Monthly Archives: November 2021

MyEtherWallet allows users to mint Ethereum blocks as NFTs

CEO Kosala Hemachandra discusses MyEtherWallet’s first NFT drop and its dedication to “making history.” MyEtherWallet, or MEW, launched its first NFT collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Unique images associated with ETH Blocks are generated based on the block’s data. These NFTs are available exclusively to MEW users via the MyEtherWallet website.  A number of blocks have already been claimed, according to the company. Ethereum’s founders called first dibs on blocks 1-10. There are also thirteen ETH Blocks representing […]

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Wealth flex? Coinbase now allows users to share their crypto allocations

“We want to empower the cryptoeconomy to share knowledge and information and learn from each other,” said Coinbase senior product manager Rishav Mukherji. All of United States-based crypto exchange Coinbase’s roughly 68 million verified users can now more easily make information on their portfolio public. In a Coinbase blog post on Friday, senior product manager Rishav Mukherji said the crypto exchange’s app now includes a feature that shares a user’s allocation percentage — not balances — to their network of friends. He said this would just be […]

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Look out below! Dogecoin risks further downside after a key support is tested

Some analysts point to Binance’s pause on DOGE withdrawals as the catalyst for the altcoin’s pullback, but data suggests overheated derivatives markets may have been a factor. Dogecoin (DOGE) is potentially at risk of losing critical support if the price falls from the ascending channel traded in for the last 53 days. Although technical analysis is not an exact science, a daily close below $0.26 will likely invalidate the current movement. DOGE/USD price at FTX. Source: TradingView Aside from the Bitcoin-driven headwinds, which are weighing on DOGE […]

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ADALend: Announcing Imminent Cross-Platform Development

ADALend, currently in the process of developing a decentralized financing (DeFi) project has just announced its plans to start the development of its cross-platform integrations very soon. The cross-platform integrations will simplify and allow access to decentralized financial services by a larger segment of users around the globe. ADALend’s GM, Javed Khattak, has earlier announced that ADALend will work on its UI and the platform’s user experience and simplicity to provide less barriers of entry for traditional users to get involved with decentralized financing. About ADALend ADALend […]

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Axie Infinity guild CGU helps players enter the fantasy play-to-earn NFT game with ‘scholarships’

‘By playing-to-earn and learn, our scholars are gaining critical new skills that will shortly be in huge demand by employers setting up shop in the metaverse,’ says CGU co-founder Sergei Sergienko. Axie Infinity, a monster-battling NFT game, has been gaining a lot of traction with over $600 million Axies bought and sold in the past month. Each Axie is a non fungible token, or NFT, minted on the Ethereum (ETH) blockchain. Similar in theme to Nintendo’s Pokemon series, Axies come in different rarity types, with varying strengths and […]

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Pew Research Center: At least 16% of Americans have owned crypto

The poll seems to indicate that crypto investors skew younger and more male than the population as a whole. A survey released by the Pew Research Center on Thursday found that roughly 16% of Americans have invested, traded or used some form of cryptocurrency. The number jumps to 31% for people aged 18–29, and even higher to 43% for males in the same age bracket. Black, Hispanic and Asian participants in the study were also each more likely to have invested in crypto than those who identified […]

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Price analysis 11/12: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA

Bearish pressures mount against Bitcoin price and this could lead to sharp short-term pullbacks in the prices of many altcoins. Bitcoin (BTC) price continues to weaken following the shakeout of the leveraged traders in the derivatives markets on Nov. 10. This caused the derivative funding rates to drop to the neutral territory of 0.01% across exchanges. Data analysis firm Arcane Research said in its latest weekly newsletter that the derivatives markets had matured compared to the run to the previous all-time high in April. The firm highlighted […]

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Shark tank star Kevin O’Leary says crypto holdings comprise 10% of this portfolio

O’Leary claims that he was never a cryptocurrency skeptic in the first place but instead, was pressured by his compliance department to “back-off” on crypto. In a live recording with Reddit’s r/CryptoCurrency Talk Thursday, Shark Tank celebrity Kevin O’Leary discussed how cryptocurrencies now make up 10% of his investment portfolio: At the beginning of the year, I was at 3% weighting; the target was to get 7% by year-end. However, because of the appreciation of so many of the assets I have now, we’re almost at 10% […]

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Traders look to ‘buy the dip’ after spot ETF rejection sends Bitcoin price to $62K

The SEC’s rejection of VanEck’s spot Bitcoin ETF application may have influenced Nov. 12’s drop to $62,000, but most traders view the correction as a buying opportunity. Bears swooped in to seize the upper hand on Nov. 12 after news that the United States Securities and Exchange Commission (SEC) had rejected the VanEck spot Bitcoin (BTC) exchange-traded fund (ETF) application made ripples through the crypto sphere and deflated the bullish momentum that had been building throughout the week.  While many investors had high hopes that the passage […]

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SEC Rejects Vaneck Bitcoin Spot Market ETF Over Price Manipulation Concerns

On Friday, November 12, the U.S. Securities and Exchange Commission (SEC) rejected Vaneck’s bitcoin spot market exchange-traded fund (ETF). The U.S. regulator noted that the denial was due to the lack of prevention toward “fraudulent and manipulative acts and practices.” SEC Turns Down Spot Market ETF – US Regulator Believes There Should be More Manipulation Protection for Investors Following the approval of a few bitcoin ETFs that leverage future markets, the SEC has rejected Vaneck’s bitcoin spot market ETF on Friday. So far, the U.S. regulator has […]

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