(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Betwixt a placid pond and the high road rests an inn. That is where you shall find me, a...Read More
The prominent European investment firm, CoinShares, announced the launch of physically-backed staked Algorand ETP. Staked Algorand ETP (RAND) According to the official press release, the new crypto investment product will launch on Germany’s primary market, Xetra, operated by Deutsche Boerse. CoinShares Physical Staked Algorand, under the ticker RAND, will utilize the firm’s proprietary technology platform,...Read More
Devin Finzer – CEO of OpenSea – announced on Thursday that roughly 20% of employees have been let go by the NFT marketplace. The move is intended to better prepare the company for up to five years of a potentially “prolonged” crypto winter. Despite having faced the bear market before, Finzer said that the current...Read More
Bitcoin has slowly begun to decouple from equities, now nearing its lowest correlation with the stock market in 2022. A 40-day correlation coefficient between Bitcoin and the Nasdaq 100 index has fallen below 0.5 – levels not seen since January, according to Bloomberg. By comparison, the correlation was about 0.6 at the end of last...Read More
UnCaged Studios – the developers behind the Web3 esports game MonkeyLeague – have closed a $24 million Series A funding round. The round brings the organization’s total valuation above $150 million. The funding round was led by Griffin Gaming Studios, and included participation from Maverick Ventures Israel, Drive by DraftKings, 6th Man Ventures, and Vgames,...Read More
According to the tweet by the blockchain payments infrastructure, the validators of the network were working to identify and resolve the issue and asserted that no funds had been compromised. Celo block production did resume briefly before stalling again. The downtime does not appear to have affected the blockchain’s native token, CELO, which is slightly...Read More
COTI Network has announced that the protocol will undergo a hard fork, during which they will deploy MultiDAG 2.0 – the long-awaited update that will see the protocol transition to a multi-token layer. According to the official release, COTI Network is to undergo a hard fork during which MultiDAG 2.0 will be deployed. What’s cited...Read More
TL;DR: Perpetuals futures are financial instruments that have become increasingly popular in the crypto space. Coinbase demonstrates a hypothetical simple delta neutral strategy which takes advantage of positively skewed funding rates in the perpetual futures market to achieve a high return on investment. By The Coinbase Data Science Quantitative Research Team Systematic Trading Strategy A...Read More
Celsius Network shook up the entire crypto space with bankruptcy filing during the early trading hours. The native token CEL also responded negatively as the asset withstood a drop of nearly 50%. However, the community led a short squeeze in an attempt to recover the loss incurred as they believed the withdrawals may not be...Read More
Cardano‘s price is constantly trading close to $0.4 levels for the past couple of days aiming to surge beyond $0.5 shortly. The stagnant trend of the asset for a long time has been a huge matter of concern which has also diminished the volatility and the volume of the asset. However, in the times when...Read More
Several weeks after halting withdrawals due to a whale’s account going into negative equity, the crypto exchange has provided more details on how users will be able to withdraw at least certain portions of their assets. The company’s latest statement explained that CoinFLEX will “cancel all current pending withdrawals and return all funds to the...Read More
[PRESS RELEASE – Please Read Disclaimer] Digivault has entered into a partnership with poundtoken.io, the first British-Isles regulated stablecoin that is 100% backed by GBP. This comes as market volatility and liquidation events continue to drive investors to regulate stablecoins in an effort to safeguard portfolios and store wealth during the crypto winter. Launched this...Read More
Seychelles-based crypto exchange, OKX, announced acquiring a provisional virtual assets license in Dubai. As per the official press release, the license was awarded by the Dubai World Trade Centre Authority under the Dubai Virtual Assets Regulators Authority (VARA). OKX will now be able to offer certain services to qualified investors in the United Arab Emirates,...Read More
[PRESS RELEASE – Hong Kong, Hong Kong, 14th July 2022] Cryptocurrency exchange Bexplus has announced a generous new incentive program for its users. The platform promises rewards worth up to $5,000 to new users who sign up and make their first deposit. Its New Users Welcome Plan includes a slew of additional benefits. Launched on...Read More
Strategists at the American multinational investment bank JP Morgan Chase & Co recently revealed that bitcoin’s cost of production has dropped by nearly 50% over the last month. BTC Production Cost Plunges to $13k According to a note published Wednesday by the bank’s strategists led by Nikolaos Panigirtzoglou, the Bitcoin production cost is currently sitting...Read More
This article is part of our new series of crypto research content, produced by Bitcoin Magazine team and sponsored by BitMEX. To learn more about our wide-ranging partnership with Bitcoin Magazine, click here. A look at previous bitcoin bear market cycles shows two distinct phases of capitulation. In today’s issue, we will cover historical bear...Read More
On July 13, entertainment giant Walt Disney announced six companies are joining its 2022 Disney Accelerator. Among them was the layer-2 Ethereum scaling network Polygon. The business development program is designed to accelerate the growth of innovative companies. According to the announcement, Disney is focusing on emerging technology in the field of immersive experiences this...Read More
Celsius Network announced today that it initiated a voluntary Chapter 11 bankruptcy protection with the Southern District of New York. Consequently, Celsius’ native token recorded a dip of over 50% at one point and dumped to a monthly low before recovering some ground. According to Celsius, the need for bankruptcy protection will help it in...Read More
FrontFanz, a revolutionary censorship-resistant Web3 content-sharing platform with vast monetization opportunities, has closed its first private round. And now, FrontFanz has partnered with ExMarkets, the market-leading crypto crowdfunding platform, to conduct its 2nd round private sale on the 15th of July. The first public Initial Exchange Offering (IEO) will start on the 20th of July...Read More
Despite the steep decline in the cryptocurrency market, the games based on the metaverse continue to gather the attention of those who dream of finding a virtual land where everyone can enjoy a unique and fun experience beyond the barriers of the real world. On July 13, Tony Hawk, one of the world’s most famous...Read More
Protagonist – a venture capital firm that supports entities in the digital asset industry – launched a $100 million fund that will be distributed to early-stage crypto companies. The initiative was established by the firm’s Co-Founders – George Bousis, Dylan Macalinao, and Harry Hurst. Bear Markets Create Legends In a recent interview for Tech Crunch,...Read More
