Pinakabagong Balita sa Crypto at Market Updates

Crypto Correlation With Gold, S&P 500 Increasing, Asset Class Going Mainstream - BitcoinEthereumNews.com

Pinagmulan: Arcane Research　　This pattern replicates across the top 50 cryptocurrencies by market cap, Arcane Research said, with ApeCoin becoming the best performer on this ranking. Arcane Research noted the following correlation across all financial sectors:　　Pinagmulan: Arcane Research　　When the correlation between crypto and the Nasdaq 100 turns negative, the nascent asset class could return to price discovery, according to former BitMEX CEO Arthur Hayes. This could send Bitcoin into the $1 million price point and Ethereum to over $10,000.　　Mga Kaugnay na Pagbabasa | Narito ang Kung Ano ang Magtutulak sa Bitcoin Sa $1 Milyon, Ayon sa Tagapagtatag ng BitMex　　At the time of writing, Bitcoin trades at $41,200 with a 1% profit on the daily chart.　　Ang BTC ay gumagalaw patagilid sa pang-araw-araw na tsart. Pinagmulan: Tradingview ng BTCUSD

2022-04-20Industriya

The Sandbox, FlickPlay Collaborate to Accelerate Interoperability in Metaverse

With the metaverse expected to be worth between $8 trillion and $13 trillion by 2030, virtual world gaming platforms The Sandbox and FlickPlay have joined hands to enhance its adoption by offering players a blockchain asset.　　With the interoperability concept being at the heart of the metaverse, the blockchain asset will enable users to move freely between virtual worlds on distinctive platforms, enabling them to carry belongings like virtual clothes. 　　Pierina Merino, the CEO and founder of FlickPlay, noted that the partnership would be a stepping stone towards attaining the interoperability feature in the metaverse.　　She noted:　　“Initially, Flicky owners will unlock a version of the chameleon to use on The Sandbox, but soon they will be able to use the exact version of the digital asset stored on the blockchain in both games.”　　Sebastien Borget, The Sandboxs co-founder, welcomed the collaboration because it would offer a more immersive experience and said:　　“The integration is notable because it may be the first to bridge an NFT in the virtual world with usage linked to the physical world.”　　The metaverse continues to gain steam in the modern era because it entails shared virtual worlds where avatars, buildings, land, and even names can be bought and sold, often

2022-04-19Malalim na Pagsisid

Hyundai Emerges as First Automaker to Roll Out Community-Based NFTs

South Korean auto giant Hyundai Motor has entered the non-fungible token (NFT) market after partnering with the ‘Meta Kongz’ NFT brand to enhance its customer community and brand awareness.　　Therefore, Hyundai Motor becomes the first automaker to penetrate the NFT space with its own community, including channels on Twitter and Discord and the Hyundai NFT official website. Per the announcement:　　“The Hyundai NFT community will provide its users with the Hyundai brand experience in the metaverse by sharing NFTs depicting its mobility solutions.”　　The channels will help the Hyundai NFT community to manage the non-fungible tokens value.　　Hyundai also released a short film showcasing its NFT universe concept dubbed “Metamobility Universe” that was first rolled out at the Consumer Electronics Show earlier this year. 　　Meta Kongz is a famous NFT gorilla character, and the film reflected the ‘Metamobility’ concept, which is expected to offer a smart device-metaverse connection.　　Hyundai also intends to offer 30 limited editions of the NFTs on April 20 to commemorate the film release. 　　Profits are expected to be channelled towards community members and the projects management.　　Thomas Schemera, Hyundai Motors global chief marketing officer, acknowledged:　　“The Hyundai NFT Universe will extend the Hyundai brand experience, especially with the MZ generation, in a completely

2022-04-19Malalim na Pagsisid

NFT Trading Volume Surpasses $54B, Exceeds 200% in 2022

The non-fungible token (NFT) market continues to take the world by storm based on the notable adoption and trading volume witnessed.　　Data analytic firm IntoTheBlock explained:　　“The total volume traded by NFTs has recently surpassed 18m ETH with an aggregate value of more than $54b.”　　From the above chart, the total volume traded by NFTs stood at $16.94 billion on January 1, 2022, rising by 220% to hit the current $54.33 billion. Therefore, the NFT trading volume has grown exponentially from the beginning of the year.　　Furthermore, NFT collections in the Ethereum (ETH) network have risen in 2022. IntoTheBlock noted:　　“The number of NFT collections in ETH has increased by 104.5% in 2022. There are now a total of 80,300 collections.”　　Nevertheless, the adoption of NFTs is still in the early stages. IntoTheBlock pointed out:　　“The NFT adoption curve is just starting. Roughly only 4.5% of the ETH addresses with a balance are NFTs holders.”　　NFT market expected to grow by $147.24 billion by 2026　　According to a study by market research provider ReportLinker, the NFT market is anticipated to grow by 147.24 billion during the 2022-2026 forecast period, representing a compound annual growth rate (CAGR) of 35%. 　　Per the report:　　“The growing number of big brands entering the market,

2022-04-19Malalim na Pagsisid

Hacking Costs Beanstalk Stablecoin Protocol $80M

Beanstalk, a developing Ethereum stablecoin system, has emerged as the latest blockchain business to experience a hacker intrusion, resulting in a catastrophic $80 million loss from the platform.　　Peckshield, a blockchain security and data analytics firm, originally reported the attack on Twitter before confirming it.　　The Beanstalk Farms team acknowledged the attack and stated that it is investigating the situation and would notify the community as soon as feasible. While Peckshield estimated the loss to be roughly $80 million, it included an allowance that may effectively increase the losses. It is estimated that a total of 24,830 ETH and 36 million BEAN tokens were lost.　　Hacks and exploits have become prevalent, particularly in Decentralized Finance (DeFi) protocols. This year, the value of cybercrime employing these protocols has surpassed $1 billion, and further exploits are suspected to be in the works. The Beanstalk team stated that they are in communication with as many partners as possible, and an appeal has been issued in a second tweet to Centralized Exchanges to assist in limiting the attackers ability to use the monies stolen.　　“Were engaging all efforts to try to move forward. As a decentralised project, we are asking the DeFi community and experts in chain analytics

2022-04-19Malalim na Pagsisid

Ang Ethereum Foundation Ngayon ay May Hawak na $1.6 Bilyon Sa Mga Asset Sa kabila ng Pagtapon ng ETH Sa All-Time High ⋆ ZyCrypto - BitcoinEthereumNews.com

Ang Ethereum Foundation, ang non-profit na organisasyon sa likod ng pinakamalaking network ng smart contract, ay naglabas ng detalyadong ulat sa pananalapi noong 2021. Bagamat ito ay halos hindi nagbabasa ng oras ng pagtulog, binabalangkas ng ulat ang halaga ng pera na ginugol ng non-profit sa pananaliksik at pag-unlad habang naghahanda ito para sa Pagsamahin pati na rin ang mga kasalukuyang treasury holding nito pagkatapos ibenta ang ETH sa pinakatuktok.　　Ang Ethereum Foundation ay Nagmamay-ari ng Halos 0.3% Ng Buong ETH Supply　　Ang 28-pahinang ulat ng Ethereum Foundation noong Lunes ay naglalayong palakasin ang transparency at ibahagi ang pananaw nito sa mga investor ng ethereum. Ang ulat ay nagpapahiwatig na ang kabuuang pag-aari ng organisasyon ay umabot sa $1.6 bilyon noong Marso 31, 2022. Ang pinakamalaking bahagi ng treasury ay nasa crypto, habang $300 milyon lamang ang nasa non-crypto currency investments.　　Ang Foundation ay may nakakaakit na $1.3 bilyon na hawak sa ETH, na bumubuo ng halos 0.3% ng kabuuang supply ng ethereum. Ipinaliwanag ng ulat na sumusunod sila sa isang konserbatibong patakaran sa pamamahala na ginagarantiyahan na ang organisasyon ay may sapat na mga mapagkukunan upang pondohan ang mga layunin nito kahit na sa isang mahabang panahon ng pagwawasto sa merkado.　　Ang isa

2022-04-19Ethereum

Twitter's 'The Rights Plan' Responds to Elon Musk's Takeover Bid

In the latest twist in the relationship between Tesla CEO Elon Musk and microblogging network Twitter, Twitters board of directors has voted to activate the Rights Plan in response to Musks $43 billion proposal to buy over the platform and take it private.　　The announcement was made last Friday to the US Securities and Exchange Commission.　　The Rights Plan, colloquially known as the Poison Pill, is a defensive tactic used by businesses in the event of a hostile acquisition. Its been around for decades and has been proven to work. The technique is being used to counter Musks unsolicited acquisition proposal.　　When an individual or corporation, in this example, Musk, buys more than a 15% ownership in a deal that has not been approved by the board, Twitter is forced to flood the market with its shares without its permission. As a result, shareholders can acquire more shares at a bargain while also neutralizing his shares and maintaining the board in control in the event of an unsolicited takeover. The strategy will be in effect until April 14, 2023.　　The boards approach will reduce the likelihood of an individual or company gaining control of the platform through open market accumulation without paying a control

2022-04-19Malalim na Pagsisid

5 Best Cheap Cryptocurrency to Buy - April 2022 Week 4 - BitcoinEthereumNews.com

While LBLOCK is down by 79% since reaching an all-time high of $0.00974554 on February 17, its also up by 350% since launching at the end of January.　　LBLOCK is the native token of the Lucky Block lottery platform, which runs on Binance Smart Chain. It‘s due to hold its first ever draw later this month, at which point draws will become regular. Users can participate in each draw by buying tickets with LBLOCK, with winers taking home 70% of each draw. Additionally, all holders of LBLOCK will receive an equal share of 10% of each draw’s fund.　　While Lucky Block has witnessed a few delays in getting started, it has nonetheless grown quickly. It now counts over 50,000 holders of its LBLOCK token, which reportedly reached a $1 billion market cap faster than any other coin to date.　　Quick wrap-up of Lucky Block achievements:　　????Pre-sale sold outn????Amazing #PancakeSwap ilunsadn????Fastest-ever growing crypto in the history (hitting $1 billion market cap)n????50k holders in less than 3 months　　Make sure you follow us to stay up to date!????https://t.co/BaFMLsga6t　　— Lucky Block ???? (@luckyblockcoin) Abril 17, 2022　　Lucky Block is now waiting on the full launch of its mobile apps before holding its first draw. These should arrive soon, with

2022-04-19Industriya

Self-regulatory organizations growing alongside new US crypto regulation - BitcoinEthereumNews.com

As adoption takes off, the crypto industry is exerting increasing influence on American society. This can be seen in its lobbying efforts and political action committees, halimbawa, pati na rin its own organizational efforts, such as forming business associations that promote crypto at the state, regional and national levels. Yet another way crypto is influencing society is through self-regulation.　　The broader impact of self-regulation may be less apparent than when a PAC finances a political campaign or a startup is nurtured in a crypto industry-sponsored accelerator, and that limited visibility probably reflects the extent of the influence of self-regulatory organizations (SROs) at present. But SROs are helping shape the crypto industry itself, and they may eventually have a role in the crypto regulatory framework that is begining to come out of the United States federal government.　　Getting started self-regulating　　The first crypto SROs formed outside the United States, and the Virtual Commodity Association, iminungkahi by Gemini in March 2018, is considered the first attempt to create one in the United States. The VCAs stated misyonero is “to establish an industry-sponsored, self-regulatory organization (SRO) designation for U.S. cryptocurrency marketplaces to oversee virtual commodity marketplaces.” To that end, it formed as a working group, with

2022-04-19Industriya

Terra’s UST Had Surpassed BUSD As Such Third Highest Famous Stablecoin - BitcoinEthereumNews.com

The data also shows that UST has been on a parabolic rise since mid-November, with a 525 percent increase in market cap since then. Although possessing a higher market capitalization than BUSD, UST trades in far smaller volumes, with Binance‘s stablecoin seeing $2.26 billion over trading activity in the last 24 hours compared to UST’s $431.79 million.　　Bullish statements, like the rest of the crypto market, haven‘t done anything to boost the price of LUNA recently. The token’s price has dropped 12.4% in the last 30 days to $77.31, and it has dropped 34.4 percent since hitting an all-time high of $119.18 on April 5.　　UST‘s entire market capitalization has increased by 15% in the last 30 days, to $17.5 billion at the time of writing, according to CoinGecko. Following trading places with BUSD, which has a significantly reduced market valuation of $17.46 billion, UST is the world’s third stablecoin.　　The market capitalization of the United States dollar has risen to equal that of the British pound. However, it barely accounts for about a fifth of the value of the Binance digital dollar in terms of the trading volume. Terra USD (UST), the Terra blockchain‘s algorithmic stablecoin, has surpassed Binance USD (BUSD) to

2022-04-19Industriya

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