Crypto news

VanEck’s new NFTs are designed to showcase the real-world utility of non-fungible tokens. Global investment manager VanEck has announced the launch of a community NFT based on the Ethereum in partnership with the South Korea-headquartered creative NFT agency, NUMOMO. This is the first such initiative unveiled by the firm and involves the release of 1,000 VanEck NFTs. VanEck Community NFTs According to the official press release, the community NFTs are designed to demonstrate...

El Salvador has been the subject of news ever since it declared bitcoin legal tender last September. What a lot of people don’t know is that a town in Switzerland called Lugano decided to follow in the country’s footsteps. The region has made bitcoin official money for its Italian-speaking residents, and while the journey may be slow, bitcoin is reaching the future it was destined for gradually. Lugano Is Headed for Bitcoin Greatness The area didn’t get much publicity...

Data from blockchain analysis firm Santiment indicates that ETH whales have been accumulating over the past two weeks. They have broken out of a sustained ownership downtrend since the start of the year, and are now back to owning over 12% of the supply. ETH whales, in this context, are defined as addresses holding between 1000 and 10,000 ETH. That’s between about $3 million and $30 million worth of ETH, at current prices. As of Thursday, whale ownership sat at 12.07% of ETH...

As a part-time philosopher of digital fashion, identity, and ownership, he gave a notable keynote address in 2020 on fashion, gaming, and blockchain while directing business development for Enjin, the team behind the ERC-1155 multi-token smart contract standard. At the Paris Blockchain Week conference in April, CryptoPotato got the chance to talk to Alex Russman, Director of Hedera’s Consumer Engagement Fund, about the future of Web3, NFTs, HBAR, as well as the growing hype...

SFL Maven Corp – a firm that sells luxury goods – has announced it will soon accept bitcoin and other assorted cryptocurrencies as payments. Digital assets can now be utilized to purchase high-end vintage jewelry and other expensive items that are sure to make their owners feel rich. SFL Maven Will Accept BTC for Goods SFL Maven is bringing the initial goals of the crypto world closer to reality. While many of these assets have become rather speculative in recent years,...

Several Bitcoin communities and industry leaders have issued a letter to the Environmental Protection Agency (EPA) to clear up confusion and educate the public about Bitcoin’s power consumption. Among its 55 signatories are MicroStrategy CEO Michael Saylor, and “Block Head” Jack Dorsey. Proof of Stake is Not the Answer The letter – shared by the Bitcoin Mining Council – was designed as a response to a previous congressional request to review mining facilities’ compliance with...

After Ripple ended April with a 34% red candlestick, it is now on the monthly Fibonacci Retracement at 0.786, and many expect the one-year downtrend to end. Technical Analysis By Grizzly The Daily Chart: Chart by TradingViewOn the daily timeframe, after the price could not break the descending line at the end of March, the bears pushed XRP down by 40%. Ripple is currently on the horizontal support in the range of $0.5-$0.55, which has so far acted well. The RSI indicator has...

Over 4 Million transactions from Solan’s NFT minting bots have brought the network down for seven hours this past weekend. It marked the seventh time the network was down this year due to security issues. The Seventh Outage of the Year An unprecedented number of 4 million NFT transactions sent out by bots through Candy Machine, a Solana-based project, collapsed the Solana network again, making validators unable to get transactions through. The network was down for 7 hours –...

A mining company in Denver, Colorado called Crusoe Energy has gotten its hands on $350 million through a new series C funding round led by G2 Venture Partners. Crusoe Energy Just Built Up Its Financial Reserves Crusoe Energy is famous for its ability to use wasted natural gas as power for mining bitcoin units. This is an argument that continues to arise in the crypto mining world. Can miners potentially use renewable energy to mine their assets so that the Earth is not...

Bitcoin’s RSI has been rejected from a significant long-term trendline three times. When the RSI hit the mentioned trendline, the price plummeted sharply and was rejected. To provide prospects of positive development in terms of price, the trendline needs to get broken. Technical Analysis By Shayan The Daily Chart The $37K threshold has become a significant support level for Bitcoin, acting as a substantial hurdle for bears. If this level fails to hold, the price will likely...