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Bitcoin whales may yet spark mass profit-taking should BTC price action target $40,000 or higher. Bitcoin (BTC) held momentum at $38,000 on Nov. 29 as Analysis warned over market corrections. BTC/USD 1-hour chart. Source: TradingView Bitcoin meets macro data, Fed's Powell at key price point Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory continuing to aim for new 18-month highs. After matching current highs the day prior, the largest cryptocurrency surprised by keeping a grip on higher levels as futures markets hit $39,000. Already a topic of debate, the excitement on derivatives led some to caution that large-volume traders could still leave late long positions stranded at the top. In commentary overnight, Keith Alan, co-founder of monitoring resource Material Indicators, told traders to be wary of these “ whale games .” “Earlier today, some ask liquidity at $38k was pulled to open the door to $38.5k. Don't allow yourself to think that was a ...

As the world moves toward a Web3-focused future, the debate remains: Do these technologies help or hinder our sustainability goals? Bitcoin (BTC) mining is estimated to emit 65.4 megatons of CO2 annually. This is the conclusion reached in 2021 by a group of climate and economic researchers in Europe in the report “Revisiting Bitcoin’s carbon footprint.” This emission is comparable to the carbon footprint of an entire country like Greece, which emitted approximately 56.6 megatons of CO2 in 2019. Estimated global carbon footprint of the Bitcoin network. Source: Cell.com However, it is worth noting that cryptocurrencies and blockchain technology, when used appropriately, can make a positive contribution to the environment. Recently, the World Economic Forum (WEF) highlighted the potential of blockchain technology as a vital tool in the fight against climate change. In a white paper released on April 25, the WEF shed light on the myriad of advantages of integrating blockchains into the cl...

NFT gaming is at a similar stage to the early mobile gaming days, says a Magic Eden exec, while an analyst from Dune Analytics claims 58% of NFT trading volume this year has been wash trades. After a sell-out launch that pocketed roughly $4.45 million from primary sales, former United States president Donald Trump’s NFT collection is already on a crash course towards earth. Trump rolled out his odd-ball self-themed 45,000 NFT trading card collection on Dec. 16 for $99 a pop. The NFTs were all gobbled up within a couple hours of launch, and within the next two days the floor price shot up to an all-time-high of around 0.83 Ether (ETH), or $1,006 on OpenSea. Since then however, the floor price has been volatile, while some in the community have highlighted that the NFT artwork may been plagiarized from other sources. According to OpenSea data at the time of writing, the floor price sits at 0.2 ETH ($242), marking a hefty retracement of roughly 75%. Trump NFTs Tanking as Hype Dies, Floor...

DOGAMÍ's team says it hopes to develop the first Web3 mobile game for mainstream audiences. DOGAMÍ, an augmented reality mobile game involving nonfungible token (NFT) pet companions, has completed a $14 million seed funding round, according to a Dec. 12 press release provided to Cointelegraph. The Web3 mobile gaming company raised $7 million led by VC firm XAnge after initially securing $6 million from industry leaders in January 2022.  DOGAMÍ, with community members in over 80+ countries, indicated that it has already sold 12,000 NFTs of dog avatars and 12,000 NFTs of canine accessories through a collaboration with omni-channel clothing retailer GAP.  The company has also launched its first mobile application, "DOGA House", which allows users to discover and interact with their “NFT puppies” in the “DOGAMÍ universe” while earning DOGA cryptocurrency. Related: Leveraging the Blockchain to deliver more rewarding experiences for casual gamers Despite the continuing bear m...