‘Silent crash’ as price floors collapse across NFT space

If prices plummet in an illiquid market, how soon before anyone notices? While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid nature, gauging the sentiment of the overall market market for a project can be difficult — a dynamic that has led one eGirl Capital member, Mewny, to dub NFT corrections ‘silent crashes.’ i really like @mewn21 phrasing of NFT crash as a “silent crash” why? in liquid markets, you can see prices…

Blockchain-based renewable energy marketplaces gain traction in 2021

Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to the emerging asset class.  While environmental concerns and the cost to reward debate rages on, there is one group of cryptocurrency projects that has the goal of bringing blockchain technology to the global energy grids as a way to encourage renewable energy generation through a…

Half a billion people just had their Facebook data leaked

According to a security analyst, sensitive personal information for over half a billion Facebook users was leaked on a well-trafficked hacking forum earlier today — a potential risk to millions of cryptocurrency traders and hodlers who now may be vulnerable to sim swapping and other identity-based attacks.  The trove of information was first discovered by Alon Gal, CTO of security firm Hudson Rock, who posted on Twitter about the leak earlier today: All 533,000,000 Facebook records were just leaked for free. This means that if you have a Facebook account,…

ETH smashes records, Bitcoin’s brilliant quarter, PayPal’s big move

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week ETH breaks record all-time high amid fresh price surge Ether? Record high! Binance Coin? Record high! Polkadot? Record high! Bitcoin? Flat as a pancake! Altcoins have been in the driver’s seat this week, with Ether breaking $2,100 for the very first time — besting the…

Band Protocol, API3 and DIA price soar to new highs

Nonfungible tokens (NFTs) have been the talk of the town over the past few months, but as the start of the second quarter gets underway for the global financial markets, it possible that traders may start looking for opportunities in other parts of the crypto market. Oracle projects are one sub-sector that has been making moves over the past few weeks as some traders shift their focus away from NFTs. BAND/USDT vs. API3/USDT vs. DIA/USDT 1-day chart. Source: TradingView As shown above, Band Protocol (BAND), API3 and DIA are three…

NFTs ‘ten times better’ than traditional art, says Beeple’s $69M NFT buyer

Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for $69 million dollars earlier this year. Explaining the motives behind his purchase in an exclusive interview with Cointelegraph, MetaKovan pointed out that NFTs have a number of advantages over traditional artworks: they are easy to transfer, they don’t have any storage costs, and their ownership can be shared. Also,…

Shopify CEO muses integrating e-commerce giant into DeFi ecosystem

Crypto’s march towards mainstream adoption takes another significant step forward as the CEO of an e-commerce giant is publicly pondering how to integrate his company with the decentralized finance (DeFi) ecosystem. On Friday night, Shopify CEO Tobi Lutke posted a Twitter message asking the DeFi community what “role” Shopify could play in the growing financial vertical: Hey #DeFi Twitter. What are the commerce related opportunities that you are most excited about? What role do you want Shopify to play? — Tobi Lutke (@tobi) April 2, 2021 The inquiry drew hundreds…

6 Questions for Wes Levitt of Theta Labs – Cointelegraph Magazine

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Wes Levitt, head of strategy at Theta Labs. At Theta Labs, Wes works on corporate strategy, marketing and press relations, and analytics. He has been a speaker on blockchain topics at conferences including the New York Media Festival, Blockchain Connect and NAB Streaming Summit, among others. Prior to joining Theta Labs, Wes…

What you should know before buying or selling an NFT in the US

Nonfungible tokens appear to be an idea whose time has come. Originally developed for use with collectible trading-card games, NFTs can represent almost any unique asset. Outside of the gamer context, the first NFT to gain widespread popularity was probably CryptoKitties, which were released back in 2017. Related: CryptoKitties’ Dieter Shirley on breaking Ethereum and NFTs CryptoKitties became so popular that at one time, CryptoKitty trading clogged the Ethereum network, setting records for transaction volume. NFTs have only grown in popularity since then, and have now been developed for a…

Here’s why April may be the best month yet for Bitcoin price

The U.S. dollar is starting to weaken once again as sellers are pushing the U.S. Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term. Alternative assets like Bitcoin and gold are priced against the dollar. Hence, when the DXY starts to drop, it often causes BTC to rally against the dollar. BTC/USD (orange) vs. DXY (green). Source: Tradingview Dollar’s share of global reserves is dropping fast According to Holger Zschaepitz, a market analyst at Welt, the U.S. dollar’s share of global reserves is…