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The Avalanche Foundation has launched a new mentoring initiative for digital artists, and Ticketmaster has introduced a new feature allowing artists to reward NFT holders. In a March 30 blog post, The Avalanche Foundation announced the launch of Avaissance, an initiative designed to support digital artists and boost the growth of the Avalanche nonfungible token (NFT) ecosystem. Avaissance has two main components, an Artist in Resident program (AIR) for over 50 artists and the Mona Lisa Initiative (MLI) to curate digital art and expand the collections of art-focused decentralized autonomous organizations (DAOs). Avaissance begins! The Avalanche Foundation is launching the Avaissance initiative to grow the #AVAX NFT ecosystem and support its budding artists. The program aims to usher in a rebirth of creative activity on Avalanche. So, what’s the plan?️ pic.twitter.com/mNhDoQqDhD — Art on Avalanche (@ArtOnAvax) March 29, 2023 AIR will provide artists “of any skill level” with ...

Mar 30, 2023 at 09:50 // Price Author Coin Idol Binance Coin (BNB) price is currently bearish after turning down twice at the $340 threshold. Binance Coin price long term forecast: bullish After the decline, the altcoin is currently trading between the moving average lines. BNB has fallen to a low of $316 at the time of writing. Selling pressure has eased as BNB is between the moving average lines. BNB trends when the moving average lines are crossed. The 21-day line SMA is currently being topped by the BNB price. If the 21-day line SMA is broken, the alt...

The ARB airdrop followed the sell-the-news narrative, but Arbitrum's Dapp use and fundamentals remain strong and smart money continues to buy ARB tokens. The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with the selling pressure of ARB tokens likely done with, making the rollup well-positioned for further growth. Arbitrum ecosystem tokens sees sell-the-news type event The Arbitrum (ARB) airdrop was announced on March 16, which caused a significant uptrend in native token prices of Arbitrum ecosystem projects like GMX), Magic , Gains Network (GNS) and Radiant Network (RDNT). The primary reason behind the pump was the ARB airdrop catalyzing the Arbitrum ecosystem’s growth. However, according to a report from An Ape’s Prologue, “this thesis was seemingly front-run,” as the price surge mainly occurred between the period of the airdrop announc...

Mar 29, 2023 at 07:28 // Price Author Coin Idol Polygon (MATIC) price is falling below the moving average lines. Polygon price long-term forecast: bearish MATIC is expected to fall further due to the rejection of the high at $1.20 from the previous high. The altcoin has slipped below the moving average lines and is currently trading at $1.06. MATIC is likely to return to its previous low of $0.97. However, the decline would continue if the price falls below the previous low of $0.97. As a result of the March 9 decline, MATIC took an upward correction and ...

Ticketmaster, the global provider of event ticketing services, has launched “token-gated sales,” allowing fans access to concert tickets using non-fungible token (NFT) technology. The first to use the service is the metal band Avenged Sevenfold (A7X), whose “Deathbats Club” NFT collection gave owners early access to the group’s shows in Los Angeles and New York City. Following the ticket sales, Ticketmaster announced that it had built and launched a token-gated service for the upcoming A7X shows. Ticketmaster’s New Token-Gated Sales Service Allows for NFT Access to Concert Tickets On March 27, Ticketmaster revealed it has created a new NFT-gated ticketing service, and the metal act Avenged Sevenfold (A7X) is the first band to trial the service. “Building on its NFT capabilities, Ticketmaster has launched the ability for artists to offer token-gated ticket sales – meaning that a sale can only be unlocked or accessed with a specific NFT,” the company ...

At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn't need to, according to court documents. Bankrupt crypto lender BlockFi has agreed to refund more than $100,000 to California customers that had continued to repay loans even after a trading halt on Nov. 10 last year.  According to a March 27 statement from California's financial watchdog, the Department of Financial Protection and Innovation (DFPI), its investigation discovered at least 111 borrowers in California paid back roughly $103,471 in loan repayments between Nov. 11 and Nov. 22. The regulator claimed that BlockFi failed to "provide timely notification to borrowers that they could stop repaying their BlockFi loans." Californian @BlockFi users: BlockFi to refund over $100k after failing to notify borrowers about halting repayments post-FTX crash. The motion was filed, with a hearing set for April 19, 2023. Updates to follow. More info: https://t.co/b...

The American politician and former United States Representative Barney Frank commented on Sunday, during an interview, that cryptocurrency is an entity that the regulators and the authorities failed to reckon with, back in 2008 when the first cryptocurrency was incepted. Significantly, Frank stated that cryptocurrency is a “potentially destabilizing” element, elaborating: Digital currency was the new element entered into our system. A new and destabilizing – potentially destabilizing – element is introduced into the financial system. What we get are three failures. Notably, Frank has been known for the Dodd-Farnk Wall Street Reform and Consumer Protection Act, better known as Dodd-Frank Act, which was introduced to reduce the excessive risks related to the financial sector preventing the global financial crisis. Interestingly, his current proclamation is rooted in the recent shocking collapse of the three commercial banking giants. On March 10, Adrienne A. Harris,...

The founder of crypto exchange Bitzlato, who is facing a money laundering case in the U.S., is seeking support from members of the community. Anatoly Legkodymov was arrested in January for his role in the trading platform which allegedly processed millions of dollars’ worth of illicit funds. Bitzlato Founder Looking for Bail Guarantors in U.S. Anatoly Legkodymov, one of the founders and majority owner of the Russia-linked cryptocurrency exchange Bitzlato, has turned to the crypto community, hoping to find U.S. citizens who would agree to become guarantors for his release on bail. The Hong Kong-registered trading platform was disrupted in mid-January by law enforcement in Europe, where French investigators seized its servers and hot wallet while several of its employees and executives were detained in other countries. Legkodymov, a Russian national residing in China, was apprehended in Miami on money laundering charges. The U.S. Justice Department claims his exchange t...

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail the current turmoil,” and it could spread “beyond the banking sector.” Moody’s Analysts Anticipate Greater Financial and Economic Damage From U.S. Banking Spillover Effects In a note sent out on Thursday, Moody’s managing director of credit strategy Atsi Sheth explained that the U.S. may not be able to contain the banking turmoil that started two weeks ago. The commentary follows Moody’s recent downgrade of the U.S. banking industry, which was slashed from “stable” to “negative.” The credit agency applied the downgrade after three major U.S. banks collapse...

Ripple ’s native token XRP is among the top gainers this month as it jumped from $0.36 to $0.49 in two weeks. The cryptocurrency is up nearly 20% in the last seven days delivering stellar returns to investors after six months. XRP bulls are targeting $0.50 next in the belief that the Ripple Vs SEC lawsuit might soon come to an end. The lawsuit hit the spotlight this week after Defense Attorney James Filan shared the SEC response to the Ripple filing. “ The SEC has filed its response to the Ripple Defendants’ Letters regarding Supplemental Authority from the Bittner and Voyager cases,” he tweeted. Also Read: VeChain Offers Highest Traceability in Blockchain-based Waste Management: Research #XRPCommunity #SECGov v. # Ripple #XRP The SEC has filed its response to the Ripple Defendants’ Letters regarding Supplemental Authority from the Bittner and Voyager cases. pic.twitter.com/zVbPGbmMq0 — James K. Filan (@FilanLaw) March 23, 2023 In addition, many in the Ripple c...

Ethereum price has turned oversold against Bitcoin, raising the possibilities of a rebound in the coming weeks. Ethereum's native token, Ether (ETH), continues its multi-month downtrend against Bitcoin (BTC) in March, rising 5.5% versus the latter's 19.5% gains on a month-to-date (MTD) timeframe. Bitcoin overshadows Ethereum amid banking crisis As of March 23, the ETH/BTC pair was down about 9% month -to-date (MTD) to 0.0633 while staying on course to record its worst month since September 2022 when it fell 11.75%. ETH/BTC monthly price chart. Source: TradingView From a fundamental perspective, traders preferred Bitcoin over Ether, hoping it would protect them from the ongoing banking turmoil in the U.S. and other parts of the world. The narrative gained momentum in recent weeks as Wall Street investors like Cathie Wood see Bitcoin as a potential "flight to safety" asset. ️CATHIE WOOD: #Bitcoin's response to the banking crisis is the most dramatic example that i...

Blockchain has been integrated into various industries — agriculture is no exception. With AgTech, farmers have the ability to apply sensors, drones, GIS, farm-management software, robotics, machine learning and blockchain to their day-to-day work, giving them full control over their farms. Precision agriculture methods enable them to make better decisions and reduce costs. Yet not everyone embraces these tools. According to McKinsey, only 39% farmers use farm-management software and 18% take advantage of, or plan to use, precision agriculture with the lowest adoption rates in Asia. Barriers to mass adoption include high AgTech costs, lack of personalized, quality services and logistical issues. AgTech startups endeavor to fill the gap by making AgTech more approachable and attractive for investment. They came to investors’ attention in 2020 in the immediate aftermath of a pandemic that disrupted supply chains around the world, raising $6.2 billion. Though numbers have since dropped b...

The emergence of Dogecoin has been instrumental in paving the way for the current expansion of the meme coin realm. DOGE sparked the initial meme coin movement, which was followed by other meme coins such as Shiba Inu. The growth trajectory of Dogecoin gained significant momentum when Tesla CEO Elon Musk began endorsing it and sharing positive tweets about it. Subsequently, the price of DOGE surged with each favorable tweet from Musk. Also read: Texas Takes a Stand for Bitcoin Rights with Introduction of New Bill A turning point occurred when Elon Musk acquired Twitter. This led to a rally in Dogecoin’s price, which surged over 100%, as there was anticipation that Musk would integrate it into Twitter. Source: The Indian Express Did Elon Musk forget his favorite Dogecoin? The anticipation of making Dogecoin a part of Twitter has been in the air ever since Musk-Twitter’s acquisition. But months down the line, there haven’t been any updates from Musk regarding DOGE. ...

Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.” Economist Expects a Crash Landing Famed economist David Rosenberg warned that the U.S. economy may be headed for a crash landing in a tweet last week. Rosenberg is the president and chief economist of Rosenberg Research. He was previously chief economist and strategist at private wealth management firm Gluskin Sheff and chief North American economist at Merrill Lynch in New York. Sharing a chart on Twitter Thursday showing the Federal Reserve Bank of Philadelphia’s manufacturing business outlook since 1968, he wrote: Take a good hard look at this chart and tell me we are heading into a ‘soft’...

XRP briefly touched $0.40 on Monday before retracing in price and slipping back to $0.38. The last XRP went above $0.40 in January and the cryptocurrency struggled to scale up in the indices thereon. Also Read: Elon Musk & Dogecoin Founder Poke Fun At Jim Cramer’s Predictions Source: Coingecko.com Ripple: Can XRP Reclaim $0.40? Source: Coingape Ripple ’s native token XRP briefly touched the market cap of $20 billion late Sunday, before retracing to $19.7 billion. The spike in market cap comes after the cryptocurrency received nearly $900 million in inflows last week, making its trading volume head north. The token shot up 5% on Sunday and it is now beginning to cool down in price. In addition, whales took an entry position by purchasing 420 million XRP tokens worth $155.4 million in the last 30 days. Whale addresses holding 10 million to 100 million XRP, relentlessly picked up the token since last month. The same whales have also been transferring the tokens to var...

Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal funds rate “immediately.” Musk’s Criticism of the Federal Reserve’s Data Latency; Study Shows 186 U.S. Banks Suffer From Financial Risks In the last week, three major U.S. banks collapsed, First Republic Bank was bailed out, and Credit Suisse received 50 billion Swiss francs from the Swiss National Bank. Just last week, the U.S. Federal Reserve lent the banks $164.8 billion to shore up liquidity. Despite all the bailouts and the expectation of the central bank injecting up to $2 trillion in liquidity after the creation of the Bank Term Funding Program (BTFP), the banking industry is still not out of the woods. A recently published study shows ...

His Majesty’s Treasury just released the latest national budget, which says that the self-assessment forms for crypto assets will be changed. As the United Kingdom builds up its own crypto framework, His Majesty’s Treasury is adding a separate section for crypto assets on tax return forms. In 2024–25, the line in question should be on tax forms. The U.K. Treasury put out a report on the national budget for Spring 2023 on March 15. The document says that the self-assessment forms for crypto assets will be changed. Crypto assets only figure in the national budget’s estimated expenses and revenues from 2025–26. This means that British people would have to report them for the first time in the tax year before, which is 2024–25. The table shows 10 million British pounds ($12 million) as the Treasury’s estimated budget receipts from this tax area. The changes were good news for the Chartered Institute of Taxation (CIOT), which is the most impor...

Mar 16, 2023 at 09:39 // Price Author Coin Idol The price of Bitcoin (BTC) has changed significantly after breaking through the overriding resistance of $25,000 and reaching a high of $26,529. Bitcoin price long-term forecast: bullish Unfortunately, buyers were unable to sustain the bullish momentum above the overriding resistance, which led to a decline. At the time of writing, the price of one bitcoin is at $24,662. On March 14, there was significant selling pressure above the upper resistance, which wiped out the positive momentum. The extended candle ...

Join Our Telegram channel to stay up to date on breaking news coverage C+Charge is a new sustainable crypto project coming into the space to make it easy and cheap for electric vehicle (EV) owners to make cryptocurrency payments at charging stations. To do this, the platform serves as a peer-to-peer (P2P) payment gateway, leveraging its native token christened $CCHG to allow users to pay via its app. The project promotes sustainability by collaborating with solar-powered energy stations so that users can receive carbon credits. Furthermore, it also helps offset the carbon emissions of these users. C+Charge’s native token, CCHG, is currently available at discounted rates in the presale stage. Thus far, the project has already collected upwards of $2.86 million as the initial coin offering (ICO) continues. 🚨Attention C+Charge community! 🎉We've raised $2.8 million so far🎉 Only one day left until the end of Presale Stage 6 – Get involved...