Bitcoin was trading lower in today’s session, as it was revealed that Tesla had sold 75% of its holdings in the cryptocurrency. The news comes following the company’s Q2 earnings call, where they confirmed converting the token into fiat currency. Ethereum was also lower on the news. Bitcoin Following a recent run of gains, bitcoin…
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Bitcoin price started a downside correction from the USD 24,200 zone and spiked below USD 23,000. It is currently (11:20 UTC) trading near USD 22,600 and is down almost 5% in a day and up 12% in a week. Similarly, most major altcoins are trading above key support zones. ETH stayed above the USD 1,450…
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A noted non-fungible token (NFT) collector has lost ETH 100 (USD 148,665) as a result of a “joke” bid on one of his own Ethereum Name Service (ENS) domains. The pseudonymous NFT whale Franklin, who holds a number of valuable Bored Ape Yacht Club NFTs (among others), minted the ENS name stop-doing-fake-bids-its-honestly-lame-my-guy.eth and put it…
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Major crypto exchange FTX, which has positioned itself as the industry’s savior, is reportedly looking to raise fresh capital at its January USD 32bn valuation. CEO Sam Bankman-Fried is in talks to raise fresh funding after the exchange carried out a buying spree during the latest crypto market downturn, Bloomberg reported, citing undisclosed people familiar…
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The electric car maker Tesla sold off 75% of its bitcoin (BTC) holding for “a realized gain” in the second quarter, prompting speculations on how this investment went for the company. The sale is believed to have been made at a price of around USD 29,000, higher than the lows seen during the quarter…. Read…
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On Thursday, the European Central Bank (ECB) raised interest rates in the eurozone for the first time in 11 years, as high and rising inflation becomes central bankers’ primary concern. The 50 basis points rate hike is higher than analysts had expected, and marks a departure from the zero-interest rate environment the EU has been…
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FTX CEO Sam Bankman-Fried and Solana co-founder Anatoly Yakovenko shared valuable insights for early-stage Web3 founders during a virtual summit. The blockchain ecosystem is constantly evolving, yet there always seems to be one overarching sector dominating at a given time. For example, decentralized finance (DeFi) projects received an impressive amount of venture capital funding in…
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COIN stock can rally to $160 by the end of the year, a mix of technical and fundamental indicators suggest. Coinbase stock (COIN) price has nearly doubled since its June lows with a potential for much more upside this year, according to a mix of technical and fundamental indicators. COIN’s symmetrical triangle reversal COIN has…
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What are smart contract audits, how do they work, and how do they benefit the crypto projects who get their code scrutinized? Let’s find out. Do smart contract audits improve crypto’s image? Blockchain technology is becoming a bigger part of all our lives — and auditors like Hacken are ensuring that crypto projects put their…
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OMA3 will focus on proposing standards and facilitating collaboration between various stakeholders of Web3 and other industries. Blockchain-based metaverse and Web3 platforms have decided to form an Open Metaverse Alliance for Web3 (OMA3) to overcome the interoperability challenges of the industry. Four core principles of the Alliance are said to be transparency, inclusiveness, decentralization and…
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