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Join Our Telegram channel to stay up to date on breaking news coverage The last few weeks haven’t gone very well for NFTs enthusiasts, as the NFT market is witnessing a bearish trend these days. The price of leading NFTs like BAYC and CryptoPunks has gone below $100,000, thereby sending shock waves across the investor community. BAYC is being traded for $93,052, while CryptoPunks can be bought for $101,671. Overall, the NFT market is going down, which makes it important for investors to start exploring different projects. One such project that has attracted the attention of the community is Launchpad, which comes out as a better investment option for NFT enthusiasts. One can literally browse through any metaverse platform and find out different brand experiences with the help of Launchpad. Launchpad will help its users understand and acing the art of the Web3 ecosystem, from detailed analytics and insights to industry sentiment and relevant information. It will allow its ...

According to multiple reports, First Republic Bank is facing significant financial difficulties and could be taken over by the Federal Deposit Insurance Corporation (FDIC) if private sector banks do not intervene. The FDIC has reportedly approached several large commercial banks regarding purchasing First Republic after the bank’s stocks dropped more than 50% on Friday. FDIC Considers Taking Over First Republic Bank as Financial Troubles Deepen, Urges Private Sector to Step In First Republic Bank’s shares were halted multiple times on the New York Stock Exchange this week, with the stock slipping 50% lower on Friday to an intraday low of $2.98 per share. By the end of the Friday trading session, it had fallen over 43% to $3.51 per share. According to sources cited by CNBC, “the most likely outcome for the troubled bank is for the Federal Deposit Insurance Corporation to take it into receivership.” However, the bank is still hoping for an alternative solution t...

PayPal Enables Crypto Transfer For Venmo According to PayPal ’s most recent earnings statement, Venmo — which PayPal acquired in 2013 — completed a total of $245.3 billion in transactions involving fiat currency in 2022 alone. In order to launch the new transfer mechanism, PayPal has formed a strategic partnership with Paxos, a cryptocurrency company that specializes in stablecoins. advertisement Read More: Can Terra’s New USTC Repeg Proposal Bring LUNC Price Back To $1? While speaking about the new development, the firm was quoted as saying: We’re excited to connect Venmo’s customers to the community, other wallets and exchanges, and we intend to continue to roll out additional crypto products and services in the year ahead. Trending Stories Planning To Buy Dip? Top 5 Cryptocurrencies Testing Key Support 24/7 Cryptocurrency News Rising Supply Pressure Traps XRP Price In Narro...

Apr 28, 2023 at 07:30 // Price Author Coin Idol The Ripple (XRP) price was trapped between the moving average lines last week. Long-term forecast for the Ripple price: bearish On April 21, the bearish momentum sank above the $0.44 support or the 50-day line SMA. The asset's price is currently above the 50-day line SMA, but below the 21-day line SMA. Last week, the price movement was determined by the moving average lines. At the time of writing, the price of XRP is at 0.47. The altcoin will perform when the moving average lines are broken. For example, if...

A recent survey made public by the online comparison platform Finder.com has revealed the predictions of 32 professionals in the fields of fintech and cryptocurrency. The specialists have expressed their conviction that ethereum, the second largest digital asset by market capitalization, will culminate at $2,342 per unit by the end of 2023. Optimistic Outlook for Ethereum as Finder Survey Forecasts $5,491 by 2025 and $14,814 by 2030 Crypto and fintech specialists have convened to predict ethereum’s (ETH) future price in the latest Finder’s prediction report. Along with the projected price, the Shapella upgrade has been a topic of discussion among the Finder survey’s respondents. Out of the total number of panelists, 21% expressed their concern over the potential centralization of the Ethereum network following the implementation of Shapella. Furthermore, half of the professionals surveyed anticipated an increase in regulatory scrutiny of the project in light of t...

Bitcoin ordinals took the crypto world by storm, reviving the NFT market and Bitcoin miners from the financial crunch in the bear market. Bitcoin Ordinals was launched this year as a result of the 2021 Bitcoin protocol upgrade “Taproot” to allow a unique digital signature on Bitcoin . advertisement OKX Introduces Bitcoin Ordinals on the Platforms The second-largest crypto exchange by trading volume OKX has upgraded its OKX Wallet and NFT Marketplace, enabling users to view and transfer Bitcoin (BTC) ordinals on the platforms. With the Bitcoin ordinals integration, OKX became the first multi-chain platform to support this capability. OKX Wallet now currently supports BTC taproot addresses on the browser extension, with mobile version coming soon. Customers can import their BTC wallets and view their Bitcoin ordinals through a single wallet, in contrast to managing separately via a Bitcoin-only wallet. “We had to move fast to welcome ...

Join Our Telegram channel to stay up to date on breaking news coverage The largest-ever gaming transaction suffered an unexpected setback when Britain decided to veto Microsoft’s $69 billion acquisition of “Call of Duty” creator Activision Blizzard over concerns that it will stifle competition in cloud gaming. The decision is a significant setback for the American IT giant, which intends to appeal and convince authorities that the merger will increase competition. A Big Blow to Microsoft’s Ambition Britain’s top competition watchdog recently took action to prevent Microsoft from purchasing video game maker Activision Blizzard. According to the UK Competition and Markets Authority (CMA), the purchase raises concerns about competition in the emerging cloud gaming market, which is why it is opposed. The CMA had previously expressed worries about the demise of competition in video game consoles, but this fear was dispelled in a preliminary ruling iss...

Crypto markets are sprouting back in the green, after enduring several gruesome days, following Bitcoin’s retracement from its 11-month high above $31,000. Fear spread across the market, as analysts predicted a possible return to $22,000 while forecasting much bigger declines for altcoins. Meanwhile, Bitcoin price is back above $29,000 on Wednesday despite growing uncertainty in connection to First Republic Bank in the United States. As per the data provided by CoinGecko, BTC climbed to an intraday high of $29,173 earlier in the day before pulling back to trade at $28,970 in the European session. The largest crypto is up nearly 6% in 24 hours after rebounding from critical support strengthened by the 50-day Exponential Moving Average (EMA). On-chain data from Santiment attributes BTC’s rebound to rising social dominance, which often occurs when the market is gripped in euphoria – fear in this case. “With #Bitcoin continuing to stay relatively flat while #alt...

Lookonchain shared in a tweet yesterday that Arbitrum (ARB) air dropped approximately 90.15 million ARB yesterday. It is estimated that the total USD amount for the airdrop is $118 million as per ARB’s price at the time of the airdrop. In the tweet, the blockchain tracking firm shared that these ARB tokens were air dropped to 131 DAO addresses. Ranked number 35 in terms of market cap, ARB printed a 24-hour gain of 4.70% against the US Dollar according to CoinMarketCap. In addition to strengthening against the Dollar, ARB also strengthened against the two crypto market leaders Bitcoin (BTC) and Ethereum (ETH) by 1.16% and 2.65% respectively. As a result, ARB is currently trading at around $1.37. 4-hour chart for ARB/USDT (Source: TradingView) ARB’s price has recovered above the 9 and 20 EMA lines on the altcoin’s 4-hour chart, as at press time. Currently, the crypto’s price is attempting to challenge the key resistance level at around $1.4038. A break above this level w...

Join Our Telegram channel to stay up to date on breaking news coverage OpenAI has attracted a lot of attention after launching ChatGPT in late 2022. Unfortunately, the highly-advanced chatbot also raised a lot of questions. Some technology experts are raising concerns about advanced AI and whether it can be misused to threaten modern systems and potentially society itself. Meanwhile, Germany’s regulators launched an investigation and established the bot’s General Data Protection Regulation (GDPR) compliance. Along the way, they were also interested in researching OpenAI’s privacy practices. OpenAI faces another hurdle in its quest to continue doing business in the European Union, as German authorities have launched an inquiry into the company’s privacy practices and General Data Protection Regulation (GDPR) compliance. #OpenAI #ChatGPT #Germany #GDPR #Europe pic.twitter.com/FZ4Q83Qjqk — Thomascrypto Guy (@Tommy_Roberts13) April 25, 2023 Regul...