Over the past few months, Ethereum has been constantly moved off exchanges. The outflows have been significant since 2020 and the market has considered the situation to be extremely bullish. While it does carry positive traits, the actual gravity of the situation hasn’t been properly clarified. Ethereum moving out of exchanges may have a fundamental …
This Ethereum factor plays a fundamental role in the 2021 rally Read More »
PayPal’s social payment arm Venmo has officially launched the service to let its users buy, hold and sell crypto assets within its mobile app. The company said in an announcement that the service, called “Crypto on Venmo,” starts to roll out on Tuesday and will be available for all customers directly in the Venmo app …
PayPal’s Venmo now allows users to buy and sell crypto Read More »
The Bank of England and HM Treasury have jointly created a taskforce to explore a potential central bank digital currency (CBDC) in the U.K. Announcing the news on Monday, the two government authorities said they have not yet decided whether to introduce a CBDC in the U.K. but will explore its use cases and risks. They will …
Bank of England, HM Treasury establish new taskforce to explore digital currency Read More »
Filecoin’s price has been hit by the sudden volatility that dragged the entire crypto market yesterday. However, the digital asset has been back on a recovery run. With a market capitalization of $10.46 billion, Filecoin ranked 17th on the CoinMarketCap list. At the time of press, FIL was being traded at $150. Filecoin 6-hour chart …
$7.6 billion in crypto long positions have been liquidated over the past hour as bitcoin’s price plunged to $52,000, data from bybt.com shows. Bitcoin’s price began to trend downwards early Saturday, but the steep plunge began around 3:00 UTC on Sunday. Bitcoin’s price dropped by more than 10% over the past hour, from $58,000 to …
Bitcoin plunges to $52,000 as $7.6 billion in crypto long positions liquidated Read More »
Dapper Labs, the NFT development platform behind NBA Top Shot, is raising money at a $7.5 billion valuation in a round led by Coatue Management, according to the tech news publication The Information. The three-year-old Dapper Labs had just completed a $305 million funding round on March 30, which valued Dapper at $2.6 billion. That …
NFT platform development startup Dapper Labs valued at $7.5 billion Read More »
The past week saw a lot of growth across the cryptocurrency market, with Bitcoin and Ethereum seeing their values pushed towards new all-time highs. However, it is safe to say that the digital assets market is no longer just about the top two cryptos in the market, with DeFi coins such as YFI registering significant …
Recent security incidents in several coal mines in China appear to have had a ripple effect on bitcoin’s mining hash rate. Over the past two weeks, there have been three security accidents in coal mines in China’s Shanxi, Guizhou and Xinjiang provinces due to gas explosion and flooding, according to Chinese state media Xinhua. The …
China coal mine accidents may be behind bitcoin’s hash rate drop Read More »
Bitcoin’s latest price rally may be short-lived according to on-chain analysis and increasing selling pressure across exchanges. However, altcoins in the top-50 are well above their average prices over the past week, especially in light of the increasing demand on spot exchanges. Among these rallying alts, NFT tokens have done extremely well too. Ergo, the …
Why Bitcoin’s price rally is killing the buzz of NFT tokens CHZ, ENJ, FLOW Read More »
Quick Take The Danish Red Cross has teamed up with blockchain startup Replexus to issue the first-ever blockchain-based catastrophe bond. So-called cat bonds let the relief organization raise money that can be spent immediately in the event of a disaster. But why does the bond need a blockchain? This feature story is available to subscribers …
Why the Danish Red Cross put a volcano catastrophe bond on a blockchain Read More »