Connect with us

Crypto

Ethereum co-founder loses billions in bear run

Published

on

The co-founder of ethereum has revealed that he’s lost billions in the bear run

Vitalik Buterin says he is no longer a billionaire after a string of blows to global crypto markets.

The 28-year-old tweeted the impacts of the crypto’s new lows.

The stable coin lost 98 per cent of its value in what should have been an impossibility.

Terra was previously among the most valuable cryptocurrencies in the world.

But it slumped below 1 U.S dollar earlier this month.

The cryptocurrency crash has dragged down blockchain traders around the world, including a number of high profile investors.

Some have pulled out of the crypto game entirely, which has left the entire cryptocurrency space in dire straits.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Crypto

Gucci goes big in metaverse with new Vault Art Space

Published

on

Forward thinkers who love fashion, this exhibit is for you

Luxury brand Gucci has opened a Vault Art Space as it continues to explore the art world and the metaverse

Gucci inaugurated the gallery in a partnership with NFT marketplace SuperRare

The debut exhibit is titled “The Next 100 Years of Gucci”

Spring Cry by Alanna Vanacore

Keep your eye out for a special selection of NFT artworks, each a collectible fragment of Gucci’s heritage.

The artworks are showcased and auctioned off directly on Vault’s website in three drops between now and the end of July.

All sales will be in Ethereum.

Continue Reading

Crypto

Ethereum to finally undergo shift to new energy model

Published

on

Ethereum is about to undergo its long awaited makeover, which will see the company shift from its energy intensive model.

The crypto has been working to shift from its proof-of-work method to a proof-of-stake model, which requires far less power than mining.

Crypto currencies have been criticised for their mining processes to generate new coins. But this new method will be eco-friendly and lead to faster transactions.

The transition has been repeatedly pushed back because of major flaws.

But developers reportedly say the latest test run was very smooth.

The price of Ethereum has lost nearly half its value this year and is trading at just over $1,800 USD.

Investors will continue to keep an eye out on what will come out of this upgrade.

Meanwhile, Bitcoin investors can enjoy a sigh of relief as the cryptocurrency bounces back after months of turbulence.

Continue Reading

Business

Luxury watchmaker accepts bitcoin for limited edition collection

Published

on

They say cash is king and some call crypto a waste of time, but one company is proving to customers, that its not an old-timer

Luxury watchmaker Hublot is accepting bitcoin as payment for a limited-edition watch collection.

While the release begins with this limited-edition collection, the addition of bitcoin to the platform will not be going away for the United States eBoutique

Hublot partnered with BitPay to accept bitcoin and will continue to accept bitcoin through this outlet.

In order to secure one of the watches from this collection, customers will be paying just over 21 thousand or slightly more than the current price of 1 bitcoin.

The Swiss-based company joins other high end brands like Gucci and Balenciaga in accepting bitcoin as legitimate payment.

Continue Reading

Trending on Ticker

Copyright © 2022 The Ticker Company PTY LTD