While the 2022 bear market grazed off the excitement around the budding crypto sub-ecosystems such as nonfungible tokens (NFTs), the Metaverse remains well-positioned for long-term disruption. Considering the myriad consumer and business-centric use cases the metaverse could cater to, a McKinsey & Company report highlights the technology’s potential to generate up to $5 trillion in …
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The NFT-focused company was founded by early-stage Facebook and Twitter investor Kevin Rose, and designer Justin Mezzell in February 2022. The company also has the Proof Collective and Oddities NFT collections in its catalog. Announcing the move via Twitter on Jan. 6, Rose suggested that the goal of the deal is to get the Moonbirds …
Continue reading “Bluechip NFT project Moonbirds signs with Hollywood talent agents UTA”
Both halves of FTX have agreed on a plan to maximize stakeholder recoveries. 2 min read Updated: January 7, 2023 at 12:33 am Cover art/illustration via CryptoSlate The two halves of FTX — its debtors in the U.S. and its liquidators in the Bahamas — have agreed on an asset recovery plan according to a …
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Nexo won’t acquire the customers or assets of its failed competitor. 2 min read Updated: January 7, 2023 at 1:24 am Cover art/illustration via CryptoSlate Crypto lending firm Vauld has rejected a long-standing acquisition offer from its larger competitor, Nexo, according to various reports on Jan. 5. In a private letter, Vauld co-founder and CEO …
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The Thai Securities and Exchange Commission (SEC) has launched a crypto academy where investors can learn about digital assets free of charge before investing. “The more you know your investments, the less risk you will have,” the Thai regulator emphasized. Thai SEC’s Crypto Academy Launched The Thai Securities and Exchange Commission (SEC) announced Wednesday that …
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The U.S. Securities and Exchange Commission (SEC) has charged the team behind Coindeal, a $45 million fraudulent crypto investment scheme. The regulator explained that the defendants falsely claimed that Coindeal “would generate investment returns of more than 500,000 times for investors.” SEC Takes Action Against Coindeal Crypto Fraud The U.S. Securities and Exchange Commission (SEC) …
A top Internal Revenue Service (IRS) official says, “Cryptocurrency is here to stay,” and “it’s becoming more legitimate.” The official added that the U.S. tax authority is looking to partner with crypto companies, noting: “I don’t see how we can operate in this space without it.” Top IRS Official Says Crypto Is Here to Stay …
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Cardano (ADA) has seen some pretty tragic price action in the last couple of months, which has dragged its price down toward two-year lows. It still continues to maintain this downtrend and is barely moving, just like the rest of the crypto market, but some developments among large ADA investors could see some bullish momentum …
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In its latest quarterly update, Grayscale announced the rebalancing of funds for the fourth quarter of 2022. As part of the rebalancing, Grayscale sold off a certain amount of its Digital Large Cap Fund and dumped its held tokens, including Avalanche Network token AVAX. AVAX has slipped by 2% following the sell-off in the past …
Cardano (ADA) is currently trading at $0.2752, with an increase of over 65% in its trading volume at $304.79 million. Its price change in 24 hours is +$0.006083 representing a 2.17% increase. Also, the 24-hour low of ADA is $0.2681, while its high is $0.27562. The market capitalization has risen by 2.25% to $9.51 billion. …
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The crypto market is still recording the swings of the prevailing crypto winter, especially XRP. Most of the assets have not been impressive in their price movements. According to data from CoinMarketCap, the crypto market has pushed the cumulative market cap to around $812.00 billion. This indicated a drop of 0.88% over the past 24 …
Continue reading “XRP Whales Move Assets As Price Dips, What’s Next?”
On-chain data shows the Bitcoin exchange depositing transactions are now at a 4-year low, indicating that the bottom may be here. Bitcoin 30-Day MA Exchange Depositing Transactions Have Declined As pointed out by an analyst in a CryptoQuant post, the metric’s current levels are the same as in Q1 2019. The “exchange depositing transactions” is …
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Non-fungible token (NFT) marketplace SuperRare has announced a 30% staff-member cut as CEO John Crain explained that the firm mistakenly over-hired during the last bull market. In a Jan. 7 tweet, Crain shared a screenshot of his message to SuperRare’s Slack channel announcing the 30% cut, stating that he had “some tough news to share.” …
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Popular crypto analyst Michaël van de Poppe says that Bitcoin (BTC) may reach a new low if it fails to defend a vital support level. In a new YouTube strategy session video, Van de Poppe tells his 163,000 YouTube subscribers that Bitcoin needs to see buying support to keep it above $16,750 or the king …
Deep-pocketed crypto investors are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH) and three other altcoins. New data from whale-surveying platform Whale Alert finds that deep-pocketed traders have moved over $315 million worth of the king crypto in two separate transactions. The first transaction happened on January 4th when a …
