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Metaverse Art Week 2022 will be here August 24-28! Explore this year's theme: 'The World is Made of Code' and dive into our micro #AIArt exhibition overview of the event’s biggest attractions on the blog.👇 [decentraland.org] [twitter.com] [video.twimg.com]
Metaverse Art Week 2022 will be here August 24-28! Explore this year's theme: 'The World is Made of Code' and dive into our micro #AIArt exhibition overview of the event’s biggest attractions on the blog.👇 https://decentraland.org/blog/announcement/metaverse-art-week-2022-august-24-28/ https://twitter.com/decentraland/status/1558468797559967751/video/1 https://video.twimg.com/ext_tw_video/1558468153746903042/pu/vid/1920x1080/2eHdZNtqbjI7hnuu.mp4?tag=14Decentraland•
Coinbase Stock Dives After Q2 Earnings While Claiming They're An 'All Weather Company' For Crypto Prices Cycles
Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) reported second quarter financial results and shared an updated full year guidance after market close Tuesday. What Happened: Coinbase reported second quarter revenue of $802.6 million, compared to $2.0 billion in the previous year’s second quarter. Revenue missed a Street consensus of $830.5 million, according to data from Benzinga Pro. The company reported a loss of $4.98 per share in the second quarter, missing a Street estimate of a loss of $2.68 per share. The company reported 9 million monthly transacting users in the second quarter, down 2% from the first quarter and up from the 8.8 million reported in the year ago period. Coinbase had trading volume of $217 billion in the second quarter, down 30% from the first quarter. Assets on the platform were $96 billion in the second quarter, down from $256 billion in the first quarter. Bitcoin (CRYPTO: BTC) made up 31% of trading volume and 31% of revenue, compared to 24% and 25% in the first quarter, respectively. Ethereum (CRYPTO: ETH) made up 22% of trading volume and 22% of revenue, compared to 21% and 23% in the first quarter, respectively. “At Coinbase, we live by the mantra ‘it’s never as good as it seems, and it’s never as bad as it seems,’” the company said. The company cited macroeconomic conditions and the crypto market dropping 60% of its market capitalization in the second quarter. “Coinbase is an all-weather company with experience in navigating through crypto asset price cycles.” The company focused on several chapters for the business in its shareholder letter: Chapter 1: crypto is cyclical Chapter 2: down markets create financial headwinds Chapter 3: Coinbase is adjusting to market conditions Chapter 4: building for the future, and excited by product momentum Chapter 5: strong capital and risk position Chapter 6: outlook Along with the chapters laying out the company’s foundation and goals, Coinbase highlighted it has not blocked client withdrawals and had no credit losses from financing activities or exposure to client insolvencies. “We did not have exposure to the significant trading volumes related to the liquidation events of $LUNA, Three Arrows Capital, Celsius and Voyager.” Related Link: What To Watch For On Coinbase Global As The Stock Reacts To Q2 Earnings Results What’s Next: The company put an emphasis on taking several steps to streamline costs given the macroeconomic issues. This includes an 18% employee reduction in June and several other cost-cutting measures. Guidance for the third quarter is lower monthly transacting users and trading volume than the second quarter, based on current trends and conditions seen in July. For the full fiscal year, Coinbase sees monthly transacting users hitting a range of 7 million to 9 million. “We continue to take a long-term view and remain focused on building for the future,” the company said. The company said down markets can feel scary, but are “not as bad as they may seem.” “At Coinbase, we are optimists and are focused on building great products and services for our users.” COIN Price Action: Coinbase shares are down 3% to $85.42 in after-hours trading Tuesday. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
RT BigYakAxieClub: Another day, another #LunacianSummer from BYAC! Shoutout to a Mysterios, who has found the 3rd 6X Summer! [axieinfinity.com] Let's dive in 🧵 [twitter.com] [pbs.twimg.com]
RT BigYakAxieClub: Another day, another #LunacianSummer from BYAC! Shoutout to a Mysterios, who has found the 3rd 6X Summer! http://axieinfinity.com/axie/11401578/ Let's dive in 🧵 https://twitter.com/BigYakAxieClub/status/1555383102905917440/photo/1 https://pbs.twimg.com/media/FZXTJ_0aUAEl9EB.jpg:largeAxieInfinity•
Lawmakers send letter to 20 crypto firms soliciting diversity data
A group of lawmakers has sent a letter to 20 crypto firms inquiring about their diversity and inclusion practices. The post Lawmakers send letter to 20 crypto firms soliciting diversity data appeared first on The Block.
Defiant Data Dive: Airdrops are Mostly Fool’s Gold…But They Have Their Uses
Data from nine of the most popular airdrops show that rewarding core users has delivered the best results.The Defiant•
RT BigYakAxieClub: We've past 10,000 Summer Axies! Sweating! Out of 10,961 Summer Axies, we have only found 2 5X Summer. Let's dive into our newest #LunacianSummer report. 🧵 [twitter.com] [pbs.twimg.com]
RT BigYakAxieClub: We've past 10,000 Summer Axies! Sweating! Out of 10,961 Summer Axies, we have only found 2 5X Summer. Let's dive into our newest #LunacianSummer report. 🧵 https://twitter.com/BigYakAxieClub/status/1552108556543217665/photo/1 https://pbs.twimg.com/media/FYox67ZaQAA6orj.jpg:largeAxieInfinity•
RT CanessaDCL: Chillin with @superninaglow at the @exclusible Christian LaCroix’s event hosted by @DecentralGames 💗 Dress by @XRCouture @Klaws_Design Body paint by @RoustanNFT Aura by Supernina Wings by @CharliCohen Purse by @Diverge_meta Nano hairs by @dapp_craft In @decentraland 💗 [twitter.com] [pbs.twimg.com]
RT CanessaDCL: Chillin with @superninaglow at the @exclusible Christian LaCroix’s event hosted by @DecentralGames 💗 Dress by @XRCouture @Klaws_Design Body paint by @RoustanNFT Aura by Supernina Wings by @CharliCohen Purse by @Diverge_meta Nano hairs by @dapp_craft In @decentraland 💗 https://twitter.com/CanessaDCL/status/1551979388509360128/photo/1 https://pbs.twimg.com/media/FYm9BoaVQAEtMdp.jpg:largeDecentraland•
As The Economy Takes A Dive, Is Gold Still Considered A Golden Opportunity?
On July 13th, inflation officially hit 9.1%, its highest level in over 40 years. The same day, the S&P 500 index entered a bear market, with its value plummeting 21%. Significant contributors to this dramatic inflationary trajectory reportedly include the rising cost of energy and worsening geopolitical instability. These sustained pressures on inflation have led to some offering predictions that a recession will most likely hit the U.S. economy in the first half of 2023. During this period of uncertainty, demand for gold has continued to increase even while concerns around a recession have grown, arguably indicating the precious metal’s classic stability amid market fluctuations. Gold has demonstrated an ability to withstand both short- and long-term global uncertainties, a long-known fact recently affirmed by a new study from the World Gold Council. This remains true even as many cryptocurrencies, which have sought to rival precious metals and traditional currencies, have seen a sharp decline. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) are leading cryptos that have struggled in 2022. While investing in gold can be one way to broaden a portfolio, it can seemingly also feel inaccessible or even a little old-fashioned. Asia Broadband Inc. (OTC: AABB) is one example of a company that says it has tried to tackle these obstacles in a way that makes gold investment both approachable and modernized. A Company Mining For Innovative Solutions? Asia Broadband reports an ambitious model that seeks to unite the long-term reliability of gold with both traditional and innovative investment opportunities — the company has a unique vertical integration supply chain that allows streamlined production, supply and sales of its precious and base metals to a diverse, primarily Asian market. It states that it balances this sophisticated international market network with strong relationships with the communities it operates in. Asia Broadband’s vertical integration model allows it to create a mine-to-token cryptocurrency — the AABB Gold token — backed by the company’s gold supply. By backing its crypto with gold Asia Broadband has sought to provide stable value to protect it from fluctuations affecting cryptos where value is essentially demand-based. The company says it has united this cryptocurrency with a proprietary exchange that allows for crypto trading, and that these two additions combine to create a uniquely strong vertical integration system that is part of what its website describes as a “pioneering philosophy … that strives toward complete independence from fiat currency.” Asia Broadband launched the product in March 2021 and has reported steady growth in its traditional gold mining initiatives. The company reported $100 million in assets last year and announced plans to double the mining output in its Tequila mines by the end of 2022. To learn more about Asia Broadband Inc., visit its website. You can learn more about the AABB Exchange here. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Featured photo by Sharon McCutcheon on Unsplash © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Bitcoin, Ethereum Diverge After Tesla Crypto Sale, Dogecoin Slips: Analyst Sees 'Enough Volatility To Make Money'
Bitcoin, Ethereum and other major coins traded mixed Thursday evening as the global cryptocurrency market rose 1.15% to $1.05 trillion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -0.7% 12.7% $23,139.08 Ethereum (CRYPTO: ETH) 3.1% 32.46% $1,575.26 Dogecoin (CRYPTO: DOGE) -0.4% 12.1% $0.07 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Curve DAO Token (CRV) +21.2% $1.40 Synthetix (SNX) +15% $3.29 Cosmos (ATOM) +14.1% $11.06 See Also: How To Get Free Crypto Why It Matters: The divergence between Bitcoin and Ethereum was in play on Thursday. The top cryptocurrency by market cap continues to be under pressure after news of Tesla Inc’s (NASDAQ: TSLA) sale was disclosed on Wednesday. “Tesla dumping a good portion of their Bitcoin holding news caught many off guard and helped end the rally above the $24,000. This is not a game changer for Bitcoin, but it unsettled a good portion of the avid social media followers,” said OANDA Senior Market Analyst Edward Moya, in a note seen by Benzinga. Moya expects Bitcoin to be “choppy” until the period beyond the next U.S. Federal Reserve policy meeting next week. GlobalBlock analyst Marcus Sotiriou said Tesla CEO Elon Musk’s decision to sell the automaker’s Bitcoin holdings will not “sit well with Bitcoin maximalists, as it gives the impression to many institutions that Bitcoin is not a suitable reserve asset or safe haven.” Sotiriou noted that Bitcoin fell 40% after Tesla sold some of its holdings. “I don’t think Tesla should be criticized for managing their risk in this uncertain macro-economic environment. They may well buy back Bitcoin or other digital assets when conditions improve.” CryptoQuant CEO Ki Young Ju pointed to a tweet dated June 16 when market makers at Coinbase sent 63,638 BTC to multiple exchanges, mostly Binance and Bitfinex over 72 hours. Correction: MM(s) were executing Tesla's orders. https://t.co/R0TnT3mmpm — Ki Young Ju (@ki_young_ju) July 20, 2022 Ki said they were executing orders on behalf of Tesla on Thursday. Current market conditions present investors with “enough volatility to make money,” said cryptocurrency trader Michaël van de Poppe on Twitter. He said the summer relief rally is continuing. $ETH attacking the highs, #Bitcoin printing a decent daily candle. Summer relief rally continues. Enough volatility to make money. And you see how fast the sentiment changes. — Michaël van de Poppe (@CryptoMichNL) July 21, 2022 Social volume is not soaring, indicating investors are not having “FOMO fever” just yet, said Santiment, a market intelligence platform on Twitter. #Bitcoin is +12% & has jumped back over $23k this week. The bigger story has been #Ethereum (+33%) & #altcoins like $ETC (+69%), $APE (+39%), $FTM (+33%), & $RUNE (+31%). As long as social volume stays down, the crowd isn't having #FOMO fever just yet. https://t.co/nf1qN1XuQy pic.twitter.com/V91bDZKScG — Santiment (@santimentfeed) July 21, 2022 Meanwhile, cryptocurrencies continue to be strongly correlated to stocks. On Thursday, the S&P 500 closed 1% higher, while the tech-heavy Nasdaq ended the day 1.4% higher. Markets slipped into the red in extended trading after Snapchat parent Snap Inc (NYSE: SNAP) revealed weak earnings. S&P 500 and Nasdaq futures traded 0.4% and 0.7% lower, respectively, at press time. Read Next: Did Tesla Make Money On Its $1.5B Bitcoin Purchase Photo by Studio13lights on Shutterstock © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Kevin Rose’s PROOF Acquires Ethereum NFT Team Divergence
After the Moonbirds boom, the PROOF team grows with an engineering acqui-hire ahead of plans to launch a “social universe.”
1/ 🏖️ #LunacianSummer🌞 We’re delighted to unveil the hottest breeding event Lunacia has ever seen! Starting now, a variety of special summer skins can be bred through selective, sweaty Axie breeding. Let’s ‘dive’ in 🤿👇 [twitter.com] [pbs.twimg.com]
1/ 🏖️ #LunacianSummer🌞 We’re delighted to unveil the hottest breeding event Lunacia has ever seen! Starting now, a variety of special summer skins can be bred through selective, sweaty Axie breeding. Let’s ‘dive’ in 🤿👇 https://twitter.com/AxieInfinity/status/1547433092754903042/photo/1 https://pbs.twimg.com/media/FXmPNkmWQAA_oCP.jpg:largeAxieInfinity•