Browsing:Crypto

Samsung Latin America enters cryptocurrency metaverse
2 years ago 1 min read

Samsung Establishes the “House of SAM” in the Ethereum-Based Decentralized Metaverse

According to reports, Samsung Latin America opened the “House of Sam” virtual experience shop on October 1 in the Ethereum-powered metaverse Decentraland ($MANA). Decentraland is a community and virtual world based on blockchain technology. Users can develop and own plots of land works of art, and non-fungible tokens (NFTs). In an article for the news website Livecoins on October 1, Gustavo Bertolucci reported that “Samsung Latin America is opening its own space in a metaverse environment with cryptocurrencies, which will be called “House of SAM,” using Decentraland (MANA).” Since Samsung also introduced the island Smart City in the video game

Ethereum lost almost 20% of its market cap since the Merge upgrade
2 years ago 1 min read

Ethereum Merge fails to meet expectations, price drops by 20%

The historic Merge update raised expectations for Ethereum’s (ETH) future prospects, including the potential for luring new users to the network. The initial phases of the Merge, however, fell short of projections due to the current market crisis, with the asset registering capital outflow. For example, as of October 3, Ethereum’s market value was $195.89 billion, down 19.22% from the $158.23 billion it had on September 15, when the Merge had been formally completed. According to CoinMarketCap, the asset has lost around $37.66 billion over the time period. At the same time, Ethereum’s price, which has consistently fallen despite battling

The 5,000 BTC ($96 million) milestone capacity for the Bitcoin Lightning Network has already been reached. In practice, as long as Bitcoiners continue to support the network's development, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide.
2 years ago 2 mins read

Bitcoin Lightning Network capacity strikes 5,000 BTC

The Lightning Network, the layer-2 payments system for Bitcoin (BTC), is still thriving in spite of macroeconomic headwinds and sluggish price action. The 5,000 BTC ($96 million) milestone capacity for the Bitcoin Lightning Network has already been reached. In practice, as long as Bitcoiners continue to support the network’s development, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide. The amount of available liquidity grows as network capacity increases. Users may thus enjoy quick payment processing times and possibly higher transaction volumes. The Lighting Network, which was initially introduced in 2018, has recently faced criticism. Influential

Moonbirds, a well-known Ethereum NFT project, will implement community governance through a DAO, or decentralized autonomous organization, which is expected to debut in early 2023, according to the project's inventor Proof.
2 years ago 1 min read

Moonbirds DAO will launch With $2.6M in Ethereum and NFTs from Kevin Rose’s Proof

Moonbirds, a well-known Ethereum NFT project, will implement community governance through a DAO, or decentralized autonomous organization, which is expected to debut in early 2023, according to the project’s inventor Proof. The previously confirmed DAO structure, which is being established to “empower creatives that are building towards furthering the Moonbirds ecosystem, reputation, and lore,” received more information from Proof, which was co-founded by CEO and tech entrepreneur Kevin Rose, according to an official doc explainer. Owners of current and future Moonbirds Mythics NFTs will be able to join and take part in the Moonbirds DAO in this instance, submitting and

Binance
2 years ago 2 mins read

Binance signs MoU with Kazakhstan to fight financial crime

As part of its global law enforcement training program, the cryptocurrency exchange Binance has entered an agreement with the Financial Monitoring Agency of the Republic of Kazakhstan. The conference, which is attended by executives of international regulatory and law enforcement agencies, aims to improve industry collaboration with local, state, and federal law enforcement in the fight against financial crime and cybercrime. The program also aims to locate and ban digital assets that have been illegally acquired and were being utilized to finance terrorism and money laundering. As one of the top countries for mining Bitcoin (BTC), Kazakhstan has started developing

Cryptocurrencies trading
2 years ago 1 min read

Why Trade Cryptocurrency?

Cryptocurrencies are becoming a significant part of an investor’s portfolio, and there are several reasons why trade cryptocurrency:  1. Market hours for cryptocurrencies Due to the lack of centralized market administration, the cryptocurrency market is typically open for trading every day of the week, all year round.  2. Better liquidity A cryptocurrency’s liquidity is determined by how quickly and easily it can be exchanged for cash without affecting its market value. Because it results in better pricing, quicker transaction times, and more technical analysis accuracy, liquidity is significant. 3. Exposure with leverage As a leveraged product, crypto derivatives and leverage

Crypto Trading
2 years ago 2 mins read

How to make money trading crypto?

Whenever an investor or a trader buys cryptocurrencies, they not only earn from the price appreciation but also get access to the platform’s utilities. For instance, Ether is traded on crypto exchanges and used to pay transaction and gas fees on the Ethereum blockchain.  Cryptocurrency markets offer numerous ways for traders to make money trading crypto in both bull and bear markets. Traders sell high and buy low to make profits. Or go long in bull markets and go short in bear phases to earn from the price fluctuations. Traders can also enter leveraged positions and earn profits by investing

Forex vs Crypto
2 years ago 3 mins read

Crypto Trading vs Forex Trading

There are significant differences between forex trading online and forex trading: 1. Forex trading has been around considerably longer than the cryptocurrency market – ever since humanity first started using distinct national currencies. 2. Compared to FX trading, cryptocurrency trading ensures higher returns but carries a higher risk level. 3. Because the cryptocurrency market is more recent than the forex industry, it is also less regulated. 4. Cryptocurrency trading is more accessible than trading Forex for the lesser number of formalities involved, faster transactions, lower fees, and greater liquidity as the cryptocurrency market is a borderless decentralized market. Crypto Trading

So how profitable is crypto trading actually? Let’s find out. But first, let’s look at how crypto markets work.
2 years ago 5 mins read

Is Crypto Trading Profitable?

An increasing number of people are now entering the crypto markets, thanks to cryptocurrencies exploding in popularity in recent years. The majority of these investors have a common goal: to invest in cryptocurrencies to make large profits. Undoubtedly, while some people consider the volatility of the cryptocurrency markets to be a bit too risky, others see a golden opportunity to make enormous profits. So how profitable is crypto trading actually? Let’s find out. But first, let’s look at how crypto markets work. Pros of the Crypto Market: There are thousands of cryptocurrencies that traders can choose from today. There are

While day trading has emerged as a profitable avenue for traders, certain risks exist that traders should be wary of.
2 years ago 5 mins read

Risks in Crypto Day Trading 

While day trading has emerged as a profitable avenue for traders, certain risks exist that traders should be wary of. Some of them include:   Significant Capital Required: Since day traders rely on price movements to generate profits, they require significant capital to get started. For example, a $10 increase in the price of a token may not be a significant profit if the user only holds 1 token. Scale that to 1,000 tokens and it is a substantial profit.  Chances Of Huge Losses: Traders use significant capital to take advantage of minor price movements and scale their profits. However, negative

Kim Kardashian Hit With $1.26M Fine By SEC For Failing To Disclose Crypto Endorsement
2 years ago 2 mins read

SEC fines Kim Kardashian $1.26 million for failing to disclose her endorsement of cryptos

The Securities and Exchange Commission (SEC) has fined Kim Kardashian for failing to disclose a payment she received in exchange for endorsing a cryptocurrency asset on Instagram. According to the SEC’s announcement, the American media personality received a reported $250,000 payment to promote EthereumMax’s EMAX tokens on her website; however, she failed to disclose this payment. She broke federal securities laws, according to the SEC, by failing to disclose the commission she received for the endorsement. According to the federal regulator, Kardashian settled the claims by pledging to pay $1.26 million, which included the $250,000 she received for the promotion,

Hacker has returned 70% of stolen $23 million in funds from Transit Swap
2 years ago 1 min read

Hacker returns 70% of the $23 million in funds that were stolen from Transit Swap

According to Transit Swap, the hacker has returned 70% of the money that was taken. This comes after crypto auditor SlowMist said that the cross-chain decentralized exchange or DEX aggregator Transit Swap was abused, costing $23 million in lost funds. Transit Swap claims it is gathering information to create a refund strategy and has not yet returned users’ money. On October 2, SlowMist reported a theft of $1.07 million BUSD on Twitter. In a later blog post, it revised the total amount of stolen money to US$23 million. Transit Swap claimed it had the exploiter’s IP address and email address

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