Since it may be a good time to buy nonfungible tokens (NFTs) as the floor prices are lower, a Reddit user asked the community what they look for when searching for the next NFTs to add to their collection. In a subreddit, the Redditor has gotten various answers from the community including examining the utilities of the tokens, finding overhyped projects with low minting fees and monitoring data collected by oracles and basing their NFT investing strategy on what they see. According to one Re...

Since it may be a good time to buy nonfungible tokens (NFTs) as the floor prices are lower, a Reddit user asked the community what they look for when searching for the next NFTs to add to their collection. In a subreddit, the Redditor has gotten various answers from the community including examining the utilities of the tokens, finding overhyped projects with low minting fees and monitoring data collected by oracles and basing their NFT investing strategy on what they see. According to one Re...

Optimism and expectations increase around crypto markets, but U.S. inflation data looms large this week. 4Total views MARKET UPDATE * * * * * * * * Bitcoin (BTC) looked to target new August highs at the Aug. 8 Wall Street open as upcoming United States inflation data fueled sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$25,000 next major BTC resistanceData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit $24,246 on Bitstamp, its best since July...

Optimism and expectations increase around crypto markets, but U.S. inflation data looms large this week. 4Total views MARKET UPDATE * * * * * * * * Bitcoin (BTC) looked to target new August highs at the Aug. 8 Wall Street open as upcoming United States inflation data fueled sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$25,000 next major BTC resistanceData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit $24,246 on Bitstamp, its best since July...

Play-to-earn (P2E) blockchain game Axie Infinity (AXS) has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The Axie Infinity team announced that starting on Aug. 12, there will be no more Smooth Love Potions (SLP) to be minted on its classic mode. According to the team, the SLP rewards will be migrated to their new game mode. However, minting will be unavailable for 30 days as the team conducts a monitoring p...

Play-to-earn (P2E) blockchain game Axie Infinity (AXS) has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The Axie Infinity team announced that starting on Aug. 12, there will be no more Smooth Love Potions (SLP) to be minted on its classic mode. According to the team, the SLP rewards will be migrated to their new game mode. However, minting will be unavailable for 30 days as the team conducts a monitoring p...

Crypto data aggregator Dune Analytics said that, on Monday, Circle, the issuer of the USD Coin (USDC) stablecoin, froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control's Specially Designated Nationals and Blocked Persons (SDN) list. Tornado Cash is a decentralized application, or DApp, used to obfuscate the trail of previous cryptocurrency transactions on the Ethereum blockchain. All U.S. persons and entities...

Crypto data aggregator Dune Analytics said that, on Monday, Circle, the issuer of the USD Coin (USDC) stablecoin, froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control's Specially Designated Nationals and Blocked Persons (SDN) list. Tornado Cash is a decentralized application, or DApp, used to obfuscate the trail of previous cryptocurrency transactions on the Ethereum blockchain. All U.S. persons and entities...

The Ethereum Merge is an upcoming network upgrade in which the Proof-of-Work (PoW) consensus layer of the Ethereum blockchain will be replaced with a new Proof-of-Stake (PoS) consensus layer. To ensure continuity for Chainlink protocol users on Ethereum, Chainlink Labs is following a rigorous quality assurance process in preparation of the Merge. The Chainlink protocol and its services will remain operational on the Ethereum blockchain during and after the Merge to the PoS consensus layer. Us...

The Ethereum Merge is an upcoming network upgrade in which the Proof-of-Work (PoW) consensus layer of the Ethereum blockchain will be replaced with a new Proof-of-Stake (PoS) consensus layer. To ensure continuity for Chainlink protocol users on Ethereum, Chainlink Labs is following a rigorous quality assurance process in preparation of the Merge. The Chainlink protocol and its services will remain operational on the Ethereum blockchain during and after the Merge to the PoS consensus layer. Us...

With liquidity drying up in the wake of CeFi contagion, borrowers are turning to decentralized finance for their credit needs. Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market. The $30 million pool financed by institutional lenders will be utilized by trading firms that include Wintermute, Auros and Flow Traders, among others, Maven 11 announced this week. The new pool is designed ...

With liquidity drying up in the wake of CeFi contagion, borrowers are turning to decentralized finance for their credit needs. Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market. The $30 million pool financed by institutional lenders will be utilized by trading firms that include Wintermute, Auros and Flow Traders, among others, Maven 11 announced this week. The new pool is designed ...

Bitcoin (BTC) has been posting higher lows for the past eight weeks, but during this time, BTC has not been able to flip the $24,000 resistance to support on at least three different opportunities. This is precisely why the $475 million Bitcoin options expiry on Aug. 12 might be a game changer for bulls. Considering the current regulatory pressures in play, there seems to be a good enough rationale for avoiding bullish bets, especially after the U.S. Securities and Exchange Commission pressed...

Bitcoin (BTC) has been posting higher lows for the past eight weeks, but during this time, BTC has not been able to flip the $24,000 resistance to support on at least three different opportunities. This is precisely why the $475 million Bitcoin options expiry on Aug. 12 might be a game changer for bulls. Considering the current regulatory pressures in play, there seems to be a good enough rationale for avoiding bullish bets, especially after the U.S. Securities and Exchange Commission pressed...

Since the legislative framework surrounding the Metaverse is quite gray, experts still don’t see the technology being used to settle legal issues. As the global Web3 ecosystem continued to evolve at a staggering pace, so have the various use cases associated with this niche. In a striking new development, a high-ranking Singaporean government minister recently noted that legal marriage proceedings, court case disputes, and government services could one day be conducted using Metaverse platfor...

Since the legislative framework surrounding the Metaverse is quite gray, experts still don’t see the technology being used to settle legal issues. As the global Web3 ecosystem continued to evolve at a staggering pace, so have the various use cases associated with this niche. In a striking new development, a high-ranking Singaporean government minister recently noted that legal marriage proceedings, court case disputes, and government services could one day be conducted using Metaverse platfor...

An innovation using the cellular network (GSM) could onboard millions of Bitcoin (BTC) users previously unreachable by the internet-dependent Bitcoin protocol. Built by South African developer Kgothatso Ngako, the new SMS-based service is named Machankura, a slang South African word for money. KG, as he’s known to his friends, spoke to Cointelegraph from Pretoria, South Africa, about his fascination with Bitcoin and the hope he has that sending it like a text will bring BTC to millions of Afr...

An innovation using the cellular network (GSM) could onboard millions of Bitcoin (BTC) users previously unreachable by the internet-dependent Bitcoin protocol. Built by South African developer Kgothatso Ngako, the new SMS-based service is named Machankura, a slang South African word for money. KG, as he’s known to his friends, spoke to Cointelegraph from Pretoria, South Africa, about his fascination with Bitcoin and the hope he has that sending it like a text will bring BTC to millions of Afr...

Bitcoin and many altcoins are carving out bottoming patterns as sentiment across the crypto and equities markets continues to improve. Bitcoin (BTC) could not overcome the barrier at $25,000 on Aug. 11 even though it had two catalysts in the form of a "favorable" Consumer Price Index print and news that BlackRock — the world's largest asset manager, overseeing over $10 trillion in total assets — had launched a spot Bitcoin investment product. In comparison, Ether (ETH) has managed to hol...

Bitcoin and many altcoins are carving out bottoming patterns as sentiment across the crypto and equities markets continues to improve. Bitcoin (BTC) could not overcome the barrier at $25,000 on Aug. 11 even though it had two catalysts in the form of a "favorable" Consumer Price Index print and news that BlackRock — the world's largest asset manager, overseeing over $10 trillion in total assets — had launched a spot Bitcoin investment product. In comparison, Ether (ETH) has managed to hol...

Decentralized finance TVL is down by 66%, but growth in DEX aggregators, active addresses and steady fund raises show “DeFi winter” is not upon us. The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since March 2021. While this 66% contraction is worrying, a great deal of data suggests that the decentralized finance (D...

Decentralized finance TVL is down by 66%, but growth in DEX aggregators, active addresses and steady fund raises show “DeFi winter” is not upon us. The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since March 2021. While this 66% contraction is worrying, a great deal of data suggests that the decentralized finance (D...

An Ethereum fork token that does not yet exist, dubbed ETHW, is trading under $100 across several crypto exchanges after debuting at $30. ETHW and ETHS begin tradingETHW is the native asset to the ETHPoW chain. ETHPoW, for now, is a possible new chain backed by proof-of-work (PoW) miners as the original chain switches to a proof-of-stake (PoS) consensus in September's "Merge" event. Meanwhile, the proof-of-stake version ETHS is trading at around $1,600 or the difference between the ETH p...

An Ethereum fork token that does not yet exist, dubbed ETHW, is trading under $100 across several crypto exchanges after debuting at $30. ETHW and ETHS begin tradingETHW is the native asset to the ETHPoW chain. ETHPoW, for now, is a possible new chain backed by proof-of-work (PoW) miners as the original chain switches to a proof-of-stake (PoS) consensus in September's "Merge" event. Meanwhile, the proof-of-stake version ETHS is trading at around $1,600 or the difference between the ETH p...