Friday, April 26, 2024
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NFT market revives as major collections soar in sales and volume

Major NFT collections see increased demand as sales and trading volume soar across several networks.  As the crypto market rallied after a prolonged crypto winter, the non-fungible tokens (NFT) market also hints at a comeback — the trading volume of several major collections recording significant highs after months of steady decline.  According

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Bitcoin Miner Iris Energy Revives High-Performance Computing Strategy Amid Booming Interest in AI

Given recent developments, "the time may be right to expand into this sector," using either Iris Energy's existing sites or the ones under construction, the company said. The miner has procured items with long lead times to expand to build out another 100 megawatt (MW) facility, which would bring its

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Bitcoin $BTC Price’s Declining Correlation with Stocks Revives Its Investment Appeal: K33 Research

A portfolio with 3% weight in BTC, 58.5% in stocks and 38.5% in bonds has outperformed the classic 60% equities, 40% bonds investment over the years. Even when it’s measured from January 2018, near when cryptocurrency prices entered a two-year bear market, the portfolio that included BTC would have outperformed

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Coinbase to help UK on Web3 hub as Treasury reportedly revives blockchain taskforce

The United Kingdom could "turbocharge" its crypto sector and be an "innovation hub for the Web3 economy" as part of a vision laid out by cryptocurrency exchange Coinbase.The comments by the exchange coincide with an April 17 Sky News report that the U.K. Treasury is set to revive the Asset

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FTX Contagion Revives Dreaded 2022 Crypto Knell – the ‘Withdrawal Halt’

Technically it means that a crypto exchange or lender has gated customers from being able to get their money or digital tokens back – typically because there’s just not enough assets on hand to meet redemption requests. The likely upshot, though, is that the business is unlikely to recover easily

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Bitcoin Tops $42.5K, Commerzbank Revives Hopes of Mainstream Crypto Adoption

"Despite retail being fearful and uninterested, institutional adoption continues as the second-largest listed bank in Germany, Commerzbank, has now applied for a local crypto license," Marcus Sotiriou, an analyst at the U.K.-based digital asset broker Global Block said. "This would allow it to provide exchange and crypto-asset services and become

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