Union Bank launches Bitcoin and Ethereum trading for retail customers in Philippines - cyptoranking.com

2024-05-03

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"ETH’s underperformance is likely due to the ongoing impact of the bear market, which historically has seen traders turn to BTC, the oldest and largest crypto asset. ETH spot trade volume has also stayed mostly flat over the past two months, only spiking above $2bn a handful of times," Kaiko's research team said in a weekly note to subscribers on Monday. The chart illustrates that this metric had been trending upward along with Bitcoin’s recent surge, indicating increased buying activity among American investors. However, the rapid decline in this metric suggests that US investors played a significant role in the recent market downturn. If this trend continues and the metric drops below 0, it could signal further declines in the market in the coming weeks. Union Bank launches Bitcoin and Ethereum trading for retail customers in PhilippinesSAGE Labs saw 1,442 active players on Sunday, each making roughly 1,590 transactions apiece. That’s a staggeringly high number of transactions for one player—but it’s because of how the game was designed. Advanced Ethereum layer-2 scaling solution zkSync Era uses ZK-rollup technology. This unique solution enhances transaction efficiency, cost-efficiency, and security, overcoming significant blockchain technology challenges.

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A successful break above this area would pave the way for the price to rise towards the $0.9 level once again. On the other hand, a rejection could have severe consequences, potentially causing the market to drop to the $0.4 level or even lower. Insightic is an established company that builds tools to assess and monitor Web3 projects to reduce costs and streamline decision-making. The core mission of the leadership is to harness AI capabilities to provide compliance solutions tailored to the digital asset industry. How to Mine Cryptocurrency with Raspberry PiNew Crypto Tax Guidelines in United States The team watched accounts getting drained in real-time before Gary Wang, an FTX co-founder who is currently facing allegations of fraud alongside Bankman-Fried, was able to access some wallets and started to transfer funds out.

— Inner City Press (@innercitypress) October 10, 2023 In this week’s newsletter, read about how a nonfungible token (NFT) artist raised money to support a cancer charity and why payments platform PayPal has filed a patent application for an NFT marketplace. Check out Meta’s new photorealistic metaverse avatars and, in other news, learn why Neal Stephenson’s metaverse blockchain project remains optimistic despite waning interest.NFT artist raises $140,000 for cancer support charityNFT artist Trevor Jones donated almost $140,000 to Maggie’s Edinburgh — an organization dedicated to cancer treatments — after raising funds from a Web3 event in France. The amount raised from the event will help 4,000 patients affected by cancer and those who need critical support. According to Maggie’s Edinburgh, the funds raised by Jones will be the highest single donation from an art event in the organization’s history. The money collected will support services for cancer patients and their families.Continue readingPayPal applies for NFT marketplace patent for on- or off-chain asset tradingPayment platform PayPal filed a patent application for an NFT transfer and purchase system. The patent application was filed at the United States Patent and Trademark Office in March and was made available publicly in September. The patent described a system that lets users buy and sell NFTs through a service provider. While the provider was not mentioned, the document did mention Ethereum, suggesting that it may be based in the network. Continue readingThe metaverse is real: Zuck’s “incredible” photorealistic tech wows Crypto TwitterAs critics continue to declare the metaverse dead, Meta CEO Mark Zuckerberg showcased the company’s developments in the space in a podcast using photorealistic avatars in the metaverse. Using Meta’s Quest 3 headsets and noise-canceling headphones, Zuckerberg and podcast host Lex Fridman engaged in an hour-long interview using metaverse avatars. The improvements got the attention of Crypto Twitter, with some comparing previous iterations of Zuckerberg’s metaverse with the present one, saying the “metaverse has upgraded.”Continue readingNeal Stephenson’s blockchain project holds discovery month as metaverse hype wanesMetaverse blockchain project Lamina1 is holding an event called the Open Metaverse Discovery Month to let builders and creators experience the metaverse. The company believes that despite the lower interest in the metaverse, the concept will live as long as people are willing to spend time and money on it. According to Lamina1 CEO Rebecca Barkin, the project was able to attract 50,000 builders despite the crypto winter and people writing eulogies for the metaverse. The executive remains optimistic that its founder, Neal Stephenson’s vision of the metaverse will challenge corporate greed and give more autonomy to creators. Continue readingCHECK OUT COINTELEGRAPH’S NFT STEEZ PODCASTThanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.DAOs can help scientists find funding and community, says Nature science journal Is it worth buying $100 dollars of Ethereum?This sideways consolidation is confined between the $1.5K support and the notable $1.7K resistance. Therefore, the most likely scenario for Ethereum in the mid-term is a sideways consolidation until the price breaks out of this static range. The direction of Ethereum’s upcoming trend heavily depends on the direction of the breakout. BoredApeYachtClub (BAYC) is the leading NFT collection as per estimated market capitalization.

Meanwhile, BeInCrypto reported that last year, FC Porto fans could choose a meet-and-greet location with their favorite players. As Decrypt previously reported, Meta announced major strides in multimodal AI combining vision, language, speech, and other capabilities at Meta Connect. This includes AI companions like the personal assistant MetaAI which pairs with the company’s upcoming smart glasses. Users can interact conversationally with MetaAI as it identifies real-world objects and accomplishes tasks hands-free. Best and Safest Ways to Store Cryptocurrency-Forbes Advisor AustraliaAccording to the notification, traders must register their interest in the promo by opting in within the Uphold app. The exchange stressed the importance of the opt-in as only trades made after it will count towards accumulating entries into the draw. Lee said that NHN chose Sui for its upcoming NFT and crypto games because it wants to build on a layer-1 blockchain—and Mysten Labs, the main developer behind Sui, immediately understood NHN’s long-term vision for crypto gaming.

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