LBANK INFO CRYPTOCURRENCY

Tickets have been associated with NFTs but have been largely untapped from some of the major conglomerates in the ticketing business to date. Ticketmaster could be looking to really get in the mix, however, with a renewed effort this week; Ticketmaster and Dapper Labs, creators and operators of the Flow blockchain, announced a partnership to spur growth in live event NFTs. Ticketing is often cited among NFT advocates as one of the top potential use cases among NFTs beyond jpegs. Can ticketing unlock the next level of utility? A dominant powerhouse like Ticketmaster will be as strong as an advocate as humanly possible in the category. Let’s take a look at what we know from the newly budded partnership. Ticketmaster’s Approach: How Dapper Can Help Innovate Ticketmaster, which is owned by live event leader Live Nation, is showing more major strides into pursuing NFT engagement with this latest Dapper Labs partnership. To date, Ticketmaster has utilized Flow for a one-time digital asset...

The trademark application comes months after filing a lawsuit against NFT project MetaBirkins for allegedly using its Birkin brand to sell digital collectibles. from Cointelegraph.com News https://ift.tt/U8ajv67 via IFTTT

The host of Mad Money, Jim Cramer, has advised investors to avoid cryptocurrency and other speculative investments. “Don’t get memed. Don’t get SPAC’d. Don’t get crypto’d,” Cramer stressed, warning of “a giant washout of all things that are speculative.” Jim Cramer Advises Investors to Avoid Crypto The host of CNBC’s Mad Money show, Jim Cramer, offered some advice Tuesday regarding what to invest in the current market condition. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. The Mad Money host has urged investors to stay away from speculative assets including cryptocurrencies. He warned that these investments will struggle as the Federal Reserve continues its hawkish stance to combat inflation. “Look, Fed chief Jay Powell told us that we need to stop doing stupid things with our money. That was the thrust of his speech on Friday,” Cramer said, referring to Powell’s speech in Jackson Hole, Wyoming. The central banker warne...

Altcoins have taken over bitcoin in terms of outperformance this month. While the crypto market as a whole has suffered losses, bitcoin has declined more in a time when the digital asset would have served as safe haven for investors. Now, with altcoins taking the lead in terms of recovery, it points to the downtrend worsening over time, especially for bitcoin. Bitcoin Fails To Hold Up Bitcoin, for the last month, has had its fair share of ups and downs. However, despite being a market mover, the digital asset has fallen short when it comes to holding its value. It saw an overall decline of 13% in the month of August, the highest of any of the other indexes. The Large Cap Index is the index that follows the movement of bitcoin the closes, so it comes as no surprise that it saw the second-largest decline in the same time period. The Large Cap Index fell 12% in August alone, leaving the market at the mercy of its smaller counterparts. Altcoins outperform BTC | Source: Arcane Research ...

In DApps, daily active users is an easy metric to manipulate. Let’s review a few ways to cross-reference the authenticity of the metric. from Cointelegraph.com News https://ift.tt/tCS8AvK via IFTTT

The code bug has plagued the cETH market and has affected Compound’s front-end user face, but the CEO confirmed that “funds are not immediately at risk.” from Cointelegraph.com News https://ift.tt/HCSYcx2 via IFTTT

Although the crypto market has been facing tough times with Fed adding fuel to the fire with its hawkish approach to the industry, some countries have shown an incredible interest in digital assets simultaneously. The fifth most populous territory of Argentina, Mendoza, known for its production of wine, now accepts crypto payments to receive provincial taxes.  Related Reading: Crypto ATM Company BitBase To Launch Services In Venezuela As per the Press Release published by the government on August 27, residents of Mendoza are allowed to pay their taxes and other government fees using the ‘pay online’ section of the tax administration. The announcement came to the public after the Tax Administration Mendoza (ATM) disclosed that the agency had added a new payment method to facilitate users to pay online. The new payment service rolled out on August 24 currently accepts the stablecoins like Tether’s USDT and DAI. It supports all types of wallets and proceeds a transaction using a ...

The raging inflation and the Federal Reserve’s approach to fighting it have seemingly affected the crypto market negatively. The first sell-off trend started when the Feds announced an interest rate hike in July 2022. Even though the Terra Luna crash worsened the situation, the market was already on the brink of collapse. Many people panicked and didn’t want to pay high interest on their crypto gains. Since then, the Feds have come up with many unfavorable decisions in the inflation fight. Recently, Jerome Powel announced a stricter approach on August 26, causing another downtrend in the crypto market and beyond. Related Reading: WATCH: Bitcoin Versus DXY And The Dangerous TD9 Setup | Daily TA August 30, 2022 Many cryptocurrencies lost price gains after the meeting until August 30, when some positive changes occurred. These incidents have attracted the attention of top players in the crypto market, such as Brian Brooks, Bitfury CEO.  Fed’s Approach Affects Short-Term BTC Trader...

Bitcoin has been seeing a lackluster performance in the last couple of weeks, and crypto investors have responded in kind to this. After a couple of weeks of tethering above $20,000, the digital asset’s price had finally fallen below this important technical point, triggering outflows in the market. For the past week, institutional investors have continued to feel the fatigue in the market, so while there were outflows, they still remain quite muted. Bitcoin Loses $29 Million Bitcoin outflows have continued into another week . This has now brought outflows for the digital asset into three consecutive weeks with no signs of a reversal. The total came out to $29 million in outflows for the week. It marked another week where bitcoin had sent the majority of outflows, although others had recorded outflows. The inflows were more localized to short bitcoin, which once more speaks to the bearish sentiment that is brewing among bitcoin investors. Despite not being large by previous margins, ...

Global investment bank Goldman Sachs has urged investors to buy commodities now and worry about a recession later. The firm’s analysts see commodities as “the best asset class to own during a late-cycle phase where demand remains above supply.” Meanwhile, “equities could suffer as inflation stays elevated and the Fed is more likely to surprise on the hawkish side,” Goldman noted. Goldman Sachs’ Recommendation: Buy Commodities Now Global investment bank Goldman Sachs has recommended investors buy commodities. In a note titled “Buy commodities now, worry about the recession later,” published Monday, Goldman wrote: “Our economists view the risk of a recession outside Europe in the next 12 months as relatively low.” The firm’s analysts, including Sabine Schels, Jeffrey Currie, and Damien Courvalin, explained: With oil the commodity of last resort in an era of severe energy shortages, we believe the pullback in the entire oil complex provides an attractive entry point for long-only inv...

Our Blue Chip NFTs 101 series is now approaching six months in the making, and we’ve taken healthy deep dives into some of the biggest NFT projects in the market; while everyone has heard of Bored Apes and CryptoPunks, we’ve taken the time to provide hefty due diligence around other major blue chip projects like World of Women, Art Blocks, DeGods, Moonbirds, and more. We’re back in the mix and looking to keep you ahead of the curb as an upcoming mint for NFT project ‘y00ts’ has generated so much traction and talk, we suspect it could easily be a blue chip in the making. It’s invite-only whitelist thus far, which brings all the pros and cons of exclusivity, and most notably the hype and anticipation that limited access can bring. Let’s take a deep dive into y00ts and what we’ve seen thus far. From DeGods To y00ts: Is Blue Chip Status Really That Easy? It’s been over three months since we published our Blue Chip NFTs 101 piece on DeGods , the standout Solana project that really took So...

PRESS RELEASE. Jackson, Wyoming (August 29, 2022) – Gala Games , the leading pioneer in web3 entertainment and blockchain gaming, today announced that Spider Tanks , the first Web3 PvP esports brawler, will launch on October 31, 2022 as the debut game on Project GYRI, Gala Games’ proprietary games-first blockchain. In anticipation of the launch, starting today Gala is kicking off a limited time sale for its Spider Tanks Planetary Nodes. Planetary Nodes will be operated by community members who have purchased licenses in this sale. In return for using their computing resources to power the decentralized Spider Tanks ecosystem, Node operator-owners will earn regular rewards. More information about Planetary Nodes can be found at Gala.Games . Developed by award-winning Netherlands-based GAMEDIA, this futuristic esports tank game is free to play, but also incorporates a variety of play-to-earn mechanics that center around skill-based competition, resource collection, and a player-dri...

Bitcoin trading volumes have always surpassed expectations in the past. Last week, celebrations filled the community as the digital asset had reportedly seen more than $1 trillion transacted on the network so far. However, a new report claims that the trading volumes reported by exchanges may be inflated. The main number, they predict, to be much lower than what is being reported, especially on a daily basis. Reported Bitcoin Volume Fake A new analysis report from Forbes has come back with the conclusion that more than half of bitcoin’s daily reported volumes are fake. The report focuses on the reported volumes from across 157 crypto exchanges and found that the numbers from self-reported sources had greatly inflated the volume of bitcoin being transacted. These exchanges usually report bitcoin daily volume according to their internal processes, which ends up being different across exchanges. An example given in the report was between CoinMarketCap and CoinGecko. While the latter ha...

Bitcoin started a major decline and traded below $20,000 against the US Dollar. BTC remains at a risk of more losses unless it recovers above $20,000. Bitcoin started another decline below the $20,200 and $20,000 levels. The price is now trading below the $20,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate further lower below the $19,500 support zone in the coming sessions. Bitcoin Price Takes Hit Bitcoin price failed to recover above the $22,000 resistance zone . BTC started a fresh decline below the $21,200 and $21,000 support levels. The bears gained strength for a push below the $20,000 support zone. The price settled below the $20,000 level and the 100 hourly simple moving average . A low is formed near $19,525 and the price is now consolidating losses. On the upside, an immediate resistance is near the $19,8...

Cryptocurrency service providers that are operating in Ethiopia have been instructed to register with the nation’s cybersecurity agency. The cybersecurity agency is called the Information Network Security Administrative (INSA). INSA is the agency in charge of Ethiopia’s cybersecurity department, which will start to register cryptocurrency services and transfer providers in Ethiopia. Service providers after the announcement made by the National Bank of Ethiopia (NBE) have to start registering with the cybersecurity agency. NBE had mentioned that people in Ethiopia were using crypto transactions whereas using digital assets in Ethiopia is illegal. According to certain reports , the amended law provides the cybersecurity agency to power to monitor cryptographic products and digital asset transactions. Additionally, the designated “Root Certificate Authority”, the INSA has been given the responsibility of developing specific operating procedures as well as the cryptographic infrastru...

Hi I am currently building financial software to help users keep track of their bitcoin transactions. I have tried a couple of different apis and am currently using chain.so to get a user's bitcoin transactions. My question is it possible to somehow identify a user's transactions as mining transactions? Thank you! Here is an example of a user's mining transaction for context: https://chain.so/tx/BTC/4e17089eb2e95695f082b5b7570fee8c7544b382ed32ab9dedfd0a6512c4ac35 from Recent Questions - Bitcoin Stack Exchange https://ift.tt/EVF8Gvj via IFTTT

With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on August 28. Median-sized fees have slid to 0.00036 ether or $0.544 per transfer, and etherscan.io’s gas tracking tool notes a priority fee will cost 11 gwei or $0.34 to get a transaction confirmed in roughly 30 seconds. Ethereum’s Onchain Transfer Cost Remains Low, L2 Transfer and Swap Fees Are Still Cheaper On August 16, the Ethereum Foundation updated a previously published blog post in order to make it clear that The Merge would not reduce gas fees and improve throughput. While The Merge is a little more than two weeks away , Ethereum gas fees have been far less expensive than they were before mid-June. At that time, in the middle of June, Ethereum’s average gas fees started to drop lower from $3.86 per transaction to 0.00086 ether or $1.46 per transfer during the first week of August. Gas fees ...

NearPay a crypto finance protocol has now launched virtual crypto cards and a wallet for iOS and Android users. NearPay is now made available on all platforms which include the Web, iOS and Android. The platform lets its users buy digital assets using credit cards or even through a bank transfer. The entire process of transacting has been made easier, as users can send, receive and exchange a digital asset without hassle. The finance protocol has attempted to bring a modern digital banking experience across the industry. The platform will also allow a user to make withdrawals just through a bank account. Additionally, there is a provision to instantly use a virtual Visa debit card that allows one to spend digital assets for online purchases with an option to automatically convert crypto into fiat currency. At the current moment, NearPay can support 38 cryptocurrencies which include Bitcoin, Ethereum and Tether (USDT) and other digital assets. Crypto Accepted For Everday Purchas...

Ethereum price registered a fresh decline on its chart over the last 24 hours. The altcoin declined by 7% over the past day. In the last week, ETH fell by 9% and started to trade below the support level of $1,520. The broader market weakness could be blamed for most major altcoin’s southward movement on their respective charts. Ethereum price was trying to hold itself above its immediate resistance, the altcoin met with a significant sell-off. Technical outlook for the coin also pointed towards bearish strength. Buyers exited the market as soon as ETH failed to defend the immediate support level. ETH might continue to fall on the chart if the coin doesn’t manage to trade above the $1,400 price level. Bitcoin plunged to the $19,900 price mark which caused sellers to become active in the market. A fall below the $1,400 level will cause the Ethereum price to rest at the $1,367 level. Broader market support and buying strength will be needed in order for the altcoin to break its beari...

Twitter Inc. has been ordered to provide additional data relating to spam and bot accounts to Elon Musk. The social media giant has sued the Tesla CEO for terminating his $44 billion offer to buy the social media platform. The U.S. Securities and Exchange Commission (SEC) has also questioned Twitter about the number of spam accounts. Court Orders Twitter to Give Additional Data to Elon Musk Chancellor Kathaleen St. J. McCormick, a judge on the Delaware Court of Chancery, signed an order Thursday requiring Twitter Inc. (NYSE: TWTR) to provide additional data to Tesla and Spacex CEO Elon Musk. Plaintiff Twitter has sued defendants Musk and his two companies, X Holdings I and X Holdings II, for terminating the $44 billion deal to buy the social media platform. Musk has countersued Twitter. Judge McCormick stated in her order: Defendants’ data requests are absolutely abroad. She added: “Read literally, Defendants’ documents request would require Plaintiff to produce trillions upo...

The crypto community has witnessed another price plunge after the just concluded Federal Reserve annual meeting. Many investors already anticipated a new turn in asset prices after Jerome Powell spoke on the approach to combat inflation. But from the turn of events, Powell tipped the scale against investors’ expectations. As a result, many cryptocurrencies and equities have already started a downward price trend. Ethereum (ETH) and many other cryptocurrencies have lost some August 25 price gains. After the meeting, ETH’s price tanked 9% and stood at $1555. But the bears continued to push the price lower. Some hours later, in the evening, ETH plummeted lower to $1478 before climbing up gradually.  Related Reading: Avalanche (AVAX) Tries Comeback, Unfazed By $2-B Market Cap Loss In Last 2 Weeks As of the time of writing, ETH is still in the reds on August 27. The price fluctuates between $1499 and $1505. The coin struggled to climb a bit higher than the August 26 lowest point of ...

Crypto exchange Zipmex has planned to meet with the Thailand Securities Exchange Commission along with other regulators to discuss the recovery plan. Zipmex had recently submitted a letter which will request to schedule meetings with the security regulators. This meeting shall also include the crypto firm’s potential investors. The exchange had suspended the withdrawals in the month of July due to a financial crisis. A meeting that involves Thailand’s SEC and investors of Zipmex is important before a funding deal is finalized. Zipmex stated, We have requested meetings with Thailand’s Securities Exchange Commission and regulators in the country where we operate to introduce our investors to regulators and present our recovery plan to government agencies. The crypto exchange has signed total of three memorandums of understanding (MOUs) in the past month. At the moment the firm is in the “Advanced States” of discussion with two of its potential investors. Crypto Exchange Has Not D...

The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and its business.” Crypto Flare Mitigation Company Crusoe Files a Lawsuit Against the Texas-Based Alkane Midstream Gas-to-bitcoin flare mitigation company Crusoe Energy filed a lawsuit against the company Alkane Midstream on August 22, 2022. The gas-to-bitcoin infrastructure firm is asking the Denver division of Colorado’s federal court to order Alkane to stop infringing on two patents. The lawsuit obtained by Bitcoin.com News also claims Alkane caused Crusoe to lose work after two gas and oil refiners backed away from agreements made with the company in November 2021. The two gas and oil producers are called the “Colorado Producers,” and are not officially named in the lawsuit filed against Alkane. “Alkane has infri...

Crypto adoption worldwide has accelerated in the last couple of years. Thanks are especially in order to the 2021 bull run that saw the price of bitcoin reach as high as $69,000, triggering an influx of new users into the market, both on the retail and institutional investor side. As it now stands, there are now more than 320 million crypto users around the world, according to recent data. Here are the countries that dominate the list. The United States Takes The Lead The United States has actually seen one of the most rapid adoptions of cryptocurrencies. Data from Triple A shows that there are more than 46 million crypto users in the country. This is made even more evident that more than 80% of all crypto ATMs installed in the world exist in this region. So in total, the United States has 13.74% of its total population who are crypto users. Related Reading: What The Negative Bitcoin Funding Rates Say About Investor Outlook Coming in second is India. Over the years, there have been...

The price of Polygon (MATIC) has shown great strength in the past few weeks against Tether as it maintained its bullish sentiment. Despite the retracement across the crypto market, Polygon has shown great strength holding above $0.75 compared to other crypto assets that have lost their key support. (Data from Binance) Polygon (MATIC) Price Analysis On The Weekly Chart Weekly MATIC Price Chart | Source: MATICUSDT On Tradingview.com From the chart, the price of MATIC saw its weekly low at $0.75; the price of MATIC bounced from that region to a price of $1 on the weekly chart as the price is unable to show much strength to trend higher after being rejected. MATIC’s weekly candle closed with a bearish sentiment, with the new week’s candle looking more bearish.  The price has continued to show little or no traction; If the price of MATIC on the weekly chart maintains this structure, it could retest its low of $0.6 as the support region on the weekly chart. For the price of MATIC to...

The Japanese government has announced that it shall be evaluating the crypto tax rules which are applicable for corporations in the fiscal year of 2023. The Financial Services Agency and the Ministry of Economy, Trade and Industry (METI) will be carrying out the assessment of how these digital asset corporations will employ digital assets for propelling the growth of startups. The 2023 financial year tax reform request has targeted solving key issues that the advocacy groups have stated to be roadblocks for crypto adoption in Japan. The two eminent crypto advocacy groups in Japan, The Japan Crypto-Asset Business Association and the Japan Crypto-Asset Exchange Association (JVCEA) had released this request calling to lower the tax rates for individual investors on crypto earnings. This proposal has been primarily meant to address the need to better individual tax filing and the overall importance of digital assets in the Web3 industry of Japan. This has been a part of the proposal aft...

Bitcoin price noted a sharp decline after the bulls were rejected at the $24,000 price mark a few days ago. Over the past week, the coin depreciated 7.6%. In the last 24 hours, Bitcoin price barely noted any movement. This indicated that the coin was trading within a consolidated price range. The bulls are trying to re-enter the market but selling strength continues to increase. The coin however has managed to keep the price above the $21,000 support level. The technical outlook for Bitcoin has turned mixed, meaning there could be signs of reversal over the next trading session. For a price reversal to successfully take place, buyers have to return to the market. BTC needs to soar past its immediate price ceiling of $22,000, else, a move to $20,000 will be incoming shortly. Demand for the coin has been low at higher levels and as long as that’s the case, BTC will continue to witness resistance. Bitcoin Price Analysis: Four-Hour Chart Bitcoin was priced at $21,600 on the four-hour ch...