Cryptocurrency Analysis and News Portal
Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors effectively sell their assets to themselves, with the intention of increasing the floor price of the NFTs to sell them at a
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In 2020, Wealthsimple dipped its toes into crypto by offering Bitcoin and Ethereum trading. Now, the online investment platform is fully embracing crypto by including capabilities like hosted wallets and several other coin options to trade. Of course, Wealthsimple isn’t the first financial services company to embrace crypto, signaling that
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An uptick in trading volume is one of the key components of a digital asset’s healthy market outlook. It indicates both robust liquidity and a surge in fellow traders’ enthusiasm for the token. The relationship between the asset’s price and trading volume is a nuanced one: Volume spikes often trail
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Investor-focused social media platform Stocktwits, which gained popularity during last year’s ‘retail short squeeze’ frenzy involving GameStop and AMCTheaters, rolled out its own crypto trading services on Thursday.Stocktwits has partnered with FTX.US to carry out its crypto trading services and is set to launch US equity trading next quarter. The
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The token, dubbed ZipangCoin (ZPG), will be sold to retail investors and will be linked to the price of gold in yen, procured by Mitsui from the London Metal Exchange, according to the report. The price of one ZPG will equal the value of one gram of gold and will
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Japanese trading house Mitsui is reportedly planning to issue a cryptocurrency pegged to gold, local news agency Nikkei Asia reported Friday.Called ZipangCoin (ZPG), Mitsui’s new digital currency will reportedly be issued as early as February and will be available to retail investors through cryptocurrency exchanges.The stablecoin will be linked to
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In the broader cryptocurrency market, most of alternative cryptocurrencies (altcoins) were also in red on Thursday. Ether, the second-biggest cryptocurrency by market capitalization, was trading at about $2,660, down approximately 1% in the past 24 hours, according to CryptoX data. Source
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The NFTs market had one of its best months yet in January with a record trading volume of $6 billion while cryptocurrencies like Bitcoin and Ether plunged dramatically over the investors’ fear of the Federal Reserve (FED) tightening. Related Reading | TA: Ethereum Breaking This Confluence Resistance Could Spark a Fresh Surge The
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Deribit, the biggest crypto options exchange, wrote in a newsletter to investors on Thursday that the volume of option trades on its platform in ether (ETH), the native cryptocurrency of the Ethereum blockchain, rose to a record 5.4 million in January, up 36% from the volume in December. Source
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On Wednesday night, the Wormhole bridge suffered an exploit to its Solana-Ethereum bridge, with an attacker fraudulently minting 120,000 ether (ETH) worth over $320 million. The attacker moved the majority of the funds to the Ethereum main chain, while keeping 40,000 wrapped ETH on Solana and trading portions of that
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