Can Bitcoin whales protect BTC price from new $48K downside target?

‘Blue chip’ floor prices near two-year lowsThe largest nonfungible token (NFT) collections by market capitalization are in a sea of red as the cheapest NFTs in their collections took dives over the past week with some hitting near two-year lows.Yuga Labs’ flagship Bored Ape Yacht Club (BAYC) collection — the second largest by market cap…

On Oct. 25 Bitcoin (BTC) unexpectedly gained 42%, one of the largest daily gains witnessed since 2011. A number of altcoins benefitted from this startling upside move and Ether (ETH) rallied 24.23% alongside Bitcon. Daily crypto market data daily view. Source: Coin360This week also saw a deluge of positive news from decentralized finance (DeFi) companies which…

France is poised to approve initial coin offerings (ICO) operators and other crypto businesses with its new regulatory approach to the sector. ‘France is a Precursor’As Reuters reported on July 16, the new rules — expected to take effect later this month — will enable crypto-related businesses to voluntarily submit themselves to national standards on capital…

Developers behind stablecoin Tether (USDT) have drawn scrutiny today, March 14, after social media users noticed they had removed previous claims that the altcoin was fully backed by United States dollars.Tether, which has faced various publicity hurdles over the transparency of its holdings, had de facto guaranteed that each of its USDT tokens had an…

South Korean internet giant Naver Corp. has released CLOVA X, a Korean language chatbot similar to ChatGPT that can have conversations and summarize text. 156 Total views 2 Total shares South Korean tech company Naver Corp has unveiled its answer to OpenAI’s ChatGPT — named CLOVA X — its newest generative AI chatbot which is…

The emirate’s special economic zone might grant licensed exchanges the right to trade nonfungible tokens. 73 Total views 13 Total shares Abu Dhabi Global Market (ADGM), the emirate’s free zone, published a consultation paper on March 21 titled “Proposals for enhancements to capital markets and virtual assets in ADGM.” The document contains draft guidelines that,…

Following a successful trial of DLT-based bond issues, SGX forms a dedicated company with investment firm Temasek, to extend and expand use of the tech. 934 Total views 7 Total shares The use of DLT can bring efficiencies to many aspects of the lifecycle of financial products, from listing and issuing, through to settlement of…

The Polkadot project appears to be launching its second token sale after a “building with Polkadot” page is published. 906 Total views 9 Total shares Persistent rumors on Polkadot channels and groups and a series of forms and NDAs to “build with Polkadot” suggest that the project may soon run a new token sale for…