Crypto Guides, Knowledge & Insights

NFTs, DAOs and the importance of roadmaps

A deep dive into the worlds of nonfungible tokens and decentralized autonomous organizations, and how they can benefit from each other.　　this JPEG can have sex with this JPEG and make a new baby JPEG？ Say what？“ When CryptoPunks started out in 2017, they seemed silly to many. They were just 128 X 128 pixels. Who cares about that？ They werent really cool until Gary Vee had a mastermind call with influencers and said, ”Crypto Punks are going to be huge, go get a bunch of them. They went in and cornered the market and raised the prices.　　Bored Apes was right around the same time as Gary was launching his project. They got big influencers together and said, “Lets get these.” And so they all bought those, the prices rose over time. At one time, these cost 2 Ether (ETH). That was a lot back then! Now the floor is like 80 ETH. All these NFTs — CryptoKitties, CryptoPunks and Bored Apes — made big bucks.　　Related: Which NFT collection has been the most profitable？　　When I chatted with Gary early on in 2021 when he was thinking about NFTs, we discussed launching on Wax, which is a blockchain specifically for NFTs. It‘s

2022-05-01Deep Dive

Ethereum price analysis: ETH fails to break lower, return above $2,850 next?

The market has seen more downside tests over the last 24 hours. The leader, Bitcoin, lost 1.51 percent, while Ethereum by 1.56 percent. The rest of the top altcoins declined even further.Ethereum price movement in the last 24 hours: Ethereum rejects downside twice, looks to reverse　　ETH/USD traded in a range of $2,782.11 to $2,857.57, indicating a moderate amount of volatility over the last 24 hours. Trading volume has declined by 22.46 percent, totaling $14.63 billion, while the total market cap trades at $337.66 billion, resulting in a dominance of 19.43 percent.ETH/USD 4-hour chart: ETH still respects $2,775 support　　On the 4-hour chart, we can see another brief spike lower over the past hours being stopped at the $2,775 support, likely meaning that more upside will follow soon.　　ETH/USD 4-hour chart. Source: TradingView　　Ethereum price action has seen further series of lower highs set over the past week. The last one peaked at $2,980 before further decline started.　　However, further lows could not be reached as the $2,775 offered strong support. Late yesterday another attempt to move lower was quickly rejected, leading to a slight reaction higher.　　After some consolidation this morning, another brief spike to the support followed earlier today. Rejection for downside was seen

2022-05-01Deep Dive

Solving the ‘Sunrise Issue’ is the key to unlocking crypto mass adoption

Regulation will touch every person in every jurisdiction worldwide; crypto must find ways to preserve its decentralization and privacy.　　We have all been there. You see something, hear something, or feel something, and want to share that feeling or observation with someone else. Do you pick up the phone？ Send over a text？ Record a voice note？　　Humans thrive in our shared experiences: a captivating concert, the winning goal of a sports match, waking up to watch the sunrise. Theres something fulfilling about having an experience and being able to share it with someone in real time. And due to technology, we can do that, even if another person, call them our counterpart, is halfway across the world.　　So why wouldnt we expect the same level of seamless communication and collaboration across an industry built around that very idea — total interconnectivity and a global reach？ Crypto was built to democratize access to finance, community and technology. And yet, in the current regulatory climate, as government agencies tighten their grasp on how customers transact via the Coinbases and Binances of the world, we are experiencing growing delays amid rapidly expanding sanctions that are causing a major break into cryptos connectivity.　　As a result, crypto

2022-04-30Deep Dive

Binance blocks crypto accounts of relatives tied to the Russian government

Binance blocked the account of the Kremlin spokesmans daughter when she tried to use the exchange following the economic sanctions imposed upon Russia.　　The Binance cryptocurrency exchange is adopting more measures to prevent the Russian government from mitigating the impact of sanctions through the use of crypto.　　Binance has shut down several accounts tied to relatives of senior Kremlin officials over the past two months since Russia began military action in Ukraine, Bloomberg reported on Thursday.　　According to the report, the affected persons included Elizaveta Peskova, the daughter of Russian President Vladimir Putins spokesman, Dmitry Peskov, and Polina Kovaleva, the stepdaughter of foreign minister Sergei Lavrov. Binance said it had also blocked Kirill Malofeyev, the son of Konstantin Malofeyev, a Russian oligarch who was previously charged with violating sanctions from the United States.　　“Proud to be a part of this team that makes a real difference,” Binance‘s newly appointed global head of sanctions, Chagri Poyraz, wrote on his LinkedIn page on Binance’s latest measures.　　Poyraz said that Binance blocked Peskova on March 3, when she tried to use the exchange through a third-party brokerage. She was then sanctioned by the United States Treasury Department on March 11 as part of sanctions against “Kremlin elites, leaders,

2022-04-30Deep Dive

THE US DOLLAR IS SOARING WHILE THE GDP CONTRACTS

REVISITING THE DOLLAR BITCOIN RELATIONSHIP　　In more recent issues, we‘ve highlighted that over the last few months, bitcoin’s price has been a function of larger macroeconomic conditions of rising yields and credit unwinding leading to increased equity market volatility and rising U.S. dollar strength.　　As of late, the Dollar Currency Index (DXY) which tracks the relative strength of the U.S. dollar measured against other key global currencies, is hitting new 20-year highs as major currencies like the euro, Japanese yen and British pound continue to weaken. The latest rise comes as the Bank of Japan triples down on their yield curve control efforts, purchasing an unlimited amount of 10-year bonds every business day to cap yields at 0.25%. 　　DXY strength compared to other weakening currencies　　So what does a rising DXY mean for bitcoin and other assets？ Even with the dollar devaluing against real goods, services and financial assets, all debtors are forced to sell USD-denominated assets to cover liabilities during deleveraging events.　　Today, we also get the latest U.S. Q1 2022 gross domestic product (GDP) data showing that the economy contracted by 1.4% compared to 1.1% expansion consensus. The growth deterioration across major global economies that will usher in a market regime shift

2022-04-30Deep Dive

Former Google CEO Eric Schmidt Starts Investing in Cryptocurrency

Ex-Google Chief Eric Schmidt Discusses Crypto Investing and Web3　　Former Google CEO and Chairman Eric Schmidt talked about cryptocurrency investing and Web3 in an interview with CNBC, published Thursday.　　Schmidt served as the CEO of Google from 2001 to 2011. He stayed on as executive chairman until 2017 and technical advisor until 2020. His net worth is currently $22.8 billion according to the Bloomberg Billionaire Index.　　Regarding his own crypto investment, he revealed that he has invested “a little bit” of money into cryptocurrency, without naming any coins specifically. He further clarified that hes just getting started investing in crypto.　　The 67-year-old explained that for him, the most interesting part of blockchain is Web3. He opined:　　A new model where you as an individual control your identity, and where you don‘t have a centralized manager, is very powerful. It’s very seductive and its very decentralized.　　“I remember that feeling when I was 25 that decentralized would be everything,” he added.　　The former Google executive noted that if he were starting out today as a software engineer, he would want to work on AI algorithms or Web3.　　Schmidt clarified that his interest in Web3 involves “tokenomics,” which concerns the specific supply and demand characteristics of cryptocurrencies.　　Noting that Web3 could

2022-04-30Deep Dive

ApeCoin reaches new high as Otherside launch looms

ApeCoin price continues to soar to new highs despite the generally mixed performance of the overall crypto market.　　The Bored Ape affiliated token reached a new all-time high of over $26.7 on April 28 on the back of the announcement of the upcoming Otherside land auction.The Otherside is coming　　The Otherside is a metaverse project by Yuga Labs, the company behind the Bored Ape NFTs. The land auction will start on April 30, with 100,000 plots available for minting.　　According to the announcement, only KYC-approved wallets could participate in the auction. It also stated that the price of an “Otherdeed NFT will be a flat price of 305 ApeCoin” and it would be limited to “of 2 NFTs per wallet at the start of the sale.”　　According to its announcement, BAYC and MAYC holders will be able to claim an NFT within 21 days of the auction.　　You don’t need to be KYC-approved to claim, but you DO need to be KYC-approved to mint in the auction.　　The developers have also worked to allay the fears that using ApeCoin to buy land will give the developers and corporate brands more voting power in the ApeCoin ecosystem.　　Any ApeCoin earned from the auction would be locked up for

2022-04-30Deep Dive

EU traditional banking interest in crypto is going mainstream

Swiss crypto company Taurus is providing infrastructure and custodial services for the French bank Banque Delubac & Cie. The bank has recently been granted the status of Digital Asset Service Provider (DASP). It can now offer digital asset services to its customers. The CEO of Taurus, Lamine Brahimi, said, “the demand now is getting mainstream.”　　The move comes from clearer guidance in the regulatory framework for crypto coming in as the Markets In Crypto Assets act, currently being finalized in the European Parliament. MEP Ondrej Kovarik, a supporting rapporteur for MICA, told us directly that,　　“MICA is intended to ensure a common approach across the single market, addressing the new risks that crypto-assets pose, ensuring predictability and harmonization… and at the same time, lay dawn an innovation-friendly framework that is not an obstacle to potential changes in the marketplace, allowing for innovation in the sector, making the EU an attractive jurisdiction.”　　MICA puts into law many definitions and frameworks for the treatment of digital assets that currently lie outside of existing legislation. At the eleventh hour, a controversial amendment to ban proof of work mining was thrown out of the MICA act.　　The resulting legislation has been widely praised, and European companies are already

2022-04-30Deep Dive

3 reasons why Dogecoin price can now gain 50% by September

Falling wedge breakout in play　　Dogecoin has been painting a “falling wedge” pattern on its longer-timeframe charts since May 2021, hinting at the potential for a bullish reversal in the coming months.　　Falling wedges appear when the price trends lower inside a range defined by two descending, converging trendlines. Their occurrence coincides with declining trade volumes, suggesting that trading activity slowed down due to the narrowing price range.　　A break of the wedge to the upside, coupled with a rise in trading volumes, suggests the asset is breaking out. As a rule of technical analysis, a falling wedge breakout can push the price upward by as much as the maximum distance between the structures upper and lower trendline.　　Applying the classic theory to Dogecoin suggests that it would rise toward $0.40 if the breakout occurs near the $0.14 level, or about 190% above todays price.　　At its worst, the falling wedge breakout could have DOGEs price rally a little over 50% to $0.21, given its breakout point comes to be near the apex around $0.75.Elon Musk‘s Twitter acquisition　　Earlier this week, Twitter announced that it had accepted Elon Musk’s bid to buy its social media platform for $4 billion. Dogecoin‘s price reacted bullishly to the possibility

2022-04-30Deep Dive

Ethereum price set for 15% gains over the weekend

Ethereum price sees bulls building momentum for an attack on $3,500.　　ETH price takes a small step back with $2,900 as a support level before jumping higher.　　As the weekend begins, ETH bulls will use the drop in headlines and earnings as an open window for a leg higher.　　Ethereum (ETH) price is set to jump over the weekend despite the brake worried investors have put on price action in the past week. Although trading volume has been more significant over the past week and should thus come with more solid movements, price reaction has been distorted by geopolitical headlines, earnings, and whipsaw moves in stock markets. All those headline risks are starting to fade into the weekend, resulting in a probable jump higher in prices as bulls use the flatlining Relative Strength Index (RSI) to seize control and ramp price up to $3,500 by Sunday.ETH price set to wipe to the floor with bears　　Ethereum price has given investors and traders a wearing week with big whipsaw moves on the back of earnings, geopolitical headlines and investors switching from risk-on to risk-off as if they were flipping a light switch. But with volatility comes opportunity, and as all these events will start to

2022-04-29Deep Dive

...

259261

...

736