Author: Donald Munn
According to the Atelier BNP Paribas quarterly report, the NFT market is in an exponential growth phase exceeding a value of $2 billion and it is estimated that the true potential of NFTs will be developed through AR technology in the metaverse which will enrich their economic value. NFTs, as we know, have become very popular in so many sectors and, according to this research by BNP Paribas, in order to get the most out of the experience of these products, augmented reality is also brought into play which enhances the experience of the user buying NFTs making it unique.…
Over the past few days, and in particular on Saturday 19 February, rumours have surfaced that the NFT platform OpenSea has been subject to a hacking attack. Last Saturday, some users reported that some NFTs from the Cool Cats and Doodle collection had been stolen, totaling 254 works. So the platform’s co-founder, Devin Finzer intervened and stated that it would in fact be a phishing attack not directly targeting the platform. “We don’t believe it’s connected to the OpenSea website”, Finzer explained in his tweet on Sunday. Here’s the original: As far as we can tell, this is a phishing…
Bitcoin Analysis Bitcoin’s price sold-off to lower prices again on Monday and concluded its daily session -$1,366. The first bitcoin chart we’re analyzing today is the BTC/USD 1W chart below from AnitaDollar. BTC’s price is still clinging to the 0.5 fib level [$36,575], at the time of writing. Bullish BTC traders are aiming to reverse course at that support and regain the 0.382 fib level [$43,858] before more damage ensues to the downside. Bearish traders on the other hand are hoping to crack the 0.5 fib level and push BTC’s price down to retest the 0.618 fib level [$28,710]. The…
Analisi di Bitcoin Il prezzo di Bitcoin ha inghiottito in modo ribassista la scala temporale giornaliera domenica e ha finito la sua candela giornaliera –$1.721. Il primo grafico che analizziamo oggi è il grafico BTC/USD a 1 giorno qui sotto da NightTerm. Il prezzo di BTC ha perso il livello di $40k durante il fine settimana e sta oscillando tra il livello 0,5 fib [$39.425,54] e il livello 0,618 fib [$37.889,41], al momento della scrittura. I trader rialzisti di BTC sperano che possano rimbalzare da 0,618 e recuperare nuovamente il livello 0,5 fib con un obiettivo secondario di 0,382 [$40.961,67].…
The escalation in eastern Ukraine’s Donbass is hurting the price of Bitcoin as well. The falling price of BTC Last Thursday the price of BTC was around $44,000 and then, partly due to the incessant rumours of an invasion of Ukraine, it dropped to $40,000 on Friday. On Sunday, it fell further to $38,000 and after yesterday’s statements by Russian President Vladimir Putin it fell below $37,000. It is worth mentioning that there is probably no direct impact on the price of Bitcoin from what is happening in eastern Ukraine, but the indirect impact is clear. The situation in Ukraine …
Since mid-November, Bitcoin has lost about half its value, and for El Salvador, the first country in the world to make it legal tender, it is a matter of having to record losses in the millions. However, President Nayib Bukele does not seem too worried by these generalized falls in the crypto market. He has announced on several occasions that the State would buy new quantities of Bitcoin, as it did last January, when the Central Bank bought $100 million worth of Bitcoin. In January, the president also announced the first crypto bond issue to finance the first tax-free Bitcoin…
In a recent report, Morgan Stanley argues that Ethereum has a lot of competition, and that there could be even more in the future. In fact, a few days ago Morgan Stanley Wealth Management published a report, entitled “Cryptocurrency 201: What Is Ethereum?” in which it speculates that Ethereum may have increasing competition problems in the near future. The 20-page report was written by Denny Galindo and James Ferraioli and is entirely dedicated to Ethereum. The previous report, Cryptocurrency 101, was dedicated to Bitcoin. Key points of the Morgan Stanley report One of the key points of the report is…
According to a report by XTB, one of the world’s largest publicly traded FX and CFD brokers, one in six investors in Italy has decided to invest in crypto. The profile of these users for XTB is clear: they are aged 34, make an average of 5 crypto CFD transactions per year, use the mobile app to trade, with an average contract duration of 3 days and 21 hours and in the vast majority of cases are men. But women are also present and the largest percentages of female investors in Europe are in Italy (7.3%), Portugal (10%) and Romania…
Is it possible to mine bitcoin by oneself again? As a matter of fact, yes, even nowadays, but it is not necessarily worthwhile. In recent months, it has happened that individual, non-pooled miners were able to mine Bitcoin or Ethereum blocks completely on their own. It is worth noting that the current reward for mining a Bitcoin block is 6.25 BTC, or over $240,000, although this will be halved in early 2024. However, since a lot of computing power is required to successfully mine BTC and ETH, miners usually pool their computing power with other miners, using so-called “pools”, and…
Twitter, the famous social network that has always been very attentive to the world of cryptocurrencies and its evolution, even after the resignation of its CEO Jack Dorsey, a well-known crypto evangelist. The news announced by Twitter concerns the method of payment, which is extended to Ethereum, and the regulation of bots, allowing them to be clearly differentiated from humans. As far as bots are concerned, the novelty is not insignificant, given the ever-increasing use that is made of these robotic response and interaction systems. Until now, it was not possible to clearly distinguish whether certain content was posted by…