Crypto news

It looks like there are plenty of banks out there that want to thin the line between themselves and crypto. They have digital currency plans in the mix and they’re ready to act on them, but the Securities and Exchange Commission (SEC) is allegedly getting in the way. The SEC Is Back to Its Old Tricks The SEC has recently released new accounting guidance that has made crypto development much harder on the side of traditional finance. According to the new rules, any bank...

Despite starting on a promising note, the global macroeconomic environment influenced and adversely impacted the crypto market, which sustained several damaging corrections. The same could be said for the NFT market. However, new data suggest that the NFT business continues to be in great demand. High Demand for NFTs In Q3, the NFT trading volume climbed to $2.71 billion and was down by 67% from the previous quarter. But there has been an 8.3% increase in the sales count from...

The Merge was a big event that everyone thought was going to bring about huge change for Ethereum and all its crypto cousins. The currency’s switch from proof of work (PoW) to proof of stake (PoS) was covered heavily by media sources, and there was even a countdown to the event on Google. Ethereum Appears to Be Dropping Now that the event is complete, what can we say is all that different? Sure, not that much time has passed. These things need necessary windows to show...

Brian Roberts, who joined OpenSea after working at Lyft, Walmart, and Microsoft, said he is leaving the company just ten months after joining it. This is the latest example of cryptocurrency executives stepping down amid the ongoing bear market. OpenSea CFO Joins the Departure List As last year’s bull market was raging on and NFTs had taken the main stage, OpenSea became the go-to place for everyone who wanted to get involved with these types of digital assets. Consequently,...

Although the trading volumes yesterday were quite low, similar to previous weekends, bitcoin still took a minor hit and fell to a weekly low. Most altcoins are also slightly in the red on a daily scale. QNT is among the very few exceptions, being up by double digits. Bitcoin Dipped Towards $19K The primary cryptocurrency was flying higher earlier this week when it pumped to $20,500 – the highest price tag it had seen in about three weeks. However, the US job reports changed...

[PRESS RELEASE – New York, United States, 6th October 2022] Cozies, an immersive community-driven movement promoting a “Cozy” culture of living, has announced its first-ever Cozies NFT release is minting for October 10th at 10 am EST on its Cozies.io website. Inspired by lo-fi anime aesthetics, sci-fi, and streetwear culture, the Cozies collection is made up of ERC721A 10,000 NFTs, each intentionally crafted to reflect a Cozy futuristic reality. As a Web3-native well-being...

[PRESS RELEASE – Singapore, Singapore, 6th October 2022] POST VOYAGER, a blockchain arm of a Japanese mobile game powerhouse Cocone and a developer of the MOOI Network, announced on Friday that it has entered into a partnership with Mythical Games, a Web3 game technology company behind Blankos Block Party and NFL Rivals. As part of the partnership, POST VOYAGER will contribute to the development of the Mythos blockchain gaming ecosystem decentralized autonomous organization...

Just as Bitcoin began to show some bullish potential for a possible trend reversal, the price got rejected from the significant resistance level of $20K. BTC is in a crucial zone, as the price action in the next few days could determine the short-term to the mid-term trend. Technical Analysis By: Edris The Daily Chart The bitcoin price recently rebounded from the $18K support level and broke above the significant bearish trendline that started forming when BTC touched the...

Grayscale – the world’s largest cryptocurrency asset manager – has announced a new investment product providing exposure to Bitcoin mining hardware. The fund will raise money for buying Bitcoin ASIC machines, which will be operated by Foundry Digital to mine and sell Bitcoin on behalf of investors.  Grayscale’s Strategic Mining Play According to Grayscale’s website, Grayscale Digital Infrastructure Opportunities LLC (GDIO) is aimed at creating an income stream that...

Bitcoin – despite its present price dilemma – has done quite well for itself. As a currency that’s only 13 years of age, the asset has moved along at a steady pace and has ultimately paved the way for all kinds of new and innovative financial structures and ideals such as digital payments and speculative investing. However, not everyone is a fan, and Nassim Taleb – the author of the acclaimed book “Black Swan,” has always had nasty things to say about the world’s number...