52% of Dogecoin Addresses Remain in Profit Despite Recent Price Drop

Dogecoin TradingView

A total of 52% of Dogecoin addresses are “in profit’’ on their investments at a current price of $0.06, according to data from IntoTheBlock. This comes despite the fact that Dogecoin remains down nearly 90% from its May 2021 peak of around $0.73. IntoTheBlock’s In/Out of the Money gives the percentage of addresses that are profiting (in the money), breaking even (at the money), or losing money (out of the money) on their positions at the current price. The In/Out of the Money indicators also look at unrealized profits and…

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Bored Ape NFT Floor Price Falls to $88,155 as ETH’s Value Takes a Battering

Bored Ape NFT

The floor price of major non-fungible tokens has fallen substantially as the crypto winter worsens. This metric illustrates how much the cheapest NFT in a collection currently costs. Data from NFT Price Floor shows the least expensive Bored Ape now costs 78.5 ETH. At current rates, that’s worth just $88,155 — a painful retracement considering all these NFTs have commanded six-figure price tags for the best part of a year. Bored Ape holders have suffered a double whammy. Not only has their value in ETH plunged as the bear market…

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Cryptocurrency Market Wipes Out $2 Trillion in Value Since November Peak

Bitcoin 2022 Conference

The cryptocurrency industry has wiped out about $2 trillion in value since hitting a $2.9 trillion peak in November 2021. All of the major digital tokens are deep in the red this year. Bitcoin has slumped more than 53 percent to around $22,000. Ethereum has lost 68 percent to about $1,200. Cardano has plunged 65 percent to below 50 cents. Dogecoin has collapsed 68 percent to roughly a nickel. Litecoin has cratered nearly 70 percent to under $50. Bitcoin and its crypto peers could be leading the financial markets lower,…

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Madonna teams up with Beeple on new exclusive NFT collection

Madonna Beeple NFT collection

In March 2021, Beeple made headlines after his NFT collection sold for a whopping $69.3 million. While it may seem like the digital artist went silent after the phenomenal sale, Beeple has actually been working behind the scenes on a number of new collections, including a new project with Madonna. Beeple and pop singer Madonna have been working on a new NFT project called “Mother of Creation.” The collection, which will be live in 24 hours, has been in the works for one year. Mother of Creation showcases three distinct…

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Coinbase is planning to purchase crypto exchange BtcTurk in $3.2B deal

BtcTurk

Major United States-based cryptocurrency exchange Coinbase is reportedly planning to purchase BtcTurk for $3.2 billion. According to Turkish tech media outlet Webrazzi, which cited a Thursday report from Mergermarket, the two exchanges negotiated a price based on the market behavior of the Turkish lira and Bitcoin (BTC), arriving at roughly $3.2 billion. One or both of the two firms have reportedly already signed a term sheet. The potential acquisition would follow Coinbase CEO Brian Armstrong announcing plans to expand to every country in which the exchange can legally operate. Cointelegraph…

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Ethereum Foundation treasury expands non-crypto assets to 19%

The Ethereum Foundation’s treasury as of April 2022

The Ethereum Foundation (EF) has released a report detailing how its $1.6 billion treasury consists mostly of Ether (ETH), but with a surprising 18.8% in non-crypto assets. In total, the EF non-profit organization which manages the funds for Ethereum developments holds about 0.3% of the current total ETH supply, amounting to roughly $1.3 billion which is verifiable on Etherscan. However, its non-crypto holdings account for a sizable $302 million share. The April 2022 report is the first issued by the Foundation to outline what it holds in the treasury and…

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Indian crypto exchanges’ volume plunges as 30% tax goes into effect

decline Indian crypto exchanges

Payment services providers have also cut ties with major crypto exchanges despite having the same rate for gambling and fantasy sports platforms. Fresh data on Indian crypto exchanges’ trading volume reveals a significant decline in trading practices among Indians just ten days after the tax rule implementation. India’s new 30% crypto tax rule came into effect on April 1, despite many stakeholders and exchange operators warning against its ill effects. A research data report shared by Indian blockchain analytic firm Crebaco with Cointelegraph shows that trading volume on top Indian…

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How to Connect OpenSea to MetaMask

OpenSea Metamask

OpenSea NFT is the largest non-fungible token (NFT) marketplace in the world that supports Ethereum and Polygon blockchains. Often called the eBay of NFTs, OpenSea allows you to create and sell your own NFTs on their decentralized platform as well as discover new ones to add to your collection. Founded in 2017, OpenSea typically handles between $30M to $100M a day in volume. You may be confused about what exactly an NFT is in the first place. NFTs are digitally unique files that memorialize art, video, objects, documents, and other…

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Company auctions 1-of-1 Topps 1952 Mickey Mantle Card NFT in what may be the highest valued sports NFT to date

MICKEY MANTLE 1952 BASEBALL CARD NFT

History was made when the Topps trading card of American baseball player Mickey Mantle sold for $5.2 million. Setting a new standard for rare collectibles, traditional collectors quickly realized that this industry is far different from the days of older generations, with larger-ticket sales now commonplace. Now, the world is quickly shifting into a digital era, meaning physical assets that once held millions in value are making their way to the virtual world through nonfungible tokens (NFTs). The result is that NFTs are now being offered as the next generation…

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Binance invests $200M in Forbes to boost consumer knowledge on Bitcoin

Binance Forbes

Binance, the world’s largest cryptocurrency exchange by trading volumes, is making a strategic investment in the 104-year old magazine Forbes to improve consumer understanding of cryptocurrencies and blockchain. Forbes and Magnum Opus Acquisition Limited, a publicly-traded special purpose acquisition company (SPAC), officially announced Thursday securing a $200 million strategic investment from Binance. Forbes previously announced plans to go public through a business combination with Magnum Opus in August 2021, with the deal expected to close in Q1 of 2022. Binance’s strategic investment will be through Binance’s assumption of subscription agreements…

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2.5 Billion SHIB Burned Since Dec. 1

Shiba Inu

According to data provided by the @worldofao Twitter account, since Dec. 1, various members of the SHIB Army have removed two and a half billion SHIB tokens from circulation. Almost half a million of that astounding amount was destroyed last week. Every time large amounts of SHIB are burned, the community expects the token to begin rising in price. Another huge factor that is expected to push the SHIB price up is its potential listing on Robinhood. However, the popular trading app has not confirmed the listing rumors, and the…

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Coinbase announces support for hardware wallets, starting with Ledger

Coinbase mobile app Buy BTC, Ethereum, SHIB, Bitcoin Cash

Major exchange Coinbase has announced it will begin to support crypto hardware wallets, starting with Ledger. The two companies made the announcement at the Ledger Open conference, which is taking place in Paris on Thursday and Friday. Ledger is a major supplier of cold hardware wallets, which store users’ private keys more securely than hot online wallets. Users of the Coinbase Wallet browser extension will be able to connect their Ledger hardware wallets, maintaining self-custody and full control over their assets. The partnership will be rolled out in phases, starting…

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Sandbox Metaverse Alpha to launch Nov. 29 after four years in development

Exclusive Alpha NFTs

SAND prices have surged to a new all-time high as The Sandbox announces its highly anticipated play-to-earn metaverse event. Animoca Brands’ virtual property and gaming firm The Sandbox is opening up part of its metaverse to players for the first time via a multi-week play-to-earn (P2E) Alpha event. But only a handful of lucky players will get to enjoy the full experience. The Sandbox’s virtual gaming world enables users to monetize their time spent in the metaverse via a play-to-earn model. Players can purchase land and create nonfungible tokens (NFT)…

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Twitter, Discord to support Solana NFT gallery ‘embed’ with Audius Web 3.0

Audius NFT

New “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. California-based music streaming platform Audius released a new function that allows artists and fans to embed nonfungible tokens (NFT) on various blogs and social media platforms such as Twitter and Discord. The “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. To enable the feature, artists need to connect their Audius accounts with Phantom wallet, a crypto wallet centered around the Solana ecosystem. Aiming to increase…

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Binance issues 10 fundamental rights for crypto users

Binance boss Changpeng Zhao

Binance, one of the world’s leading cryptocurrency exchanges, announced its 10 Fundamental Rights for cryptocurrency users, which the largest cryptocurrency platform by volume, touts that it can serve as a guiding hand in regulatory discussions and can help with the development of global frameworks for crypto markets. These fundamental rights according to Binance are “meant to ensure safe access to emerging technologies, liquidity, and secure platforms among other steps to ‘protect users without limiting growth and innovation.” In an interview with Bloomberg, Binance boss Changpeng Zhao explained that the 10…

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