crypto
Ethereum Developers Secretly Rave In Legendary Paris Gravesite Amid $2 Trillion Crypto Crash
“Leave no trace.” So said the intimate gathering of roughly 100 Ethereum developers who descended upon the Catacombs of Paris for an illegal techno rave. Amid a tumultuous macroeconomic backdrop and $2 trillion crash for the cryptocurrency industry at large, attendees entered the 65-foot deep caverns, which are said to be lined with the skeletal remains of millions of plague victims, effectively making it the world’s largest grave. Crypto developers recently congregated in Paris for the annual Ethereum Community Conference (EthCC), the largest European-based Ethereum summit, where 2,000 gathered for three days. A subset of developers visited the grim, centuries-old attraction, which was not associated with the conference. Scroll to Continue Recommended Articles...
XRP price technical breakdown boosts chances of a 40% drop by July
Ripple (XRP) price stares at potential losses in the coming weeks as it breaks out of a “descending triangle” pattern, with its bias skewed toward the downside. Major XRP breakdown underway To recap, XRP started forming the technical structure after reaching $1.98 in April 2021, its second-highest level to date. In doing so, the token trended lower inside a range defined by a falling resistance trendline and a horizontal support trendline. On May 16, 2022, XRP broke below the triangle’s support trendline, accompanying a decent increase in trading volumes. The move confirmed the descending triangle as a bearish reversal indicator. Meanwhile, as a rule of technical analysis, XRP now risks extending its downside move by as much as the triangle’s maximum height whe...
deadmau5 and Zytara Partner to Launch Groundbreaking Digital Banking Experience
Canadian electronic music icon deadmau5 has formed a groundbreaking partnership with Zytara, an innovative fintech company, to change virtual banking as we know it. The partnership will offer the first-ever branded digital banking experience, according to a press release shared with EDM.com. Zytara’s technology is said to enable fans to “interact with deadmau5’s brand” through the company’s banking app, where they can discover merchandise, concerts, pop-ups and more. Fans will also be able to receive a deadmau5-branded virtual or physical debit card, which can be used at 45 million merchants worldwide. Zytara’s debit cards with deadmau5 branding. Zytara Scroll to Continue Recommended Articles This shape-shifting partnership is the latest i...
Are Phishing Attacks Targeting Crypto on the Rise?
Image sourced from Shutterstock. Experts at Russian cybersecurity company Kaspersky have taken a close look at the phishing pages aimed at potential crypto investors as well as the malicious files that are distributed under the names of the 20 most popular cryptocurrency wallets. Since the beginning of 2022, Kaspersky products detected and prevented almost 200,000 attempts to steal users’ digital currencies and credentials to their wallets via phishing, according to the company. The number of such attempts almost reached 50,000 in April, which is half of the indicators for the first quarter of 2022. Crypto wallets are the primary target for scamming and malicious activity. With the boom in digital currencies observed over the past five years, Kaspersky has seen various new cybercriminal ta...
Over 200K BTC now stored in Bitcoin ETFs and other institutional products
Bitcoin (BTC) investment vehicles are seeing “gargantuan” inflows this month, which is a fresh sign that traders’ appetite for BTC exposure is mounting. Data from monitoring firm Arcane Research published this week shows that Bitcoin exchange-traded products (ETPs) now have record high BTC under management. “Happier days” for Bitcoin ETPs as buyers pile in Despite BTC price action failing to draw in buyers at over 50% below all-time highs, not everyone is feeling risk-off. According to Arcane’s data, Bitcoin ETPs have seen a flurry of interest from institutional investors both this month and last. In total, Bitcoin ETPs, which include products such as the ProShares Bitcoin Strategy exchange-traded fund (ETF), now have 205,000 BTC under their control — a new record. “While the M...
Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe
Bill Miller the billionaire founder and Chief Investment Officer of investment firm Miller Value Partners, has said he considers Bitcoin (BTC) an “insurance policy against financial catastrophe.” Appearing on an episode of the “Richer, Wiser, Happier” podcast on May 24 Miller backed the cryptocurrency as a means for those caught in conflict to still access financial products. He used the collapse of financial infrastructure in Afghanistan after the US withdrawal in August 2021 as an example. “When the US pulled out of Afghanistan, Western Union stopped sending remittances there or taking them from Afghanistan, but if you had Bitcoin, you were fine. Your Bitcoin is there. You can send it to anybody in the world if you have a phone.” Miller said examples of how the crypto can function as ins...
Ethereum in danger of 25% crash as ETH price forms classic bearish technical pattern
Ethereum’s native token Ether (ETH) looks ready to undergo a breakdown move in May as it forms a convincing “bear pennant” structure. ETH price to $1,500? ETH’s price has been consolidating since May 11 inside a range defined by two converging trendlines. Its sideways move coincides with a drop in trading volumes, underscoring the possibility that ETH/USD is painting a bear pennant. Bear pennants are bearish continuation patterns, meaning they resolve after the price breaks below the structure’s lower trendline and then falls by as much as the height of the previous move downside (called the flagpole). ETH/USD two-hour price chart. Source: TradingView As a result of this technical rule, Ether risks closing below its pennant structure, followed by additional mo...
STEPN move-to-earn tokens GMT, GST hit new highs after Coinbase listing announcement
The native tokens of move-to-earn lifestyle app STEPN swung higher on news that they would be available to trade on Coinbase, a U.S.-based crypto exchange. The price of STEPN’s governance token Green Metaverse Token (GMT) rallied by nearly 20% to reach over $4 in the past 24 hours, hitting as high as $4.50, its best level to date. GMT/USD four-hour price chart. Source: TradingView Similarly, the other STEPN token, called the Green Satoshi Token (GST), which players earn after walking, jogging and running outdoors with STEPN’s “NFT Sneakers,” gained 6.5% to about $6.25 on a 24-hour adjusted timeframe with a new record high of $7.20. STEPN ecosystem grows The intraday rallies in GMT and GST markets are part of a broader uptrend that started in early March 2...
Discover Candy Cult, a Festival-Focused NFT Collection Supporting Women In Music
Candy Cult is a Web3 community with a cause. In music industry professions across the board, women and marginalized groups continue to be underrepresented. With the proliferation of NFT technology, Candy Cult’s cofounders, Brooke and Nick, identified an opportunity to help move the needle. Candy Cult is a collection of 6,666 digital collectibles, randomly generated using a library of over 100 unique characteristics. The animated avatars are fashionably ready for festival season and not totally unlike the fans you’d find in the desert of Coachella, or the urban park grounds of Lollapalooza. Candy Cult is an acknowledgement that few things are sweeter than festival season. Following the public sale, Candy Cult is committed to supporting charitable organizations focused on the emp...
Macron or Le Pen: What promise does each presidential candidate hold for crypto?
As France braces for the April 24 presidential election in a runoff, political pundits around the globe are making their bets. The choice is between the centrist incumbent Emmanuel Macron and right-wing populist Marine Le Pen. Much of the political debate this time revolves around economics, but there is one indispensable part of it that is largely absent from the candidates’ electoral agendas: digital assets. While both have a record of public statements on matters related to crypto, neither Macron nor Le Pen seems to be likely to trigger any significant policy change with regard to the French digital economy. State of the art Despite the current administration’s notable efforts to embrace the IT industry, France is still, in many ways, not a particularly tech-friendly country. For ...
Dillian Whyte Announced as Lucky Block Ambassador Days Before Tyson Fury Showdown
DILLIAN WHYTE has been announced as a new ambassador for crypto platform Lucky Block, just days before his heavyweight mega-showdown with Tyson Fury at Wembley Stadium. Lucky Block is a fast-growing crypto platform and kicked off their partnership with Whyte by jetting the heavyweight in a stylish private jet from his traning camp in Portugal to London on Tuesday. Best Fury vs Dillian Whyte Free Bets Betting Sites Highlights Register Dillian Whyte helps Lucky Block become Heavyweight Ahead of the biggest fight of his career and arguably one of the biggest fights in British boxing history, Whyte has been announced as the new ambassador for Lucky Block. The crypto sports game platform are sponsoring the big heavyweight ahead of his Wembley Stadium showdown on Saturday night where he wi...
3LAU Wipes Out Artist’s Student Loan Debt With Cryptocurrency
Distressed by accumulating student loan debt, music producer and visual creative director Bdice reached out to 3LAU for feedback on an idea. What happened next changed the trajectory of his life forever. A multi-faceted creative, Bdice understood well the need to retain ownership of his work. He had been well versed in the possibilities of Web3 and was actively exploring opportunities to monetize his work. Unfortunately, Bdice tells EDM.com, he had found himself in dire straits from a financial standpoint. He’d gone through Audio Engineering & Music Production school, but the aftermath left him six figures in debt. Despite monthly payments, the interest continued to eat away his progress. He had spent $100,000 over 10 years in interest payments alone. Nonetheless, Bdice was...
