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Cardano (ADA) has been on a steady downtrend since September of 2021 after hitting its all-time high of $3.1. This has been one of the most brutal downtrends for its investors, the majority of which are now drowning in losses. However, as they say, that one man’s misfortune is another
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Thus, the absence of premium in the BTC/JPY market is not surprising – more so as the yen is a G-7 currency and a far stronger unit than Ukraine's hryvnia, considering it is backed by forex reserves of $1.38 trillion, the second largest in the world. Further, according to Kobayashi,
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Institutional investors are returning to accumulate Grayscale Bitcoin Trust (GBTC) shares as the discount to spot price his risen to nearly 30%, data on Glassnode shows.Since December 2021, some weekly sessions saw investors pouring in between $10 million and $120 million into Grayscale's flagship fund. Meanwhile, the biggest capital inflow
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A bug on the non-fungible tokens (NFT) marketplace OpenSea has allowed an attacker to get away with massive discounts on several NFTs and make huge profit.The bug, which was discovered as early as Dec. 31, 2021, allowed the attacker to buy NFTs at older, lower prices, and sell them for
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"Ultimately, after significant discussion and consideration in consultation with outside counsel and other professional advisors, the executive board determined that, in view of all the circumstances, it is in the best interest of the company to wind up operations, liquidate our balance sheet and effectuate an orderly and fair and
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The recent crypto sell-off also may have contributed to a wider GBTC discount. Bitcoin is down roughly 37% from its all-time high around $69,000 in November, although the cryptocurrency's price appears to be stabilizing around $42,000 at the time of writing. Source
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This episode is sponsored by Nexo, Abra and FTX US.Download this episodeThis was, NLW argues, a very good week for crypto. He covers:The mayor of Rio announcing big bitcoin/crypto support this weekStrike launching in ArgentinaNorthwest Arkansas offering tech workers $10,000 in BTC and a bike to move to the regionA congressman introducing legislation to
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Bitcoin has been dropping consistently for the past week and the crypto market has lost over $500 billion following this dip. Like with any crash, there have been the expected calls of ‘buy the dip’ from investors who believe that the dips are only temporary and that the digital asset
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Bitcoin (BTC) institutional demand is conspicuously wanting at the end of the year as data flags the “underperformance” of the United States’ first Bitcoin futures exchange-traded fund (ETF).As noted by markets commentator Holger Zschaepitz on Dec. 29, the ProShares Bitcoin Strategy ETF (BITO) is now trading at nearly 30% below
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Bitcoin (BTC) starts a new week with analysts looking for a bottom — but one which may not mean a dip to $40,000 or lower.After an unremarkable weekend, Bitcoin bulls now face a fresh week of bearish sentiment across the global economy as risk appetite stays tepid.Amid the lack of
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