Is Metaverse the future of gaming?
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by Saumil Kohli
1y ago
Introduction The Metaverse is an emerging technology that has the potential to fundamentally transform how we play video games, conduct business, and even live our lives. The term 'Metaverse' was first coined in 2003 by Neal Stephenson in his book Snow Crash. However, since then, it's become a popular buzzword used by tech giants like Google and Microsoft, who are all working on projects involving The Metaverse. In this article, we'll go over what exactly The Metaverse is and why it might be important for everyone who cares about technology. What is a Metaverse? In a nutshell, the metaverse i ..read more
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ApeCoin falls over 10% as Inventor investigated by the SEC
Coinnounce
by Vatsal Verma
1y ago
Beyond their aesthetic value, non-fungible tokens (NFT) have yet to find their actual function on the market. This is because the present trend of keeping and trading NFTs does not equate to another kind of money, nor do they resemble traditional investment vehicles such as equities. The present situation As BAYC inventor Yuga Labs is investigated by the SEC, ApeCoin (1) declines by over 10%. The Securities and Exchange Commission (SEC) is investigating potential violations of federal law involving assets. ApeCoin, the distribution of Bored Ape Yachts Club's native coin, is also being examine ..read more
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Bitcoin mining difficulty has now reached an all-time high
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by Vatsal Verma
1y ago
Bitcoin (1) operates on a decentralized computer network or distributed ledger that records bitcoin transactions. When network computers validate and execute transactions, fresh bitcoins are generated or mined. These networked computers, or miners, conduct the transaction for a Bitcoin payment. What's the current situation? On Monday, the number of hashes required to mine one bitcoin reached an all-time high of 35.61 trillion as miners increased their production or new miners joined the network.  The bitcoin protocol has an automatically updating feature called bitcoin difficulty that es ..read more
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In "Street Exchange Offices," Russians are trading cryptocurrencies for cash
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by Vatsal Verma
1y ago
Cryptocurrencies are being exchanged for cash by Russians. On the streets, Russians are immediately exchanging cryptocurrency for fiat money. The date of this restriction's expiration, March 9, 2023, is current as of this writing. However, there is no assurance for Russian nationals that the central bank will eliminate the limitations after this time. The prior deadline was September 9, 2022, but the Russian authorities extended it to August for six months. What's happening? Since March 9, 2022, there have been limitations on cash withdrawals in the Russian Federation. According to the centra ..read more
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TMC NFT: Explained in detail
Coinnounce
by Vatsal Verma
1y ago
There have been many years of uncertainty and worry about the good use cases that may propel the widespread use of blockchain technology. With the growing acceptance of NFTs, 2021 may mark the beginning of a new era for blockchain technology applications. A new standard for NFTs was established with the $69 million sale of an NFT art collection by digital artist Beeple. As a result, numerous singers, artists, and creators have started making and selling NFTs. An NFT marketplace, on the other hand, is crucial for listing your NFT and making sure that it is simple to trade in. What's an NFT aga ..read more
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Could This Week's 15% Drop In Ethereum Signal A Retreat To The $1,000 Support?
Coinnounce
by Vatsal Verma
1y ago
Current situation According to Coingecko (1), the second-largest cryptocurrency by market value is trading at $1,324 and has a 24-hour trading volume of over $5 billion. Ethereum has had a good week, increasing its price by 3.7% and spending the last seven days in the cryptocurrency market's positive territory. Since Ethereum is now in an inverted pennant formation, a continuation of the altcoin's bearish trend is very likely. Ethereum's potential new support level might be $1,130.  However, analysts say that the widely acknowledged king of all cryptocurrencies is heading for a large mar ..read more
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How do Quik.com NFT domains function, and what exactly are they?
Coinnounce
by Vatsal Verma
1y ago
Quik.com's Mega Update: In the 2022 mega-update, Quik.com (1) unveiled a new set of premium capabilities, such as a new "edit feature" that unlocks a range of segments for captivating NFT domains and important brand-new releases planned for this next week for Quik customers. The release of the premium functionality for Quik users is planned for the following week, coupled with introducing a new API intended to change the course of events using a simple Chrome extension. The primary goals are to enhance NFT domains and provide scalable, user-friendly, and premium systems for managing and host ..read more
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Price action for Polygon falls to $0.75 as MATIC can't match the dollar
Coinnounce
by Vatsal Verma
1y ago
According to price action, US employment figures sabotage Polygon's attempt to break out of the pennant. Price expected to retest the 55-day SMA One should expect more losses to be eked out, still concerning the pennant, to about  $0.75. Bulls are running from the scene in Polygon (1) pricing movement as the US dollar once more soars. Since the dollar appears to be the sole large winner this fiscal year, many assets are depreciating. By the end of this year, the strong dollar may have burnt up another billion dollars worth of cryptocurrency market capitalization. image source: Tradingvie ..read more
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Ethereum Price Prediction: Could ETH break out?
Coinnounce
by Vatsal Verma
1y ago
In preparation for a potentially huge breakout, the price of ethereum is consolidating in a rectangular shape. Holders with 1,000–10,000 Eth are still dubious about a positive rise. ETH Price: Current situation Until the price of Ethereum (1) breaks out of the rectangular channel, the bumpy market is expected to remain. Between a lower range limit of $1,272 and an upper range of $1,380, the price of ethereum oscillates. Most investors were ignorant of its recent rejection, which caused ETH to drop to trade at $1,330 as of this writing. Going into the weekend, support at $1,300 is still essent ..read more
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The founder of Cardano Clarifies his position in the SEC vs Ripple dispute
Coinnounce
by Vatsal Verma
1y ago
Charles Hoskinson, the inventor of Cardano (1), clarifies his position in the SEC vs. Ripple controversy (2) when the XRP community discovers previous statements he made criticizing Ripple and XRP. What are his thoughts on this dispute? He thinks that since most Layer-1 protocols are useful, decentralized, and satisfy the Howey Test, they aren't securities. The SEC or CFTC cannot effectively control the cryptocurrency market since no legal or regulatory structure exists. Charles Hoskinson Charges Lack of Crypto Laws on Legislative Bodies. Charles Hoskinson, the inventor of Cardano, clarified ..read more
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