Galaxy Crypto News

In June, the virtual world Decentraland said users could make and sell their own clothes for avatars they wore on the site, Hiroto Kai stayed up all night designing Japanese-inspired garments.

Pulled from galaxy crypto news. Here is the list of the top crypto winners and losers at the time of publication:

If you've spent time on the Internet lately, you may have come across the term crypto many times. It is becoming increasingly popular, especially in financial and technical circles. To the common layman, however, crypto can seem like an incredibly ambiguous and vague idea reserved only for the tech-literate people of the world.

In recent years, crypto has become much more widely accepted and understood thanks to consumer-friendly experiences aimed at appealing to the next cohort of crypto adopters. We are now even seeing some of the world's biggest creators, celebrities and athletes signing underwriting deals or even launching their own tokens.

Accessible as a desktop application and a smartphone app, CryptoBiz offers a key vault, secure login, coin wallet and currency transfer to help you manage your own virtual assets. It is the easiest and most secure method to connect to blockchain-based apps.

Ethereum's major upgrade, codenamed London, went live earlier today-it helped the Ethereum price post a 20% gain over the past week and sent bitcoin back over $40,000. Ethereum's price surge, pushing ether tokens toward $3,000, has caused the combined crypto market to rise to nearly $1.7 trillion, up from recent lows of $1.2 trillion in July (subscribe to Forbes' CryptoAsset & Blockchain Advisor now and discover crypto blockbusters poised for 1,000% gains).

Matthew Tweed is a world apart from Wall Street traders. The 20-year-old completed high school just two years ago, never went to college, and works out of his bedroom in his parents' home in Surrey, England. Still, thanks to the fragmented new world of crypto, Tweed makes markets in Bitcoin derivatives with his one-man operation, which is connected to two of the largest exchanges -- in addition to hedge fund professionals.

Thanks to the internet, more and more people are becoming financially literate. This doesn't mean that people are getting rich by the thousands, but the fact that people now know that the best way to grow money is to invest it is a huge improvement in itself. Simply putting your money in a savings account is no longer a viable option, as inflation rates simply wipe out any gains you might otherwise have made.

Recently, the sales process of a single crypto-related artwork reportedly consumed twice the amount of energy used by the studio that created the artwork in one year. Based on this information, one might think that the sale would have taken at least a few weeks, even if that is also a pretty horrifying expectation. However, the sale of the NFT in question took much, much less time. Once the group of six NFTs was put up for sale, it took only 10 seconds for them to sell (for impressive amounts of money) and for the people who tried to buy them to consume roughly 9 megawatt hours of energy.

Google is running crypto ads again after its updated Financial Products and Services policy went into full effect on August 3. The multinational giant banned crypto and Initial Coin Offering (ICO) related ads back in June 2018, and the updated policy allows regulated crypto entities to market their services again. ICOs, however, have been left out in the cold.

Bitcoin and cryptocurrencies, despite some recent volatility, have skyrocketed in the past year - the bitcoin price rose by about 250%. The bitcoin price peaked at $60,000 earlier this year before crashing and losing about 40% of its value in a matter of weeks. But many crypto investors remain confident that bitcoin will rise well past its recent highs and potentially boost other smaller cryptocurrencies.

Today was a relatively volatile day for crypto mining stocks. This time, however, the volatility is in favor of investors. In fact, there are some pretty strong moves seen in crypto mining stocks such as Canaan (NASDAQ:CAN), Hive Blockchain (OTCMKTS:HVBT), Bit Digital (NASDAQ:BTBT), SOS (NASDAQ:SOS) and Marathon Digital (NASDAQ:MARA). Each of these crypto miners rose sharply. With the exception of MARA stock, which is up "only" 4%, the other four crypto miners are seeing gains between 8% and 18% today.

While the media has highlighted the increasing regulatory pressures facing crypto-currency-related businesses this year, not too much attention has been paid to countries that have a friendlier approach and see blockchain and digital assets as useful to the national economy. Crypto-currency valuations have been battered by weakening sentiment and now the entire market is struggling to form a bottom.

Whether you're just starting out or have already dipped a toe into the pool... In this series brought to you by Revix, The Money Show's Business Unusual presenter, Colin Cullis offers answers on how to navigate your way through the world of digital currency.

In reality, these opportunities are few and far between. Not to mention, only a handful of traders actually manage to catch these waves and cash out in time to lock in life-changing money.

The high was made inside the $40,500 resistance area, which is the range high that has been in place since May 19. In addition, it’s the 0.382 Fib retracement resistance level.

The crypto market has shed over -50% in recent months, with many worried that a bear market was in full swing and an -80% loss in value was looming on the horizon.