During the weekend, the price of Bitcoin dropped below the $18,000 mark and hit a 19-month low of $17,700. Much like Bitcoin, Ethereum and other digital assets also plunged to their respective multi-month lows as the cryptocurrency market cap shrinked to $852 billion.
Last week the total cryptocurrency market capitalization plunged below $1 trillion for the first time after January 2021 as bearish sentiment affected the trading of almost every major cryptocurrency. Towards the end of the week the cryptocurrency market bled out a few more billions, reaching a total market capitalization of merely $840 billion before slowly recovering back to $940 billion at the end of Week 24. While Bitcoin and Ethereum usually outperform the market average in such conditions, both biggest cryptocurrencies were hit hard by the most recent bear market. Both BTC and ETH dipped below their psychological support levels of $20,000 and $1,000 respectively for a short time and they both incurred weekly losses of almost 30%.
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Los Angeles, United States, 18th June, 2022, Chainwire Outland, an emerging crypto art platform based in Los Angeles, CA, has announced that it has raised $5 million in its first seed round in March 2022. Led by OKG Ventures, IMO Ventures, Dragon Roark, and JDAC Capital have all invested in the burgeoning Web3 cultural leader….
Geneva, Switzerland / June 16 / – TRON DAO and BitTorrent Chain (BTTC) are thrilled to announce Mirana, Binance Custody, FalconX, Bittrex Global, APENFT Marketplace, Voxels, Tacen, Ankr, Velas, SwissBorg Ventures, and the lead author of the ERC-721 Standard, William Entriken, as partners and judges for the TRON Grand Hackathon 2022, Season 2. They will…
Hà Nội, Vietnam, 18th June, 2022, Chainwire KingSpeed officially launched the very mainnet version with new features and cars. A tournament with a total prize pool of $10,000 will also be held with several pools for users to participate in. On June 17th, KingSpeed officially launched the mainnet version for its blockchain racing game after…
Hong Kong, Hong Kong, 17th June, 2022, Chainwire NFT owners and traders alike have had their woes about NFT minting: it’s not a fair mint to begin with. Most projects’ minting method is off-chain, making it vulnerable to corruption and exploitation. Generated and stored NFT contents and metadata are off-chain, making them susceptible to data…
Binance has unveiled several new features and improvements over the past couple of months, designed to make the non-fungible token (NFT) buying, selling, and trading experience more accessible and potentially more profitable.
USD Coin (USDC) issuer Circle has announced it will be launching a new stablecoin product, Euro Coin (EUROC). As the name suggests, ERUOC will be pegged to the value of EUR and redeemable at a 1:1 ratio at all times. The stablecoin will be fully backed by euro cash reserves.