Bitcoin had an extremely rough year in 2022. The price crashed, and the asset lost more than 70 percent of its value. Nothing could have prepared us for such a dramatic decline in the standing of the world’s largest and most popular digital currency, and yet there are some – such as venture capitalist Tim […]
GMX daily fees soar over 1100% to $2.11M
GMX — the native token of the decentralized exchange (DEX) GMX — daily fees hit $2.11 million on Jan. 9 on the back of margin trading volume on Avalanche and Arbitrum. The huge surge in fee volume — second only to Ethereum for the day — occurred just five days after a GMX whale wallet […]
Nigerian innovator launches first active Bitcoin Lightning node in the country
A new Bitcoin lightning node in Nigeria could inspire individuals to take “control of their financial future” and break free from ‘rotten’ financial systems node runner Megasley told Cointelegraph.
FTX recovers over $5 billion in assets, attorney claims
The bankruptcy cryptocurrency exchange – FTX – has managed to recover over $5 billion of its assets. The recovery was made in cash, liquid cryptocurrencies, and securities. This, however, does not take into account the money held by the Bahamas Securities Commission. The commission holds over $400 million of the crypto exchange’s assets. The revelation […]
GALA price falls after Gala Games deletes Hollywood star partnership tweet
At the time of writing, GALA token had dropped by more than 11%. Gala Games is under fire after secretly deleting a tweet announcing their partnership with Hollywood stars. This comes after GALA shot up by more than 70%to above $0.051. Metaverse cryptocurrency GALA price has dropped considerably in the past few hours after the […]
Whales Moving Stablecoins to Exchanges, Here’s What’s Likely Going On
Exchanges are recording large stablecoin inflows in what may or may not be a bullish move
Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchain
Venom Ventures Fund is allocating $1 billion to invest in Web3, blockchain and cryptocurrency projects and services.
Coinbase: Assessing the state of the exchange’s forgotten NFT marketplace
The sales volume of the Coinbase NFT marketplace has been underwhelming since it was launched. So far this year, there has been an increase in NFT trading activity. Since its debut in May 2022, Coinbase‘s NFT marketplace has struggled. This was partly due to a lingering decline in interest in profile picture NFTs from the […]
Bitcoin Currently More Stable Than Gold, DXY, Nasdaq, Here’s What Could Happen Next
Data shows Bitcoin has been more stable than gold, DXY, Nasdaq, and S&P 500 recently, here’s what history says could follow next. Bitcoin 5-Day Volatility Has Fallen Below That Of Gold, DXY, Nasdaq, And S&P 500 According to the latest weekly report from Arcane Research, BTC has been more stable than these assets for a […]
Bearish crypto movement is expected as overbought signals surface
The total crypto market capitalization rose from $797 billion on Jan. 1 to around $859 billion nine days later, and is roughly $857 billion at the time of writing, per CoinMarketCap data. While the top 15 cryptocurrencies were moving in…