Bitcoin (BTC) showed strength on March 22, posting a 5% gain and testing the $43,000 resistance. The move liquidated over $150 million worth of leverage short positions, those betting on a declining price using futures contracts. Some Twitter analysts attribute the price improvement to the Do Kwon, the co-founder of blockchain protocol Terra. During a recent Twitter Spaces conversation with analyst Udi Wertheimer, Kwon revealed his plans to back the TerraUSD stablecoin with Bitcoin. Terra‘s co-founder said, “the current clip that we have to buy Bitcoin is about $3 billion and will add to that ..read more

The people of Ukraine require the world’s help more than ever before. As the conflict between Russia and Ukraine continues to rage on, the world must rally behind the Ukrainian government to bring back peace and stability to the Eastern European nation. The crypto community has done just that with nonfungible token (NFT) companies, decentralized autonomous organizations (DAOs) and crypto users all over the world leading the effort to help aid Ukraine with donations of Bitcoin (BTC), Ether (ETH), Polkadot’s DOT and even NFTs. It is impressive how fast the crypto community got behind t ..read more

Ether (ETH) investors are having a rough time in 2022, with ETH accumulating 25% losses year-to-date as of March 17. Still, the cryptocurrency has bounced multiple times near $2,500 over the past couple of months, signaling a solid support level. Ether/USD price at FTX. Source: TradingView On March 15, Ethereum developer Tim Beiko announced that the Kiln testnet — formerly Ethereum 2.0 — successfully passed the Ethereum “Merge.” The process involves taking Ethereum’s Execution Layer from the existing proof-of-work layer and merging it with the Consensus Layer from the Beacon Chain. The end goa ..read more

According to U.S. trademark attorney Josh Gerben, on March 14, singer and businesswoman Rihanna filed a new batch of trademark applications to offer her company’s cosmetics and products in a “virtual” format in the metaverse. In this way, Rihana would be following many celebrities’ footsteps and recognized brands in the fashion world, such as L’Oréal and Victoria’s Secret. Rihanna wants to expand her fashion empire into the metaverse At the age of 34, Rihanna has not only eclipsed the music world with her songs but has also managed to create a fashion company that has achieved a market value o ..read more

The gaming industry has come a long way from the days of arcades. From Super Mario to Grand Theft Auto, the gaming industry has seen quite a lot of transformation in terms of enhancing the gaming experience. It has made great strides in the last several decades. In fact, the worldwide gaming industry, which was valued at USD 173.70 billion in 2020, is expected to reach USD 314.40 billion by 2026, with a 9.64% CAGR between 2021 and 2026. Most of the credit goes to the advancement in technology. The emergence of virtual reality (VR), artificial intelligence (AI), and augmented reality (AR) alon ..read more

Bitcoin (BTC) has been relatively calm during the weekend, indicating that traders are playing it safe and not waging large bets before the upcoming Federal Open Market Committee meeting on March 15 and March 16. The quantum of the rate hike could act as the next trigger for the crypto markets. The current neutral setup of Bitcoin has kept the analysts guessing. Analytics resource Material Indicators warned that Bitcoin could plunge but they advised investors to be ready to buy the dip as they believe that the “bounce can change your life.” Crypto market data daily view. Source: Coin360 A Pric ..read more

In January 2020, Bitcoin Magazine published a description of “Why Proof of Reserves is Important to Bitcoin.” The timing was no accident – the recent anniversary of the QuadrigaCX’s implosion kept fresh in many of our minds the risks we were striving to allay, especially here in Canada. Two years might not sound like a long time to the average person, but it’s a significant stretch of history in the world of cryptocurrencies – it’s more than one-seventh of Bitcoin’s entire existence. By looking at industry progress in terms Proof of Reserves, we can see just how much can happen in that span o ..read more

Decentralized autonomous organizations (DAOs) are individuals that collectively organize in social applications and blockchains to pursue common goals and interests. As the direction of the Metaverse keeps maturing, DAOs are rallying around the prospect of utilizing and investing in the Metaverse. Seeing that Goldman Sachs placed an $8 trillion valuation on the sector, eyes and ears have peeled into the possibility of accessibility, usability and monetization of these virtual worlds. Owners of digital land in the Metaverse tout some of the most recognizable names like Adidas, Nike, Snoop Dogg ..read more

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