Sentiment across the cryptocurrency market plunged even deeper on May 9 as an escalation in the ongoing sell-off intensified with bears pushing Bitcoin (BTC) to $30,334, its lowest price since July 2021. Crypto Fear & Greed Index. Source: Alternative.me Multiple factors like rising interest rates, the end of easy money policies by the Federal Reserve, declining stock prices and concerns…
Infura Co-Founder E.G. Galano Talks Otherside NFT Mint, Ethereum Gas Fees Infura co-founder and general manager E.G. Galano talks to Decrypt’s Kate Irwin about what Infura does, how the Bored Ape Yacht Club could have avoided the hiccups with its Otherdeed NFT mint, other hot NFT collections like Moonbirds, and Ethereum’s gas fee issues. Source: https://decrypt.co/videos/interviews/QCrMm8MY/infura-co-founder-eg-galano-talks-otherside-nft-mint-ethereum-gas-fees
In brief Prices for many popular NFT collections have fallen sharply over the past 24 hours. It mirrors the ongoing crash for crypto prices, with Bitcoin and Ethereum hitting 10-month lows today. While NFT market activity has at times appeared to be uncoupled from crypto prices—particularly when NFTs have surged as the crypto market declined—that’s not the case right now.…
El Salvadoran President Nayib Bukele tweeted Monday that the Latin American country bought another 500 Bitcoin (around $15.3 million) during the current market correction, putting the total number of BTC owned by El Salvador at over 2,300 (around $72.5 million). “El Salvador just bought the dip!” Bukele tweeted, adding that his government purchased at an average price of $30,744. The…
Roughly $1.4 billion worth of Bitcoin (BTC) was reportedly moved from a wallet tied to Luna Foundation Guard (LFG) on Monday, raising questions about its ultimate destination on a day that has seen Bitcoin’s price tumble more than 11%. Data from blockchain explorer Blockchair revealed Monday that 42,530.82827771 BTC was spent from the LFG wallet, though its destination was unknown.…
According to blockchain digitization provider Tokeny, on Monday, the Royal Museum of Fine Arts Antwerp (KMSKA) has become the first European museum to tokenize investment in fine art, starting with Belgian painter James Ensor (1860 – 1949)’s painting Carnaval de Binche. Investors can obtain fractional ownership of the work starting from 150 euros. The venture is a joint effort between…
As bitcoin dropped to fresh new lows on Monday, the price of terra (LUNA) slid by 33.3% during the last 24 hours. Moreover, the project’s stablecoin terrausd (UST) has lost stability, dropping to $0.932008 per token. Additionally, the Luna Foundation Guard’s bitcoin wallet and ethereum Gnosis safe address has been emptied. LUNA Price Puts Intense Pressure on Terra’s Stablecoin UST…
Bitcoin’s (BTC) current 20% drop over the past four days has put the price at its lowest level in nine months and while these movements might seem extraordinary, quite a number of large listed companies and commodities faced a similar correction. For example, natural gas futures corrected 15.5% in 4 days and nickel futures traded down 8% on May 9.…
At a Starbucks company presentation today, one longtime employee confronted the coffee brand’s top executives with his concerns about NFTs. The presentation from Chief Marketing Officer Brady Brewer included a section on the potential upsides of NFTs—unique blockchain tokens that signify ownership over an asset—about a week after Starbucks officially announced its push into Web3 during its quarterly earnings call. …
El Salvador bought the dip with a purchase of 500 BTC. The BTC purchase bolsters the already stacked reserves of El Salvador with a total of 1,620 BTC currently valued just shy of $50 million at time of writing. President Bukele has a proven track record of dip-buying bitcoin during flash crashes. El Salvador just bought the wild Bitcoin dip…
