Cryptocurrency Analysis and News Portal
The Terra network and Do Kwon rose to the highest tier of the crypto world thanks to big-shot investors, only to fall apart within a few days in May 2022. On May 7, the price of the then-$18-billion algorithmic stablecoin UST, which is supposed to maintain a $1 peg, started
Read More
Data shows BOB prices quickly fell from $0.000031 to $0.000016 on Sunday as traders likely reacted to Twitter’s actions, reaching a market capitalization of $13 million. As such, the tokens have been in a nearly continuous slide since early May, when they reached a peak capitalization of $74 million. Source
Read More
Amid lower fossil fuel costs, BP’s profits tanked in comparison to the bumper profits recorded in 2022. On Tuesday, May 2, oil major British Petroleum (BP) reported stronger-than-expected first-quarter (Q1 2023) profits, and rising from the previous quarter i.e. Q4 2022. However, the numbers were down from the exceptional profits
Read More
According to Dappradar, there were only 12,000 active NFT traders on Saturday, March 11 – the day after the bank was shut down – a number not seen since November 2021. Saturday also saw the lowest number of single NFT trades in 2023 thus far, totaling 33,112. Source
Read More
A federal judge has dismissed a class action complaint asserting Binance violated U.S. securities laws by not registering as a broker-dealer or exchange, and sold crypto tokens which were not registered with the U.S. Securities and Exchange Commission (SEC).The original complaint filed in the U.S. District Court for the Southern
Read More
Everybody loves a crypto bull market, but every green wave inevitably gives way to periods of sideways or downward movement.Skilled traders know that these phases of the market cycle can be rife with profit opportunities, too. Anticipating not only a digital asset’s upward price movements, but downturns and corrections can
Read More
The monster-battling game that uses non-fungible tokens (NFTs) to reward players made 64,933.71 ether (ETH), worth $220.32 million, in September, down from a record $342 million in August, data center Axie World shows. While September’s figure represents a nearly 3,000-fold year-on-year growth, it’s only about 10% of the pace of
Read More
Bitcoin prices tumbled 6.2% Thursday, falling below $11,000 for the first time in a month. The price drop trimmed the largest cryptocurrency’s 2020 rally to 50% and sent digital-asset market traders and analysts scrambling to explain the sell-off. Here are three reasons cited by analysts: 1. Bitcoin slid in sync
Read More