Category: Cryptocurrency News

Fractional NFTs enable users to divide an NFT into multiple fractions, reducing the barrier to entry for investing in real-world assets.

I'm missing something here. What is stopping someone from simply copying the smart contract used to make human-readable domains on ethereum and making their own domain tied to their address? I know Unstoppable Domains blocks users from taking big brand name domains. Couldn't someone just bypass that by using the smart contract themselves? Additionally, (I…
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NFT lottery is a new way of getting crypto assets for people and earnings for token holders. NFT lotteries operate similarly to traditional lotteries in that participants can buy tickets and wait for the lottery draws to start. The prize winners will then be chosen randomly from a pool of numbers by the provider, according…
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Hello, I'm searching for a product that I could use to manage ETH wallets as an API, here are my needs: Create wallet from my back-end Sign tx from wallet Does something like this exists ? submitted by /u/OogieFrenchieBoogie [link] [comments]

Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million.

Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said.

Recently, the crypto market has gotten into a tight tunnel as prices keep decreasing. Most crypto assets are moving to the south with little or no break. The bears are becoming too intense, and tension keeps increasing in the market. The fluctuations have triggered the leading crypto exchange Binance, to pursue sustainability. This new action came after the exchange announced its intent to acquire the FTX to ease its liquidity issues. Related Reading: These Solana Numbers May Scare Off SOL Investors – Here’s Why The CEO of Binance, Changpeng Zhao (CZ), has actively noted the events in the Binance-FTX drama. Also, he took to Twitter to disclose some points regarding the drama. In a tweet today, CZ revealed that his firm made more funding on its insurance backing. According to the post, Binance increased its Security Asset Fund for Users (SAFU) to $1 billion equivalent. CZ reported that the move ensures the network’s safety against the market’s recent price fluctuation. In addition, the aim is to protect users by ensuring continuing operations regardless of market trends. Details Of Binance’s SAFU Further, the Binance CEO mentioned the detail of the two reserve accounts and their links. One of the accounts holds Binance Coin (BNB) token and the Binance stablecoin (BUSD) worth about $700 million. The second account comprises Bitcoin (BTC) tokens worth about $300 million. Reacting to the Twitter post, some people from the crypto community made their positions known to the CEO. Some applauded his initiative and unique leadership vision for the network’s security. One of the users mentioned that all crypto companies should emulate Binance to have a Security Asset Fund for Users (SAFU). However, some still question the fund’s reserve cap adequacy for users. In 2018, the Binance SAFU kicked off with a fund dedicated to backing up user holdings in critical situations. Further, the firm allocated 10% of the trading fee to the fund. Gradually, the fund kept growing and hit $1 billion for the first time in February this year. CZ Maintains Transparency In The Crypto Firm The CEO of Binance has maintained a transparent position in handling almost all the firm’s events. CZ stated that the company would deploy a system of Proof-of-Reserve using Merkle Trees. The aim is to achieve full transparency with the community. In addition, Merkle Trees enable the encoding of blockchain data through a more secure and efficient method. Related Reading: Crypto Market Liquidations Reach $830 Million, When Will It Stop Bleeding? Hence, reactions on the sufficiency of Binance’s SAFU are emerging after CZ tweeted on the use of Proof-of-Reserve the previous day. The CEO mentioned that the mechanism would provide detailed information on liquidity for the network. featured Image From Pixabay, Charts From Tradingview

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 BNB’s price loses its $340 support as the price trades to a region of $290 before bouncing off this region.   BNB’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.  BNB’s price remains weak across all timeframes as the price trades slightly above the 50 Exponential Moving Average (EMA). Previous weeks saw the price of Binance Coin (BNB) outperform Bitcoin (BTC). Most altcoins trend higher as many produced gains of over 200%, including Binance Coin (BNB) rallying from a region of $300 to a high of $390, with many hoping the price of BNB would pull off a good price action to a region of $450. Still, these expectations were cut short by the uncertainty surrounding the crypto market. BNB’s price is looking strong, with many questions about how long bulls will defend this region with the current market issue between Binance and FTX, creating a fear of uncertainty and doubt for most traders and investors. (Data from Binance) Related Reading: These Solana Numbers May Scare Off SOL Investors – Here’s Why Binance Coin (BNB) Price Analysis On The Weekly Chart The previous week saw many altcoins produced over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope is returning to the crypto space. The new week has yet to look like the previous as the week has looked choked with FUD news leading to many altcoins being affected negatively in price as major coins have been struggling to stay afloat from what looks like a crypto purge. Still, the price of BNB has continued to look strong after breaking below its weekly high of $350, which has served as support after flipping the price, acting as a supply zone initially. The support formed at $300 has proven to be key to holding off the price from sell-offs. The price of BNB retesting the support at $300-$290 is not good for the market as this would weaken this region for bears to push the price lower.  The price of BNB needs to rally off this region to look safe and avoid dropping below its weekly lows, as this would affect the general market sentiment.  Weekly resistance for the price of BNB – $350. Weekly support for the price of BNB – $300-$290. Price Analysis Of BNB On The Daily (1D) Chart The price of BNB remains considerably strong in the daily timeframe as the price trades above $290 support, holding off the price from trending lower after retesting this region on previous times, bouncing off to begin a rally to a region of $350.  BNB’s price closed above $290 on the daily timeframe indicating there are more chances of BNB trending upwards to a region of $350 as the market continues to recover in the coming days.  The price of BNB needs to rally to a region of $350 for the price to remain safe temporarily, leading to a relief rally. If the price of $300-$290 fails to hold bears, we could see the price going down to $250-$200. Daily resistance for the BNB price – $350. Daily support for the BNB price – $290. Related Reading: Crypto Market Liquidations Reach $830 Million, When Will It Stop Bleeding? Featured Image From zipmex, Charts From Tradingview