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Showing posts from November, 2022

DVerse Collaboration with Chainlink Labs

DVerse Collaboration with Chainlink Labs, to empower clients to build with Chainlink’s world-class oracle services, helping them create a standout dApp onboarding experience. For example, DigitBrands, a Web3 project in their ecosystem, recently announced that it had integrated Chainlink Price Feeds and VRF to help denominate NFT prices in USD and power provably fair raffles, respectively.  As DVerse announced its Collaboration with Chainlink Labs. DVerse Consultancy, Strategy, PR, and Marketing Services DVerse is a trusted group of advisors, consultants, and marketers helping many of the best businesses and institutions within and beyond the Web3 world to succeed in the emerging Web3 industry. ‍Services they provide include: Advisory and Strategy:  Craft bespoke, innovative strategies designed to craft solutions and foster confidence in achieving successful outcomes. PR and Marketing:  Create relevant content that is then promoted on earned and owned media channels and publications wi

Ethereum Price Prediction Today, December 1, 2022: ETH/USD Gains Momentum to Thrust Upward

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Join Our Telegram channel to stay up to date on breaking news coverage Better than expected, Ethereum has risen significantly upwards. It was earlier predicted that the ETH/USD price may range under the price level of $1,210. However, this crypto beat that expectation, and is now trading above that price level. ETH Forecast Statistics Data: Ethereum’s current price: is $1,279 Ethereum market cap: $157.52 billion ETH circulating supply: 122.37 million Ethereum total supply: 122.37 million ETH Coinmarketcap ranking: #2 Main Price Levels: Top: $1,279, $1,300, $1,320 Bottom: $1,250, $1,220, $1,200 Ethereum Price Prediction Today, December 1, 2022: ETH/USD Is Rising Upwards Price activities in the ETH/USD market appears to be rallying towards the $1,300 level. The used Bollinger band indicator has now adjusted from a downward direction to a sideways direction. Consequently, this portrays that the market is shifting to a more favorable one for traders. Also, the Relative S

Here’s Why The Bitcoin Price Has Pumped 3% in a Week

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Join Our Telegram channel to stay up to date on breaking news coverage As November draws to a close, the cryptocurrency market remains paralyzed. The weekly price will probably reflect price movement going forward, and market volatility may increase. For any last-minute changes, traders should keep a watch on the critical levels mentioned. Below prior support, the Bitcoin Price is consolidating The early $16,000 level is a point of contention between the bulls as well as the bears on shorter time frames, and the Bitcoin price is now auctioning around $16,419. The price of bitcoin fell by 3% on the final weekend of November, printing a higher low of $15,995. Despite the bulls’ ability to recover, BTC has subsequently halted beneath the previous support area that developed at $16,700 during the initial 2 weeks of November. It is essential to zoom out through minor time frames as well as look at the bigger picture as November draws to a conclusion. Compared to where it started o

Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately

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Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs to cut interest rates “immediately,” emphasizing that the Fed is “massively amplifying the probability of a severe recession.” Elon Musk Warns About Severe Recession Tesla CEO and Twitter chief Elon Musk warned about a severe recession in the U.S. on Wednesday. Replying to Vincent Yu who tweeted that he is “expecting a real economic recession in 2023,” Musk said the trend is concerning, emphasizing that the Federal Reserve “needs to cut interest rates immediately.” The billionaire stressed that the Fed is “massively amplifying the probability of a severe recession.” Sven Henrich, founder and the lead market strategist for Northmantrader, joined the discussion. He replied to Musk and Yu: “Ironically the Fed continues to project positive GDP growth for next year despite all the obvious signs. But they did the same thing in 2008. As always they wil

Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December

Equities, precious metals, and cryptocurrencies shined on Wednesday following Federal Reserve chairman Jerome Powell’s speech at the Brookings Institution in Washington. The crypto economy increased 3.11% to $860 billion, while the top four stock indexes jumped between 2% to 5% higher on Nov. 30. Stocks, Crypto, and Precious Metal Markets Jump Higher Against the Greenback Following Powell’s Speech at Brookings Institution On the last day of November, the U.S. central bank’s chief Jerome Powell offered a “progress report on the Federal Open Market Committee’s (FOMC) efforts.” The Fed chair’s speech at the Brookings Institution in Washington hinted at the possibility of smaller rate hikes starting in December. “It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down,” Powell said. “The time for moderating the pace of rate increases may come as soon as the December meeting.” After Powell’s speech,

ADA Price Prediction – Is Cardano Heading Back to $0.40 Today?

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Join Our Telegram channel to stay up to date on breaking news coverage Cardano’s ADA token has followed the positive movement of the broader crypto market, which is up 2.04%. At press time, the digital asset trades at $0.3142, an uptrend of 1.69% in the past 24 hours. Will ADA make its way back to $0.40 today? ADA Price Action ADA’s increased price has led to some improved technicals. The crypto asset trades above all its major moving average (MA) indicators, ranging from the 10-day MA of $0.3140 to the 200-day MA of $0.2980. ADA is giving off a buy signal with a positive moving average convergence divergence (MACD). The asset’s relative strength index (RSI) of 53.03 also shows that the asset isn’t overbought yet. ADA To Twitter Links Spark Rumors ADA appears to have gotten a recent jolt thanks to a possible link between the Cardano Foundation and Twitter. In a Web Summit event earlier this month, Charles Hoskinson, the head of the Cardano Foundation, predicted that crypt

Cardano Price Prediction for Today, November 30: ADA/USD Range-bounds after touching $0.319 Resistance

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The Cardano price prediction shows that ADA failed to cross above the 21-day moving average as the coin ranges. Cardano Prediction Statistics Data: Cardano price now – $0.311 Cardano market cap – $10.6 billion Cardano circulating supply – 34.4 billion Cardano total supply – 35.1 billion Cardano Coinmarketcap ranking – #9 ADA/USD Market Key Levels: Resistance levels: $0.400, $0.450, $0.500 Support levels: $0.250, $0.200, $0.150 ADA/USD remains below the 9-day and 21-day moving averages after touching the daily high of $0.319, which is now subject to the price actions above the 9-day moving average. However, as the bears move to step back into the market, the Cardano bulls are trying to push the coin to the north. Cardano Price Prediction: Is ADA/USD Ready for the Upside? According to the daily chart, the Cardano price is likely to face the north as the coin moves to cross above the 9-day and 21-day moving averages. However, a bullish cross above this barrier is needed to

Binance Burns Nearly $2M Worth of LUNC Tokens

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In a Monday update , leading exchange Binance revealed that it had burned $1.8M worth of  Terra Classic token trading fees.  The move came as a response to a community proposal from September and aimed at shedding some of the token supply.  Binance Completes the First Burn CEO Changpeng Zhao informed users that the company had completed the first LUNC burn via a post on Twitter. The exchange had sent about 5.5 million LUNC tokens worth 1,863,213.47 Tether (USDT) to the burn address. Binance earlier decided to complete the burns every Monday, as this was the first the next is set for Monday, Oct 10.  Binance originally shared plans to implement a burn mechanism about a week ago. The platform stated that it intended to burn all trading fees on LUNC spot and margin trading pairs. Essentially, Binance would calculate the total fees for either service and send the funds to the LUNC burn address. Binance will implement a burn mechanism to burn all trading fees on LUNC spot and margi

Nexo Makes the Case for Why it Won’t Go Down Like BlockFi

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The crypto borrowing and lending platform Nexo recently provided transparency into exactly how its business makes money. Its lengthy breakdown follows the collapse of numerous high-profile crypto lending firms that were overexposed to defunct projects and businesses.  Nexo’s Business Model As Nexo explained in a Twitter thread on Monday, Nexo’s primary business strategy is to facilitate collateralized credit. Its core services include crypto collateralized loans, interest-bearing crypto accounts , and spot, futures, and options trading.  Through its Earn product (crypto interest accounts) the company accrues funds for extending loans to other clients. By charging higher interest on client loans than the yield it provides its creditors, Nexo generates a net profit.  KYC & Audit Solutions! SolidProof By requiring 2:1 collateralization for the loans it issues, Nexo ensures that it always has enough to pay off creditors – even in the event of its borrowers default

Uniswap launches NFT marketplace aggregator

Developers say the tool can help users save upwards of 15% on gas fees when shopping for NFTs. According to a new post on November 30, decentralized exchange (DEX) Uniswap announced that users can now trade nonfungible tokens, or NFTs, on its native protocol. As told by Uniswap, the function will initially feature NFT collections for sale on platforms including OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX. "To bring users the first-rate experience they've come to expect with Uniswap, we built the aggregator to deliver better prices, faster indexing, more unassailable smart contracts, and efficient execution." Uniswap developers claim that users can save up to 15% on gas costs compared to other NFT aggregator s when using Uniswap NFT. unifies ERC20 and NFT swapping into a single swap router. Integrated with Permit2, users can swap multiple tokens and NFTs in one swap while saving on gas fees. The NFT aggregator is powered by the Univ

Mock Manchester Tokens Spike 3000% After Elon Musk Jokes About Buying Team

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Some fake football tokens suddenly spiked on Wednesday after billionaire CEO Elon Musk announced in a tweet that he intends to buy Manchester United FC. However, when questioned on the authenticity of his announcement, the entrepreneur tagged it as a long-running joke. Musk Resucitates Defunct Coin With a Tweet On August 17, Tesla CEO Elon Musk made a tweet where he announced that he intended to purchase the soccer team Manchester United. Hours later, the MUFC token, a previously dead faux coin unrelated to the football club, experienced a 3000% spike. The billionaire entrepreneur subsequently retracted his announcement claiming it was a “running joke”. He added he was not “buying any sports team.” Also, I’m buying Manchester United ur welcome — Elon Musk (@elonmusk) August 17, 2022 Nonetheless, Musk’s announcement drove traffic to the erstwhile struggling coin and many other Manchester United-related assets. MUFC spiked in volume by $39,000, a 3000% increase per coinpapr

Illicit cross-chain transfers expected to grow to $10B: Here's how to prevent them

Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions. Improved Blockchain analytics will become increasingly important to combat the use of cross-chain bridges for illicit means, which are estimated to surpass $10 billion in value by 2025. Blockchain analytics firm Elliptic forecasts a 60% rise in the value of illicit cryptocurrency laundered through cross-chain bridges from $4.1 billion in June 2022 to $6.5 billion next year. This figure is projected to double midway through the decade. Cross-chain crime has been a major talking point in 2022 with over $2 billion fleeced in hacks targeting cross-chain bridges. Aside from these bridges and their contracts being targeted, these bridges have also become an avenue for criminals to launder cryptocurrency. A prime example is an unknown hacker moving stolen funds from the now bankrupt FTX using cross-chain bridges. Cointelegraph un

National Bank of Ukraine is Looking at CBDCs for Retail Payments, Cross-Border Transactions, and Crypto Trading

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Source: AdobeStock / Valentin Kundeus Ukraine is continuing the work on its digital hryvnia, or e-hryvnia, despite the ongoing aggression by Russia. The National Bank of Ukraine (NBU) introduced a draft concept for its central bank digital currency (CBDC) on Monday this week. The statement said that the key purpose of e-hryvnia is to perform all the functions of money by supplementing the cash and non-cash forms of the hryvnia. During the discussion with the representatives of banks, non-banking financial institutions, and the virtual asset market, the National Bank presented the possible design of the e-hryvnia, its architecture, characteristics, and advantages for payment service providers, it said.  Among those, the bank has presented the possible options for the usage of its CBDC, which are currently under consideration and development. These are:  e-hryvnia for retail non-cash payments with the possible functionality of "programmed" money: for the im

Bitcoin Price Prediction as BTC Spikes Up 4.7% in a Week – Time to Buy?

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On November 30, the Bitcoin price prediction was bullish as BTC crossed the triple-top resistance level of $16,680. Bitcoin (BTC), the world's largest and most popular digital token, has extended its previous winning streak and reached an intra-day high above the $17,000 mark. After beginning the week at a low of $16,054, Bitcoin BTC has risen nearly $17,000 in the last 24 hours. If the price rises further, more bulls may enter the market, pushing BTC above $17,500 in the near future. Meanwhile, Ethereum, the second-largest cryptocurrency, has risen and is now trading above the $1,270 mark. However, the reason for its upward rally could be attributed to the positive cryptocurrency market sentiment, which tends to underpin many cryptocurrencies, including Bitcoin. The global cryptocurrency market cap was $852.17 billion, up 2% in the last 24 hours. Upbeat Crypto Market The global cryptocurrency market has performed admirably and has received assistance from an un