Luxury Fashion House Balenciaga Accepts Payments in BTC and ETH (Report)

luxury-fashion-house-balenciaga-accepts-payments-in-btc-and-eth-(report)

The French fashion brand – Balenciaga – will reportedly embrace cryptocurrencies as a payment method for its products. Initially, the offering will be available at the firm’s US shops on Madison Avenue in New York and Rodeo Drive in Beverly Hills, Los Angeles. Balenciaga Catching the Crypto Wave According to a recent coverage, Balenciaga will … Read more

Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

price-analysis-5/23:-btc,-eth,-bnb,-xrp,-ada,-sol,-doge,-dot,-avax,-shib

Bitcoin and the major altcoins have bounced off their immediate support levels, paving the way for a possible relief rally in the short term. The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate … Read more

Lido (LDO) Sheds 58% Of Its All-Time High TVL At $11 Billion

lido-(ldo)-sheds-58%-of-its-all-time-high-tvl-at-$11-billion

Lido TVL or total value locked, toppled over to new high lows seen in the third week of this month following the bearish movement of the DeFi market. LDO has shaved off over 58% of its TVL, which registered an all-time high of $20.4 billion on April 6 but dropped down to roughly $8.6 billion … Read more

Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account

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Links posted to a fake Louis Vuitton non-fungible token (NFT) raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand. Digital artist and popular non-fungible token (NFT) creator Mike Winkelmann, more commonly known as Beeple, had his Twitter account hacked on Sunday, May 22 as part of a … Read more

Why is Ethereum used for NFTs?

why-is-ethereum-used-for-nfts?

Read this guide to understand the relationship between Ethereum and NFTs, and explore why Ethereum is used for NFTs. Which blockchain is best for NFTs? When choosing any blockchain for minting NFTs, such as Ethereum for NFT development, ensure the robustness of its smart contracts, check the blockchain’s fee structure, security measures and transaction speed, … Read more

Crypto Bloodbath Impact: DeFi TVL Sinks to Lowest Levels Since June 2021

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The recent crypto market downturn has not only hurt retail investor sentiment but also the decentralized finance space. According to the popular resource and aggregator DeFi Llama, the total value locked across various chains has declined to levels last seen in June 2021. DeFi Total Value Locked. Source: DeFi Llama   Bitcoin, for one, has … Read more

Ethereum Could Tank Further; Here’s What The Charts Say

ethereum-could-tank-further;-here’s-what-the-charts-say

The bear market has been quite harsh to all major altcoins including Ethereum. Over the past 24 hours ago, the coin dipped by 4%. In the last week however, Ethereum tried to stage a recovery. The bears continued to drag prices down despite that. Buyers of Ethereum have tried to remain calm throughout most of … Read more

Optimism Introduces Bedrock as Layer 2 Upgrade

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Ethereum layer-two (L2) scaling solution Optimism announced an upgrade called Bedrock on its network, with the benefits of lower fees and faster speed for transactions completed through the Optimistic Rollup. The new feature is designed to be the first EVM-based rollup with Ethereum’s level of security and a much cheaper cost for transactions. Bedrock Arrives … Read more

Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

price-analysis-5/20:-btc,-eth,-bnb,-xrp,-ada,-sol,-doge,-dot,-avax,-shib

BTC and altcoins produced the occasional relief rally, but technical analysis suggests that the prevailing trend will remain bearish for some time to come. Bitcoin’s (BTC) tight correlation with the legacy markets continues to be a drag, especially as the United States equity markets remain in a firm bear trend. The Dow Jones Industrial Average … Read more

Bitcoin and Ethereum are Not Currencies, States Swedish Central Bank

bitcoin-and-ethereum-are-not-currencies,-states-swedish-central-bank

Riksbank – the central bank of Sweden – has joined a chorus of other monetary authorities in rejecting Bitcoin’s status as “currency”. It argues that cryptocurrencies are poor at serving the three primary roles of money, and more closely resemble assets instead. The Litmus Test for Money As Riksbank explained in a Twitter thread, proper … Read more