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Cathie Wood’s Ark Invest Buys $21 Million Worth of Coinbase Shares – What Do They Know?
10.11.2022
Ark Investment Management, the fund led by the well-known technology investor Cathie Wood, has bought a dip.
According to Barron’s, Ark’s exchange-traded funds (ETFs) bought nearly 421,000 – or 420,949, to be precise – of major crypto exchange Coinbase’s shares, to expand its position in...
Nigerian Currency Gains Versus US Dollar Days After Tapping All-Time Low
10.11.2022
Just a few days after plummeting to its worst exchange rate against the U.S. dollar ever, the Nigerian currency was trading at around 820 units for every dollar on Nov. 8, a report has said. An economist has suggested that the Central Bank of Nigeria’s controversial currency plan is unlikely...
Top market experts recommend Snowfall Protocol over Osmosis & Celer Network – Read on to learn why!
10.11.2022
Cryptocurrencies like Bitcoin (BTC) are created using the fundamental technology known as the blockchain. Since the invention of the steam engine, electricity, and computer technology, the fourth industrial revolution has seen blockchain technology used in various industries, including finance...
World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140%
10.11.2022
Just days after registering marginal gains against the U.S. dollar, the Ghanaian currency — the cedi — slipped to C14:$1 versus the U.S. dollar on the foreign exchange parallel market on Nov. 7. The cedi’s reversal is said to have dented the currency’s recovery prospects. On the other...
Panic Grips SOL With Record Volatility and Massive Put Demand
10.11.2022
An incoming supply deluge seems to have spooked investors in both the spot and derivatives markets
Galaxy Digital Reveals Update on Ties to FTX, Partnership Has ‘Exposure of Approximately $76.8 Million’
10.11.2022
Following the issues surrounding FTX, the publicly-listed firm Galaxy Digital published its third-quarter earnings report and noted it has an “exposure of approximately $76.8 million of cash and digital assets to FTX.” The news follows a great number of exchange executives announcing that they...
Market Wrap: Bitcoin, Other Cryptos Continue to Plummet
9.11.2022
The largest cryptocurrency by market capitalization was hurtling toward $16K amid the growing fallout from crypto exchange FTX’s collapse. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Biggest Movers: FTT Fire Sale Sends Token Over 70% Lower, SOL Also Falls Significantly
9.11.2022
FTX Token plunged by over 70% in today’s session, as sentiment surrounding Binance’s potential buyout of FTX continued to raise market eyebrows. Following speculation that FTX could be insolvent, Binance’s Changpeng “CZ” Zhao moved to acquire the firm, pending due diligence. Solana...
Bitcoin, Ethereum Technical Analysis: BTC at 2-Year Low, ETH Down 20% as FTX Turmoil Leads to Crypto Bloodbath
9.11.2022
Bitcoin plunged to a two-year low on Wednesday, as the FTX token sell-off continued to weigh on cryptocurrency markets. After an initial 30% slide, FTX token fell by as much as 80%, as Binance confirmed its intention to absorb the failing exchange. Ethereum was also lower, dropping below $1,200....
Bitcoin and crypto here to stay despite market turmoil: Community
9.11.2022
A Twitter user argued that the FTX crisis was only a black swan event that only its executives and a few others could have seen coming
Coinbase Experiences 'Network Connection Issues' Amid Market Turbulence, Kraken Sees 'Connectivity Issues'
9.11.2022
Major exchange Coinbase experienced network connection issues Tuesday night (UTC) time, which it says were caused by a higher level of sign-ups and transfers. Kraken, meanwhile, said it saw brief and intermittent connectivity issues....
Read More: Coinbase Experiences 'Network Connection Issues'...
Three Ethereum alternatives to consider amid the ongoing bear market: Algorand, VeChain, and Big Eyes Coin
9.11.2022
The ongoing bear market has significantly affected most cryptocurrencies within the industry, particularly the industry giants. The world’s largest cryptocurrencies by market cap have been significantly affected by the bear market and are by far the biggest losers. Cryptos like Bitcoin (BTC)...
Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders
9.11.2022
The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discussions on the development of the digital asset market in the Russian Federation. Bank of Russia...
Middle East, Asia and Africa blockchain association launches in Abu Dhabi
9.11.2022
A new blockchain body has been launched with the backing of industry leaders in the Middle East region including figures from Binance, Crypto.com, and the largest crypto exchange in the region
Crypto Market Rout Fuels Global Exchange Volumes — Kraken, Coinbase Report Connectivity and Latency Delays
9.11.2022
Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges...
Market Wrap: Binance/FTX Deal Sends Bitcoin, Other Cryptos Spiraling
9.11.2022
Crypto prices whipsawed following the announcement that Binance would be purchasing one of its largest rivals. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’
9.11.2022
Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum...
Messari Releases Q3 2022 State of TRON and State of USDD Reports
8.11.2022
Geneva, Switzerland / November 8, 2022 / – Messari, the leading provider of crypto market intelligence, released two quarterly analysis reports related to the TRON ecosystem – State of TRON Q3 2022 and State of USDD Q3 2022. Both reports indicated positive conclusions about the stable...
This New Crypto Gaming Token is Selling Out Fast in the Bear Market – Find Out Why
8.11.2022
RIA is the native token of the Calvaria ecosystem, which is a brand new play to earn game launching across multiple blockchains.
There are a variety of different gaming styles that one has the opportunity to make use of in the game, including head to head battles against other players.
Players...
XRP Price Prediction as XRP Overtakes Dogecoin in Market Cap Rankings – Top 3 Soon?
8.11.2022
XRP price is wallowing in a bearish cloud that is following the cryptocurrency market – especially among the top 100 assets. The international money transfer token is trending 5.7% lower as bulls rush to defend support, highlighted at $0.4280 on its daily time frame chart....
Read More: XRP Price...