Author: Donald Munn
In a tweet yesterday, Ethereum co-founder Vitalik Buterin expressed his thoughts about the future of the metaverse. The current and future vision of the metaverse according to Vitalik Buterin The metaverse still lacks a clear definition, according to Vitalik Buterin The metaverse is a world that is yet to be explored, a strange land where new realities and big tech are competing to earn the mantle of next leader in the field. Like all things new, they are trying to create a model that can meet the needs of future consumers. Most likely, many of the newly developed paradigms will…
News keeps coming from the world of NFTs, with new collaborations and initiatives that so many different companies are creating in the industry, using the technology of Non-Fungible Tokens in particular, and the latest ones include jewelry company Tiffany and concert and show ticket distributor Ticketmaster. Tiffany and the CryptoPunks NFTs Tiffany, the famous American jewelry sales company, has announced a partnership with Yuga Labs’ NFT collection, CryptoPunks. Holders of these Non-Fungible Tokens will be able to make the claim of Tiffany necklaces, as well as receive another NFT dedicated to the collaboration. JUST IN: Tiffany & Co. has announced…
Bitcoin Analysis Bitcoin’s price again traded lower at close than at open on Wednesday and BTC concluded its daily session -$170.1. The first chart we’re looking at for this Thursday is the BTC/USD Perpetual Contract 4HR chart below from zippy1day. BTC’s price traded right around the 0 fibonacci level [$23,459.5] for the bulk of Wednesday’s trading session. The chartist below posits that BTC’s price is forming a Head & Shoulders pattern on the 4HR time frame. The first target to the downside is [$22,374.] followed by 1 [$21,384.5] and 1.618 [$2,102.]. BTC/USD Perpetual Contract 4HR chart The Fear and Greed…
Bitcoin Analysis Bitcoin’s price closed in negative figures for a fifth consecutive day on Tuesday but sellers have really failed thus far to do much technical damage even on lower time frames. When traders settled-up at BTC’s candle close on Tuesday it was -$275. The first chart we’re looking at today is the BTC/USD 1W chart below from TradingForArab. The price of bitcoin is trading between the 38.20% fibonacci level [$21,272.19] and 0.00% [$69,366.14], at the time of writing. The BTC target to the upside on the weekly time frame for bullish traders is back up to test BTC’s all-time…
Bitcoin Analysis Bitcoin’s price rallied during Monday’s final hourly candle and buyers pulled another power hour move to close the daily session just marginally in negative figures [-$35]. The first chart we’re looking at for this Tuesday is the BTC/USD 4HR chart below from howard2535. BTC’s price is trading between the 0.5 fibonacci level [$22,695.85] and 0.382 [$23,163.56], at the time of writing. The overhead targets on bitcoin for bullish BTC market participants are 0.382, 0 [$24,677.69], and 1 [$25,217.88]. Bearish traders are trying to again crack the 0.5 fib level with a secondary target of 0.618 [$22,228.14]. The third…
Bitcoin Analysis Bitcoin’s price closed back above the 200W MA for the first time since June 6th to close a week on Sunday but failed to continue its momentum and concluded its daily session $-345. BTC’s price did manage to close the monthly timescale back in green figures after three consecutive months of sellers pushing the price lower prior. The first chart we’re leading off with to begin a new week is the BTC/USD 1W chart below from davy101. BTC’s price is trading between the 0.00% fibonacci level [$17,529.35] and 23.60% [$24,226.65], at the time of writing. Bullish market participants…
For the first time, an English soccer club, Oxford City, will accept Bitcoin payment for tickets to games. Oxford City implements Bitcoin support in its ecosystem For the first time in history, starting from 6 August, the start date of the professional soccer championships, Oxford City, a National League soccer team, will allow its fans to purchase tickets to games, food, drinks and team gadgets with Bitcoin. The club has entered into a multi-year partnership with CoinCorner, a Bitcoin company based in the Isle of Man. CoinCorner will be the sponsor on the back of the club’s shirt and has…
In recent days, we seem to hear a little less often about the Ethereum Merge. Is interest in this momentous transition fading? In reality, the answer may oddly enough be both yes and no. Interest from the community regarding the Ethereum Merge is changing The peak in interest, according to Google Trends data on online search volume, occurred shortly after mid-July. It was a real boom, as in one week, from 12 to 18 July, the volume of searches increased tenfold. However, it subsequently declined, but without returning to the levels before the boom. In fact, current search volumes are…
Recent research by BanklessTimes claims that Bitcoin mining could raise the global temperature by 2 degrees by 2040. However, there is a glaring error in the reasoning behind this projection. The BanklessTimes analysis concluded that on average, a single Bitcoin transaction produces about 841 kilograms of CO2, and that this figure will surely increase in the future with increased Bitcoin adoption. However, this claim is based on a misinterpretation of Bitcoin’s energy consumption that denotes a lack of knowledge of how it actually works. In fact, the energy consumption of Bitcoin mining does not depend on the number of transactions…
Binance announced that co-founder, Yi He, has been appointed as the new head of the venture capital (VC) arm of the Binance Labs incubator. Binance Labs appoints Yi He as new head Yi He is Binance Labs’ new VC fund manager Binance Labs is the world’s largest crypto VC with $7.5 billion in assets under management (AUM) consisting of more than 200 projects. It boasts a historical rate of return of 2.100% since its inception, which is a multiple on invested capital (MOIC) of 21x. Yi will lead both the overall strategy and day-to-day operations of Binance Labs, and part…