Cryptocurrency Analysis and News Portal
Nonfungible token (NFT) marketplaces transacted roughly $82 million in 2020 and a staggering $17.6 billion in 2021, indicating a rising demand and high user interest in NFTs. This meteoric rise of digital asset trading ranged from whimsical cartoon JPEGs to National Basketball Association trading cards, artwork, music and more. One
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FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Fried’s empire collapsed. Now, Mysten is buying back the stake (and Sui token warrants) for $96 million through bankruptcy court. Original Source
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Metamask users in Nigeria can now directly and instantly buy crypto assets within the mobile app, Consensys and its Web3 infrastructure partner Moonpay have said. According to a Consensys executive, rolling out this feature helps to reduce friction while bringing down barriers that block or stop Nigerians from embracing Web3.
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Gemini’s co-founder, Cameron Winklevoss, has given his thoughts on the Federal Reserve’s plan to lend $300 billion to financial institutions. Winklevoss asserts that the Fed just added $300 billion reasons for adopting cryptocurrencies like bitcoin. The response from Winklevoss came after it was reported that financially struggling banks had borrowed $300
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In cryptocurrency trading, a “buy wall” is a massive buy order, or multiple buy orders, around a particular price level. Conversely, a “sell wall” is a significant accumulation of sell orders at a given price level.Before understanding how buy and sell walls work, it is important to know what an
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The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO is primed to become the new owner of the Spey Bay Golf Club in Scotland after successfully winning a bid to buy the course initially listed for just over $900,000.After winning the bid, the DAO has entered into an exclusivity agreement with
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The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin (BTC), says Galaxy Digital founder and CEO Michael Novogratz.“We are going to have a credit crunch in the U.S. and globally,” Novogratz said in an interview on CNBC. “You want
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USDC depegged over the weekend to 89 cents, and a Buterin-labeled wallet may have bought the dip. Source
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Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” according to Wells Fargo equity analyst Jared Shaw. Silvergate’s liquidation caused SBNY shares to sink on Friday,
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The Cathie Wood-led firm added 301,437 COIN shares to its ARK Innovation ETF (ARKK) and 52,525 shares to its Next Generation Internet ETF (ARKW) for a total of more than 350,000 shares, the biggest one-day purchase this year. In January it bought a total of 333,637. Source
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