Cryptocurrency Analysis and News Portal
Sfermion, an investment firm led by crypto podcaster and analyst Andrew Steinwold, says it has raised $100 million for a new fund focused on non-fungible tokens (NFTs), with contributions from Marc Andreessen, the Winklevoss twins, and Digital Currency Group (which funds an editorially independent CryptoX).Steinwold told CryptoX that the fund,
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This week's surge in popular meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) could be signs that the good times are back and a quick glance at crypto Twitter shows a long list of tweets where aspiring traders discuss buying Lambos, quitting their day jobs and becoming a full-time
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As the profusion of new algorithmically-generated nonfungible token projects drives down the premium on digital rarity, digital history and being among the “firsts” has become a more reliable source of value. As a result, long-forgotten projects are being unearthed by on-chain sleuths, and yesterday they might have struck gold on
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Bitcoin (BTC) and cryptocurrencies look nothing like the Tulip Mania of the 17th century even after their rapid gains, one macro investor says.In a tweet on Feb. 15, Dan Tapeiro, co-founder of 10T Holdings, argued that in terms of price relative to average income, Bitcoin and Ether (ETH) still have
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Mike Shinoda, the musician and co-founder of rap-rock band Linkin Park, launched an auction on Rarible last night for “Zora,” a nonfungible token (NFT) music clip from a forthcoming song. In doing so, Shinoda joins an ever-growing throng of celebrities and influencers who are dipping their toes into NFT tech
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Could GameStop-style short-selling speculation show up in China’s stock market? Last week’s market frenzy in the U.S. may have inspired China’s crypto community to make more bets ondogecoin (DOGE) and bitcoin (BTC), but even the boldest traders are unlikely to try stirring up that kind of short-selling speculation in Chinese stocks.“The
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Shiv Malik is the author of two books, the co-founder of the Intergenerational Foundation think tank and a former investigative journalist for the Guardian. He currently evangelizes about a new decentralized data economy for the open source project Streamr. Last week, the eminent anthropologist and co-founder of the Occupy movement, David
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The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely. Today on the Brief:Markets recover slightly but vaccine trade falters as AstraZeneca pauses trials Bitcoin and gold correlation increases sharply around dollar instabilityMastercard launches simulation tools
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Robinhood suffers an outage as Bloomberg reveals an SEC probe of previous outages in March. On this major trading day, several other brokerage platforms went down. But Square Payments’ CashApp emerged unscathed, giving its stock a boost. Monday was brutal for stock brokerage app Robinhood. The same day the Bloomberg reported an SEC
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Gold surged 0.9% to $1,626.50/oz., a new seven-year high. Federal Reserve Board members are pouring cold water on expectations of gradual rate cuts this year. Stocks suffer a major setback over coronavirus, overvaluation fears. Gold charted a fresh seven-year high Thursday after the Federal Reserve’s top brass tried to temper the market’s expectation
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