crypto blog
Easing Inflation Could Be Key Catalyst for Decentraland (MANA), Sandbox (SAND) And Metacade (MCADE)
If 2022 taught us one thing, it’s that cryptos, interest rates and inflation are inextricably linked. It’s noticeable that every time the Fed announced a rate hike in response to rising inflation, the value of Bitcoin (BTC), and subsequently, the rest of the market, fell. Thankfully, as we now move into a period of easing inflation, the outlook looks brighter for cryptos. It’s welcome news, especially considering the predicted explosion in demand for GameFi and metaverse games. Easing inflation could be a key catalyst for Decentraland (MANA), Sandbox (SAND) and Metacade (MCADE). Investors are often reluctant to move in times of high-interest rates and challenging economic conditions. They are far more likely to invest when there’s a stable economy with easing inflation and steadier ra...
Crypto Forecasts for 2023: Solana (SOL) and Metacade (MCADE)
The crypto forecast 2023 suggests the bear market could be nearing its end, as prices are expected to start rising before the year is up. Both Bitcoin (BTC) and Solana (SOL) are set to start gaining some momentum, while Metacade (MCADE) could produce explosive price action as a new cryptocurrency with huge potential. Crypto forecast 2023: Will MCADE reach $1? The MCADE token recently launched in its presale event and attracted over $2.1 million worth of funding in weeks. Its parent platform, Metacade, aims to become an exciting community-driven hub for GameFi, and looks to have the potential to become one of the biggest names in the blockchain gaming space. When all presale stages are complete, MCADE could quickly skyrocket in value as investors realize the possibilities behind Metacade wi...
15 ways crypto companies can be more transparent with customers
In the midst of a bear market, the last story the crypto industry wanted to see hit the headlines was the debacle at FTX. It’s a story centered on the biggest negative perception many in the public still have of the crypto industry: that transactions regularly happen out of public view for the benefit of a handful of bad actors and at the expense of customers. Whether it’s fair or not, this negative reputation of crypto is something honest crypto leaders and companies will have to overcome, and the best way to do that is by ensuring current customers know what’s going on with the assets they’ve invested and that potential investors clearly understand the potential the industry offers. Below, 15 members of Cointelegraph Innovation Circle discuss ways crypto companies can provide improved tr...
Bitcoin price fails to seal fresh CPI gains as $18K support hangs in balance
Bitcoin (BTC) wobbled at $18,000 at the Jan. 12 Wall Street open despite United States inflation continuing to fall. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin traders stay wary post-CPI Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering predictable volatility around the release of Consumer Price Index (CPI) data for December. The first such release of 2023, the event preceded the start of trading on Wall Street, with Bitcoin briefly gapping higher before returning to threaten a breakdown below the $18,000 mark. In so doing, the largest cryptocurrency copied behavior from one month prior, with resistance at $18,500 remaining untested. CPI came in at 6.5% year-on-year, in line with the majority of predictions. According to CME Group’s Fe...
Mining Bitcoin at home — Is it time to start? Market Talks
On this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining — a home-based crypto mining equipment business. This week, to kick things off, we get to know a little bit about Kramer and his mining business. What are his expertise and experience with crypto mining, and how did he gravitate toward it? We also get his take on the current market conditions and the price of Bitcoin (BTC). Doing anything from your house, whether it’s working from home or mining cryptocurrencies, comes with its own set of challenges, especially when you’re first starting out. We find out what some of those challenges are and how to overcome them. This is especially useful for anyone looking to set up their own mining rig at home. We discuss the five major thin...
Congress may be ‘ungovernable,’ but US could see crypto legislation in 2023
The United States House of Representatives finally elected a speaker last week, concluding a four-day, 15-ballot ordeal that left many wondering if political gridlock was now the new normal in the U.S., and if so, what the consequences would be. For example, were the concessions made by Republican Kevin McCarthy to secure his election as speaker ultimately going to make it difficult to achieve any sort of legislative consensus, making it impossible for the U.S. to raise its debt ceiling and fund the government later this year? Not all were optimistic. The House of Representatives will be largely “ungovernable” in 2023, Representative Ritchie Torres, a Democrat from New York, told Cointelegraph on Jan. 6, shortly before joining colleagues for that day’s series of ballots — which final...
Orange Financial To Launch Innovative Yield Farming Treasury – Stablecoin Rewards for NFT Holders
Geneva, Switzerland, 12th January, 2023, Chainwire Orange Financial, a multi-chain yield farming treasury, is excited to announce its public mint date on February 1st, 2023. As the only NFT project to offer stablecoin rewards through yield farming to its holders, Orange Financial will revolutionize the world of yield farming and NFTs. Through its innovative approach, Orange Financial has created a basket of DeFi assets and farming opportunities to provide yield for its NFT holders. The Treasury takes care of all the compounding and harvesting on behalf of its holders and routes the returns back through USDC, making it a convenient and secure choice for hands-off diversification. One of the key features of Orange Financial is that the Treasury rewards users in stablecoins as opposed to usin...
Gary Gensler finds new audience for his crypto skepticism: the US Army
United States Securities and Exchange Commission (SEC) chair Gary Gensler has found a new audience for his crypto-skeptical pep talks — the United States Army. On Jan. 11, the U.S. Army hosted its first Twitter Spaces event of 2023, with Gensler and SEC commissioner Caroline Crenshaw joining the discussion to provide financial advice on how and where U.S. soldiers should invest their money. https://t.co/oRjE3pDc8C — U.S. Army (@USArmy) January 11, 2023 Sergeant Lawrence Holmes noted “there are soldiers that look for those alternative investments [such as] crypto assets,” asking the pair what risks there were to crypto investing. “It’s the Wild West,” Gensler answered, adding that “most of these 10,000 or 15,000 tokens will fail.” “History tells us there’s not much room for micro currencies...
Nifty News: ‘Degen’ season returns with feet NFTs, disappointing Game of Thrones NFTs and more
‘Degen’ season smells like pixelated feet Feetpix.wtf’s newly launched nonfungible token (NFT) collection, “Feetpix,” has seemingly taken the NFT community by storm with surging trading volumes, prompting some to suggest the return of “degen” season. Feetpix.wtf’s collection soared ahead of Bored Ape Yacht Club (BAYC) on Jan. 11 with the fifth-highest trading volume recorded on NFT marketplace OpenSea. Feetpix NFTs come in different skin tones, nail colors, shoes and backgrounds. Image: OpenSea. The project — which released 10,000 Feetpix NFTs — has traded over 825 Ether (ETH) ($1,157,000) across nearly 18,000 transactions since its release on Jan. 8. Crypto Twitter is still split on what inspired the surge in foot fetish-NFT trading volumes. However, Feetpix noted the absence of a roadmap...
Play-to-earn falling out of favor after ‘massive shift in priority’ — BGA survey
A new survey has found that the blockchain gaming industry is experiencing a “massive shift,” with the once-popular play-to-earn (P2E) model falling out of favor and focus shifting to improving gameplay experience. The survey results were included in a newly released annual report from the Blockchain Game Alliance (BGA) on Jan. 12, conducted with 347 professionals representing 252 projects or companies in the blockchain sector. According to BGA, most respondents were young adult males working for blockchain gaming companies in middle and top management positions. One of the trends from the report was an apparent shift in how blockchain gaming executives viewed P2E as a driver for blockchain gaming adoption. Chart showing factors that could impact blockchain gaming ad...
Bitcoin mining ETF tops equity ETF market in new year’s performance charts
Bitcoin (BTC) and other altcoins started the new year on a bullish note, with most cryptocurrencies surging to multi-month highs. Apart from the spot market, the equity exchange-traded fund (ETF) market is also dominated by BTC, wherein Valkyrie’s Bitcoin Miners ETF (WGMI) is the leading equity ETF market and is up by 40% year to date. The Bitcoin mining ETF is leading the traditional equity ETF market and the leveraged equity ETFs, which is considered a rare occurrence. Bloomberg senior ETF analyst Eric Balchunas pointed out that the Valkyrie Bitcoin mining ETF is highly “concentrated,” with investment in only 20 firms, including Argo Blockchain, Bitfarm and Intel, among other notable names. Cast your vote now! The WGMI ETF was listed on the Nasdaq in February 2022 but...
Ava Labs partners with AWS to offer one-click node deployment
Ava Labs, the developer of the Avalanche network (AVAX), has partnered with Amazon Web Services (AWS) to implement new features intended to make running a node easier, according to a Jan. 11 blog post from Ava Labs. The new features include one-click node deployment through the AWS Marketplace, AWS GovCloud integration for decentralized app (DApp) developers concerned about compliance, and the ability to create Avalanche subnets with just a few clicks. It’s official! @Amazon #ChoseAvalanche to bring scalable blockchain solutions to enterprises and governments #AWS fully supports Avalanche’s infrastructure and dApp ecosystem, including one-click node deployment, offering the best tooling for these high compliance use cases. pic.twitter.com/syInSrU9XD — Avalanche (@avalancheavax) January 11,...
