Day: January 16, 2022

Decentraland Reveals Details on its Australia Open Coverage

by CryptoPotato

Following its entrance into the metaverse, the Australian Open (AO) has announced that its virtual tennis tournament, dubbed AO Decentraland, will be launching next week.

AO to Host Tennis Tournament in Metaverse

As earlier reported, the Australian Open (AO), one of the world’s biggest tennis tournaments, partnered with leading virtual reality platform Decentraland to extend this year’s championship to the metaverse.

According to an email shared with CryptoPotato today, AO Decentraland is scheduled to launch on January 17, 2022. The initiative will enable supporters to gain unrestricted access and explore the Australian Open from any part of the world.

The tournament organizers noted that it will replicate the best elements of Melbourne Park, the official stadium of the Australian Open Grand Slam tennis tournament, in AO Decentraland.

While in the virtual world, fans can move around the city in order to gain access to the Beach House and the Gram Slam Oval, where live and historic matches will be displayed on the screens.

ADVERTISEMENT



Ridley Plummer, Australian Tennis Project Manager, said the move by the Australian Open to immerse itself in the metaverse fully was imperative in providing wider coverage and access to the tournament’s events, including live and historic matches and press conferences.

“We want the AO to be the world’s most accessible and inclusive sports and entertainment event, and with the unique challenges fans have faced getting to Melbourne we’ve fast-tracked our launch into the Metaverse,” Plummer added.

Fans to Access More Features

Notably, the AO Decentraland is scheduled to run for the duration of the live tournaments, spanning from January 17, 2022, to January 30, 2022.

During this period, fans should expect several benefits and features such as player drop-ins from tennis legends like Mark Philippoussis and Todd Woodbridge and behind-the-scenes footage of live matches from over 300 cameras around the home stadium.

Other expectations fans will be thrilled with will include a reverse feed from the AO Decentraland piped on AO screens and courtside LEDs in between the gameplay, community meetups, and gamification to retrieve various NFTs and VR tennis games.

In other news, the Australian Open announced that it sold out the 6,776 AO Art Ball NFTs it minted for viewers at a rate of 0.067 ethereum (ETH) each, just a few minutes after the public sale went live.

Featured Image Courtesy of Tennis World USA

SPECIAL OFFER (Sponsored)


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like:






Source

Tagged : / / / /

Bitcoin, Crypto And NFTs Are Braced For A Big Week As Extreme Price Swings Hit Ethereum, BNB, Solana, Cardano And XRP

by Forbes

Bitcoin, cryptocurrencies and NFTs have had a mixed beginning to 2022, with the bitcoin price recording one of its worst-ever starts to a new year.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains

However, the non-fungible token (NFT) market has gone from strength to strength as marketplace OpenSea generated nearly $2.7 billion in volume since January 1 and is on track for its highest volume month ever. Ethereum and its biggest rivals Binance’s BNB, solana and cardano have also struggled along with bitcoin.

Now, after an investment giant issued a shock bitcoin prediction, cryptocurrencies and NFTs are braced for some of the biggest names in crypto to come together for the North American Bitcoin Conference—with billionaire investor Mark Cuban set to join crypto-friendly Miami Mayor Francis Suarez on stage.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains

MORE FROM FORBESLegendary Investor Reveals Huge Bitcoin Bet As The Price Of Ethereum, BNB, Solana, Cardano And XRP Suddenly SoarBy Billy Bambrough

MORE FROMFORBES ADVISOR

The three-day North American Bitcoin Conference, starting tomorrow in Miami, is one of the world’s biggest bitcoin conferences and will see crypto entrepreneurs, investors and influencers discuss the latest blockchain technologies, trends, and market opportunities.

Last year, El Salvador set the bar high for bitcoin conference announcements when it revealed it planned to become the world’s first country to make bitcoin legal tender at Bitcoin 2021 in June.

“I’m just going to see if there is anything new,” Cuban, the owner of the NBA team the Dallas Mavericks and celebrity investor who’s recently launched an NFT website, says via email, pouring cold water on expectations he’ll make a big announcement. “I don’t expect any fireworks.”

Cuban has clashed with some in the bitcoin and crypto community in recent years, famously saying a few years ago he’d “rather have bananas than bitcoin.” However, Cuban, who owns a handful of pricey NFTs, has embraced both decentralized finance (DeFi), which wants to recreate traditional financial services using crypto technology instead of banks, and collectible NFTs, increasingly being used by sports teams and gaming companies as a new revenue stream.

In a North American Bitcoin Conference press release, Cuban said he’s “investing in things like decentralized insurance applications” and “decentralized ways to distribute NFTs”—hoping to cash in on the ongoing NFT craze.

NFT marketplace OpenSea has generated nearly $2.7 billion in volume so far this year, mostly fueled by a price surge in wildly popular Bored Ape Yacht Club NFT collection, and is on track to surpass the $3.4 billion high it reached in August, according to data from Dune Analytics.

Other big names at the North American Bitcoin Conference include the billionaire founder of blockchain technology company Bloq, Matthew Roszak, Peter Smith, the chief executive of Blockchain.com, and Craig Sellars, one of the co-founders of controversial stablecoin Tether.

Miami mayor Francis Suarez, who’ll also be speaking at the event, has said he wants to make the city the first in America to “give a bitcoin yield as a dividend directly to its residents” and hopes to one day run the city “without taxes.”

“We’re excited to see what industry-disrupting techs launch this year,” North American Bitcoin Conference organizer Moe Levin in a statement.

CryptoCodex—A free, daily newsletter for the crypto-curious

MORE FROM FORBES‘Visa Of Digital Assets’-Bank Of America Issues Shock Ethereum Rival Prediction As The Price Of Bitcoin, BNB, Solana, Cardano And XRP Suddenly SlideBy Billy Bambrough

Going into the conference, bitcoin and crypto market sentiment is relatively low, however, with the market still reeling from a price crash that wiped around $1 trillion from the combined crypto market in just two months.

“The first two weeks of the year haven’t been the greatest for bitcoin and the whole crypto market,” Lukas Enzersdorfer-Konrad, chief product officer at Vienna-based trading platform Bitpanda, said via email but adding, “it’s too early to call it a bear market just yet.”

“According to the Crypto Fear and Greed Index, the market sentiment is in a state of extreme fear and at its lowest point since July 2021. A 40% correction is not unusual, and it isn’t the biggest we’ve seen in the past 12 months. Keep in mind that bitcoin fell by more than 50% from April to June last year, and completely recovered its losses by October.”

Source

Tagged : / / / / / / /

Bitcoin, Crypto And NFTs Are Braced For A Big Week As Extreme Price Swings Hit Ethereum, BNB, Solana, Cardano And XRP

by Forbes

Bitcoin, cryptocurrencies and NFTs have had a mixed beginning to 2022, with the bitcoin price recording one of its worst-ever starts to a new year.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains

However, the non-fungible token (NFT) market has gone from strength to strength as marketplace OpenSea generated nearly $2.7 billion in volume and is on track for its highest volume month ever. Ethereum and its biggest rivals Binance’s BNB, solana and cardano have also struggled, along with bitcoin.

Now, after an investment giant issued a shock bitcoin prediction, cryptocurrencies and NFTs are braced for some of the biggest names in crypto to come together for the North American Bitcoin Conference—with billionaire investor Mark Cuban set to join crypto-friendly Miami Mayor Francis Suarez on stage.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains

MORE FROM FORBESLegendary Investor Reveals Huge Bitcoin Bet As The Price Of Ethereum, BNB, Solana, Cardano And XRP Suddenly SoarBy Billy Bambrough

MORE FOR YOU

The three-day North American Bitcoin Conference, starting tomorrow in Miami, is one of the world’s biggest bitcoin conferences and will see crypto entrepreneurs, investors and influencers discuss the latest blockchain technologies, trends, and market opportunities.

Last year, El Salvador set the bar high for bitcoin conference announcements when it revealed it planned to become the world’s first country to make bitcoin legal tender at Bitcoin 2021 in June.

“I’m just going to see if there is anything new,” Cuban, the owner of the NBA team the Dallas Mavericks and celebrity investor who’s recently launched an NFT website, says via email, pouring cold water on expectations he’ll make a big announcement. “I don’t expect any fireworks.”

Cuban has clashed with some in the bitcoin and crypto community in recent years, famously saying a few years ago he’d “rather have bananas than bitcoin.” However, Cuban, who owns a handful of pricey NFTs, has embraced both decentralized finance (DeFi), which wants to recreate traditional financial services using crypto technology instead of banks, and collectible NFTs, increasingly being used by sports teams and gaming companies as a new revenue stream.

In a North American Bitcoin Conference press release, Cuban said he’s “investing in things like decentralized insurance applications” and “decentralized ways to distribute NFTs”—hoping to cash in on the ongoing NFT craze.

NFT marketplace OpenSea has generated nearly $2.7 billion in volume so far this year, mostly fueled by a price surge in wildly Bored Ape Yacht Club NFT collection, and is on track to surpass the $3.4 billion high it reached in August, according to data from Dune Analytics.

Other big names at the North American Bitcoin Conference include the billionaire founder of blockchain technology company Bloq, Matthew Roszak, Peter Smith, the chief executive of Blockchain.com, and Craig Sellars, one of the co-founders of controversial stablecoin Tether.

Miami mayor Francis Suarez, who’ll also be speaking at the event, has said he wants to make the city the first in America to “give a bitcoin yield as a dividend directly to its residents” and hopes to one day run the city “without taxes.”

“We’re excited to see what industry-disrupting techs launch this year,” North American Bitcoin Conference organizer Moe Levin in a statement.

CryptoCodex—A free, daily newsletter for the crypto-curious

MORE FROM FORBES‘Visa Of Digital Assets’-Bank Of America Issues Shock Ethereum Rival Prediction As The Price Of Bitcoin, BNB, Solana, Cardano And XRP Suddenly SlideBy Billy Bambrough

Going into the conference, bitcoin and crypto market sentiment is relatively low, however, with the market still reeling from a price crash that wiped around $1 trillion from the combined crypto market in just two months.

“The first two weeks of the year haven’t been the greatest for bitcoin and the whole crypto market,” Lukas Enzersdorfer-Konrad, chief product officer at Vienna-based trading platform Bitpanda, said via email but adding, “it’s too early to call it a bear market just yet.”

“According to the Crypto Fear and Greed Index, the market sentiment is in a state of extreme fear and at its lowest point since July 2021. A 40% correction is not unusual, and it isn’t the biggest we’ve seen in the past 12 months. Keep in mind that bitcoin fell by more than 50% from April to June last year, and completely recovered its losses by October.”

Source

Tagged : / / / / / / /

Litecoin (LTC) Whales in Longest Accumulation Streak Since 2017: Crypto Intelligence Firm Santiment

by Dailyhodl

Leading crypto intelligence firm Santiment is revealing some bullish on-chain metrics that are developing for Litecoin (LTC) behind the scenes.

LTC is trading at $148 at time of writing, down 64% from its all-time high of $410 in a hard downtrend. Despite this, Santiment says crypto whales may have other plans for the early Bitcoin (BTC) competitor.

According to the firm, “smart money” Litecoin whales are on a 15-week accumulation streak, something that hasn’t been seen since 2017.

“Litecoin is showing some signs of life, up about +5% against BTC in the past two days. Whale addresses holding 10,000 to 1,000,000 LTC are in a 15-week accumulation pattern that is their longest since 2017. They have added 5% of LTC’s supply in just 15 weeks.”

Image
Source: Santiment/Twitter

Santiment also says that privacy-focused blockchain Monero (XMR) is showing some under-the-radar signals that could be bullish. According to the firm, Monero is being discussed in forums at its highest rate in 10 months.

“Monero has decoupled from the crypto pack on a down Thursday. The asset has been quiet since hitting $513 back on May 7, 2021. But with XMR being one of the few pumping coins currently, it’s seeing the highest forum discussion rate in 10 months.”

Looking at BTC and the broader market, Santiment says that traders may be getting too confident in predicting further price drops.

Historically, the firm says that current conditions often lead to short squeezes, which is when an excessive number of traders attempt to short the market only to get hit with an unexpected price bump that leads to a cascade of liquidations that push the price up even further.

“Bitcoin and several other altcoins reveal a higher short-to-long ratio than usual, indicating traders are expecting prices to drop. Traditionally, when this funding rate ratio is extremely negative, shorts are primed to be liquidated and prices rise.”

Image
Source: Santiment/Twitter

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/cinzia murgia

Source

Tagged : / / / / / / / /

Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase

by Cointelegraph

Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what NFT technology is capable of. 

One project focused on expanding the functionality of NFTs beyond the digital art space is Propy, a protocol focused on the integration of blockchain technology with the real estate sector by automating the closing process of home buying to make the entire process faster, simpler and more secure.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $1.12 on Jan. 12, the price of PRO moved 227% higher to hit a daily high at $3.67 on Jan. 14 as its 24-hour trading volume spiked 452% to $29.3 million.

PRO/USDT 4-hour chart. Source: TradingView

Three reasons for the sudden surge in Propy price include the token being listed on Coinbase exchange, the successful completion of the first sale of a real estate NFT and growing potential of NFTs to be used in different use cases.

The Coinbase bump

The surge in the price of PRO on Jan. 14 was in large part due to the token listed on Coinbase, the largest cryptocurrency exchange in the United States.

Prior to the Coinbase listing, the PRO token was only available on a limited number of exchanges including Huobi Global, Bitrue and the decentralized exchange Uniswap.

Coinbase is the second-largest cryptocurrency exchange by volume globally and the main exchange serving U.S.-based investors who have historically conducted the highest volume of cryptocurrency trading.

The first real estate NFT in the U.S.

A second development that is helping to boost the price and trading volume of PRO is the upcoming sale of the first real estate NFT in the United States.

According to Propy founder and CEO Natalia Karayaneva, the reason Propy chose Florida for its first U.S.-based real estate sales include a crypto-friendly state government, positive future price growth and demographic statistics, a growing job market and the state’s 0% individual income tax policy.

While the upcoming sale in Tampa marks the first real estate NFT sale in the U.S., Propy completed the first-ever NFT sale back in 2017 when TechCrunch founder Michael Arrington sold his Kyiv apartment for 36 Ether.

Related: NFT sales and blockchain games continue to grow despite the recent market slump: Report

Rising popularity of NFTs and blockchain technology

Another reason for the building momentum behind Propy is the overall growth in awareness of NFTs and blockchain technology.

The promise of integrating NFTs with things like house deeds and corporate contracts has been a topic of discussion for years, and last year’s explosion in NFT interest and trading volume raised the level of public awareness to the point where the concept can gain more traction.

On top of the usefulness of NFT technology, the increasingly dire state of the global financial system has investors looking for secure places to store their wealth, for which real estate has long been a preferred safe haven.

Now, the process of buying and holding real estate is about to enter the 21st century with the integration of blockchain technology and NFTs because the influence of middlemen will be reduced, helping to lower the cost of the entire process.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.