September 13, 2022

Bitcoin drops below ,000, ether under ,600 following hot U.S. inflation

Bitcoin drops below $21,000, ether under $1,600 following hot U.S. inflation

QUICK TAKE Bitcoin was trading at $20,888 on Tuesday, while ether was below $1,600. U.S. inflation rose 8.3% year-on-year, while headline inflation was up 0.1% month-on-month and core inflation rose 0.6% month-on-month. Hotter than expected U.S. inflation pushed bitcoin below $21,000 while the price of ether dipped under $1,600 as crypto tracked traditional financial markets …

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Investor Sentiment Sees Sharp Positive Spike Following Crypto market Recovery

Investor Sentiment Sees Sharp Positive Spike Following Crypto market Recovery

The crypto market has been able to recover above $1 trillion once more after the market rally that was triggered by the Ethereum Merge. This has resulted in more positive market sentiment from investors, causing the Fear & Greed Index to move clear of the extreme fear territory. Such spikes in sentiment can often spell positive news …

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Hyperledger announced new members at commencement of global forum

Hyperledger announced new members at commencement of global forum

The group said the addition of its newest members will introduce a diversity of innovations and accelerate the development of decentralized technologies. Hyperledger Foundation, a global open source collaboration of enterprise blockchain technologies, has commenced its largest annual event, the Hyperledger Global Forum 2022. Ahead the event on Monday, the Foundation announced the addition of eight newest …

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Universal Music Group Enlists Top Talent for BAYC Rock Group Kingship

Universal Music Group Enlists Top Talent for BAYC Rock Group Kingship

In Brief The music recording behemoth hires production duo that has worked with superstars Justin Timberlake and Beyonce. The concept for the BAYC group was realized by Celine Joshua, head of Universal label 10:22PM. The group’s story will include music albums and metaverse performances. Universal Music Group taps Grammy-award-winning producers to create music for Kingship, …

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Ethereum Merge Could Open The Network To Attacks From Bad Actors, Says Security Experts

Ethereum Merge Could Open The Network To Attacks From Bad Actors, Says Security Experts

Another major crypto hack looms with the Ethereum Merge on the way. Security experts have identified two hacks categories, which can take place during and after the merge. The industry has been riddled with jarring attacks recently, and a new wave of attacks could deal even more damaging blows. Digital asset hacks have always been …

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Here’s Why Cardano Is Undervalued by Crypto Market

Here’s Why Cardano Is Undervalued by Crypto Market

Despite the progress made on Vasil hard fork and the long-awaited release date already officially announced, Cardano’s (ADA) price is barely responding to the positive changes. Moreover, after the news of accelerating inflation in the U.S., implying even tighter regulation of monetary policy, ADA quotations fell more than all other cryptocurrencies from the top 10 …

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Whales Grab 1.6 Trillion SHIB, Here’s What Made Them Do It

Whales Grab 1.6 Trillion SHIB, Here’s What Made Them Do It

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to …

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Opera Crypto Browser Rolls out Support For Metamask And Other Web3 Wallets

Opera Crypto Browser Rolls out Support For Metamask And Other Web3 Wallets

Summary: Opera Crypto Browser now supports third-party wallets. Integration for Ethereum wallet Metamask among others was announced this week. The move could be strategic as Ethereum’s switch to proof-of-stake is expected to ship before September 20. Adding support for wallets like Metamask could Opera Browser’s utility and tap into the hype surrounding the merge. Opera …

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NFT Collection Doodles Raises $54M at $704M Valuation

The venture-capital firm of Reddit co-founder Alexis Ohanian led the funding round. Non-fungible token (NFT) collection Doodles has raised $54 million at a $704 million valuation, according to the company’s Twitter feed. The round was led by Seven Seven Six, the venture-capital firm created by Reddit co-founder Alexis Ohanian. Doodles specializes in profile pictures. NFTs are digital assets …

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