May 7, 2022 – Tenerife, Spain After a couple years riddled with tension brought about by the Covid-19 pandemic, the world’s reaction to it and the struggles of the global economy to get back on track, people are starting to remember what it feels like to be normal again. The need to find strong investments …
Continue reading “Esco Property Group Launches Turnkey Solution for Real Estate Crypto Investments”
May 9, 2022 – London, United Kingdom CULT DAO, a blockchain-based DAO seeking to advance the decentralized finance revolution, announces Revolt (RVLT), which attracted the attention of Anonymous. The decentralized international activist and hacktivist group seems to support CULT DAO’s most recent concept, as it appears in the group’s recent Twitter bio and likes. This …
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Global equity markets extended their decline on May 9 and the S&P 500 fell to a new 52-week low. Bitcoin (BTC) dropped to a new year-to-date low and most major altcoins extended their decline as they tracked the weakness in the stock markets. Data from blockchain analytics firm Glassnode shows that Bitcoin inflows to centralized …
Continue reading “Price analysis 5/9: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, DOGE, AVAX, DOT”
Cryptocurrency investment manager Galaxy Digital Holdings reported a sharp loss in the first quarter due to unrealized losses in its digital asset portfolio, underscoring heightened volatility in the digital asset sector in 2022. Galaxy Digital reported a net comprehensive loss of $111.7 million in the quarter ending March 31, compared to a gain of $858.2 …
Continue reading “Galaxy Digital reports $112M Q1 loss, citing crypto price volatility”
Cointelegraph Research conducted a first-of-its-kind survey querying over 2,000 global crypto funds and certificates to gain an insight into their investment allocations during 2021. The survey was conducted via email between March 2021 and December 2021. The 200 funds that responded collectively managed approximately $1.2 billion in cryptocurrency and blockchain investments. Interestingly, the study found …
Continue reading “Over 20 investment funds hold Dash, and 40 more plan to add it: Report”
Last week, 55,000 parcels of “virtual land” were sold on the Ethereum blockchain for more than $300 million, the largest nonfungible token (NFT) mint ever. It wasn’t without controversy. In return for shelling out close to $6,000, a purchaser received an Otherdeed NFT, which authenticates that buyer’s ownership of a patch of digital real estate …
Continue reading “Largest NFT mint ever: Making sense of Yuga Lab’s ‘virtual’ land bonanza”
The Bitcoin price prediction shows that BTC is currently down by 3.04% after terribly crossing into the negative side. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $38,000, $40,000, $42,000 Support Levels: $28,000, $26,000, $24,000 BTCUSD – Daily Chart Buy Bitcoin Now The daily chart reveals that BTC/USD is now trading below the …
Quick take: Compound Finance’s Treasury has received a B- credit rating from S&P Global Ratings This makes Compound Finance the first institutional DeFi offering to be rated by such a credit agency Traditional institutions have begun to weigh the significance of DeFi services Regulatory clarity could increase Compound Finance’s ratings and see more DeFi protocols …
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Fears that TerraUSD (UST) will de-peg following weekend volatility have increased after it fell below $0.980. The algorithmic stablecoin saw increased sell pressure on May 7 as more than $300 million in UST was sold via Curve Finance. Luna Foundation Guard (LFG) — supported by Terraform Labs CEO Do Kwon — issued $1.5 billion in …
Continue reading “Terra’s UST in free fall, drops 200 basis points against the dollar”
The CTO of the popular programming framework Qt — which tech giants like Adobe use, Tesla, Blackberry, Google, and Blizzard — called cryptocurrency a “Ponzi scheme” on May 6. However, the company has blockchain technology mentioned several times on their website and even claims; Satoshi Nakamoto—used Qt to create the first Bitcoin wallet, called the …
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Thieves in the U.K. are now mugging digital investors and stealing victims’ phones to access their crypto investments, the Guardian reported, citing London Police. The city of London police informed the newspaper of the rise in tech-savvy crimes to raise awareness and to warn residents to be cautious. Crypto mugging on the rise Several people …
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The Fear and Greed Index fell to 11 on May 9 after the latest crypto market sell-off, representing a 7-point drop from May 8 and placing sentiment firmly within ‘extreme fear’ territory. Source: alternative.me The Fear and Greed Index is compiled using five types of data sources with varying degrees of weighting. Volatility and market …
Continue reading “Sentiment sinks to 4-month low, is it time to accept crypto winter is here?”
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great deal of speculation concerning UST losing …
BTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. The selloff in cryptocurrency started last week, following the Fed’s decision to hike interest rates by 0.5%. In addition to bitcoin, ETH hit a two-month low as a result of the red wave. Bitcoin Bitcoin slipped to …
Continue reading “Bitcoin, Ethereum Technical Analysis: BTC Slips to 10-Month Low, Below $33,000”
The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited hyperinflation and still suffers high levels of inflation. However, the establishment of a 3% …
