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CryptoSlate Daily wMarket Update – Oct. 14-16: Markets trade flat but Quant posts impressive 23% gain

Bitcoin - Δευ, 10/17/2022 - 11:00
CryptoSlate Daily wMarket Update – Oct. 14-16: Markets trade flat but Quant posts impressive 23% gain

The total cryptocurrency market cap saw net outflows of $17.72 billion since the last wMarket report.

The post CryptoSlate Daily wMarket Update – Oct. 14-16: Markets trade flat but Quant posts impressive 23% gain appeared first on CryptoSlate.

Anonymous Mon, 10/17/2022 - 08:00

How Decentralization Helps Harness Unrealized Talent

Bitcoin - Δευ, 10/17/2022 - 11:00
How Decentralization Helps Harness Unrealized Talent

Blockchain technology is relatively new. While still developing and improving every day, it has already contributed an outstanding degree of advancement to different industries that embrace it. 

Following finance, manufacturing, gaming, and other fields, blockchain is now disrupting the digital art and artwork space. The best thing about this is that creators and artists have made the most out of this technology and have been able to convert their masterpieces into NFTs — earning massive profits by selling. 

In March, Mike Winkelmann, popularly known as Beeple, sold his NFT artwork called “Everydays: The First 5000 Days” for over $69 million through the international auction house Christie’s. This massive sale created a huge buzz and left art and media critics to realize that these unique digital tokens have revolutionized the way people view content ownership, ushering in a new era of art in the digital age. 

Furthermore, NFTs have opened the doors for crypto enthusiasts and the art community to work together for the very first time. The decentralized nature of NFTs guarantees that even creators with untapped potential can benefit from it to a great extent. 

So, why should artists dive into non-fungible tokens? Here are a couple of reasons why. 

Definite Ownership and Rarity

One of the most important characteristics of an NFT is that it’s ‘non-fungible,’ meaning that they are absolutely unique. Therefore, when someone buys a certain NFT, they retain sole ownership of a rare item that cannot be replicated. Moreover, this digital token also contains all the necessary information required to prove ownership, authenticity, and provenance of the asset. 

Additionally, fractional ownership of non-fungible tokens is possible. For instance, if someone wants to sell artwork at an astronomical price, it would be quite difficult to look for potential buyers. However, with NFTs, the option to sell fractions to multiple owners is an option. 

Artistic Freedom

Back then, artists knew that they would eventually need to sell their work to a specific market to make a living from it. Because of this, instead of bringing their imagination to life for art inspiration, they rely on what the market demands. 

This has changed with the emergence of NFTs. Creators can now immerse their most authentic selves into each masterpiece, allowing them to be as adventurous as possible, and there is no better example of artistic freedom than this. 

NFT artists can utilize global connectivity and the internet to form a solid following without being constrained to the concept of traditional art galleries. With the number of NFT platforms increasing every day, digital creators can receive more potential profits in comparison to other occupations. 

Most especially, independent creators can benefit from this by taking advantage of the extra income to work less at what conventionally is their ‘day job’ and heading towards having more sense of fulfillment by creating more. This is what Mittaria, a budding entertainment hub, aims to do. 

Animators and artists can leverage Mittaria's creator space: a studio where they are given access to advanced tools to produce content and share it with the world. What’s more, the platform also has the ‘Animation Lover Hub,’ which is a gathering space for the global community where they can talk, watch, review, and rate all kinds of animations together. 

Seamless Transfer

All transactions involving NFTs are recorded on the blockchain of choice, usually Ethereum. Consequently, waiting periods or lead times for selling or buying these digital assets do not exist — which is a common issue in the physical art world. Not to mention, there are late payments as well, harshly affecting the artist who designed the piece. 

In detail, blockchain transactions are typically completed quickly, milliseconds even, after achieving a specified number of confirmations. Most artists would see their earnings within seconds to minutes of the transaction taking place and their crypto wallet syncing. On the other hand, traditional art sales may depend on bank wire, ACH request for a big sum, or a check, which all can take days for clearing. 

Easy Accessibility

Today, art enthusiasts are migrating away from home galleries for their collections. Alternatively, they are opting to put their collectibles in the metaverse or the digital space. This then allows them to admire and view their digital assets in a more immersive environment or from their smartphones from a compatible crypto wallet. 

But if you prefer to appreciate the art ‘old school style’ and show it off on a physical wall, you can buy an NFT-specific high-res screen available on some platforms.  

Final Thoughts

NFTs are the best solution for creators wanting to close the gap between conventional art and absolute digital assets. So, for artists, minting your pieces into NFTs can offer solid ownership of your assets and a definite method for collecting your income, including an easier way to display your art in front of a bigger audience than ever before.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Anonymous Mon, 10/17/2022 - 08:00

How Decentralization Helps Harness Unrealized Talent

Bitcoin - Δευ, 10/17/2022 - 11:00
How Decentralization Helps Harness Unrealized Talent

Blockchain technology is relatively new. While still developing and improving every day, it has already contributed an outstanding degree of advancement to different industries that embrace it. 

Following finance, manufacturing, gaming, and other fields, blockchain is now disrupting the digital art and artwork space. The best thing about this is that creators and artists have made the most out of this technology and have been able to convert their masterpieces into NFTs — earning massive profits by selling. 

In March, Mike Winkelmann, popularly known as Beeple, sold his NFT artwork called “Everydays: The First 5000 Days” for over $69 million through the international auction house Christie’s. This massive sale created a huge buzz and left art and media critics to realize that these unique digital tokens have revolutionized the way people view content ownership, ushering in a new era of art in the digital age. 

Furthermore, NFTs have opened the doors for crypto enthusiasts and the art community to work together for the very first time. The decentralized nature of NFTs guarantees that even creators with untapped potential can benefit from it to a great extent. 

So, why should artists dive into non-fungible tokens? Here are a couple of reasons why. 

Definite Ownership and Rarity

One of the most important characteristics of an NFT is that it’s ‘non-fungible,’ meaning that they are absolutely unique. Therefore, when someone buys a certain NFT, they retain sole ownership of a rare item that cannot be replicated. Moreover, this digital token also contains all the necessary information required to prove ownership, authenticity, and provenance of the asset. 

Additionally, fractional ownership of non-fungible tokens is possible. For instance, if someone wants to sell artwork at an astronomical price, it would be quite difficult to look for potential buyers. However, with NFTs, the option to sell fractions to multiple owners is an option. 

Artistic Freedom

Back then, artists knew that they would eventually need to sell their work to a specific market to make a living from it. Because of this, instead of bringing their imagination to life for art inspiration, they rely on what the market demands. 

This has changed with the emergence of NFTs. Creators can now immerse their most authentic selves into each masterpiece, allowing them to be as adventurous as possible, and there is no better example of artistic freedom than this. 

NFT artists can utilize global connectivity and the internet to form a solid following without being constrained to the concept of traditional art galleries. With the number of NFT platforms increasing every day, digital creators can receive more potential profits in comparison to other occupations. 

Most especially, independent creators can benefit from this by taking advantage of the extra income to work less at what conventionally is their ‘day job’ and heading towards having more sense of fulfillment by creating more. This is what Mittaria, a budding entertainment hub, aims to do. 

Animators and artists can leverage Mittaria's creator space: a studio where they are given access to advanced tools to produce content and share it with the world. What’s more, the platform also has the ‘Animation Lover Hub,’ which is a gathering space for the global community where they can talk, watch, review, and rate all kinds of animations together. 

Seamless Transfer

All transactions involving NFTs are recorded on the blockchain of choice, usually Ethereum. Consequently, waiting periods or lead times for selling or buying these digital assets do not exist — which is a common issue in the physical art world. Not to mention, there are late payments as well, harshly affecting the artist who designed the piece. 

In detail, blockchain transactions are typically completed quickly, milliseconds even, after achieving a specified number of confirmations. Most artists would see their earnings within seconds to minutes of the transaction taking place and their crypto wallet syncing. On the other hand, traditional art sales may depend on bank wire, ACH request for a big sum, or a check, which all can take days for clearing. 

Easy Accessibility

Today, art enthusiasts are migrating away from home galleries for their collections. Alternatively, they are opting to put their collectibles in the metaverse or the digital space. This then allows them to admire and view their digital assets in a more immersive environment or from their smartphones from a compatible crypto wallet. 

But if you prefer to appreciate the art ‘old school style’ and show it off on a physical wall, you can buy an NFT-specific high-res screen available on some platforms.  

Final Thoughts

NFTs are the best solution for creators wanting to close the gap between conventional art and absolute digital assets. So, for artists, minting your pieces into NFTs can offer solid ownership of your assets and a definite method for collecting your income, including an easier way to display your art in front of a bigger audience than ever before.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Anonymous Mon, 10/17/2022 - 08:00

AVAX price analysis for 17 October 2022

Bitcoin - Δευ, 10/17/2022 - 10:52
AVAX price analysis for 17 October 2022

AVAX price analysis for 17 October 2022, AVAX, the sixteenth largest cryptocurrency based on market cap, is in a downtrend since November 2021. On the first day of this week, it seems that sellers take control of the price based on the weekly Heikin Ashi Candlestick. The weekly MACD is still negative but forms a […]

The post AVAX price analysis for 17 October 2022 appeared first on Blockchain, Crypto and Stock News.

Anonymous Mon, 10/17/2022 - 07:52

BNB price analysis for 17 October 2022

Bitcoin - Δευ, 10/17/2022 - 10:50
BNB price analysis for 17 October 2022

BNB price analysis for 17 October 2022, BNB, the third largest cryptocurrency based on market cap, is in a downtrend since November 2021. The downtrend broke in August but the 50 weekly SMMA stood as resistance. On the first day of this week, it seems that sellers control the price based on the weekly Heikin […]

The post BNB price analysis for 17 October 2022 appeared first on Blockchain, Crypto and Stock News.

Anonymous Mon, 10/17/2022 - 07:50

Ethereum price analysis for 17 October 2022

Bitcoin - Δευ, 10/17/2022 - 10:48
Ethereum price analysis for 17 October 2022

Ethereum price analysis for 17 October 2022, Ethereum, the second largest cryptocurrency based on market cap, is in a downtrend since November 2021. On the first day of this week, it seems that sellers take control of the price based on the weekly Heikin Ashi Candlestick. The weekly MACD is still negative but forms a […]

The post Ethereum price analysis for 17 October 2022 appeared first on Blockchain, Crypto and Stock News.

Anonymous Mon, 10/17/2022 - 07:48

Bitcoin price analysis for 17 October 2022

Bitcoin - Δευ, 10/17/2022 - 10:47
Bitcoin price analysis for 17 October 2022

Bitcoin price analysis for 17 October 2022, Bitcoin, the first largest cryptocurrency based on market cap, is in a downtrend since November 2021. On the first day of this week, it seems that sellers take control of the price based on the weekly Heikin Ashi Candlestick. The weekly MACD is still negative but forms a […]

The post Bitcoin price analysis for 17 October 2022 appeared first on Blockchain, Crypto and Stock News.

Anonymous Mon, 10/17/2022 - 07:47

Binance launches $500M lending project to support crypto miners

Bitcoin - Δευ, 10/17/2022 - 10:40
Binance launches $500M lending project to support crypto miners

The loans will be provided to “blue-chip” Bitcoin miners who could back their bids with physical or digital assets.

Binance Pool, a mining subsidiary of Binance, launched a $500 million lending project to support the crypto mining industry. It will provide loans to private blue-chip Bitcoin (BTC) crypto miners. 

According to the official blog post from Oct. 14, the Binance Pool will provide access to a $500 million loan fund on several conditions, which include an 18-to-24-month term, 5% to 10% interest rates, and some physical or digital assets as a security. The company will look at a wide range of metrics, including current performance, mining power and security quantity, to define the borrower's creditworthiness.

Binance Pool will also launch cloud mining products, directly purchasing the cloud mining hash power from Bitcoin mining and digital infrastructure providers.

Speaking to Cointelegraph, a Binance spokesperson clarified the criteria for defining a potential borrower as a “blue-chip”:

“One of the requirements is that the applicant must be classified as a Binance VIP user and connect at least 500 PH/s to the Binance Pool for a minimum of 24 months after the loan is issued.”

The company did not specify the maximum amount of a single loan, referring to the specifics of each applicant’s situation.

Related: Binance burns $1.8M in LUNC trading fees following community proposal

Binance continues its expansion strategy even in the bear market. In September, it registered with New Zealand’s Ministry of Business, Innovation and Employment and opened local offices in the country.

As October began, the exchange opened up two offices in Brazil, doubling the size of its local team since Changpeng “CZ” Zhao’s visit to the country last Spring. Reportedly the company is still backing Tesla CEO Elon Musk’s $44 billion takeover bid of social media platform Twitter.

Anonymous Mon, 10/17/2022 - 07:40

Two Reasons Bitcoin’s Bear Market is Far From Over: Analysis

Bitcoin - Δευ, 10/17/2022 - 10:32
Two Reasons Bitcoin’s Bear Market is Far From Over: Analysis

The Bitcoin bear market is not yet over, and some metrics suggest it's not going away anytime soon.

Anonymous Mon, 10/17/2022 - 07:32

Coming Soon: Trade the ETH/XBT Spot Pair and More on BitMEX

Bitcoin - Δευ, 10/17/2022 - 10:29
Coming Soon: Trade the ETH/XBT Spot Pair and More on BitMEX

Since May 2022, users have had the option of trading portfolio staples like XBT and ETH, rising stars like APE and AXS, and DeFi performers like UNI – all paired against USDT. However, that changes later this week, when we launch the ETH/XBT spot trading pair. It’s an addition that means BitMEX Mobile and Web […]

The post Coming Soon: Trade the ETH/XBT Spot Pair and More on BitMEX appeared first on BitMEX Blog.

Anonymous Mon, 10/17/2022 - 07:29

KuCoin Futures Partial Contracts Upgrade Completed on October 17, 2022

Bitcoin - Δευ, 10/17/2022 - 10:20
KuCoin Futures Partial Contracts Upgrade Completed on October 17, 2022

KuCoin Futures Partial Contracts Upgrade Completed on October 17, 2022

Anonymous Mon, 10/17/2022 - 07:20

Order Cancellation Resumed on KuCoin Futures Partial Contracts 1017

Bitcoin - Δευ, 10/17/2022 - 10:10
Order Cancellation Resumed on KuCoin Futures Partial Contracts 1017

Order Cancellation Resumed on KuCoin Futures Partial Contracts 1017

Anonymous Mon, 10/17/2022 - 07:10

KuCoin Will Support the Avalanche (AVAX) Network Upgrade

Bitcoin - Δευ, 10/17/2022 - 10:10
KuCoin Will Support the Avalanche (AVAX) Network Upgrade

KuCoin will support the Avalanche (AVAX) network upgrade.

Anonymous Mon, 10/17/2022 - 07:10

KuCoin Futures Partial Contracts Tick Size Update Completed on October 17, 2022

Bitcoin - Δευ, 10/17/2022 - 10:05
KuCoin Futures Partial Contracts Tick Size Update Completed on October 17, 2022

KuCoin Futures Partial Contracts Tick Size Update Completed on October 17, 2022

Anonymous Mon, 10/17/2022 - 07:05

Binance CoinMarketCap Index Series kicks off by tracking top 10 crypto

Bitcoin - Δευ, 10/17/2022 - 09:53
Binance CoinMarketCap Index Series kicks off by tracking top 10 crypto

Starting in November 2022, Binance’s Top 10 Equal-Weighted Index will be available to investors through Auto-Invest, to track the performance of the top 10 cryptocurrencies.

Crypto exchange Binance announced it will launch its first index product, the Top 10 Equal-Weighted Index, to kick off its Binance CoinMarketCap (CMC) Index Series.

The Top 10 Equal-Weighted Index will monitor the performance of the industry’s top 10 cryptocurrencies by market capitalization, such as Bitcoin (BTC) and Ethereum (ETH). Binance indices will utilize pricing information from crypto price tracker CMC, of which the crypto exchange is the owner.

According to the announcement, the Equal-Weighted Index will be rebalanced monthly and is designed to help investors evaluate price and performance. The index products, beginning with the Top 10 Equal-Weighted Index, will be available to investors starting in November 2022 through Binance’s Auto-Invest service.

In the future, Binance says the community can expect more from the index series, which will encompass “more digital assets in a diverse set of products."

Related: BTC price hits 3-week lows on US CPI as Bitcoin liquidates $57M

Despite a long and harsh crypto winter, Binance and other major crypto-industry giants have been developing their service offerings to the wider community.

A recent Q3 2022 report from the Web3 development platform Alchemy reported that this year could actually be the biggest year on record for development in the Web3 space.

Binance recently expanded its service offerings in multiple markets around the world. On Oct. 6, Kazakhstan granted the exchange a permanent license to offer digital asset services, while in the Middle East, it reported a 49% surge in regional user sign-ups in 2022.

This recent announcement of the price index tools comes as the network completed its 21st quarterly Binance Coin (BNB) burn, which eliminated roughly $547 million worth of BNB from its supply.

Anonymous Mon, 10/17/2022 - 06:53