Crypto news

NVIDIA, the global manufacturer of graphics processing units and integrated circuit technologies for workstations, personal computers, and mobile devices, wants to step up its efforts to develop more products for the metaverse. The metaverse is a concept that describes the next generation of internet content, where users will be able to interact with objects (and other humans) in virtual worlds in a deeper, multisensorial, richer way. It involves technologies like Virtual...

Josh Mandel – a Republican senate hopeful running in the state of Ohio – is taking flak for a tweet he posted which seems to compare bitcoin support with support for Christianity. Josh Mandel Loves Bitcoin, but Not Everyone Thinks Alike To be fair, Mandel has long been a bitcoin and cryptocurrency proponent. He has spoken in favor of the asset on social media, though one tweet is landing him in some hot water with followers and haters alike. The post came two days before...

The Commodity Futures Trading Commission (CFTC) ordered Polymarket – a decentralized platform that allows users to bet on the outcome of current events – to pay a $1.4 million civil monetary penalty. The agency claimed that the company did not seek a Designated Contract Market (DCM) or Swap Execution Facility (SEF) registration. CFTC on the Hunt Again According to an announcement by the government agency, Polymarket must also “wind down” all markets displayed on its website...

Last Thursday, MicroStrategy – the billion-dollar software firm that became one of bitcoin’s biggest institutional supporters in 2020 – announced that it purchased a lot more bitcoin now that the currency has undergone a heavy slump. MicroStrategy Has Added to Its BTC Stash Not long ago, the world’s number one digital currency by market cap fell from about $51,000 per unit to just over $47,000. The company has said it is simply “buying the dip” and purchasing more BTC...

Earning money through playing video games is a dream of every gamer, but in the traditional industry, it’s something that only professionals achieve. However, things move fast in the field of cryptocurrencies, and the above is now becoming possible thanks to the P2E (Play to Earn) business model. The combination of blockchain technology and non-fungible tokens (NFTs) implemented in video games is giving crypto enthusiasts and gamers alike the opportunity to earn money by...

The price of bitcoin has fallen from around $51,000 to just over $47,000 at the time of writing, and several other forms of crypto are also feeling the heat. Ethereum, for example, has risen about 400 percent since the beginning of the year, though it is set to experience its worst month since March of 2021. Bitcoin Has Taken a Dip According to many analysts, the problems stem from growing Omicron cases – the new coronavirus variant – and from climate change. While many...

Canaan, one of the world’s largest manufacturers of Bitcoin mining equipment, announced strategic collaboration agreements with several mining companies in Kazakhstan as part of its expansion plans in the region. Canaan’s Expansion Roadmap The latest development of Canaan’s joint-mining business plans with Kazakh firms comes a few weeks after a successful launch of the last batch of mining machines online under its first phase of deployment in the nation. As of December 31st,...

Bored Ape Yacht Club (BAYC) – one of the most popular NFT collections in existence – has reached $1 billion on sales on OpenSea’s marketplace. According to on-site statistics, the collection has generated an all-time trading volume of 298 265k ETH. WIth ETH trading at about $3,800 at the time of writing, that’s effectively over $1.13B in Bored Ape sales. There are ten thousand Bored Apes available, distributed across about six thousand holders. Some apes have traded for...

Key Support levels: $13 Key Resistance levels: $18  After a significant breakout from the rising wedge (marked blue on the following chart), NEAR is just under $18, which is currently acting as resistance. This is the next key resistance to consider. The cryptocurrency painted a fresh all-time high hours ago, and it’s essential to go above the level to continue its rally. Chart by TradingViewTechnical Indicators Trading Volume: Significant volume since the breakout above the...

Key Support levels: $3,600, $3,300 Key Resistance levels: $3,800, 4,000  ETH has been moving sideways within the falling wedge (marked blue on the following chart). The price is now closing in on the wedge upper border which is currently acting as resistance around the $3,800 level. If ETH gathers momentum here, then the bulls have a chance at a breakout. A failure will take the price back unto support at $3,600 or even $3,300 if the correction will continue. Chart by...