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2022-08-31 14:30:37 Veve Partners With Marvel to Drop Limited Edition NFT Covers Featuring Spider-Man, Black Panther

On August 29, the digital collectibles company Veve announced that the platform has launched digital variant non-fungible token (NFT) covers from three Marvel comic book artists. Veve and Marvel detailed that the NFT drops called the Marvel Artworks collection will be limited edition, 1-of-1 releases of three Marvel comic covers featuring Spider-Man, and the Black Panther. Marvel Entertainment continues to release products for the NFT industry with the company Veve Digital Collectibles. The two firms recently revealed plans to drop three limited edition NFTs from the Marvel Artworks collection.

NFTs | OpenSea | News Open / Comment

2022-08-31 06:54:03 Tether responds to WSJ’s insolvency claim, says its US Treasury assets are safe

Tether has responded to concerns raised by a recent article by The Wall Street Journal claiming that the USDT issuer has inadequate reserves. Tether’s financials released on Aug. 25 revealed it has $67.7 billion in assets as compared to $65.7 billion in liabilities, making a difference of $191 million.

The WSJ’s article had claimed that a mere 0.3% decline in asset value could result in “technical insolvency” for the stablecoin issuer. In response, Tether noted that the U.S. Treasury bills which back over 50% of the USDT stablecoin are the premier safe asset for several decades. Defending the health of the reserve, Tether said that $10 billion worth of USDT was redeemed in a single week, indicating its ability to withstand bank runs.

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2022-08-31 06:40:02 Bitcoin sell off leads to $20M in longs liquidated

Bitcoin bears have dipped the price as low as $19,600 within the last hour, giving back most of yesterday’s gains. The next level of support is at the $19,200 level. However, with macro concerns, namely runaway inflation and the Fed’s perceived inability to tackle the problem, some analysts expect BTC to fall lower than the previous $17,600 local bottom, which was hit on June 18.

Meanwhile, according to Glasscoin, the move down was accompanied by $20.28 million in longs liquidated. Choppy price action had led to $9 million in shorts liquidated on Aug. 29. Data from Glassnode on Deribit’s Bitcoin Open Interest by Strike price, for Aug. 31, shows puts at $19,500 as the most popular call by traders. Strike price refers to the price at which a put or call can be exercised, suggesting traders expect the BTC price to fall below $19,500 and wish to sell their contract holdings.

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2022-08-31 06:20:02 LUNA Classic pumps 70% on ambitions to wipe the past, revive the chain

LUNA Classic (LUNC) is up 70% from its August 20 low following the implementation of plans to revive the ailing network. The purpose of the original Terra Luna token was to absorb price deviations of the UST stablecoin. But following UST’s depeg in May, Terra Luna has lost over 99.9% of its value.

Following troubles with the Terra chain, founder Do Kwon’s proposal to fork the chain, and create Terra LUNA, was accepted by the community. The first LUNA genesis block came into existence on May 28. Meanwhile, the existing Terra chain rebranded to LUNA Classic (LUNC) and operates with the original code of the Terra ecosystem. But more crucially, it was handed over to the community for its development and governance. Despite Do Kwon apparently stepping away, LUNA Classic still carries the burden of what happened in the past.

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2022-08-31 05:07:02 Federal Reserve Fighting Inflation Is Bad For Bitcoin Says Bitfury CEO

The Federal Reserve’s (Fed) war on inflation is suppressing the price of Bitcoin, says Bitfury CEO Brian Brooks. According to the Bitfury boss, traders do not perceive BTC as a great hedge against inflation during periods of extreme fiscal tightening. For that reason hodlers can expect the price of BTC to stay relatively low at least in the short term.

In a short but pointed interview with CNBC on Aug. 29, Brooks also criticized the SEC for its litigious handling of the crypto industry, saying that regulators need to “get serious” and offer proper guidance rather than going to the courts. U.S. inflation is currently at 8.5%, down very slightly from its recent 40-year high of 9.1% in July, but still well above the target rate of 2%. Until recently, widespread opinion in the cryptosphere was that deflationary assets such as Bitcoin would perform well in such a high inflationary environment.

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2022-08-31 04:02:02 Ethereum (ETH) Options Traders Bullish Ahead of Merge

Ethereum (ETH) is making its sixth attempt at breaking out from a resistance line. If successful, the next resistance would be between $1,650 and $1,725. ETH has been falling underneath a descending resistance line since reaching a high of $2,031 on Aug 14. So far, it has made six attempts at breaking out (red icons).

Since resistances get weaker each time they are touched, an eventual breakout from the line seems to be the most likely scenario. The readings from the six-hour RSI support the possibility of a breakout. The main reason for this is the bullish divergence that has developed over the two most recent lows. Furthermore, the RSI is in the process of moving above 50. Additionally, the wave count also supports the possibility of a breakout. If a breakout transpires, the closest resistance area would be between $1,650 and $1,725.

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2022-08-30 23:50:09 OpenSea Trading Volume Down 99% From All-Time High

Think the cryptocurrency market has it rough? Take a look at what happened to non-fungible tokens – aka NFTs. Data from DappRadar shows that trading volume at OpenSea – the world’s largest NFT marketplace – has fallen by 99% in less than four months. While the company contested the figure to some degree, it admitted that the substantial slowdown in activity is both real and expected. According to DappRadar’s statistics page, the daily trading volume of ETH at OpenSea peaked above $400 million on May 1st. By comparison, the platform only generated $5 million in ETH volume on August 28th.

NFTs | DeFi | News Open / Comment

2022-08-30 22:40:08 Muse to Release Next Album on Polygon-based NFT Platform Serenade

Formed in 2014, Muse won NME Award for Best British Band in 2007, 2010, and 2011, MTV Europe Music Award for Best World Stage Performance in 2019, and Grammy Award for Best Rock Album in 2011 and 2016, among many other accolades. Back in 2020, Mused also worked with Dapper Lab’s CryptoKitties project to create digital collectibles. "Will of the People" will be sold via Serenade, the “eco-friendly” platform that helps artists to capitalize on the NFT boom.

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2022-08-30 22:31:02 ​​Dubai issues crypto marketing rules to better protect investors -Link

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2022-08-30 16:09:33 Only 2 days left until Lucky Block V2 listing on Gate.io The 5th Ranked Exchange on CoinGecko and CoinMarketCap

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