A decentralized blockchain network called Cardano uses its own cryptocurrency, called ADA, to conduct business. Due to its distinctive design and emphasis on scientific rigor, Cardano has grown a sizable following since its debut in 2017. Concerns have been voiced about the effect of inflation on Cardano's value, as well as whether it has been impacted. We will examine the past, present, and potential of the ADA in this piece, as well as how inflation has affected it. Read more...

Oscar winning actor Anthony HopkinsThe first non-fungible token (NFT) art collection on the OpenC Marketplace sold out in seven minutes.

collection title”Eternal Collection” There is an array of more than 1,000 artworks inspired by Hopkins’ career in Hollywood.

The NFT Collection is a rich and intimate exploration of the many facets of Hopkins’ artistic virtuosity.

According to OpenSci, the art pieces with names such as “The Eternal,” “The Jester” and “The Lover” reflect the concept of the giant character Hopkins portrayed over his illustrious film career.

The Digital NFT series will also feature a special event for collectors, allowing them to connect with one of Hollywood’s greatest icons.

Last year, Hopkins landed a starring role in the 2021 thriller “Zero Contact,” which was released via NFT platform Vuele to mixed reviews.

Over the years, many Hollywood actors have joined the NFT market and taken advantage of it.

Last week, Hollywood actors Scott Eastwood turns to the world of NFTs in partnership with pastel network,

Eastwood will launch its Ethereum ETH/USD-based NFTs using Pestel’s Smartmint tool. There will be three monthly NFT drops in October, November and December.

Recently, rapper Snoop Dogg and the Food Fighters Universe announced the launch of an “immersive retail desert experience”. Bored Ape Yacht Club NFT.

earlier this year, the mother of jesus Collaborated with famous NFT artist beeple To launch the three-video NFT archive. In March, he bought his Bored Ape Yacht Club NFT.

Source!

Investing in virtual currency should be on your radar. Bitcoin is the most well-known cryptocurrency, but there are many more. Direct purchases of cryptocurrencies or investments in crypto-focused funds or enterprises are just two examples of how one might become involved in the burgeoning cryptocurrency sector. You can buy the amount of bitcoin you want to invest in by going to a cryptocurrency exchange or working with a cryptocurrency broker.

Bitcoin is a currency alternative in the modern financial system. It might be challenging to include them in your budget. Buying cryptocurrency now may seem less like a trip to Wall Street and more like a journey into the Wild West Continue Read...

Welcome back, everybody, to Cryptoete!. My name's Austin. In today's post, I want to talk about Credit Suisse and its potential collapse. I'll update you on how this may affect the crypto market. We'll talk about the D5 protocols, which specific tokens are pumping and why, and on top of all that, we'll start with the market mover So let's jump in and look at the data Bitcoin's supply continues to shift away from exchanges as traders show signs of being content with their current holdings, with less than 9% of BTC on exchanges for the first time since 2018. So it is a good vote of confidence for the bulls. There is less bitcoin on exchanges. In fact, there is much less bitcoin sitting on exchanges than at our peak last year. For the first time since November 2018, the price peak on bitcoin exchanges fell below 9% in 2021. Of course, you have Bitcoin on exchanges if you intend to sell it eventually, but you take it off exchanges if you intend to hold it bullish. Let's return to this. Let's keep an eye on this. If Credit Suisse collapses, will it bring more volatility to the crypto market? As they describe themselves, Credit Suisse is a leading wealth manager with strong investment banking capabilities. They are one of the main wealth managers globally, yet a few days ago, they were rumoured to be on the brink of collapse. How did this come to our attention? Well, investors started looking at credit default swaps. What are they? Those are effectively bets on whether a debt issuer will survive. This will give you an updated version of what's happening, but just understand that the company's credit default swaps widened to the worst level since two thousand. Here is the chart: Credit Suisse credit default swaps spread at 14-year highs where we are today and haven't seen these levels since September 2008, right before the financial crisis. Credit Suisse and Deutsche Bank are sort of in the same situation. Are they the next Lehman Brothers Let's break down this thread, then I'll play that clip. Well back in the day, Lehman Brothers had 600 billion worth of assets when they crashed and took the economy with them, as opposed to the 2,800 billion of assets that Credit Suisse and Deutsche Bank controlled and assets under management. That's 4.6 times more So, what does that mean for the crypto market and the world? For starters, their stocks are tanking. Yes, we're out of bounds today, but the stocks of both banks have taken an absolute beating in the last year alone, falling by more than 40%. Credit Suisse increased from 983 to 392, while Deutsche Bank decreased from 12 and 30 cents to seven dollars and forty cents. So investors are leaving in droves and, to be fair, in the past year many many many companies' bank stocks were down. We're in a down market, but the information we got in these last few days changed everything. The most recent interest arose due to a story from ABC Australia, which reported ominously that a major international investment bank is on the brink of collapse. Although the reports didn't specify any names, the rumour is that they are referring to Credit Suisse, and why was that the rumour Well, we all then took a look at their CDS's credit default swaps. Credit Suisse's CDs are at the highest level since 2008. The CDS is essentially insurance purchased against a potential default, and the metrics right now are very similar to what they were before the last collapse. However, the unfortunate thing about something like this is that even if there is no underlying issue, a rumour can quickly become a self-fulfilling prophecy as panic and clients begin withdrawing their money. The bank then said Monday that it was still pressing ahead with its review that included potential divestitures and asset sales. So Credit Suisse is pressing ahead and will be divesting some of its assets. Now, obviously, Deutsche Bank is slightly different at the moment. Not much is known about the reasons behind Deutsche Bank's underperformance. Currently, they're trading at approximately 0.3 times Concerns had been raised earlier about their exposure to the derivatives market, but in summation, what this means to you and me Both Credit Suisse and Deutsche Bank are the biggest banks in Switzerland and Germany, respectively, and have a history of more than 150 years. They are also considered to be G sibs, meaning globally systematically important banks, making a bailout likely in the event of any serious issues This is eerily similar to the collapse of Await, and just to give you the full picture, we did get another update from Credit Suisse today. I'll play this 90-second clip. Watch this one here Let's track shares of Credit Suisse here, as we're giving you kind of a world view of some of the different movements that we're seeing today Credit Suisse is up about 3.5 percent this morning after the company's shares briefly fell to an all-time low on Monday, while credit default swaps reached a new high. Credit Suisse executives have been calling clients and investors to reassure them that the company is in good shape and that it is moving to sell assets as part of its new business plan—a new business plan that, of course, must reassure many of its potential clients that it will work. Yeah, I like this new research out by JP Morgan's credit team this morning. They're saying that they would like to see credits pull forward their earnings release. They're supposed to report on October 27th. They would like to see this and this is coming from their credit team. They're really plugged into what you're seeing in the credit default swap markets, but nonetheless, they want to see that pull forward and get a clear action plan on that investment banking division Do they need to create, and I'm sure you remember the term from the financial crisis, a bad bank where they take all the bad assets and hope to syphon them off and stick them out there in the ether somewhere and then just focus on some of their strong assets, but that's the first time I've really heard that brought up since the financial crisis? A bad thing, all right. Give me your thoughts on this down below. I'll keep you updated on the bright side. If I may say so, if there is any bright side to all this, a potential future of decentralised finance is looking brighter and brighter Maker D5 tokens and Chain Link Light of Finance tokens Why not? I would rather trust a decentralised protocol than these major centralised banks that have failed us repeatedly over the last five years. So, first and foremost, why is the chain link up nearly 8% in the last 24 hours? Well, we know that a major integration partnership with Coinbase Cloud, the San Francisco-based crypto exchange API and data service, is now using chain link oracles to provide the most accurate, most decentralised information from off chain, as well as chain link has their new staking service to be launched in December. We've talked about this, we've informed you about this. That's why channelling is pumping. Why is the light of finance shining brightly? The highly popular liquid staking protocol is also enjoying a bullish uptick now. There have been fewer technical updates for the staking project, but following the Ethereum march last month, some of lydo's fundamentals have improved. For instance, since staking Ethereum death, the token that users receive in return for staking Ethan, the platform has moved closer to price parity with Ethereum. So obviously, any improvement like this, however small, does provide more confidence in the underlying project. So that's Lido, but why is Maker Token pumping Maker Token today For those who don't know, Maker is the Unofficial Central Bank for Defy. It's a decentralised stablecoin that is the third largest dollar pegged asset in the crypto market after Circles USDC and Tyler's USDT. This means that there is a lot of trust in this protocol, and the recent rise in Maker's price comes amid several new proposals for the protocol. Winkle Violet, Winkle Violet's cryptocurrency exchange, recently proposed depositing its native GUSD stablecoin with maker Dao for a 1.25 percent yield. Earlier this month, Coinbase made a similar move, offering the D5 platform at 1.5 percent on its USDC holdings. So, as the centralised players like Credit Suisse collapse, the decentralised players are shining more and more as the confidence grows.

Visit [url=https://www.cryptoete.com.ng/search/label/Crypto%20News/]Cryptoete.com.ng![/url] for Cryptocurrency News

The phenomenal adoption of the metaverse by major technology companies like Meta, Microsoft, Amazon, etc. has made it a hot topic of conversation. By the end of 2024, the metaverse could reach a market size of $800 billion, according to a Bloomberg report. The widespread use of technology companies is telling the entire tale. Virtual encounters in a digital version of our universe are the focus of the metaverse. ...Read More》

You've probably heard about the metaverse, that virtual world that's just on the horizon. Some people are predicting that it will eventually replace the internet as we know it. But what is the metaverse, and more importantly, how do you get in on the action?

In this article, we'll take a comprehensive look at the metaverse and everything you need to know to buy land and start building your own virtual world.

Why should you build your own metaverse? There are a few reasons.

First, it gives you complete control over your virtual world. You decide who can join, what they can do, and how the world looks. You're the one in charge.

Second, it's a great way to make money. By creating a world that's open to the public, you can charge people to join, and then charge them for various services and products.

Third, it's a fun way to spend your time. Building your own metaverse is a challenging and rewarding project that can keep you busy for months or even years.

So what are you waiting for? Start building your own metaverse today!

This is crazy; this has been an insane week, so this is going to be a super juicy analysis. Let me explain exactly what's going on in the markets because everything is crashing with bitcoin and ethereum hitting their lowest price levels since the year 2020. Stocks are falling thanks to worries of a recession, the Fed breaking the economy and, of course, the report about losing a million dollars just a couple days ago.

At this rate, we should start renaming 401ks to 201ks. In all seriousness, there are two things that are going up this week that we don't necessarily want: real estate interest rates, which saw their biggest weekly jump since 1987; and, of course, inflation.

Setting another 40-year record high, it was food, shelter, and gas that contributed the most to inflation. The last time our CPI reading was this high was in the year 1982, but here's the kicker. All of this news comes at a time when the market is at its most sensitive point. So let me show you the market data first, and then I'll help break down exactly what's happened. But remember that all the data that we have today is data from last month, so everything we see today is...

Continue Reading:- https://www.cryptoete.com.ng/2022/06/cryptocurrency-crashing-again-thats.html

It has also been a bad week for crypto. According to coin market cap, the crypto market has lost nearly two trillion dollars in market value since last November. city feeling the chill of the crypto winter is Miami. The mayor there has billed the city as the crypto capital of the world. Last August, Miami launched its own digital currency.

But since then it's collapsed and as of tonight it's essentially worthless in Miami. Miami road crypto's bull market is up to an all-time high and is being put to the test during the crash. One of the worst performers of this crumbling crypto market is Miami Coin, the city's namesake cryptocurrency, down about 95 since launching, worth a fraction of a penny this week. Miami's mayor, Francis Suarez, a vocal industry

He even takes his salary in bitcoin. He once talked about this so-called city coin as a potential alternative to taxes. He says while the project did bring a 5 million dollar windfall to Miami, it comes with risks. These technologies are extremely new and so, you know, they're always speculative. So, you know, one of the things I've always said is look, you should never invest money in something that you don't believe in or...

Read More:- https://www.cryptoete.com.ng/2022/06/bitcoin-lost-25-of-its-value-this-week.html

The folks from the coin market have been on a constant search for ideal strategies. To make the most out of the revolutionary fintech business. Whilst mainstream cryptocurrencies have been catching the wind of the traditional money market’s turmoil. Merchants and investors from the business are keen on low-volatile and high return-yielding digital assets.

Successively, the business has been exploring the diversity of the business that have been reacting sensibly to the economic turmoil. Amongst DeFis, DAOs, metaverse, gaming, NFTs have been stealing the majority of the limelight. Consequently, traders and blockchains are now hopping onto the bandwagon of NFTs...

Read More:- https://www.cryptoete.com.ng/2022/01/nfts-vs-cryptos-will-nfts-win-with-3x.html?m=1

XRP, AAVE, And GRT Price Would Correct To Yearly-Low By Weekend! Be Careful If You Are Investing !

The flagship asset recently gathered substantial strength to push the price outside of the crucial resistance zone. But it failed to sustain above $38k, as bears quickly reverted back the price action to $35k on Thursday. Altcoins are no exception to this, turbulent cryptoverse has put XRP, AAVE, and GRT traders at risk, as there are potential threats of correcting to yearly lows.

In addition, the report from the Santiment confirms that the aforementioned tokens have been trading at heavily sunk profit levels. Especially, the exchange inflows, number of transactions, and network growth is still indicating a bearish sign. Hence, traders are expected to be cautious before they are getting into the trade of XRP, AAVE, and GRT...

Read More:- https://www.cryptoete.com.ng/2022/01/prices-for-xrp-aave-and-grt-will.html?m=1

Is This The Crypto Market’s Worst Nightmare? Will BTC Price Plunge To $10K This Quarter?


The crypto market’s turmoil finds no end to its ails, as the asset class continues to remain under the clutches of the bears. Despite the FOMC’s meet not unfolding major setbacks to the economic markets. Meanwhile, traders from the business remain dubious over the industry’s future prospects.

In the interim, a recent bill in Congress gives draconian powers to the treasury, that haunts the crypto business. While the terror of FED’s amendments sails to a later date. Proponents from the business intend to voice against the bill, to help the business from drowning further.

Read More:- https://www.cryptoete.com.ng/2022/01/is-this-worst-nightmare-crypto-market.html?m=1

Will This Drag Bitcoin (BTC) Price Back To $10K This Year? Are We Heading Towards The Burst Of Crypto Bubble?

The world of digital assets has initiated the year on a bearish note. Such that fear and uncertainty have gone rife like wildfire. The crypto town has been widely affected by the wrath of the market cycle and external factors. To an extent that the business has incurred losses tallying to trillions of dollars.

While the industry is yet to retrieve from the losses of the recent market crash. Proponents from the business are expecting another crash, as the FOMC meeting fast approaches the scheduled date. Wherefore, folks from the crypto town are engulfed in fear and uncertainty. In the interim, critics have been criticizing the industry, whilst traders fear catastrophic events...

Read More:- https://www.cryptoete.com.ng/2022/01/when-will-bitcoin-btc-reach-10000-per.html

The crypto space, nowadays, is showcasing extreme volatility with the prices varying with great intensity. It was just a couple of hours before, the Bitcoin price was consolidating strongly above $35,000.
With the fresh plunge, the asset just broke down from the consolidation and is hovering around $33500 levels. No doubt the BTC price is trying to flip the bearish trend with a notable rebound, yet the possibilities continuing with the downtrend hovers...

Read More:- https://www.cryptoete.com.ng/2022/01/in-next-three-to-four-days-bitcoins.html

While the coin market remains in a very volatile state, there have been some significant changes in the price of coins like Polygon (MATIC) and Cardano (ADA). 

According to Coin Bureau, on January 17, 2022, the two projects are set for a wild week, as they are expected to undergo significant upgrades and development. 

Read More:- https://www.cryptoete.com.ng/2022/01/cardano-ada-vs-polygon-matic-which.html?m=1

Bitcoin price continues to plunge, building huge bearish momentum that could drag the price close to the crucial support levels around $40,800. No doubt the selling volume is not accumulated that could drag the price down, but there is no buying volume at all and hence a slight selling could drag the price down.

Currently, the BTC price is sliding down within a descending channel in the short term and below mentioned levels are to be closely monitored.

Read More:- https://www.cryptoete.com.ng/2022/01/bitcoin-ethereum-and-cardano-prices.html?m=1

Bitcoin attempted to reach $44,000 a few hours ago but was halted. The majority of cryptocurrencies are marginally in the green, with Cardano being the largest gainer among the larger-cap ones, up 8%.

According to Real Vision CEO Raoul Pal, five altcoins will perform well this year, with layer-1 altcoins and interoperable blockchains shining brightly.

Pal believes both Bitcoin (BTC) and Ethereum (ETH) serve as “base investments,” each for their own reasons, in a new interview with CoinMarketCap’s Jessica Walker...

Read More:- https://www.cryptoete.com.ng/2022/01/this-years-top-five-altcoins-to-bet-on.html?m=1

Reasons to Expect Big Gains in Sol, LTC, Doge, and MATIC Prices

The global cryptocurrency market capitalization fell 0.12 percent to $2.06 trillion in the last 24 hours, while trading volume fell 27.12 percent to $61.66 billion on January 16.

Guy, the host of the Coin Bureau crypto channel, explains why, despite recent sell-offs, he remains bullish on five key crypto assets.

He informs his 1.87 million YouTube subscribers that the bull market isn’t done and that upcoming crypto milestones could be a spark for a big turnaround...

Read More:- https://www.cryptoete.com.ng/2022/01/reasons-to-expect-big-gains-in-sol-ltc.html?m=1

The market line is floating in a green colour. The overall cryptocurrency market capitalization was $2.05 trillion, with a 0.53 percent growth in the last 24 hours. In addition, the entire crypto market volume was approximately $84.28 billion in the previous 24 hours, although this fell by around 16.66 percent.

As the market traces back, Justin Bennett, a cryptocurrency trader, has revealed his predictions for Bitcoin (BTC), Ethereum (ETH), and two altcoins in the following days and weeks...

Read More:- https://www.cryptoete.com.ng/2022/01/prices-for-btc-eth-cro-and-vet-will.html

7 Reasons the Cryptocurrency Market is Down

Bring up cryptocurrency today, and you are likely to hear that the crypto market is down. People have finally realized that cryptocurrency has no real value -- or so the argument goes.

Without going into the tenuous value of other assets, the fact that crypto isn’t backed by anything is not the real reason for today’s bear market. Instead, the crypto market is facing significant growing pains, coupled with a public opinion crisis. But when cryptocurrency entrepreneurs, investors and regulators address the following nine factors, you can expect a major market shift...

Read More:- https://www.cryptoete.com.ng/2022/01/7-reasons-cryptocurrency-market-is-down.html?m=1

The cryptocurrency market is in a state of flux, making it increasingly impossible to predict the next move. Ethereum is trading at $3.2k, while Bitcoin, the most popular cryptocurrency, is attempting to foresee a continuous growth while trading at $42k. The overall negative pressure is fast building, indicating that a dip is possible in the next few days.

In 2022, Cardano is one of the cryptos with the most potential to disrupt the cryptocurrency market. Cardano has recently witnessed a lot of activity, and it is expected to be one of the most important projects in 2022.

Cardano appears to be in a decent spot, but it will require a lot of bullish momentum and significant purchasing pressure to break through the $1.5 barrier. The ADA price, on the other hand, is expected to rise during the coming week as market sentiment improves slightly...

Read More:- https://www.cryptoete.com.ng/2022/01/cardano-price-to-rally-past-16-50-rally.html

This weekend, the cryptocurrency market continued to recover, with the major coins remaining in the green.BTC is approaching $44K resistance, while ETH is staying around $3.3K. Aave, on the other hand, is leading the race with gains of 9.1%.

The host of the famous channel Coin Bureau examines what the future holds for Aave, a decentralised lending and borrowing technology (AAVE).

Continue Reading:- https://www.cryptoete.com.ng/2022/01/aave-price-to-rally-5x-in-2022-what-can.html

The cryptocurrency market has continued to bounce back this weekend, with the major coins remaining in the green zone.

BTC is heading towards resistance at $44K, ETH is hovering around $3.3K. However, Aave is leading the race with 9.1% gains.

As the market recovers, a $30.6 million cryptocurrency shopping spree was just completed by one mega-whale...

Continue Reading:- https://www.cryptoete.com.ng/2022/01/whale-watch-whales-are-investing-in.html?m=1

The crypto market today is stuck in a sideways trade today. BTC is set to hit support at $42K, ETH hovers around $3.3K. In tandem with the market most altcoins trade in losses. However, defying the trend are alts, as they print significant gains...

Continue Reading :- https://www.cryptoete.com.ng/2022/01/some-of-main-reasons-traders-are.html?m=1

The crypto market has been seeking for a major impetus that could help the space hop onto the bulls. As the business has been dwindling in the midst of corrections. In the interim, veterans from the industry have been speculating the trends to be rhyming from 2017. Successively, Litecoin is now the talk of the town, as the asset gets the ball to its court.

Litecoin has been viewing an increase in whale accumulations off-late, the patterns of which have been the longest since 2017. The network apart from its boast worthy adoptions, acceptance, and developments, welcomes Omnilite. As it opens the doors to the creation and management of tokens. That further helps the network walk into the emerging sector of NFTs...

Continue Reading:- https://www.cryptoete.com.ng/2022/01/forthcoming-alt-season-to-be-led-by.html?m=1

The world of digital coins has been yearning for the commencement of the alt season. Which is currently in the mist, as digital assets have been crab walking on the charts. While the star crypto has been facing the wrath of economic turmoil and regulatory implications. The maestro of altcoins has been taking the brunt of its shortcomings.

The space has been witnessing a spur in protocols which have been emerging as Ethereum killers. Owing to the short-comings in Ethereum’s protocol that include high gas fees, scalability, and transaction times. Meanwhile, maximalists are optimistic of Ethereum reclaiming its glory following the completion of its triple halving. Moreover, investors have been staking funds in ETH 2.0...

Read More:- https://www.cryptoete.com.ng/2022/01/eth-price-to-10k-in-q3-following-triple.html?m=1

Bitcoin and Ethereum turned out to be dreary over the past six months since DeFi tokens have been gaining the majority of the traction. Especially Luna, AVAX, and FTM outperformed the market leaders over the past couple of months with whopping gains in price and TVL.

The aforementioned tokens have also registered significant milestones in recent times. As these tokens have been generating consecutive higher lows, a 25% upswing in the current cycle looks imminent...

Read More:- https://www.cryptoete.com.ng/2022/01/can-institutions-use-defi-besides-btc.html?m=1

The bearish trend is just about to end with the Bitcoin price as the asset is primed to enter a notable uptrend very soon. The crypto space since the past working day is showing some sign of strength with BTC price trading around $43K levels yet again.

No doubt the asset is hovering along the same levels from nearly 3 to 4 days, yet remained unsuccessful to slice above these levels. Woefully, the current attempt to go beyond these levels may be pretty unsuccessful as the sellers still appear stronger than the buyers since the early trading hours...
Continue Reading:- https://www.cryptoete.com.ng/2022/01/its-now-or-never-for-bitcoin-and-its.html

While many other crypto assets are attempting to sustain within the trembled situation, Dogecoin aims at making huge moves in the upcoming days. The popular memecoin yet again proved the necessity of an external factor to range beyond its depleting trend.

But the main contrast with the recent plunge is the asset managed to sustain at the current levels, showcasing a diverse trend...
Continue Reading:- https://www.cryptoete.com.ng/2022/01/dogecoin-doge-breaks-downtrend-expects.html

Over the previous 24 hours, BTC/USD has moved in a range of $42,669.04 – $43,346.69, exhibiting significant volatility. Trading volume has dropped by 41.41 percent to 20.5 billion dollars.

On Wednesday, BTC broke through $44,000, the next resistance level. Retracement began after some consolidation below the barrier, advancing to the $42,000 mark early on Friday.

Further downside was swiftly rebuffed, and the stock ended the day at $43,400. Bitcoin’s price consolidated overnight, with a minor bearish pressure in the morning...
Continue Reading:- https://www.cryptoete.com.ng/2022/01/40k-or-45kwhats-next-for-bitcoin-btc.html

The dominant crypto Bitcoin is making a notable move since the early trading hours and hence the top 2nd crypto,Ethereum, is also intending to undergo a notable rally. Ethereum price after flipping from the crucial support at $3279 is gearing up to test the immediate upper resistance around $3400. Moreover the volume is also in favour of the bulls which inturn indicates the price to get a notable push in the next couple of hours...
Continue Reading:- https://www.cryptoete.com.ng/2022/01/as-bull-bear-power-oscillates-to.html