• Bitcoin has surged beyond $26,000 as interest rate expectations flip. • The sudden collapse of Silicon Valley Bank and Silvergate shook the market. • Investors are now betting that the Fed is more or less done with interest rate hikes. Why is Bitcoin Going Up? Bitcoin has surged beyond $26,000 as interest rate expectations flip. Inflation readings provide further […]
Weiterlesen• Polygon (MATIC) price faces a potential dip to $0.94 if bears breach the current support area. • Bitcoin’s outlook suggests bears are not ready to give up territory around $22,500, which could catalyse fresh losses for MATIC. • If the current support at $1.15 holds, bulls could reclaim $1.18 and possibly push MATIC/USD to $1.25 or higher. Polygon Price […]
WeiterlesenDigital Currency Group Reports $1.1 Billion Loss for 2022 Digital Currency Group (DCG) reported a loss of $1.1 billion for the financial year 2022. The company had total assets of $5.3 billion as of December 31, 2022, with cash and cash equivalents amounting to just $262 million. The losses were mainly due to the crypto market crash and a major […]
Weiterlesen• Do Kwon, founder of Terraform Labs, has been charged by the SEC for defrauding investors • The SEC alleges that Kwon cashed out a massive $100 million worth of Bitcoin through a Swiss bank • Kwon is currently on the run from authorities Do Kwon Charged with Fraud The United States Securities and Exchange Commission (SEC) yesterday announced charges […]
Weiterlesen• The supply of Bitcoin is capped at 21 million coins, and 19.3 million are currently in circulation. • Two-thirds of the Bitcoin supply has not moved in over a year, which is an all-time high. • Long-term holders are growing despite market carnage, with 49.3% of the supply unmoved for 2+ years and 28.1% unmoved for 5+ years. Long-term […]
Weiterlesen• Equinoz’s ‚Cybernetics‘ artwork was sold out within 4 minutes on the NFT marketplace playNomm. • The artwork was bought out by a collector for 40,120 LM, equivalent to US$ 16,937. • Equinoz is a 3D artist who creates delicate and intertwined images between virtual and reality. On the 31st of January, the NFT marketplace playNomm (CEO, Sung-Uk Moon) held […]
Weiterlesen• BlockFi filed for Chapter 11 bankruptcy in November 2022 citing exposure to the just collapsed FTX. • The crypto lender plans to sell off $160 million in loans backed by Bitcoin mining hardware as part of the bankruptcy legal proceedings. • Bidders have until January 24 to send offers. In November 2022, BlockFi, a cryptocurrency lending service, filed for […]
Weiterlesen• Ethereum developers have launched the first “shadow fork” of the upcoming network upgrade Shanghai. • The shadow fork allows developers to test code before it deploys on the public blockchain. • Over 16 million ETH have been locked since Ethereum began the transition from proof of work to proof of stake chain. Ethereum developers have successfully deployed the first […]
WeiterlesenMore and more individuals are looking to digital assets for investment opportunities as the global economy develops. Over the past ten years, the value of Bitcoin, the first and most widely used cryptocurrency in the world, has steadily increased. Bull runs in the price of bitcoin have been created as a result of this and market volatility, which may be […]
WeiterlesenThis Week’s Summary The Crypto Market ends the week with a market cap in the range of 1,645 trillion. Bitcoin is trading around the same rate that it did last week following an increase of 0.5 percent increase. Ethereum is up nearly 11% over the last seven days. The price of XRP has risen more than 6 percent over the […]
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