Cristiano Ronaldo said that the idea of bringing new experiences to his fans through NFTs is something that he wanted to be a part of. Football superstar Cristiano Ronaldo has signed an exclusive multi-year nonfungible token (NFT) partnership with crypto exchange Binance. The collaboration aims to introduce soccer fans to the Web3 ecosystem through global NFT...
XRP's bearish outlook is driven by a mix of technical and fundamental factors that could see its price drop to $0.18 next. Ripple (XRP) price stares at potential losses in the coming weeks as it breaks out of a "descending triangle" pattern, with its bias skewed toward the downside. Major XRP breakdown underway To recap, XRP started forming the technical...
One of the world's largest producers of carbon emissions, the Russian gas giant Gazprom aims to reduce its carbon footprint by providing its flare gas for Bitcoin mining. The Russian government continues to establish links with major players in the cryptocurrency mining industry despite staying skeptical about legalizing cryptocurrency trading and...
All options are on the table for 3AC after this week’s crypto market collapse triggered mass liquidations for the hedge fund. Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a violent collapse in digital asset...
The company added that the deal was “subject to regulatory approval and customary closing conditions,” but expected to close in the third quarter of 2022. Cryptocurrency derivatives exchange FTX has entered into an agreement to purchase Canadian crypto platform Bitvo. In a Friday announcement, FTX Trading Limited said it planned to acquire Bitvo as part of the...
Like with any kind of property, law enforcement has the right to sell your coins and spend the money. Earlier this year, during the annual Queen’s Speech in the United Kingdom, Prince Charles informed the Parliament about two bills. One of them — the Economic Crime and Corporate Transparency Bill — would expand the government’s powers to seize and recover crypto...
BTC appears to be in the early stage of a recovery this week, and ADA, XLM, XMR and MANA could follow. The bears are trying to extend Bitcoin’s (BTC) record of nine consecutive red weekly candles to ten weeks, but the bulls are trying to avert this negative occurrence. Although sentiment remains negative, Arthur Hayes, former CEO of derivatives giant BitMEX,...
A mix of on-chain, fundamental and technical factors suggests more pain for Ether bulls ahead. Ethereum’s native token Ether (ETH) has dropped more than half of its value in 2022 in dollar terms, while also losing value against Bitcoin (BTC) and now remains pinned below $2,000 for several reasons. What’s more, ETH price could face even bigger losses in June due...
It’s touch-and-go for BTC bulls this Sunday with a 10th red weekly candle still at stake. Bitcoin (BTC) kept traders guessing into the June 5 weekly close as BTC price action closely mimicked last weekend. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling its May 30 opening level at the time of writing, just $300 higher than seven days...
The major game developer is reshaping its business strategy to include a more robust NFT ecosystem by investing in blockchain gaming infrastructure. Gaming giant Square Enix has revealed in its Q1 earnings report that it will expand nonfungible tokens (NFT) into more game products as part of its medium-term business strategy in 2022. Square Enix (SE) is a...
The global head of digital assets for Goldman Sachs said the demand for cryptocurrency from institutions is rising and the firm has been “actively broadening” its market capabilities to cater to that demand. Banking giants Goldman Sachs and Britain’s Barclays have joined a $70 million Series A funding round for the institutional crypto trading platform Elwood...
Vitalik Buterin has called for relief for the average UST smallholder who got lured in by promises of high stablecoin yields by crypto influencers. Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra (LUNA) project should prioritize small hodlers as part of any proposed reimbursement plan. As widely reported, the Terra eco-system suffered a...
The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it. As the dust settles from the Terra ecosystem crash, and the community decides what the next steps should be, the CEO of a validator runner in South Korea thinks the old Terra...
1. Crypto tokens vs. crypto coins Although crypto coins and tokens fall under the broader umbrella of cryptocurrencies, subtle technical differences between the two make each unique and warrant that investors understand these variances. While crypto tokens and coins are largely the same from the end-user perspective, there are technical differences in how they...
Signs pointing to Bitcoin’s steady maturity and growth in the crypto space and beyond are undeniable, making a case for the cryptocurrency being the ultimate digital reserve asset. There was a time when all cryptocurrencies traded against Bitcoin (BTC). Speculators ventured into other coins when they saw assuring tokenomics or promising hype, but Bitcoin was...
1. What is the Metaverse? The Metaverse is a virtual environment where people can carry out various tasks. The term “metaverse” was a term originally coined by science fiction writer Neal Stephenson in his influential 1992 novel Snow Crash to represent a virtual reality environment connected through the internet and accessible from any device such as a computer...
Twitter has not revealed any plans to use DOGE for payments. But the prospect of it happening could put a price floor below the token in the coming weeks. Major crypto exchange Binance announced it will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price. In a Thursday blog post, Binance said it would be...
Elon Musk could play a key role in reviving the Dogecoin market from the ongoing, TerraUSD-led bearish slumber. Dogecoin (DOGE) shows the prospect of undergoing a strong price rebound after reaching a technical support confluence on May 12. DOGE price 25% bounce incoming? DOGE's 45% price drop to $0.065 this week, or a 90% decline from its record high of $0.76...