric Ventures, Liberty City Ventures, and CoinFund. The fund aims to support games, infrastructure, decentralized finance, content and creators on the flow blockchain, while also tailoring corresponding ecosystem grants based on the type of project. Dapper Labs CEO Roham Gharegozlou said in a statement: “We are thrilled…
As BTC Slides Toward Resistance, the Chance of a Rare Triple Top Formation Comes Into Play – Markets and Prices Bitcoin News
The cryptocurrency economy has shed a lot of value during the last six months dropping 48.70% from $3.08 trillion to today’s $1.58 trillion. While crypto markets looks extremely bearish these days, a few crypto advocates have theorized the bear market will be less harsh this time around. Furthermore, there’s also the rare scenario that bitcoin’s price could reverse and see a triple top even though it’s commonly said in the finance world “there is no such thing as a triple top.” The Chances of Bitcoin Experiencing a Triple Top Scenario…
Crypto, like railways, is among the world’s top innovations of the millennium
You are about to read a half-fiction witty story based on Stuart Hylton’s review of “the making of Modern Britain” and my interpretation of the blockchain’s impact on today’s world. I found it fascinating how the description of the industrial age front-runner technology resembled the awe and fear of blockchain in modern times. Some quotes are so relevant that changing the “railroad company” to “blockchain protocol” would give the same shilling. After several “bubbles” (actually eight so far) and some huge announcements — remember Libra and TON? — I figured…
3 Stablecoins Command Positions in the Crypto Economy’s Top 10, Another Fiat-Pegged Token Is Close to Joining – Markets and Prices Bitcoin News
The last five weeks has been brutal for digital currencies as more than 21% has been shaved off the crypto economy’s fiat value since March 27. While all the crypto assets combined shed roughly 0.8% in the last 24 hours, bitcoin has lost 9.4% since last week and seven day statistics show ethereum has dropped 8.1% against the U.S. dollar. Since the crypto economy’s significant losses, the stablecoin UST has managed to take the top ten market capitalization among 13,439 crypto assets. 3 Stablecoins Hold Top 10 Positions, Terrausd Enters…
Africa’s top golfers to shoot for Bitcoin prize on Sunshine Tour
Top golfers from Africa and Europe will be eyeing lucrative Bitcoin (BTC) payouts at the end of the 2022 season after a new sponsorship of South Africa’s Sunshine Tour. The year-long season sees golfers compete for the top spot on Sunshine Tour’s overall leaderboard – the Order of Merit. Crypto platform Luno, which has a big footprint in South Africa and the wider African continent, has assumed the title sponsorship of the overall rankings. Money talks in sport but the language is certainly evolving, with Luno casting aside Rand-based awards…
How blockchain games create entire economies on top of their gameplay: Report
Axie Infinity turned its game into a billion-dollar economy that helped thousands of players in the Philippines and other low-income countries to weather the fallout from pandemic mitigation measures. The main ingredient for success: strong property rights. Players can take in-game material out of the game and trade on third-party marketplaces like OpenSea. The freedom to set prices and to easily trade unlocked a veritable tsunami of economic activity in and outside of the game. The 30-page report from Cointelegraph Research analyzes the top five titles and what changed since…
Lido Briefly Becomes Top DeFi Protocol by TVL With $20B Staked
Lido Finance momentarily became the leading DeFi protocol by TVL on Wednesday, leapfrogging Curve. Source
Top EU Official Calls for Global Crypto Agreement
Europe and the U.S. should work together to protect investors and limit environmental harm, Mairead McGuinness said. Source
Top 5 cryptocurrencies to watch this week: BTC, LUNA, NEAR, VET, GMT
A few days of consolidation from BTC price could lead to a healthy bounce from LUNA, NEAR, VET and STEPN. The month of April has been a forgettable one for equities and cryptocurrency investors. Bitcoin (BTC) plummeted 17% in April to record its worst ever performance in the month of April. Similarly, the Nasdaq Composite plunged 13.3% in April, its worst monthly performance since October 2008. However, a major positive for crypto investors is that Bitcoin is still above its year-to-date low near $33,000. In comparison, the Nasdaq 100 has…