Welcome back to day two of Web Summit, one of the world’s leading tech conferences, with over 71,000 attendees on the second day. The summit is live and in-person in Lisbon, Portugal after two years. The summit is known to bring together some of the most prolific personalities from the tech world together, and in
Month: November 2022
October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.” According to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in October reached 1.11 million,
Fintech firm Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC). On Nov. 4, Ripple CEO Brad Garlinghouse proudly tweeted that the number of companies, developers, exchanges, associations and investors officially supporting the firm has reached 12. The pile of
Blockchain gaming company Gala Games urged its community for calm after misplaced fears of a multi-billion dollar rug pull or hack caused the GALA token to temporarily crash 25.6%. The initial panic, which Gala Games later implied was unfounded, came after a single wallet address appeared to mint over $2 billion GALA tokens out of
Bitcoin (BTC) has been lingering above $20,000 for the past nine days, but worsening conditions from traditional markets are causing traders to doubt if the support will hold. On Nov. 3, the Bank of England raised interest rates by 75 basis points to 3%, its largest single hike since 1989. The risks of a prolonged
DappRadar’s report outlines an 18% increase in the unique NFT trader count. The positive metrics denote that the NFT sector is still experiencing an influx of new people, proving that NFTs are still in great demand. NFT analytics firm DappRadar has documented an increase of 18% in monthly unique NFT traders. The report further stated
As Bitcoinist reported, the number of supporters for Ripple Labs in its legal battle with the U.S. Securities and Exchange Commission (SEC) is steadily increasing. Following the 11 entities that already sent an amicus to the court yesterday, another one has been received by Judge Analisa Torres with the amicus letter from Veri DAO LLC.
Summary: Layer 2 transactions on Ethereum’s blockchain hit a new seven-day high, Orbiter Finance data showed. Orbiter’s dashboard recorded over 5.78 million transactions between October 27 and November 2. Arbitrum led the L2 pack with around 46.59% of layer 2 transactions carried out on the protocol. Transactions on Ethereum’s mainnet only exceeded L2s by about
JPMorgan, DBS Bank, and SBI Digital Asset Holdings have completed their first lives trades on a public blockchain using decentralized finance (defi), tokenized deposits, and verifiable credentials under the supervision of the Monetary Authority of Singapore (MAS). Singapore’s central bank is planning two more pilots that involve Standard Chartered Bank, HSBC, and UOB. JPMorgan, DBS
On this week’s episode of Market Talks, Cointelegraph welcomed Jake, or “KJ” — also known as “Korean Jew Crypto” on Twitter — the founder of The Trading Dojo, a platform that provides coaching and education to help traders identify profitable trades on their own. The wide-reaching interview covered KJ’s take on how to trade the
The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget. The government’s “2022 Fall Economic Statement” released on Nov. 3 by Deputy Prime Minister Chrystia Freeland works as a fiscal update in conjunction with its main yearly budget. The statement
The price of Litecoin (LTC) could skyrocket by up to 200% by July 2023, coinciding with its halving event, reducing miner block rewards by 50%. Litecoin has bottomed out? Litecoin has undergone two halvings since its launch in October 2011. The first one occurred in August 2015, which reduced its block reward from 50 LTC to 25
After an impressive 23.7% rally between Oct. 25 and Oct. 31, Binance’s BNB (BNB) coin has faced a strong rejection from the $330 resistance. Is it possible that the two-day 6% sell-off from the $337.80 peak could indicate that further trouble is ahead? Let’s take a look at what the data shows. BNB 12-hour chart on
Bitcoin (BTC) lingered lower on Nov. 3 as the aftermath of the Federal Reserve interest rate hike subsided. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trading range forms with $20,000 at center Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering just above $20,000 on the day. The pair had seen flash volatility as
Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the
SuperRare launches RarePass, dubbed “Genesis,” to tempt crypto NFT users. RarePass will allow users to receive specially curated art NFT drops by leading global artists like Pinder Van Arman and XCOPY. Prominent art NFT marketplace SuperRare has launched “Genesis RarePass,” through which users can easily receive curated crypto art from some of the top NFT