Latest Market News
Cryptocurrency continues its wild race, stably heading in the direction of recovery since the May crash. While it’s hard to say when the greatest of cryptocurrencies will regain their former splendor (Bitcoin was priced at the highest of $63K earlier in April, down to almost $44K now), one thing remains clear – cryptocurrency has made a large step forward in its standing. From the ban on cryptocurrency activities in China, preceding the launch of the central bank’s first in the world digital currency, it is recognizable that crypto finally gains some tangible application and recognition in the real-world economy. And, although the cryptocurrency bubble still remains a point of talks, the speculation will become less and less once more reliable projects start taking ground.
The Fantom blockchain platform is vying to become a significant player in the non-fungible token (NFT) market with the recent announcement of the Artion NFT marketplace.
With Bitcoin battling at the 100-day MA, there could be some very interesting action in the altcoin markets as well. This week, we featured Terra, Particl and Hdac as three altcoins that have interesting fundamental developments in the pipeline. Now, let's take a look at the LUNA, PART and HDAC tokens from a technical analysis perspective to get a better idea of how they could perform in the markets.
The Cardano community is buzzing at the moment thanks to the recent Cardano Summit, which brought plenty of announcements related to the Cardano ecosystem. One of the notable news to come out of the event is the partnership between Cardano developers IOHK and Chainlink, which could provide a significant boost for smart contracts on the Cardano blockchain.
As we move into Q4 this week, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
Bitcoin, Ethereum, and other popular cryptocurrencies are often touted by their supporters as being secure and decentralized, a term that seems to have many meanings around the web. Some people think ‘decentralized’ means that no banks hold all the Bitcoin in the world. Others believe that it means everyone using a cryptocurrency has to contribute to the blockchain… and they’re partially right.
Social media platform Twitter has officially announced that it’s rolling out a tipping feature, which will support Bitcoin as one of the available payment options. The announcement confirms the recent speculation that emerged from users discovering that a beta version of the Twitter app for the iOS contained references to the Lightning Network and Bitcoin tipping.
Cryptocurrency exchange Crypto.com continues spending big on marketing in the sports industry. The exchange has signed a deal with NBA franchise Philadelphia 76ers to become the team’s jersey patch sponsor in the 2021-2022 NBA season. Crypto.com advertisements will also be displayed in the arena during the 76ers’ home games.
Bitcoin.org, a website hosting useful resources for the Bitcoin community, was compromised earlier today. Users who visited the website were greeted with a pop-up message advertising a typical crypto “giveaway” scam. The pop-up provided a Bitcoin address, and claimed that users who would send BTC to the address would receive twice as many BTC back.
The Crypto Hall of Fame project says that they will be minting the remainder of their non-fungible tokens (NFTs) on RSK, a smart contracts platform secured by the Bitcoin network. The Crypto Hall of Fame is a series of 21 portraits created by digital artist Max Cryptohead. The first 11 portraits from the series were minted as ERC-721 standard tokens on the Ethereum blockchain, but the remaining 10 will be minted on RSK through Nifty Labs’ NFT Minter module.
