The NFT sector has seen exponential growth, tripling in transactions since January and pushing through the market crash this month. The popularity of non-fungible tokens, or NFTs, shows little sign of slowing down, despite the extraordinary marketwide crash that wiped more than $1 trillion off the crypto market cap. According to a report by decentralized …
Continue reading “NFT volume has more than tripled — even amid price crash — as Meme.com raises $5M”
Virtue Poker revealed plans to organize a high-stakes 12-player celebrity poker tournament on its platform, live-streamed on Twitch, with the winner donating the event’s proceeds to their preferred charitable organization. Celebrity Charity Tournament Features NFTs & Giveaways Virtue Poker, one of the first decentralized casinos to use Ethereum and peer-to-peer networking, will soon host a …
Billionaire investor Carl Icahn, the founder of Icahn Enterprises, says that his company is exploring how to get involved in cryptocurrency “in a relatively big way,” which he said could be an investment of about $1.5 billion. Carl Icahn Exploring Getting Into Cryptocurrency Carl Icahn, the founder and controlling shareholder of Icahn Enterprises, a diversified …
Denmark’s central bank governor Lars Rohde says that he can be tempted to ignore cryptocurrency, stating that it is not a threat to the central bank at present. However, he pointed out that the real threat could come from big technology companies “invading the currency area or the transaction means.” Denmark’s Central Bank Governor Tempted …
A Zimbabwean fintech lawyer, Prosper Mwedzi, recently initiated a process that seeks to bring recognition and regulation of cryptocurrencies. Under this private member bill procedure, a legislative proposition initiated by private citizens will be debated in the Zimbabwean parliament. If the crypto regulation bill succeeds in garnering the required support, it will become part of …
A look at the last week of crackdowns, including a ruling from Vice Premier Liu He. Hong Kong echoes Beijing with stricter controls of their own, limiting retail investors in the administrative region. This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential …
Continue reading “Shanghai Man: Miners banned, exchanges targeted? Here’s what’s really happening”
It is not the first time Uniswap governance has been dominated by a whale. The effect of whales on Uniswap governance is a topic of hot debate once again after Harvard’s blockchain group threw a massive amount of voting power behind its own proposal. The proposal, made on May 27 by the Harvard Law School …
Gamestop may be working on its own NFT marketplace, while Rookie of the Year candidate LaMelo Ball is set to drop 500 Dynamic NFTs. It appears that “r/wallstreetbets” favorite meme stock company GameStop is in the process of developing its own NFT marketplace. Oh wow, @GameStop is launching an NFT platform https://t.co/3lkqgJTiwS pic.twitter.com/3BT1Szo9qJ — Brad …
Blockchain development platform Reach is aiming to create universally compatible DApps by building a JavaScript-like programming language. Reach, a blockchain development platform for decentralized applications, has raised $12 million from investors to further its goals of simplifying the DApp creation process, the company announced on Wednesday. The latest funding round takes the total sum raised …
Continue reading “Blockchain platform raises $12M to build JavaScript-like DApps”
Traders remain cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity while the crypto market awaits the next major move. Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s …
Continue reading “Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000”
DeFi is in the spotlight and Bitcoin fans may be getting jealous in this week’s Finance Redefined. As a kid who grew up in a podunk-nothing, mid-sized American city, I know what it’s like to read parachute journalism covering topics and stories close to my heart. Some bad news for my fellow DeFi brethren: you’re …
Continue reading “Finance Redefined: Parachute journalism on the frontlines of DeFi! May 19-26”
The 20-day EMA and 50-day SMA are often used by traders to observe the market’s momentum and calculate the best time to enter and exit an asset. The first step to successful trading is the identification of medium- and short-term trends. Traders who remain on the right side of the trend and use risk management …
Continue reading “3 ways traders use moving averages to read market momentum”
Talos seeks to accelerate institutional adoption of digital assets. It now has some of the industry’s biggest backers supporting its mission. Talos, an up-and-coming institutional technology provider for cryptocurrency trading, has secured $40 million in Series A funding from some of the biggest venture capitalists in the digital asset market. The raise, which was led …
Continue reading “Andreessen Horowitz leads $40M investment round into crypto-trading platform”
According to data from Skew Analytics, more than 55,000 bitcoin options contracts worth $2.2 billion will expire on Friday. Statistics further show, as far as options are concerned, Deribit captures the lion’s share of contracts with 48,469 bitcoin options contracts ($1.95 billion notional) set to expire. 55K in Bitcoin Option Set to Expire, Deribit Carries …
Like Bitcoin, DeFi’s ambition to build a fully decentralized global network is the fundamental source of its revolutionary characteristics – that of being trustless and enabling disintermediation. It is these two characteristics that build the core value of DeFi and determine its long-term market growth. It’s easy to see why this is so: On the …
