The ongoing crypto winter has been so far uneasy for investors, but for true believers of the new technology, it seems like time to double down their efforts on high-potential projects. Fintech-focused US VC firm Lightspeed Venture Partners announced the launch of a new blockchain-focused team – Lightspeed Fraction – to invest in early-stage blockchain...Read More
Solana-based move-to-earn application amassed $122.5 million in profits through its platform fees in Q2 2022. Fund Deployment According to the official announcement, STEPN plans to use 5% of the profits generated to commence a Q2 GMT buyback and burn program. It said that GMT and sneakers will be part of the program. STEPN also revealed...Read More
Monthly returning buyers of Ethereum-based NFTs bounced back to 45,000 in June after seeing less than 35,000 in May, according to blockchain analytics service Nansen’s Q2 NFT report. The firm analyzed six indexes of NFTs denominated in ETH, finding that the gaming index got hit the most, 59.6% down from the beginning of the year....Read More
Crypto spot and derivatives volumes across exchanges have fallen more than 15% since May to around $4.2 trillion amid the extended market correction, according to data collected by CryptoCompare. It shows that the market has failed to recover from the historical damage done in the second quarter of this year. Volume Slump Persists Crypto trading...Read More
The European Central Bank (ECB) has voiced concerns about the significant carbon footprint of Proof-of-Work (PoW) mining while hinting at a possible ban on such crypto assets, including Bitcoin, by 2025. In a paper published earlier this week, the bank’s researchers argued that Bitcoin and Ethereum have a significant carbon footprint and consume similar amounts...Read More
Long-term bitcoin holders have not disposed of their holdings into the market weakness as short-term speculators are mainly responsible for the heavy selling that exacerbates the asset’s nosedive, according to Coinbase’s latest monthly report. Miners and crypto firms that are forced to liquidate their positions to stay solvent amid a liquidity exodus have shown that...Read More
The market is frequently introduced to audacious blockchain projects that are underdeveloped and frequently miss the criteria necessary to cater to an educated investment pool. But Arweave brought a fantastic blockchain idea that enables people to bet favourably on its potential value in the cryptocurrency market. Arweave has been on a rollercoaster ride ever since...Read More
The crypto space appears to be preparing for a bearish weekend as most of the assets are on the verge to experience a significant drop. The Bitcoin price is currently swinging around $20,500 and the global crypto market capitalization also has witnessed a slight growth that may keep up a bullish momentum alive. Therefore, some...Read More
