In brief Fractal, a Solana-based NFT gaming marketplace, has added the ability to create a wallet using a Google account. The move is designed to make it easier for players to enter the NFT gaming space. Onboarding new users into the Web3 world is an ongoing challenge for crypto and NFT platforms, due to the complexities of handling crypto wallets…
AVAX and ALGO both fell by nearly 10% on Friday, following the release of the latest inflation figures in the United States. Data showed that inflation is currently at 8.6%, which is close to a 40-year high. Both AVAX and ALGO moved close to one-week lows on the news. Avalanche (AVAX) AVAX moved close to a one-week low on Friday,…
Blockchain analytics platform Chainalysis has released a report analysing the crash of Terra’s stablecoin UST, concluding that it while it was a factor in the recent crypto market crash, it wasn’t the deciding factor. Instead, the report read, “the crypto market’s recent downturn appears more closely linked to the tech market decline than to UST’s collapse.” According to Chainalysis, Bitcoin’s…
Inflation data for May shows a 40-year high of 8.6% for the U.S. Consumer Price Index report.The highest year-over-year vector consisted of the Energy Index (34%) with fuel oil rising over 106%.Month-over-month, fuel prices rose another 16% while bitcoin continues to hold $29,500. The Bureau of Labor Statistics (BLS) released the U.S. Consumer Price Index (CPI) inflation data for the…
When the bitcoin price slips into a prolonged downtrend as it has since its record high set in late 2021, all types of investors start pointing fingers at whomever seems the most likely culprit for the selloff. Are whales manipulating the market? Are paper-handed normies dumping their bags? Are Wall Street suits suppressing the price? Nothing strikes fear into the…
During the early years of the cryptocurrency space, decentralized autonomous organizations (DAOs) and smart contracts were discussed in theory. Nowadays many people consider The DAO, launched in 2016 by members of the Slock.it development team, to be the first smart contract-based DAO. In 2022, there’s a lot more DAOs, as statistics show that $10 billion is held by DAO treasuries.…
Ethereum’s native token Ether (ETH) resumed its decline against Bitcoin (BTC) two days after a successful rehearsal of its proof-of-stake (PoS) algorithm on its longest-running testnet “Ropsten.” The ETH/BTC fell by 2.5% to 0.0586 on June 10. The pair’s downside move came as a part of a correction that started a day before when it reached a local peak of…
Treasury Secretary Janet Yellen on Thursday warned against including Bitcoin and other cryptocurrencies in retirement plans, calling them a “very risky investment”. Yellen’s comments came at a New York Times event in Washington, in response to a question about Fidelity’s April announcement that it will let workers save up to 20% of their retirement funds in Bitcoin. “It’s not something…
Automated market makers are a true public good in crypto, enabling genuinely decentralized trading 24/7 and supporting the wider DeFi ecosystems. But they’re not without a host of problems, writes digital economist and academic Christos A. Makridis. The decentralized finance (DeFi) market has surged since 2021, growing from just over $20 billion to nearly $160 billion as of March 2022,…
Mastercard has announced that it’s teaming up with several non-fungible token (NFT) marketplaces to “bring its payments network to Web3,” making it possible to purchase NFTs with its debit and credit cards. According to a blog post, the NFT marketplaces partnering with Mastercard include Immutable X, Candy Digital, The Sandbox, Mintable, Spring and Nifty Gateway, as well as Web3 infrastructure provider…
