Bitcoin Crypto News

LongHash Ventures Rolls Out Web3 Investment Fund Platform Worth $100M

In a new development, LongHash Ventures will launch a $100 million investment fund for the decentralized Web3. With more innovative products, projects, and applications, the crypto space is growing in leaps and bounds. Furthermore, blockchain technology has created more opportunities for extraordinary accomplishments in the industry and other sectors. Yet more advancements and developments are […]

Crypto News

Nas Academy and Invisible College Introduce Their Web3 Crypto Academy Accessible Through Decentralien NFTs

The growing appeal of Web3 and cryptocurrency creates shockwaves among mainstream users. Initiatives like Invisible College help people better understand this new frontier and its opportunities. A new crypto academy has been launched through a partnership with Nas Academy, which one can only access by holding a Decentralien NFT. Invisible College Teams Up With Nas Academy The Invisible College project has a simple goal: make people more knowledgeable about web3 and the many opportunities this technology represents. That process includes offering educational material regarding learning, investing, and building in a web3 environment. Furthermore, the team provides hands-on experience with the technology, as members acquire ownership of their education through the Decentralien NFT collection. That NFT is essential to access the various in-depth courses, weekly events, and online support. While the Invisible College project has been successful, the team always looks toward the future. Its recent partnership with Nas Academy plays a crucial role in that expansion plan. Nas Academy is a leading technology platform where creators can build communities through education. Moreover, the Nas Academy team firmly believes content creators could be excellent teachers by sharing knowledge and engaging with global audiences. Through the new partnership, Invisible College and Nas Academy have established a crypto academy for web3. A dedicated bundle of courses has been created to focus on topics ranging from NFT investing to crypto fundamentals and community building to video editing. The new academy will kick off the first school year on September 1, 2022, and can be attended by all Invisible College members holding a Decentralien NFT. In addition, they will gain access to over 18 web3 and creator courses hosted on the Nas Academy platform. Furthermore, the crypto academy for web3 will continue to receive more content from industry experts and leading web3 instructors. There is much to talk about, as a decentralized internet is unlike anything that has come before it. Invisible College wants to become the world’s leading web3 learning library on the internet. With over $2,000 worth of courses available from day one, the new venture is off to a solid start. A New Frontier For NFT Utility One often-heard comment is how non-fungible tokens offer limited usability beyond speculation. While that may be true for the majority of collections, Decentraliens shows there are ways to enable real-world utility at any time. It requires an out-of-the-box-thinking mindset, as very few people expected NFTs to become “passes” to access educational content this quickly. Even so, the industry is always evolving, and new ideas will be explored by those brave enough to venture into the unknown. Nas Academy CEO Nuseir Yassin adds: “Web3 is more than just a compelling topic for courses. We believe NFTs can reinvent the way students consume online education and allow people to own a piece of the internet. That’s why we wanted to partner with a visionary community in the form of Invisible College. We are excited to build together to help educate and bring the next wave of users into web3.” Industry enthusiasts expect non-fungible tokens to become a new internet standard for content ownership. Not just for creators but also in other fields, including education. Despite the steep learning curve associated with web3 technology today, the approach by invisible College and Nas Academy offers a valuable incentive to explore this new frontier.  

Bitcoin Crypto News

Bitcoin Enters August With Losses, Has It Set The Tone For The Month?

Bitcoin has entered into a new month, but its price has not been doing as well as expected. The end of July had indeed come with good tidings as the bitcoin price had broken above $24,000. However, maintaining this point has been a harder task. As the market welcomes the new month of August, bitcoin has not had the best of starts to the new month, entering it with a red daily close. Bitcoin Going For The Win? Bitcoin’s recovery over the last week has been propelled forward by different things. The most recent one was the announcement that the United States was now in a recession after recording two consecutive negative GDP growth, causing individuals to find where to park their wealth. Bitcoin naturally provided the perfect hedge for people who were looking to escape the growing inflation, triggering a massive accumulation trend. Related Reading | Impressive Rally Puts Bitcoin Above $24,000, But Is $28,000 Still Possible? It had seen the price of bitcoin quickly break multiple important technical levels. The 26th and 27th had been really good days for bitcoin after the digital asset closed both days in the green. But that will quickly change in the next couple of days. With the new month, bitcoin has now seen its 3rd consecutive daily red close. Now, this is not alarming in any way, given that the digital asset is in a bear market, but it does speak to the performance of the digital asset in the coming days. BTC falls to mid-$23,000 | Source: BTCUSD on TradingView.com An example is that if there is no immediate recovery, the decline that will follow will see the cryptocurrency’s price plunge more than it actually gained in its recent recovery. What this means is that a failure to hold this bullish rally could set bitcoin back to the $20,000 love. Obviously, bitcoin has previously seen significant support at this level and continues to see mounting support at the same point, but it makes no difference if there is not enough buying pressure on the market. Also, as investors rush to take profits over the recent recovery, the selling pressure may overwhelm traders and turn their focus to shorting the market. Related Reading | New Milestone May Be The Kick Dogecoin Needs To Break $0.1 The digital asset has already lost more than $2,000 over the last two days. It has also declined below its 50-day moving average once more, the same technical level that had been one of the indicators of the bear trend in previous markets.  For bitcoin to establish a bullish trend, it must break above $24,800 and hold this level. Otherwise, there is likely to be a rapid decline in price over the next couple of days. Featured image from Forbes, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Crypto News

STEPN Kickstarts Gamers’ Interest As GMT Capitalizes On Bullish Retracement

And the game is on for STEPN as the GMT token plays in sync with other cryptocurrencies amplified for the bull run.  In the past couple of weeks, STEPN has been making upgrades on its network to rekindle the waning interest of gamers. And the token seems to be making a lot of progress. The move-to-earn game has recently rolled out Health Points that set a certain life cycle for STEPN sneakers. They also were brewing an exciting STEPNrun Contest that is scheduled to kick off from July 25 to August 8 which is meant to get the word out about STEPN on social media. The contest is designed to run on both Instagram and Twitter. GMT Token Price Warms Up At $1.01 The GMT token price is currently at $1.01 and is forecasted to take off in the past couple of days. It looks like STEPN is just warming up at this point with its recent updates. When the contest was launched, GMT tokens gained support and advanced to $0.92. The GMT price has since then remarkably increased by 4% as seen in the past few days. Alongside the GMT price growth, trading volume also surged for the same period. GMT’s trading volume has spiked by over 25% or at 492.16 million as of this writing. It only took a couple of days for the token to gain some traction. Additionally, GMT’s total token’s market cap has also jumped to $606.36 million from $553.76 million. With the prices still showing an upward trend overnight, CoinMarketCap showed a 4.12% spike in STEPN’s GMT price in the last 24 hours. STEPN’s GMT Token Set To Go Bullish In Coming Days Meanwhile, STEPN’s GMT token seems to be hovering towards the overbought domain as seen on the 4-hour chat with the Money Flow Index or MFI at 74.02. Moreover, the token’s RSI was also spotted at 59.63. On the other hand, GMT’s social dominance has lagged behind by 23%. Its social volume also declined by 67% as seen in the past couple of days. The token is seen to be moderately volatile or on the average when pitted against other cryptocurrencies. With that being said, STEPN is currently in the top 43% of cryptocurrencies in terms of volatility. STEPN’s GMT price is geared for an uptrend. With resistance at $1.03 and support found at $0.935037596620583, this sets up STEPN to go for a bullish movement before it faces hurdles from selling pressures. Crypto total market cap at $1.06 trillion on the daily chart | Source: TradingView.com Featured image from Atomic Wallet, chart from TradingView.com

Crypto News

New Milestone May Be The Kick Dogecoin Needs To Break $0.1

  Dogecoin has been enjoying the love being shown to it by prominent figures in the space, such as Elon Musk and Mark Cuban. However, the digital asset has not been faring well since hitting its all-time high of $0.7 in the middle of 2021. The decline in price that followed has seen Dogecoin lose more than 90% of its value since then. But a new development has begun to paint a bullish picture for the digital asset. New Dogecoin Addresses Soar One of the reasons that Dogecoin’s price has continued to suffer has been the lack of interest from the crypto community. Despite its community still pushing the meme coin, it was not seeing enough adoption to push the value of the asset back up. That is, until now, when Dogecoin is beginning to experience a significant uptick in interest. Related Reading | Ripple (XRP) Is Up 190% From Cycle Low, But Will It Ever Reach $3? New data shows that the adoption of Dogecoin is up, given the number of addresses that are transacting on the network. Data from IntoTheBlock shows that the number of new daily DOGE addresses had grown by a whopping 256% in the last day.  DOGE price continues to struggle | Source: DOGEUSD on TradingView.com Dogecoin has now hit its highest point in terms of new daily addresses, rising from its 14.4k point to the new 38.43k number. This increase in the number of people using DOGE on the network points to healthy growth for the meme coin. So despite the fact that the price of the digital asset is down by a large margin, it is enticing investors who likely see the current price of the digital asset as a prime entry point. Better Days Ahead Dogecoin has been seeing some good events happen in the last week. Besides seeing a significant jump in its daily addresses, it has also undergone an upgrade that has brought more good publicity to the meme coin. Related Reading | Why Cardano (ADA) May Breakout In A Bull Run To $1 The team announced recently that the Dogecoin website had received an overhaul. Since the meme coin has been getting a lot of bad publicity lately, leading to FUD in its community, it has pulled out all the stops in an effort to combat this. Dogecoin Core also received an upgrade with the software version 1.14.6 going live this week. This was done in a bid to strengthen the network and make transactions more efficient. On the investor side, Dogecoin holders are not faring too badly compared to others in the space. Data shows that the majority of DOGE holders are still seeing profit at 52%. This put 45% in the red and 4% of holders currently sitting in neutral territory. Long-term holder composition also continues to dominate, with 65% holding their coins for more than a year. Featured image from MarketForces Africa, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Altcoins Analysis Bitcoin Blockchain

The Bottom Is Near As Data Shows Market Makers And Institutions Have Resumed Accumulation: CryptoQuant

Elon Musk Riles Up Dogecoin Bulls After Coinbase Listing: Why The Meme Coin Could Go Sky High Or Hit Rock Bottom From Here

In a blog post on Wednesday, CryptoQuant analyst Dan Lim writes that market makers and institutions have once again started accumulating Bitcoin at levels similar to May 2021, indicating that the end of the current bear market is near. “After the peak in May 2021, accumulation for a new cycle has begun, and now, the […]

Crypto News Ethereum

Why “The Merge” Is Not Priced In, Says Ethereum Inventor Vitalik Buterin

Ethereum and the crypto market slightly recovered some gains after the Federal Reserve (Fed) announced a 75-basis point (bps) interest rate hike. There was no surprise from the financial institutions, and the second crypto by market cap might be able to extend the bullish trend without external distractions. Related Reading | TA: Bitcoin Price Restarts Increase After Fed Rate Hike But Resistance Intact At the time of writing, Ethereum (ETH) trades at $1,640 with an 11% profit in the last 24 hours and a 7% profit over the past week. The cryptocurrency has reclaimed its position as the best-performing asset in the top 10 by market cap. In an interview with Bankless, the inventor of Ethereum spoke about what could be the most bullish milestone for this blockchain since its inception: “The Merge”. The event that will complete ETH’s migration into a Proof-of-Stake (PoS) blockchain with the promise of bringing more scalability and better performance to the network. For months, there has been an ongoing debate about the impact of this event on the price of Ethereum. Some market participants believe “The Merge” is already priced-in, meaning its impact is currently reflected on ETH’s price, others believe the opposite. Buterin himself is amongst the former, he believes “The Merge” is not priced-in from a market and psychological standpoint. The positive impact of this event will have implications with the potential to ripple across the entire Ethereum ecosystem. These effects will kick in when “The Merge” has been deployed on the mainnet. Buterin said: The Merge is looking more and more in the review mirror. It’s looking more and more like “hey, this things is going to actually happen and when it happens I expect (developer’s) morale is going to go way up (…). I basically expect that “The Merge” is not going to be priced-in, by which I mean not just in market terms, but in psychological, and narrative terms (…). What “The Merge” Could Spell For The Price Of Ethereum Once “The Merge” has been implemented, Buterin predicts that Ethereum will change a “lot of minds”. This could potentially hint at the surge in the adoption of this network’s ecosystem. There has been a lot of talk about cryptocurrencies and their alleged negative impact on the environment. “The Merge” is set to reduce Ethereum’s carbon emissions by 99%. This could translate into more institutions and capital previously sidelined from the crypto space because of its environmental footprint thus, why this event might have profound implications in terms of adoption, price appreciation, and development. Related Reading | TA: Ethereum Surges 15%, Why ETH Could Climb Above $1,700 On the latter, Buterin celebrated Ethereum’s capacity to improve its development speed across the years. After “The Merge”, ETH core developers will focus on scalability and building the infrastructure needed for mainstream adoption.

Bitcoin Crypto News

Bear Market Drives Global Crypto Jacking Volume, SonicWall Report Finds

Per a report from security firm SonicWall, Crypto jacking has been soaring in 2022. This trend has been unaffected and probably has been boosted by the bearish price action recorded across the digital asset industry. Related Reading | Binance CEO Sues Bloomberg Subsidiary For Publishing Defamatory Article According to the definition of Crypto-Jacking by cyber security […]