Pinakabagong Balita sa Crypto at Market Updates

Jack Dorsey Says Bitcoin Remains the Only Candidate for Native Internet Currency - BitcoinEthereumNews.com

BitcoinJack Dorsey Says Bitcoin Remains the Only Candidate for Native Internet Currency05 / 19 / 2022Balita ng Ethereum ng Bitcoin　　Being more bullish on Bitcoin than other cryptocurrencies, Jack Dorsey made deliberations on the evolution of the Block company and the role of Bitcoin in its fate.　　Jack Dorsey, the CEO and co-founder of San Francisco-based company Block, has expressed his unrelenting belief in the potential of Bitcoin as he calls it the “only candidate” for native internet currency.　　Since 2017, the company held its first investor day after 5 years, where the executives made assertions that the firm should be valued as an “ecosystem”, claiming it has grown beyond just a payment company.　　Bitcoins Role in the Future of Block　　According to a recent report from CNBC, the event saw Jack Dorsey making a case for Bitcoin as to its relevance in the future of Block. Being more bullish on Bitcoin than other cryptocurrencies, Jack Dorsey made deliberations on the evolution of the company and the role of Bitcoin in its fate.　　Apparently, the company believes that crypto is a secular trend where it could exclusively fit well although Bitcoin could only account for about 5% of its gross profits as of the end of

2022-05-19Bitcoin

Will Burning Excess LUNA tokens Really Impact the Price After it Failed Miserably with SHIB & ETH Price? - BitcoinEthereumNews.com

EthereumTalaga bang Makaaapekto sa Presyo ang Pagsunog ng Labis na mga token ng LUNA Matapos itong Mabigo sa Presyo ng SHIB at ETH？05 / 19 / 2022Balita ng Ethereum ng Bitcoin　　The Shiba INU platform to stabilize the SHIB price had earlier introduced a burn mechanism after Ethereums ETH 2.0 with EIP 1559 upgrade went operational. However, the burn mechanism does not appear to have fueled the price rally as both SHIB price and ETH price are drowning in the same bearish well, despite the fact that the tokens continue to burn as per the algorithm.　　Recently, Shiba INU recorded a milestone of burning nearly 12.6 billion SHIB tokens in a day worth nearly $123,551. Despite the burn rate spiked by more than 5000% yet, the price remained largely un-impacted. A similar instance has been recorded with the Presyo ng ETH. According to the burn portal, more than 2,340,000 ETH has been burnt since its inception. Moreover, the burnt tokens were far ahead of the tokens issued on the same day.　　Therefore, when the burn mechanism has not led to any major impact on the second-largest token, Ethereum and the most popular memecoin Shiba INU, How fine will it be for the LUNA

2022-05-19Ethereum

Getty Images to Start NFT Marketplace with Candy Digital

Stock photo issuer Getty Images is diving into the world of non-fungible tokens (NFTs) through a marketplace-like platform that will float in partnership with Candy Digital, a digital collectable company.　　Per the press release detailing the multi-year partnership, Candy Digital will serve as the exclusive NFT marketplace developer for the company which currently harbours more than 465 million images, including over 135 million analogue images from Getty Images photographic archive.　　Getty Images is one of the pioneers of cultural representations and creative ingenuity through photography and other audio-visual content.　　Through the partnership, photography and NFT collectors will be able to seamlessly purchase, sell and trade official digital collectables through the Getty Images marketplace on Candy.　　“With the very best content at our core, innovation is woven into the fabric of Getty Images and this partnership speaks to our mission to connect people with our high quality, exclusive visual content,” said Craig Peters, CEO of Getty Images.　　“We are proud to work with Candy Digital to expand our offering to the fast-growing global audience of NFT collectors, representing significant opportunities for the company and our global photographer community,” he added.　　According to Candy Digitals official website, the company is Major League Baseballs official NFT ecosystem where fans

2022-05-19Malalim na Pagsisid

Terra Co-Founders to Face Fraud Charges in South Korea

The challenges ahead for Terras co-founders are notably more than just reviving the protocol after UST and LUNA coins collapsed last week.　　As reported by a local media site, Munhwa, an organized group of LUNA and UST investors is planning to file a legal complaint against CEOs Do Kwon and Daniel Shin for alleged fraud.　　Besides the planned official complaints filed with the Seoul Metropolitan Police Agency against Kwon on charges of fraud, the aggrieved investors are notably working with RKB & Partners to file for the seizure of the duos real estate.　　Munhwa also reported that six lawyers from the Capital Markets Law Team and the Intellectual Property Team of the law firm are writing and reviewing an application for provisional seizure of property and a complaint against Kwon.　　There is wide-ranging devastation amongst investors of Terras native tokens LUNA and UST. While UST investors saw their supposed stablecoin de-peg from the projected $1 to a low of $0.08784, LUNA holders saw the coin slump from a high of over $99 in the past month to a low of $0.00001675.　　Kwon is still in communication with the Terra community on the next course of action to revive the tokens. While his first proposals to

2022-05-19Malalim na Pagsisid

2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level - BitcoinEthereumNews.com

EthereumAng 2 pangunahing sukatan ng presyo ng Ethereum ay nagmumungkahi na ang mga mangangalakal ay mahihirapang hawakan ang $2K na antas ng suporta05 / 19 / 2022Balita ng Ethereum ng Bitcoin　　Ether (ETH) price has been trying to establish an ascending chanel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoins support stands at $2,000, but the high correlation to traditional markets is causing traders to be highly skeptical s cryptocurrency market recovery.　　Sa ngayon, ang Federal Reserve ay patuloy na nagdidikta sa pagganap ng mga merkado at ang kawalan ng katiyakan ay ang nangingibabaw na damdamin dahil ang mga sentral na bangko ng mga pangunahing ekonomiya ay nagsisikap na paamuin ang inflation. Isinasaalang-alang na ang ugnayan sa pagitan ng mga merkado ng crypto at ang index ng S&P 500 ay nasa itaas ng 0.85 mula noong Marso 29, malamang na hindi gaanong hilig ang mga mangangalakal na tumaya sa Ether decoupling mula sa mas malawak na mga merkado anumang oras sa lalong madaling panahon.　　Currently, the correlation metric ranges from a -1, meaning select markets move in opposite directions to a +1, a perfect and symmetrical movement. Meanwhile, 0 would show disparity or a lack of

2022-05-19Ethereum

Aventis to Become Asia's 1st Graduate School to Enter Metaverse

Aventis Graduate School unveiled its metaverse roadmap and become Asias first graduate school to enter the metaverse.　　The Aventis Metaverse was built in collaboration with Multiverse Labs and Smobler Studios.　　Through the metaverse, Singapore headquartered Aventis is aiming to graduate and executive education affordable and accessible across Southeast Asia.　　Aventis Metaverse is expected to begin beta testing with existing students and alumni onboarding in the third quarter of 2022.　　The metaverses phygital (a mix of physical and digital) design will allow professionals and executives in Southeast Asia to gain access to education through networking, conferences, and global executive or advanced management programmes.　　“By focusing on phygital, senior executives and professionals in Southeast Asia can enjoy both metaverse and physical through hybrid networking and global executive conferences. We aim to have the first ASEAN Conference in September to align with the return of the F1 Night Race in Singapore,” said Samuel Teo, General Manager of Aventis Graduate School.　　Currently, Phygital claims to have more than 60,000 students from around the globe.　　Aventis champions human capital development.　　The metaverse is an immersive digital environment populated by virtual avatars representing actual people.　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to

2022-05-19Malalim na Pagsisid

Web3.0 is Far Better for Creators Than Web2, According to a16z

Andreessen Horowitz (a16z), a renowned venture capital (VC) firm, has published statistics demonstrating that artists gain more when they pitch their tents with Web3.0 rather than Web2.0.　　The claim was made in the inaugural issue of the firms state of the crypto report, which revealed that Web3.0 presently had 22,400 developers.　　It should be noted that the Web3.0 space is dominated by Non-Fungible Token (NFT) innovators who are notably leveraging blockchain to alter the art, music, and creative world in general. Web2.0 was inventive enough to allow users to generate content that everyone can enjoy. However, the main social media sites offer little or no incentive mechanisms for these artists. Web3.0 is destined to change everything.　　The Andreessen Horowitz analysis compared Web3.0 creator profits to those on YouTube, Spotify, and Meta Platforms Facebook.　　According to the data, YouTube produced $15 billion in content ad revenue from 37 million channels, with an average pay per channel of $2.47. The compensation decreases with Facebook, which hosts 2.91 billion users and generates $300 million in ad income. The average wage for a creator in this city is ten cents. Spotify fared better, with the 11 million musicians hosted on the platform receiving an average of $636 from

2022-05-19Malalim na Pagsisid

Two Ethereum Rivals Are Far Outperforming ETH in Pair of Key Metrics, Says Venture Capital Giant Andreessen Horowitz - BitcoinEthereumNews.com

EthereumDalawang Karibal sa Ethereum ay Malayong Nahihigitan ang ETH sa Pares ng Mga Pangunahing Sukatan, Sabi ng Venture Capital Giant Andreessen Horowitz05 / 19 / 2022Balita ng Ethereum ng Bitcoin　　Two altcoins are crushing Ethereum (ETH) in terms of active addresses and daily transactions, according to a new report from venture capital giant Andreessen Horowitz (a16z).　　The venture capital firm looked at active addresses measured over a 30-day period as of May 12th, Ethereum had 5.5 million, compared to 9.4 million for Binance Chains Binance Coin (BNB) and a whopping 15.4 million for Solana (SOL).　　Andreesen Horowitz also sinisiyasat daily transactions, looking at the 30-day average. As of May 12th, ETH had 1.1 million, compared to 5 million for BNB and 15.3 million for SOL.　　Ethereum, however, has a far higher demand for block space. The leading smart contract platform by market cap witnessed more than $15 million worth of transaction fees over a seven-day average, compared to about $1.3 million for BNB Chain and only $62,041 for Solana.　　The firm also found that Ethereum easily attracts the most developers out of the three blockchain ecosystems.　　“Ethereums popularity is also a double-edged sword. Because Ethereum has historically prized decentralization over scaling, other blockchains have been able

2022-05-19Ethereum

What Is Tether? Will It Fall Like UST In The Future? - BitcoinEthereumNews.com

TeknolohiyaAno ang Tether？ Babagsak ba Ito Tulad ng UST Sa Kinabukasan？05 / 19 / 2022Balita ng Ethereum ng Bitcoin　　Cryptocurrencies are highly pabagu-bago ng isip, making it difficult for holders to preserve asset value. Its safe to mention that digital assets are a great way to transfer money to friends/family in different countries. However, sending cryptocurrencies has numerous risks due to rapid price changes. This made it necessary for experts to create a cryptocurrency pegged to a real currency. One of the most significant advantages of fiat currency is stability. Fiat is stable even over a long period. However, excessive paper money printing can affect its value in the long run. The American dollar is one of the most popular fiat currencies due to its stability and acceptance. Many stablecoins, such as Tether, have been pegged to the USD, making them more stable. Stability also makes them an efficient way to preserve value, especially when sending USDT abroad.　　What is USD Tether (USDT)？Sumali sa Chat Discord　　USDT is a popular stablecoin on numerous blockchains, including Ethereum and Tron. The primary purpose of Tether is to mimic the USD, so even when the dollar grows in value, USDT also grows. According to the company,

2022-05-19Industriya

Universal Music Group ties with LimeWire to make music NFTs mainstream - BitcoinEthereumNews.com

TeknolohiyaNakipag-ugnayan ang Universal Music Group sa LimeWire para gawing mainstream ang mga NFT ng musika05 / 19 / 2022Balita ng Ethereum ng Bitcoin　　Universal Music Group (UMG) has entered a strategic deal with LimeWire, a digital collectibles marketplace. LimeWire revealed this news yesterday through a press release, noting that this partnership involves non-fungible tokens (NFTs). Specifically, this deal will see both companies strive to make digital music collectibles more accessible.　　Ayon sa pahayag, this collaboration will see UMG artists and record labels access LimeWires Algorand-based NFT marketplace. The marketplace will serve as an additional platform for the artists and labels to explore various ways to engage with fans through digital collectibles and the web3 ecosystem.　　Moreover, the marketplace will help UMG artists and labels create new revenue streams.　　This agreement saw UMG offer LimeWire licenses to let it partner with its artists. This provision helps streamline the launch of inovative music-based NFT projects through the LimeWire marketplace.　　Commenting on this collaboration, LimeWire co-CEOs Paul and Julian Zehetmayr said,　　“We see this partnership as a true demonstration of the pace at which the music industry is embracing Web3. We‘re thrilled to open up the LimeWire NFT ecosystem to Universal Music Group artists and fans and can’t wait

2022-05-19Industriya

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