Crypto news

[PRESS RELEASE – Sibiu, Romania, 4th November 2022] Elrond, the startup building internet-scale blockchain technology, announces its transformation into MultiversX. The company thus expands its mission of building the new internet economy to include the digital meta-space frontier. The metaverse-forward company introduces three new products as the pillars for its evolution. xFabric is a sovereign blockchain module, and core blockchain applications. Deployable in minutes....

[PRESS RELEASE – Vilnius, Lithuania, 4th November 2022] Web3 app WeSleep has launched with the promise of daily rewards for users who pursue a healthy and active lifestyle. Dubbed a sleep-to-earn app, WeSleep utilizes clever tokenomics to incentivize positive behaviors. WeSleep is a sleep-to-earn Web3 app that incentivizes users to pursue a healthy and active lifestyle on a daily basis. • A Sleepie is a unique NFT that can be bought to allow rewards, in the form of $ZZZ...

Mobile platform Infinity Games has joined hands with Kin, an altcoin. The purpose? Kin will now serve as the official cryptocurrency of the platform and its upcoming game “BUGS,” which centers on players creating clans that war with one another. Infinity Games Has Partnered with Kin Infinity features more than 30 games and has seen them downloaded approximately 190 million times. The company now employs a special team of web3 developers that seek to implement...

In the aftermath of the crypto winter, which erased billions of dollars from the industry after last year’s rally to an all-time high, many firms have significantly reduced their headcounts over the past few months to cut operational costs.  This may not come as a surprise due to the impact of the bear market, which forced several big companies, including Three Arrows Capital (3AC), Voyager Digital, and Celsius Network, into bankruptcy.  The Crypto Job Cut Trend While some...

Could crypto and digital currency traders hold sway over the direction in which this year’s midterm elections travel? According to a new poll, the answer is a resounding “yes.” Poll: Crypto Is Taking Over Politics The poll was commissioned by GMI PAC, which oversaw the opinions of roughly 1,000 participants. According to the survey, those interested in purchasing crypto or those who already hold it could make huge differences in how things go in key swing states...

A recent Grayscale-backed study suggests more than half of Americans agree that “cryptocurrencies are the future of finance.” The sentiment appears to span across the political aisle, as both 59% of Democrats and 53% of Republicans agree with the statement. Who Loves Crypto? The study, conducted by The Harris Poll on Grayscale’s behalf, surveyed over 2000 Americans over 18 years old between October 6 and 11. The data were weighted based on demographic characteristics like...

It’s happened again, folks. Another hack is in the books. This time, the victim is Mango Markets, a trading platform situated atop the Solana blockchain. At the time of writing, it appears as much as $116 million has been stolen through what’s known as a “flash loan” attack. Mango Markets Loses More Than $100 Million This kind of attack happens in a decentralized setting. A hacker or cyberthief takes out a flash loan and then manipulates crypto prices on a single...

After recording its highest daily close since September, breaking above the 100-day moving average line, Bitcoin’s price eyes higher targets. Technical Analysis Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price just broke above the 100-day moving average resistance line after multiple rejections during the last couple of weeks. this is the first time it succeeds since September, and if the price holds another day above it – it will become the...

Despite getting stopped at $21,500 and retracing by a few hundred dollars, bitcoin has still managed to stay above $21,000. Most altcoins are calmer today on a daily scale, while Solana jumped to a two-month high at almost $40. Bitcoin Still Above $21K The start of November brought a lot of volatility for the primary cryptocurrency, mostly coming from US-related events. It began on Wednesday when the Federal Reserve said it will raise the key interest rates by 75 basis...

Hundreds of crypto-related cases are piling up at the Internal Revenue Service (IRS)’s Criminal Investigation division. According to division chief Jim Lee, many of these cases will be made public soon, of which are largely related to tax. Evading Taxes With Crypto As reported by Bloomberg Tax, some of his division’s most common cases are related to off-ramping (exchanging crypto for fiat currency) and non-reporting of crypto-based pay. “In the last three years I’ve really...