Tag: bitcoin trader

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JPMorgan sees higher BTC price potential, a16z unveils $4.5 billion crypto fund and PayPal hints at more crypto involvement: Hodler’s Digest, May 22-28

May 29, 2022

Coming every Saturday, Hodlers 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 Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil Venture…
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Partying in Davos with Cointelegraph: Crypto card payments accepted

May 29, 2022

We’re saying farewell to the World Economic Forum Annual meeting by demonstrating the real-world utility of crypto payments. With the World Economic Forum (WEF) Annual Meeting drawing to a close, attendees had the opportunity to join Cointelegraph for a farewell party at Ex Bar in Davos — where they could actually pay for food and…
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Stepn to block mainland China users to comply with regulatory policies

May 29, 2022

In a move to comply with Chinese regulatory policies, Stepn will be blocking users based in mainland China from its mobile app. The nonfungible token (NFT) game Stepn will ban users in mainland China in an attempt to follow Chinese regulatory requirements. The company’s uncertainty has been fueled by rumors that it will be forced…
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Bitcoin price action decouples from stock markets, but not in a good way

May 29, 2022

Conflicting Bitcoin derivatives data shows leverage traders bullish, while pro traders fear a deeper correction below $29,000. This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index…
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BSV president urges Meta to store data for its metaverse on a public blockchain

May 29, 2022

Jimmy Nguyen, president of BSV Association, hopes that Meta will take an approach that doesn’t store data within their own servers. While Meta has not yet launched its metaverse project, Bitcoin SV (BSV) association president Jimmy Nguyen thinks that it would be better for the firm to store user data on a public blockchain.  In…
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Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests

May 28, 2022

The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More Electricity Than Russian Farmers Miners extracting digital currencies account for more…
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Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals

May 28, 2022

Billionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. The FTX chief executive officer highlighted in a recent interview that a fraction of the funds raised by the company were “explicitly viewed from a potential…
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Bored Ape and Cryptopunk Values Wobble — During the Last Month, Blue-Chip NFT Floor Values Dropped Over 50%

May 28, 2022

While the crypto economy has dropped considerably in value during the last few weeks, seven-day statistics indicate non-fungible token (NFT) sales are down 17.32% lower than last week. Data also shows NFT floor values have tumbled a great deal during the past month as some of the most popular NFTs are selling for a lot…
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The key technologies that power the Metaverse

May 28, 2022

Multiple metaverses use various technologies to build immersive worlds. Read about the key technologies that power the Metaverse. What are the challenges of the Metaverse? Users’ cognition, emotions, and behaviors can be influenced by key technologies that enable multiple metaverses. The expensive cost of equipment is a barrier to the widespread adoption of metaverse technologies…
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NFT 2.0: The next generation of NFTs will be streamlined and trustworthy

May 28, 2022

NFTs are moving into the mainstream, but this requires a streamlined and trustworthy experience for the general public’s mass adoption. Nonfungible tokens (NFTs) have been in the headlines for the past few years. While swaths of the population have tried to get their head around why NFTs exist, demand has soared, institutions have been built,…
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