The recent crash of the cryptocurrency market seems to have affected Coinbase. The leading digital asset platform will reportedly stop hiring employees for two weeks, freeze some business projects, and cut down its spending on Amazon Web Services. Coinbase Temporarily Hits the Brakes The past several weeks and months didn’t go well for the cryptocurrency...Read More
The collapse of Terra’s ecosystem – more specifically, the depeg of UST and the subsequent crash of LUNA – are undoubtedly crypto’s hottest story in 2022 and perhaps even beyond. Speaking on the matter was the founder of Avalanche – Emin Gun Sirer. He noted how Terra’s previous growth affected other blockchains and what its...Read More
Ethereum layer-two (L2) scaling solution Optimism announced an upgrade called Bedrock on its network, with the benefits of lower fees and faster speed for transactions completed through the Optimistic Rollup. The new feature is designed to be the first EVM-based rollup with Ethereum’s level of security and a much cheaper cost for transactions. Bedrock Arrives...Read More
Bitcoin in the recent past faced a notable death cross and since then the prices have dropped massively by nearly 40% until the press time. Death cross usually refers to 200-day MA levels crossing the 50-day MA levels in a daily chart and heading towards the south. Often, this event is considered pretty bearish which...Read More
Riksbank – the central bank of Sweden – has joined a chorus of other monetary authorities in rejecting Bitcoin’s status as “currency”. It argues that cryptocurrencies are poor at serving the three primary roles of money, and more closely resemble assets instead. The Litmus Test for Money As Riksbank explained in a Twitter thread, proper...Read More
The frantic price action in the cryptocurrency market does not seem to faze the uber-bullish billionaire CEO of tech firm MicroStrategy. Michael Saylor has yet another bold prediction for Bitcoin, even as his favorite cryptocurrency struggles to hold on to the $30,000-mark. The exec, who started to build up his Bitcoin reserve in 2020, reiterated...Read More
The popular memecoins, Shiba INU & Dogecoin are currently displaying a similar price action that could end up in an interim bearish trend. Both the assets are currently in deep trouble as the bearish pattern has been extended from the past a long time. And as the flip always gets nullified very quickly, the strength...Read More
The Animoca Brands subsidiary – The Sandbox – purchased the Uruguayan technology company Cualit, aiming to accelerate the progress of the Web3 ecosystem and blockchain industry. Shortly after the deal’s announcement, the price of the native token of The Sandbox – SAND – soared by nearly 12% and is currently trading at about $1.35. One...Read More
Cryptocurrency markets hold support exceptionally well this Friday as Bitcoin hovers at the $30k level and Ethereum manages to keep the $2k support line. Last night, Bitcoin rallied from $28k to a high of $30.1k as the global and US market sentiment is starting to stabilize. Many wonder whether the LUNA and UST debacle added...Read More
[PRESS RELEASE – Please Read Disclaimer] StonkLeague, an NFT crypto game in which players earn and can obtain verified reputations, is pleased to announce the release of GameFi Player Rankings. The rankings have been designed to allow gamers, investment advisors and finfluencers to build valuable, verified reputations in the crypto gaming and DeFi markets through...Read More
A Singaporean citizen has managed to successfully block the sale of one Bored Ape Yacht Club (BAYC) NFT through a court-ordered injunction. According to the court filing seen and reported by Bloomberg, the plaintiff used the NFT as collateral for a loan on the NFTfi platform. The collector decided to use the BAYC collectible since...Read More
The crypto market shed trillions of dollars in value over the past couple of weeks, inducing fears it could hurt the larger economy. But Goldman Sachs economists are not worried about any possible impacts on US households. Goldman Sachs Weighs In Goldman Sachs economists led by Jan Hatzius estimated in a note said that US...Read More
Arguably the most anticipated event in Ethereum’s 7-year-old history could come in the next few months, asserted the project’s co-founder as well as a couple of core ETH developers. This should happen before the “difficulty bomb” slows down the network. Speaking at a panel during the Permissionless conference, ETH core developer Preston Van Loon noted...Read More
Commonwealth Bank (CommBank), the largest bank in Australia, has reportedly suspended its planned in-app cryptocurrency trading pilot without setting a new timeframe for when it would resume the service. CommBank Pauses Crypto Services at Pilot Phase According to the Guardian Australia, on Thursday (May 19, 2022), Matt Comyn, the chief executive officer of the Commonwealth...Read More
Julius Baer Group – the Swiss private bank with over $110 billion in AUM as of 2021 – revealed that it will offer digital asset services to high-ended clients. A pilot program has been currently installed to test token booking, trading, and compliance. The group will integrate cryptocurrencies into its wealth management services by first...Read More
On May 9th, 2022, Terra (LUNA) made international headlines after its stable coin, UST lost its peg for the second time in two days. The fear that followed resulted in the Terra ecosystem collapsing on May 10th. Terra has lost 99 percent of its value in just 48 hours. The crypto community has been outraged...Read More
Renowned VC firm – Andreessen Horowitz (known as “a16z”) – announced launching a $600 million fund, GAMES FUND ON, dedicated to investing in the gaming industry. It has garnered support from industry leaders, including the founders and cofounders of Roblox, Blizzard, Riot Games, Discord, Twitch, and more, for building the next generation of digital games....Read More
