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BAYC’s Yuga Labs Files Lawsuit Against RR/BAYC Creator Ryder Ripps

NFT Flipping Isn't Profitable For Over 50% Of Investors - Here’s Why

Yuga Labs, the NFT company behind BAYC and MAYC, has filed a suit against American conceptual artist and creator of NFT collection RR/BAYC, Ryder Ripps, and his partner Jeremy Cahen. Yuga Labs claims the creative director is “scamming consumers by misusing Yuga Labs’ trademarks.” Yuga Labs accuses Ryder Ripps of intentional copyright infringements In the […]

Crypto News

LUNA2 Recovers 70% In Nine Days From Historic Lows

The company behind TerraUSD and Luna, which sparked a crypto market collapse last month, launched a new coin. However, it is now developing actively. For example, nine days after falling to an all-time low of $1.62, the price of Terra’s freshly minted new token (LUNA2) increased significantly. Regarding recovery from the previous low, LUNA2’s pricing on June 27 reached $2.77, or a 70% increase. Nevertheless, the token is trading almost 77% below its May 30 historical high of $12.24. Related Reading | Doom To Fail: Tether Shorts Pile In As Hedge Funds Seek To Profit From Crypto Winter According to CoinMarketCap, LUNA2 is currently trading at $2.36 and has a gain of 8% in the last 24 hours.  After the market fall, many people have been selling their cryptocurrencies. This has made the market more illiquid, even though the prices have started to rebound. However, the market has started to re-established itself since the recovery started moving during the past week. As a result, the liquidations have begun to level down, and the price of Terra has increased dramatically. LUNA2 Has A High Degree Of Risk? During the last week of May, the new Terra network became live and began trading on exchanges such as Bybit, Kucoin, Huobi, and Binance. By adding the newly launched token of the collapsed Terra network, cryptocurrency trading platforms first express their support for its rebirth. Notably, the price has changed significantly on various exchanges, primarily related to the trading volume. For example, the cost of LUNA2 jumped to $12.24 when it began trading on all major exchanges but ultimately lost all of its gains due to a sharp reversal. Similar to LUNA2, Terra UST, and Terra Classic Hikes TerraUSD has recorded a more than 400 % spike over the last seven days despite the heightened volatility associated with Terra’s recently issued coin LUNA 2.0. According to CoinMarketCap, it is trading for an average price of about $0.02014. The 24-hour trading volume for UST is at $83 million. Related Reading | Crypto Liquidations Settle As Bitcoin Recovers Above $21,000 Similarly, The prices of Terra Classic (LUNC/OLD LUNA) have also increased significantly over the past 24 hours. As a result, the market value of Terra Classic has climbed by $208 million. As per CoinMarketCap, data show the token was trading at $0.00008521 at the time of writing. On the other hand, Do Kwon, the CEO of Terraforms Labs is currently the subject of a hacktivist organization after dealing with several accusations made by Terra insider FatMan.   Featured image from Flickr and chart from TradingView.com

Crypto News Ethereum

The New Eminem and Snoop Dogg Music Video Showcases Bored Ape Avatars

the-new-eminem-and-snoop-dogg-music-video-showcases-bored-ape-avatars

The prominent rap stars Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. The duo’s latest single called “From the D 2 The LBC” debuted at this year’s Apefest, an annual gathering for BAYC and Mutant Ape Yacht Club (MAYC) owners. From the… More

The post The New Eminem and Snoop Dogg Music Video Showcases Bored Ape Avatars appeared first on BTC Ethereum Crypto Currency Blog.

Altcoins

One Low-Cap Altcoin Skyrockets by More Than 140% in Just One Week As Crypto Markets Rebound

A low-cap altcoin is erupting in the last seven days as the broader crypto markets flash signs of strength toward the end of the week. STORJ, the native asset of Storj, a decentralized protocol designed to provide an end-to-end encrypted cloud storage platform, has more than doubled its value in just one week. From a […]

The post One Low-Cap Altcoin Skyrockets by More Than 140% in Just One Week As Crypto Markets Rebound appeared first on The Daily Hodl.

Bitcoin Blockchain Crypto News Ethereum

Storj (STORJ) – A Relatively Unheard Crypto – Leads Gainers With 30% Rally

The price of STORJ (pronounced “storage”) has increased by a little over 30 percent in the last 24 hours. According to CoinMarketCap, STORJ, an ETH token, is the 88th largest coin by market capitalization. The token experienced a significant increase thanks to the NFT update on Friday. STORJ reached an all-time high of $0.97, a 43 percent rise from its 24-hour low. Currently, the coin is selling at $0.9273, an increase of a remarkable 30.73 percent in the last 24 hours, according to statistics from CoinMarketCap. Additionally, its market capitalization soared from $245 million the day before to $371 million as of today. STORJ is a platform for shared cloud storage. Instead of sending files to massive data centers, users can just store them in independent computers of the host. STORJ Gets Strong Backing Two requirements must be met to qualify as a host: a solid and speedy internet connection and terabytes of storage space. Users can make money by storing the files of others on their computers. An announcement about major businesses embracing STORJ to store unique tickets, music, sports NFT assets, and gaming caused a sharp increase in the token’s price. Europa Labs, Amuzed, and Ultimate Division are the company’s newest NFT customers. Suggested Reading | Top 5 Cryptos Taking A Major Beating In The Ongoing Market Mayhem Crypto total market cap at $941 billion on the daily chart | Source: TradingView.com Amuzed is a blockchain-based music gaming platform that allows users to listen to their favorite artists’ music using NFTs. Ultimate provides participants with a soccer-themed metaverse game in which they can earn Ultimate Division Tokens (TKDS), whereas Europa Labs wants to improve the computational capabilities of clients on their preferred data platforms. Suggested Reading | Cosmos (ATOM) Price Swells 12% – Can It Breach Resistance? Green Candles Show Bullish Potential Similarly, 24-hour trading volume for STORJ has surged by more than 100 percent, reaching $408,455,560 – an increase of 127.94 percent. Examining the STORJ/USDT daily chart, the price of STORJ has displayed green candles since June 13. This trend persisted with small retracements on the daily chart until Friday, when the token recorded its highest green candle of the move. In the last 10 days, the price of the asset has increased by 130 percent, from $0.4005 to its current level of $0.80. It remains to be seen whether the relatively unheard crypto will be able to sustain this growth in the future or if it will be just another “one-hit” wonder. Featured image from CyberBump, chart from TradingView.com

Bitcoin Uncategorized

Bored Ape Yacht Club Founders Speak Out Against Nazi Affiliation Rumors

The company behind the popular non-fungible token (NFT) collection Bored Ape Yacht Club, Yuga Labs, addressed the rumors around the alleged connection with racist and Nazi affiliation. The company denied the rumors and called them “crazy disinformation” and “bullshit”. Related Reading | Ethereum Hashrate Plunges Over 10% As Mining Profitability Drops The company claims it has […]

Bitcoin Crypto News

Top 5 Cryptos Taking A Major Beating In The Ongoing Market Mayhem

The Top 5 cryptos featured in this article today are taking a heavy blow in the ongoing market pandemonium. Led by Bitcoin and Ethereum – two of the biggest cryptocurrencies in terms of market cap – these five cryptos have been hogging the headlines of late. Investors now wonder when a recovery will occur, as losses continue to mount, sending jitters across the broader crypto space and dampening investor spirit. Here’s a quick look at the Top 5 cryptocurrencies and how much they’ve lost so far: 1 – Bitcoin (BTC) Bitcoin takes the spot of the Top 5 cryptos with the most losses. Bitcoin is the largest and most popular cryptocurrency in the world. In November of last year, BTC surpassed a market capitalization of $1.27 trillion when one unit reached a price of $69,000, an all-time high. As of this writing, the price of Bitcoin hovers around $20,000. This year, it has lost 57.23 percent of its value. Bitcoin maintained $20,000 for another day on Thursday, despite calls for a 20 percent decline. Bitcoin has lost 57.23 percent of its value. Image: Coingape. 2 – Ether (ETH) Ether (ETH) – at No. 2 on this list – dropped below $1,000 for the first time this month after its value soared 386 percent in the previous year, reaching a record high of $4,812 in November 2021. ETH, the second largest cryptocurrency in the world with a market capitalization of $134 billion, has lost 70 percent of its value since the beginning of the year as of June 23. This year, Ether has experienced the same fate as Bitcoin and many other cryptocurrencies, bringing its price to its lowest level since January 2021. Suggested Reading | Cosmos (ATOM) Price Swells 12% – Can It Breach Resistance? 3 – Solana (SOL) Solana has lost 78 percent of its value this year, trading at $36.28 as of Thursday, a far cry from its November 2021 all-time high of $258. Solana (SOL) is the ninth largest cryptocurrency by market capitalization, at $12.46 billion. In the past 24 hours, SOL has lost 0.51 percent of its market capitalization. The intraday trading session has witnessed a 9.30 percent decline in trade volume. Crypto total market cap at $932 billion on the daily chart | Source: TradingView.com 4 – Terra (LUNA) On April 4, Luna reached an all-time high of $116, with a market capitalization of more than $40 billion. During the period between May 4 and 12, the price of the token plummeted from $86 to $0.0041. Do Kwon, co-founder of Terraform Labs, told the Wall Street Journal this week that he lost nearly all of his wealth in the market fall. As of Thursday, LUNA is currently valued at $0.00005682 and has been renamed Terra Classic. Suggested Reading | Stepn GST Token Slides 97% – Despite Fitness App Having 3M Users 5 – TerraUSD Last month, TerraUSD slipped below the US dollar, and attempts to return it to its $1 peg failed. It depreciated to $0.69 before entering what is known as a “death spiral” and lost all value. LUNA is now within the five decimal points adjacent to zero. Bloomberg reported on June 9 that the U.S. Securities and Exchange Commission is examining whether the marketing of TerraUSD prior to its collapse violated federal investor protection requirements. Featured image from Analytics Insight, chart from TradingView.com

Bitcoin

Solana To Launch Crypto Smartphone, Says “Time To Go Mobile”

Solana Labs Co-Founder Anatoly Yakovenko announced a suite of products aimed at harvesting crypto’s potential to integrate with smartphones. According to an official post, the digital assets industry and this network have grown and support millions of users, but apparently, they rely on desktop applications. Related Reading | Bitcoin Trading Volume Nears One-Year Highs As Volatile […]