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NFT Market Remains Resilient With 1.23% Increase in Sales, Ethereum Dominates With 81% of Total NFT Settlements
5.2.2023
Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for more than 81%...
Bitcoin, Ethereum Technical Analysis: ETH Remains Near $1,700 to Start the Weekend
4.2.2023
Ethereum continued to trade close to a key resistance level of $1,700 on Saturday, following Friday’s U.S. non-farm payrolls (NFP) report. Yesterday’s report showed that 517,000 jobs were added to the U.S. economy in January, better than the 185,000 many were expecting. Bitcoin mostly...
Indian Government Introduces New Crypto Tax Penalties
2.2.2023
The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her Budget speech this year. Crypto income remains taxed...
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation
1.2.2023
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like...
Crypto Assets Under Management Surge 36.7% in January as Markets Recover, But Grayscale Situation Remains “Delicate”
1.2.2023
Read More: Crypto Assets Under Management Surge 36.7% in January as Markets Recover, But Grayscale Situation Remains “Delicate”
Phil Spencer Says Halo Studio Remains ‘Critical’ To Xbox Despite Cuts
28.1.2023
Things haven’t been going great for Xbox recently. Microsoft is facing stiff resistance in its attempt to acquire Activision Blizzard. It released hardly any big exclusive blockbusters last year. And it just cut over 10,000 jobs last week, including many senior developers at Halo Infinite studio...
Financial Advisors See Strong Interest in Crypto — 90% Receive Inquiries About Crypto Investing, Survey Shows
27.1.2023
A new survey shows that interest in cryptocurrency remains strong among financial advisors’ clients. “Despite market performance, the most common question was: ‘Should I consider an investment in crypto?'” the survey results reveal. Financial Advisors Bullish About...
Marvel’s Avengers Is Dying, But Spider-Man Remains Trapped On PlayStation
23.1.2023
Late last week, Square Enix announced that its beleaguered 2020 live-service game, Marvel’s Avengers, will no longer receive new content or major updates after March 31. And all official support for the game will end on September 30, 2023, with digital sales ending on that date too. While you’ll...
FTT Order Flow Fairly Balanced After 150% Rally, but Liquidity Remains Thin
23.1.2023
Price takers have been placing large market buy orders at the same pace as market sell orders, data from Kaiko Research show. However, overall liquidity remains thin, implying a high risk of sudden price crash
Bitcoin, Ethereum Technical Analysis: BTC Remains Near $23,000 to Start the Week
23.1.2023
Bitcoin continued to hover around the $23,000 level on Jan. 23, as bullish sentiment remained high in markets. Over the weekend the world’s largest cryptocurrency rose to its strongest level since August, with bulls moving to consolidate these gains. Ethereum also traded in the green today...
Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days
20.1.2023
Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022. WBTC Remains Largest Operation in Terms of Bitcoin Custody...
Brazil’s Nubank Remains Bullish on Crypto with New Token Listings
16.1.2023
The Brazilian neobank Nubank’s decision to list polygon (MATIC) and uniswap (UNI) on its banking app has been met with enthusiasm from the crypto community.
Nubank first began its crypto pivot in mid-2022, when it announced it would buy bitcoin (BTC) using its balance sheet. The company claimed...
Citi Says Solana Blockchain Activity Remains High
13.1.2023
Active addresses and daily NFT trading volume have returned to levels last seen before the collapse of crypto exchange FTX, the report said
Ether Hits Two-Month High Ahead of US CPI; Market Breadth Remains Weak
12.1.2023
Ether rose above $1,400, topping the 200-day moving average for the first time since Nov. 5
UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective
12.1.2023
The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation...
Cameron Winklevoss: 'There is no path forward as long as Barry Silbert remains CEO of DCG'
10.1.2023
Recursive trades between Grayscale trust and the Three Arrows Capital hedge fund allegedly inflated assets and fees, according to open letter from the Gemini president
Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular
3.1.2023
Total transactions on the Ethereum network outstripped Bitcoin more than four-fold, but Bitcoin was still the most searched cryptocurrency of 2022
Disputed Venezuelan Gold Worth $1.8B in Bank of England Vaults Remains Uncertain After Dissolution of Interim Government
2.1.2023
The status of the Venezuelan gold currently being held by the Bank of England might fall into regulatory limbo after the dissolution of the interim government of Juan Guaido. The 31 tons of gold have been the subject of dispute between the current president Nicolas Maduro and Juan Guaido since...
Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions
1.1.2023
2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top three macroeconomic events to keep an eye on...
ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation
16.12.2022
The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated that further increases are likely to happen “because inflation remains far too high and is projected to stay above...