Monero (XMR) price may witness a sharp pullback by June because its 75% rally in the last two weeks has left the gauge almost “overbought.” Monero price RSI meets rising wedge Downside risks have been mounting due to XMR’s relative strength index (RSI), which almost hit 70 this May 23, …
Read More »Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account
Digital artist and popular non-fungible token (NFT) creator Mike Winkelmann, more commonly known as Beeple, had his Twitter account hacked on Sunday, May 22 as part of a phishing scam. Harry Denley, a Security Analyst at MetaMask, alerted users that Beeple’s tweets at the time containing a link to a …
Read More »Which Bitcoin strategy works best regardless of price?
Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy BTC when it is cheaper, around $30,000, or wait for another market selloff. The more …
Read More »The truth behind the misconceptions holding liquid staking back
Blockchains have relied on proof-of-work (PoW) validation since their inception. Yet the PoW consensus proved to be unsustainable with its high energy usage and its need for fast, powerful hardware creating high barriers to entry. That’s why blockchains are adopting proof-of-stake consensus algorithms (PoS), where those wanting to earn rewards …
Read More »How we should build the future of GameFi
You’ve seen it before. An amazingly talented gaming founder teams up with a top-tier studio, promising to create a wondrous game experience built on the industry’s most powerful engines. But then, it happens: It’s paired with a dubious shitcoin that launches well before even a morsel of game content drops. …
Read More »Stake or DApp? With liquid staking, you don’t have to choose
Last summer, Polkadot made its own little bit of history after confirming the first five projects to occupy parachain slots on its canary network Kusama. Disparate blockchains that bolt onto Polkadot’s main Relay Chain for security, yet are otherwise independent, parachains represent a new way of doing business in blockchain, …
Read More »Bitcoin ‘death cross’ data hints 43% drop due in BTC price bear market
Bitcoin (BTC) may fall more than 40% from last week’s bottom, new data warns as one analyst confronts what he says is now a bear market. In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform …
Read More »SEC can’t confirm if video of Bill Hinman is actually Bill Hinman in Ripple case
The U.S. Securities and Exchange Commission (SEC) is unable to confirm or deny if a video predominately featuring Bill Hinman actually features Bill Hinman. Bill Hinman, also known as William Hinman, is the former director of the SEC’s Division of Corporation Finance, and he has become a key factor in …
Read More »Swiss asset manager Julius Baer eyes crypto and DeFi potential
The 132-year-old Swiss asset management firm, Julius Baer, intends to offer exposure to cryptocurrencies and decentralized finance (DeFi) for its high net-worth clients. The firm’s CEO Philipp Rickenbacher confirmed the move into the cryptocurrency space during his delivery of the company’s strategy update for the next three years. Rickenbacher noted …
Read More »Novogratz says LUNA tattoo is a constant reminder investing ‘requires humility’
Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing. Following the fallout of the recent LUNA / UST meltdown, Novogratz penned an open letter …
Read More »