DAO Maker, UniX, and SL2 Teams up for Its One of a Kind ‘FINAL ROUND’ Launchpad – Press release Bitcoin News

DAO Maker, UniX, and SL2 Teams up for Its One of a Kind ‘FINAL ROUND’ Launchpad – Press release Bitcoin News

PRESS RELEASE. Zug, Switzerland, April 25, 2022) UniX Gaming, a leading crypto gaming guild, has partnered with industry giants DAO Maker and SL2 Capital to launch its own launchpad, ‘Final Round’. UniX also announced that Delysium would be one of the first games to debut on ‘Final Round’. Invested in by the likes of Y Combinator, Delysium is the world’s first AAA blockchain MMO game, which in itself demonstrates UniX Gaming’s determination to see Final Round succeed.

The idea behind the launchpad for UniX is not just to give investors early access to the latest games but its community as well. The launch of ‘Final Round’ also puts UniX in a unique position as the only all-in-one guild, launchpad, and DAO. The addition of a launchpad to the UniXverse not only enables it to contribute positively to the Play-to-Earn space but adds more utility and value to its UniX token.

“We have been working tirelessly to make this possible for our community, and we have finally done it. We are extremely proud and excited to reach this milestone, and even more thrilled to launch our first game, Delysium, being a AAA game just shows the level of quality that we anticipate maintaining for our community, and for our ecosystem. This is only the beginning for Final Round, and there are many more milestones for UniX to hit, and we can’t wait to share them,” stated the Founder and CEO of UniX Gaming, Mirko Basil Doelger.

UniX is proud to be working alongside DAO Maker and SL2 Capital as both parties are incredibly experienced in launching successful Web 3.0 projects. DAO Maker is still considered by many to be the leading launchpad in the industry, its network of over 190,000 KYC-verified users notwithstanding. They have worked with projects such as My Neighbor Alice, Orion Protocol, XCAD Network, and Victoria VR and have proved immensely popular in the past. It’s this experience that UniX Gaming is relying on to build the best possible launchpad.

“We are excited to be working alongside UniX Gaming and SL2 Capital and are proud to be part of the first chapter with Final Round. The platform is intuitive, frictionless and inclusive to millions of people worldwide and primed to be a leader in the space. Final Round is setting the benchmark for what quality projects should be doing, bringing new and exciting technology to the masses. They can rely on our continued support for the long term,” said Christopher Zaknun CEO Dao Maker

Founded by a highly experienced team, including Holochain co-founder David Atkinson, SL2 Capital has built a reputation for its technical expertise, project management, and business development. It’s that technical expertise that’s responsible for much of the technology stack powering ‘Final Round’. This partnership will ensure rugged security and open the doors for future integrations, adding more chains, new partners, smarter APIs, and much more.

“We are proud to be working alongside UniX Gaming and DAO Maker on the journey with Final Round. The platform addresses problems in the GameFi launchpad space, and we believe it will set the trend and be a benchmark when it comes to frictionless and innovative solutions. Final Round is set to become a leader in this field. It will truly be the ecosystem of choice and the go-to solution founders and the crypto community has been waiting for,”stated Iftikhar Qasim CEO SL2 Capital

One of the defining features of ‘Final Round’ is its tier system, which helps UniX reward its community members based on the number of UniX tokens staked. Legendary members, the highest tier, will gain access to the NFT treasury and a private chat with the founding team, amongst many other benefits. But all tiers gain access to token multipliers during the IGO, early access to games, merch, NFTs, and more.

The tier system is designed to reward members based on their commitment to the UniX ecosystem. In recognition of the importance of its community to its growth, UniX is also developing an NFT collection that provides access to the various tiers without needing to hold UniX tokens. In fact, everything UniX is building is about giving back to its community and token holders. It’s all about helping more people learn, have fun and earn rewards; the Web 3.0 way.

About UniX Gaming

UniX Gaming debuted in June 2021 as one of the early adopters in the P2E space. They’re an ecosystem and a platform to onboard new GameFi projects into their own Metaverse. They are also a DAO that empowers gamers to have a voice on how they want the landscape of Play-And-Earn to be. Focused on growing the Play-And-Earn space, they have multiple projects in the ecosystem that are designed to bring as much value to all of their gaming partners and passionate community. Since June 2021, UniX’s scholarships have developed the world’s largest gaming community, or guild, with over 200,000 members.

Visit UniX’s Website | Medium | Discord | Telegram | Twitter

About DAO Maker

DAO Maker was founded in 2018. It is the first incubator to explore possibilities in the initial decentralized exchange offering and initial game offering. The platform is a funding source for startups and mitigates risk for investors. To learn more about DAO Maker and the “Maradona D10s” collection, visit these social media pages.

Visit DAO Makers Website | Medium | TikTok | Telegram | Twitter | Instagram

About SL2 Capital

SL2 Capital is an investment firm that invests and advises across all stages and sectors, with a focus on emerging technology like Web 3.0 and distributed ledger technology. SL2 Capital has been a driving force behind the successful launch and continued growth of a series of blockchain and DeFi projects. The team has worked at some of the largest companies in the world such as Microsoft, Google, Facebook and Sony bringing a wealth of experience to the table.

Visit SL2 Website | Email | Twitter

Media Contact:

Dina Mattar

Founder & CEO

DVerse

dina@d-verse.io

Timothy Biggar

Head of Marketing

UniX Gaming

timothy@unixgaming.org

 

 


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Market Nosedive Sends Cardano (ADA) Deeper Into Bear Territory

Market Nosedive Sends Cardano (ADA) Deeper Into Bear Territory

The crypto market has not been in the best of places recently and Cardano (ADA) has been feeling the heat especially hot lately. The digital asset which remains one of the popular and largest by market cap has had a hard run of it lately, pushing it further into the bear territory. As ADA continues on this trend of low momentum, hot on the heels of the market decline, indicators have proven to not be in the favor of the token’s value.

Market Declines By $80 Billion

During the weekend, the market had suffered consistent dips. Following the price of the leading cryptocurrency Bitcoin, most altcoins had taken a nosedive during this time. One of those was Cardano which had already been trading below $1 going into the weekend. The dip had pushed it further into the bear territory alongside others. By the time the weekend had come to an end, the crypto market had lost north of $80 billion from its market cap at the time of this writing.

Related Reading | Can Dogecoin Slide Further? Key Technical Levels To Keep An Eye On

This decline had been one that has been in the making. With the low momentum that had rocked crypto last week, prospects for the weekend had been increasingly bearish. This had come to a head as bitcoin had declined below $40,000, now trading at the $38,000 territory at the time of this writing.

As different altcoins have taken a hit following this decline, ADA’s outlook at this point has turned for the worse. This is evidenced by the indicators given that the digital asset has declined below every important one, causing a bearish short and long term.

Cardano (ADA) Not Looking Good

Going into the new week, Cardano looks to have it worse than other digital assets in the market. It is currently trading at one-month lows after a decline to the $0.83 level. A strong contender in the DeFi space, this has not seemed to have translated to the price of the digital asset yet.

The cryptocurrency is currently trading below the 50-day moving average at the time of this writing. The average which currently sits at $0.966 is a strong one that helps determine the short-term outlook for a digital asset and for ADA, this indicator points to a very bearish short term for it.

ADA trading at $0.856 | Source: ADAUSD on TradingView.com

This means that the current decline could not be the end for Cardano. If it is unable to recover and climb back above the $0.86 support level, then the digital asset’s price could revisit $0.7 sooner than investors expect.

Related Reading | Bitcoin (BTC) Dips Below $40,000 Over Ukraine And Possibility Of Fed Rate Hike

It is also a seller’s market meaning that all of the indicators point toward 100% sell pressure for the digital asset, especially for the long term. The next significant resistance point lies at $0.92 but with the price falling below major support levels, this area is out of reach for now.

ADA is trading at $0.839 at the time of this writing. Despite the decline, it remains the 9th largest cryptocurrency with a market cap of $28.36 billion.

Featured image from Investing.com, chart from TradingView.com



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Cardano To Increase Block Size By 10%, Can ADA’s Price Benefit?

Cardano To Increase Block Size By 10%, Can ADA’s Price Benefit?

Via an official post, Cardano developer Input Output Global (IOG) confirmed the approval and implementation of a proposal to increase the network’s block size. Currently standing at 80 kilobytes (KB), the mainnet will see a 10% increase to 88 KB.

Related Reading | Cardano (ADA) Is One Of The Worst Performing Crypto In Terms Of Profit

Set to roll out today April 25 at 20:20 UTC, at the boundary of epoch 335, as confirmed by the company. IOG called this proposal a “significant network enhancement” set to increase Cardano’s throughput and the performance of its decentralized applications (dApp).

As the company reiterated, Cardano has been experiencing a series of network upgrades that will allow it to improve its scaling capabilities in 2022. As the block size increase, IOG added, they will keep a close eye on it for future changes:

Once deployed, we shall monitor network performance and behaviour closely over at least one epoch (5 days) to determine the next increment. Cardano has seen phenomenal growth in recent months, with performance improvements to match.

Furthermore, the company claims that Cardano has been experiencing a “huge recent rise in transaction volume”. In that sense, with the addition of more improvements, they expect this trend to continue.

IOG is focused on optimizing Cardano as it prepares for its next Hard Fork Combinator (HFC) event set for around June this year. IOG added:

Cardano is one of the most decentralized blockchains in the world, built for correctness and security. As the ecosystem grows, we’re focused on delivering the scaling phase of our roadmap; improving speed and network capacity while maintaining security and decentralization.

As NewsBTC reported, the network seems to be experiencing an increase in institutional demand, per data from IntoTheBlock.

On-chain transaction volume for ADA appears to be in an uptrend since the start of February. This data seems to match with IOG’s statements about Cardano’s growth.

What’s Wrong With Cardano (ADA)?

Data from Token Terminal paints a different picture. As seen below, ADA’s trading volume saw a massive increase in late 2021 as the cryptocurrency began a persistent downside price action.

ADA’s price trends to the downside with its trading volume. Source: Token Terminal

This suggests investors started taking profit on ADA at that time. Since that period, the cryptocurrency saw an uptick in trading volume during January which led to further losses for ADA.

Only the increase in trading volume for March and April has led to profits for this cryptocurrency. Remains to be seen if the network improvements, as IOG claims, will be effective at bringing more users into the Cardano ecosystem which could result in sustainable price recovery.

Related Reading | New Wallets Surge On Cardano, What’s Behind This?

CEO at IOG Charles Hoskinson addressed ADA’s recent price action. In response to a holder’s concerns about the cryptocurrency’s recent downtrend, and what are the possible factor behind it, Hoskinson said:

Nothing. Markets move up and down. Cardano is stronger and more useful as an ecosystem than it’s ever been.

At the time of writing, ADA’s price trades at $0.8 with a 2% loss on the 4-hour chart.

Cardano ADA ADAUSDT
ADA’s price is on a downtrend on the 4-hour chart. Source: ADAUSDT Tradingview



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While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter – Finance Bitcoin News

While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter – Finance Bitcoin News

Wall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve rate hikes and China’s recent Covid-19 outbreak. As equities floundered on Monday, the crypto economy slid under the $2 trillion mark and gold prices dropped 1.6% against the U.S. dollar during the past 24 hours. However, after Elon Musk revealed he acquired Twitter at 2:50 p.m. (ET), both equities and crypto markets rebounded a great deal following the announcement.

Global Markets Shake Over Fears of Covid-19 Related Supply Chain Issues and the Possibility of Aggressive Rate Hikes

Four days ago, Jerome Powell, the current U.S. Federal Reserve chair, explained at an International Monetary Fund (IMF) panel discussion on April 21, that the U.S. central bank may have to move “more quickly” when it comes to bank rate hikes. Powell further noted that the U.S. central bank could implement a 50 basis-point rate hike at the next Fed meeting. The hawkish comments from Powell have spooked investors and U.S. stock indexes took losses before the weekend started last week.

While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter
“Global stock markets were mostly lower overnight, led by the biggest drop in Chinese shares in two years. U.S. stock indexes are pointed toward lower openings when the New York day session begins,” Kitco.com’s Jim Wyckoff wrote on Monday morning.

On Monday, Wall Street continued to suffer as the Dow Jones Industrial Average, NYSE Composite, and the S&P 500 all saw losses. At 10 a.m. (ET), the Dow shed 415.23 points and by the afternoon, it recovered a little more than half of the losses back. The blame is currently being placed on the Federal Reserve’s upcoming rate hikes, and China’s Covid-19 lockdowns. The chief equity strategist at MAI Capital Management, Christopher Grisanti, told Reuters that China’s current lockdowns have caused fear of possible supply chain problems.

“China lockdowns are getting worse. It slows general economic growth and also creates supply chain issues that will continue to make inflation bad and lower earnings growth in the United States,” Grisanti said. “I don’t think we’ve seen the bottom yet. We haven’t had that big sell-off yet where we have huge volumes,” the strategist added.

Gold and Crypto Markets Suffer, Portfolio Manager Says ‘Markets Are Struggling’

Gold and cryptocurrencies have also seen a downward trend in recent times. The crypto economy has shed billions over the last week, slipping back below the $2 trillion mark. A number of the top ten digital assets saw losses between 2 and 10% during the last seven days. Furthermore, the price of one ounce of fine gold has seen some percentage losses during the last 24 hours.

One ounce of fine gold has shed 1.6% in value over the last day, and one ounce of fine silver has lost 2.04%. Gold prices over the last 30 days have been stagnant too, and one-month stats show an ounce of gold’s USD value increased by a slight 0.39%. Silver, on the other hand, dropped more than 3% during the last 30 days. The precious metals’ decline in value is also being blamed on China’s Covid-19 outbreak and current U.S. Treasury yields could be pulling gold investors away.

While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and Crypto Rebound After Musk Buys Twitter
Spot price of gold on April 25, 2022, according to goldprice.org.

Steven Violin, a portfolio manager at F.L.Putnam Investment Management Co. told Marketwatch in an interview on April 23, that investors are struggling with “very strong forces.” Violin remarked that it’s very likely that nobody can predict what’s going to happen with the economy. “The tremendous economic momentum from the recovery from the pandemic is being met with a very rapid shift in monetary policy,” Violin said. “Markets are struggling, as we all are, to understand how that’s going to play out. I’m not sure anyone really knows the answer.”

U.S. Equities and Cryptocurrencies Erase the Day’s Losses After Musk Buys Twitter

Despite the stock market downturn and the recent crypto economy losses, both equities and crypto prices rebounded after Twitter announced that Tesla’s Elon Musk purchased Twitter. The entire crypto economy jumped from $1.93 trillion to $1.96 trillion after the announcment. After dropping below the $40K mark, BTC once again jumped back above the $40K region.

Major U.S. stock indexes recovered from the morning losses as well as NYSE, the Dow, S&P 500, and Nasdaq erased much of the day’s losses. As the trading day on Wall Street neared the closing bell, the major indexes flashed from red to green. After the company was acquired by Musk, Twitter’s current CEO Parag Agrawal said: “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.” It seems stock investors and crypto market participants like the fact that Musk purchased the social media firm.

Tags in this story
50 basis-point rate hike, Central Bank, Christopher Grisanti, COVID-19, Crypto, crypto economy, DOW, dow jones, Elon Musk, equities, F.L.Putnam Investment Management, Fed, Finance, gold, Gold Down, Investors, jerome powell, Mai Capital Management, Market Capitalizations, NYSE, Precious Metals, rate hikes, S&P 500, silver, Steven Violin, stock indexes, stocks, Twitter, Under $2 Trillion, Wall Street

What do you think about global markets today? Do you expect markets to continue sliding or do you think a rebound is coming in the near future? Let us know what you think about this subject and the economy in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Dogecoin Jumps Back Into Top 10 After Musk Buying Twitter News

Dogecoin Jumps Back Into Top 10 After Musk Buying Twitter News

With the crypto market on a bearish trend, Dogecoin lost its spot as one of the top coins slipping to 14th rank on CoinMarketCap. However, it quickly rose back into 10th place after the news break today that Elon Musk is buying Twitter. DOGE was out of the top 10 cryptos for a long but today’s rise has put the coin back into the top 10 cryptos by market cap. 

DODE pumped on the news that Elon Musk was taking Twitter private. There has been a 20% increase in the price of DOGE today after the news. Twitter is set to accept Musk’s $43 billion offer

Related Reading | Specialists Expect Bitcoin Back To $65K By End Of Year, Survey Finds

Elon Musk Behind The Rise In Dogecoin Price

DOGE has been steadily rising since it hit a low at $0.1239 this Monday, climbing up to around 20% higher. At the time of writing, the price per coin is $0.158. The DOGE market cap has also seen an impressive rise to $20.96 billion, putting the crypto in the top 10. 

As of right now, Dogecoin is worth only half of what it was worth one year ago.

The overall crypto market cap has also seen a fall of 2.79% early today, reaching $1.79 trillion. But as the DOGE started rising, other coins like Bitcoin and Ethereum also saw a significant increase. So now, the total crypto market cap stands at $1.82 trillion with a 1.78% rise.

Crypto Market Cap is 1.78% high after the Musk news | Source: Market Cap Chart from Tradingview.com

What’s going on? DOGE’s price has been trending steadily down for the last three months. The coin was relatively stable during that time. However, it experienced some volatility and a jump in trade volume from Elon Musk making his intentions public on Twitter—which may have something to do with why investors are sellers at present rather than buyers.

The price and trading volume of the popular memecoin coin Dogecoin has increased since 14th April, following reports that Tesla boss Elon Musk is interested in buying Twitter. On Friday, 15th April, the trading volume of DOGE was up 145% in the last 24 hours, and the market cap was 5% higher than it was on the previous day.

One of the most influential and open backers of Dogecoin on social media is Elon Musk. His statements have often led to jumps in the price for this popular crypto token, which he also uses personally.

Experts Predict DOGE May Fall Amid Hawkish Stance By The US Fed 

However, some people think that the price of DOGE will go down because the US Fed is taking a tough stance on inflation. According to experts, the DOGE price may fall to a new low as there has been much selling pressure on crypto assets.

Related Reading | Bitcoin (BTC) Dips Below $40,000 Over Ukraine And Possibility Of Fed Rate Hike

Shivam Thakral, CEO of BuyUcoin, said:

As the global financial markets face heat from the hawkish stance taken by Fed to tackle high inflation, there has been tremendous selling pressure in crypto assets. If this trend continues, Doge prices may fall further to find a new lower support level. 

                    Featured image from pixabay, chart from Tradingview.com



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Elon Musk Purchases Twitter for $44 Billion, Social Media Company Will Transition to a Private Company – Bitcoin News

Elon Musk Purchases Twitter for $44 Billion, Social Media Company Will Transition to a Private Company – Bitcoin News

On Monday, Twitter announced that Elon Musk has officially acquired the social media platform for $54.20 per share in a transaction valued at $44 billion. After the transaction completes, Twitter will transition to a private company.

Musk Acquires Social Media Platform Twitter — Aims to Enhance Free Speech and Unlock Twitter’s Potential

Tesla’s Elon Musk officially acquired Twitter on April 25, 2022, in a transaction valued at $44 billion. The deal came 21 days after Musk took a 9.2% stake in Twitter Inc. on April 4. The $54.20 per share price will give shareholders a 38% premium to Twitter’s closing stock price on the first of April. That was the last trading day Twitter had prior to Musk’s offer to purchase the social media firm.

“The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” Bret Taylor, Twitter’s independent board chair explained during the acquisition announcement. “The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

Elon Musk also made a statement during the acquisition announcement on Monday and he highlighted how free speech is needed in society. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk explained. The Tesla executive and now owner of Twitter further said:

I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.

Furthermore, last week Musk explained how he wanted to improve Twitter by making the account verification process easier, and possibly implementing dogecoin payments. Since the news broke earlier this morning indicating that Musk was negotiating with Twitter, dogecoin prices have surged by 26.3% today. Following the acquisition announcement, DOGE added 10% to its total 24-hour percentage gains.

Tags in this story
Bret Taylor, Doge, dogecoin, Elon Musk, elon musk buys twitter, elon musk invests in twitter, elon musk new social media, Elon Musk stake twitter, elon musk twitter, elon musk twitter improvements, elon musk twitter priorities, elon musk twitter stake, elon musk twitter takeover, engaging in negotiations, Twitter, Twitter Board, Twitter Management

What do you think about Elon Musk acquiring Twitter for $44 billion? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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New York legislators to vote on PoW mining moratorium this week

New York legislators to vote on PoW mining moratorium this week

New York’s legislature might ban proof-of-work (PoW) crypto mining in the state for at least two years, citing environmental concerns. 

Over the past weekend, on Saturday and Sunday, several crypto advocacy groups — including the Blockchain Association and Crypto Council for Innovation — rang the alarm over the upcoming vote in the New York Assembly. The state Senate’s official webpage did not indicate a specific date for the vote.

The bill, S6486D/A7389C, seeks to establish a two-year moratorium on cryptocurrency mining that utilizes a proof-of-work (PoW) consensus mechanism. It would amend the existing environmental conservation law to comply with the 2019 Climate Leadership and Community Protection Act, which implies a 40% greenhouse gas emission reduction by 2030. As the co-sponsors of the bill believe, PoW mining stands in the way of reaching this goal. Hence, they propose a moratorium on mining permits issuance and renewal.

The bill offers some important reservations, though. As one clause goes, “the department shall not approve an application to renew an existing permit […] if the renewal application seeks to increase or will allow or result in an increase in the amount of electric energy consumed or utilized by a cryptocurrency mining operation.” This could mean that mining businesses’ applications seeking to preserve the existing capacities already licensed by the state would not be subject to new restrictions.

Another important caveat is that both moratorium paragraphs are aimed at the “electric generating facilities” that “utilize a carbon-based fuel,” meaning that the proposed legislation would not extend to the operations that use renewable energy in mining. It would, however, cover facilities like Greenidge Generation’s converted natural gas power plant near Seneca Lake, which has been at the center of court battles in recent years.

Crypto industry advocacy groups have called on the “pro-tech, pro-innovation, pro-crypto” residents of the New York state to get active and encourage their assembly members to vote against the moratorium. After the Assembly vote, the bill must pass the state Senate before it gets to the desk of the governor, who has the power to veto it.



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600-Day MA Starts To Break Down

600-Day MA Starts To Break Down

Charts show the Bitcoin price seems to be falling below the 600-day moving average, a sign that could be bearish for the crypto.

Bitcoin Begins To Lose 600-Day MA Support Line As Price Crashes Below $39k Again

As pointed out by an analyst in a CryptoQuant post, the price of the crypto is crossing below the 600-day MA curve now, a line that has served as support for BTC in the past.

A “moving average” (or MA in short) is an analytical tool that takes the average of any quantity over a particular time period. As the name already suggests, this average constantly updates itself as time passes and new values arrive.

What this tool does is that it removes any short-term fluctuations from the chart being studied (which is the Bitcoin price in this context), and smooths out the curve.

This makes moving averages quite useful for studying long-term trends, where local variations aren’t that important.

Related Reading | Is Bitcoin Gonna See Another Big Drop Soon? Historical Trend May Say Yes

MAs can be taken over any possible range, whether that be two days, two hundred days, or even only two minutes.

Now, here is a chart that shows the trend in the 600-day MA version of the Bitcoin price:

Looks like the price curve is dipping below the 600-day MA line now | Source: CryptoQuant

As you can see in the above graph, the Bitcoin 600-day MA curve has acted as support for the coin’s price many times in the year so far already.

However, the latest trend seems to suggest that this support line is now breaking down as the price line is crossing below the MA on the daily timeframe.

Related Reading | Time Vs Price: Why This Bitcoin Correction Was The Most Painful Yet

Though, the breakdown may not be yet fully confirmed. The quant in the post believes that if the breakdown fails here, Bitcoin may then use the level as a springboard to push higher.

In the case that the breakdown does stand, then a bearish outcome may perhaps be in store for the cryptocurrency.

BTC Price

At the time of writing, Bitcoin’s price floats around $38.8k, down 1% in the last seven days. Over the past month, the crypto has lost 12% in value.

The below chart shows the trend in the price of the coin over the last five days.

Bitcoin Price Chart

Looks like the price of the coin has plunged down over the last few days | Source: BTCUSD on TradingView

Bitcoin briefly seemed to have been on the path of recovery just a few days back as the coin broke above the $42k mark.

However, the cryptocurrency now seems to have plummeted down again as it once more revisits the sub-39k levels.

Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com



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Meta will open physical metaverse-themed store in San Francisco Bay Area

Meta will open physical metaverse-themed store in San Francisco Bay Area

Social media giant Facebook’s parent company, Meta, will be opening a retail store in the San Francisco Peninsula offering hardware for the virtual reality space.

In a Monday announcement, Meta said it would be opening a retail store in Burlingame, California on May 9 aimed at providing interactive demos for the company’s hardware products, including virtual reality headsets, video communications displays and smart glasses. The store, which will be located on the Meta campus — its headquarters is in Menlo Park — will feature a wall-to-wall curved LED screen that displays what users see using Meta headsets.

“The Meta Store is going to help people make that connection to how our products can be the gateway to the Metaverse in the future,” said Martin Gilliard, the store head. “We’re not selling the Metaverse in our store, but hopefully people will come in and walk out knowing a little bit more about how our products will help connect them to it.”

Meta retail store. Source: Meta

Facebook rebranded to Meta in October 2021, saying at the time that its focus was expanding beyond social media and later announcing its Metaverse vision for connecting online social experiences and the physical world. Though tech giants including Apple have brick and mortar stores across the world, Facebook’s roughly 2.9 billion users have not had the opportunity to enter a company retail store since the company was founded in 2004. 

Related: Basic and weird: What the Metaverse is like right now

In the Metaverse, however, many firms are scooping up virtual properties, with electronics giant Samsung launching a metaverse store in the blockchain-powered world Decentraland in January. Reports have also suggested that major retailers like Walmart may also be preparing to go Meta.



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NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales – Markets and Prices Bitcoin News

NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales – Markets and Prices Bitcoin News

Non-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in sales were recorded across 15 different blockchains during the last seven days. NFT sales stemming from Ethereum jumped 29.16% in seven days, gathering $863.2 million in sales or 91.32% of the $945.2 million in sales. One particular NFT collection called Moonbirds has bolstered most of this week’s NFT sales volume.

NFT Sales Spike This Week, Volume Fueled by Moonbirds Sales

Following last week’s slight uptick in NFT sales, which increased 3.35% and gathered $658.4 million in sales in seven days, this week’s NFT sales action improved a great deal. On Monday, April 25, cryptoslam.io’s seven day metrics indicate that there’s been $945.2 million in sales recorded. The overall sales derive from 15 different blockchains and while Ethereum sales were the most dominant, Binance Smart Chain (BSC) NFT sales jumped 39.95% and Fantom’s sales volumes jumped 31.05% this week.

NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales
The top ten NFT collections by seven day sales on April 25, 2022.

The project that has helped NFT sales this week is Moonbirds, even though seven day Moonbirds statistics indicate the collection’s sales are down 40.58% from the week prior. This past week’s sales saw approximately $165,080,212 in Moonbirds sales among 1,309 buyers and 1,821 transactions. One particular Moonbirds sale, Moonbirds #2642, sold for 350 ether or more than $1 million at the time of settlement, which took place 24 hours ago on Opensea. Moreover, two more Moonbirds that were sold this past week came awfully close to the $1 million range.

NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales
Today, Bored Ape Yacht Club (BAYC) NFTs have a floor value of 139 ether or $402K. Moonbirds floor value is currently around 33.5 ether, which is down 14% lower than last week. NFT market prices and crypto and fiat values in this report are based on the current ethereum (ETH) exchange rate and settlement prices recorded on April 25, 2022.

Moonbirds #3904 sold for 305 ether or $902K, and Moonbirds #5602 sold for 299 ether or $885K. In fact, 11 out of the 25 most expensive NFTs sold this week were Moonbirds NFT sales. Meanwhile, Mutant Ape Yacht Club (MAYC) has had a very good week, as the collection’s sales increased by 267.20% in seven days. MAYC saw 787 buyers across 1,083 transactions and approximately $104,446,603 in sales volume. Furthermore, Bored Ape Yacht Club (BAYC) also had a decent seven day run of sales, with a 231.31% increase since last week.

BAYC captured $74,259,390 in sales between 163 buyers and 233 transactions. Other notable NFT collections that saw seven day increases in sales include Murakamiflowers Seed, RTFKT MNLTH, Bored Ape Kennel Club (BAKC), Beanz, Clonex, Veefriends Series 2, and Cryptopunks. BAKC saw a whopping 764.95% weekly sales increase by capturing just over $32 million in sales. This week, BAYC currently holds the most expensive floor price at 139 ether, which is followed by Proof Collective NFTs which have a floor value of 118.5 ether.

Tags in this story
$945.2 million in sales, 7-day NFT sales, Beanz, Bored Ape Yacht Club, Bored Ape Yacht Club (BAYC), BSC, Clonex, cryptopunks, cryptoslam.io, Ethereum, floor price, MAYC, MOAR, Moonbirds, Mutant Ape Yacht Club, nft, NFT collection, NFT collections, NFT compilation, NFT sales, NFT sales volume, NFT weekly sales, NFTs, Non-fungible Token, Proof Collective NFTs, sales, Sales Volume

What do you think about the week’s NFT sales action? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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