A non-fungible token (NFT) collector today declared that his collection of Bored Ape Yacht Club NFTs worth $1.9 million was “hacked,” and then said NFT marketplace OpenSea had “frozen” the assets for him. Todd Kramer, who runs the Ross+Kramer art gallery in New York, tweeted that he had clicked on a link that appeared to be a genuine NFT dapp…
2021 has been a breakout year for the cryptocurrency market as a whole despite the year-end struggles that have kept the price of Bitcoin (BTC) pinned below $48,000, much to the chagrin of the cadre of folks who had been calling for a $100,000 BTC moonshot. Data from Cointelegraph Markets Pro and TradingView shows that the past 24 hours have…
This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the stablecoin now represents 46% of the $168.3 billion stablecoin economy. Tether Market Cap is Less Than $2 Billion Away From Reaching $80 Billion On December 30, 2021, there’s roughly 78.2…
United States Securities and Exchange Commission (SEC) chair Gary Gensler has added a new staff member who will offer advice related to crypto policymaking and interagency work. In a Thursday announcement, the SEC said Corey Frayer would be joining Gensler’s executive staff as a senior adviser on the agency’s oversight of cryptocurrencies. Frayer has worked as a professional staff member…
Shark Tank celebrity Kevin O’Leary, also known as Mr. Wonderful, says he would be ready to increase his crypto allocations up to 20% as soon as there are clearer regulations around stablecoins. O’Leary, a former Bitcoin (BTC) skeptic, is now a vocal advocate of cryptocurrency, which currently makes up over 10% of his investment portfolio. Mr. Wonderful is particularly focused…
MicroStrategy bought bitcoin yet again, the third big purchase in one month.The software company acquired 1,914 BTC for $94.2 million.Saylor’s firm now holds about 124,391 bitcoin, the largest bitcoin holding among corporations worldwide. Software intelligence company MicroStrategy has “bought the dip” yet again, adding 1,914 bitcoin to its holdings at an average price of $49,229 per BTC. The company now…
Authorities in Pakistan have reportedly moved to seize hundreds of bank accounts and cards belonging to cryptocurrency traders. According to local media, they have been allegedly used to make transactions worth close to $300,000 through digital asset exchanges, including major platforms. Pakistan Government Blocks Cards Used to Buy Cryptocurrency, Media Reveals Bank accounts in the names of 1,064 individuals have…
Volatility is once again the major theme across the cryptocurrency market on Dec. 30 as the price of Bitcoin (BTC) bounced back from an early morning dip below $46,000 with bulls now battling bears for control of support near $47,500. The altcoin market has likewise been a mixed bag of results on Dec. 30, with many of the coins in…
While the bulk of the crypto market has seen prices slump over the past week after an initial pre-Christmas rally, decentralized finance (DeFi) coins have defied the downtrend. Leading the pack is SUSHI, the token of the decentralized exchange (DEX) SushiSwap. At the time of writing, it’s sitting at $9.68, up 52% over the past seven days—though that includes a…
By Surojit Chatterjee, Chief Product Officer 2021 proved to be a breakout year for crypto with BTC price gaining almost 70% yoy, Defi hitting $150B in value locked, and NFTs emerging as a new category. Here’s my view through the crystal ball into 2022 and what it holds for our industry: 1. Eth scalability will improve, but newer L1 chains will…
