The crypto industry may be young in the grand scheme of financial markets, but it’s already produced billionaires, brilliant developers, and cultural celebrities: Satoshi, Vitalik and SBF are a few. Now, as crypto goes from programmable money to decentralized everything—thanks to NFTs, games, finance apps and DAOs—it’s producing a new crop of innovators, artists, and deal-makers who are putting their…
In brief Axie Infinity surged in popularity last year, but has seen declining token price, NFT valuations, and trading volume lately. Ethereum NFT game Axie Infinity will institute a number of economic changes. The Ethereum game Axie Infinity has been a smash hit, popularizing the play-to-earn gaming model while racking up nearly $4 billion in NFT trading volume. But last…
During the weekend, when bitcoin rose to a two-week high, it was Gala that stole the show after climbing 37%. Bulls returned to action on Saturday, as the global crypto market capitalization was around 8% higher. Biggest gainers Following a huge week of news in the gaming and crypto space, it was only a matter of time till traders turned…
On Jan. 25, the International Monetary Fund’s (IMF) directors asked El Salvador to “narrow the scope” of its Bitcoin Law by “removing Bitcoin’s legal tender status.” Adopting a cryptocurrency as the Central American country has done “entails large risks for financial and market integrity, financial stability and consumer protection,” the fund wrote. Why did the IMF ask El Salvador to…
In early January, a sticker pack depicting photos of Irene Zhao, a prolific Singaporean web3 entrepreneur and Instagram model, began circulating on Twitter. The stickers featured Zhao in various evocative postures and levels of dress, each superimposed with catty, memey slogans like “Damp it” and “Excuse me!?” The stickers were catnip for the crypto masses. Intern started a sticker pack…
India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed at the upcoming G20 meeting for finance ministers and central bank governors. Economic Affairs Secretary Discusses Cryptocurrency Regulation in India India’s economic affairs secretary, Ajay Seth, reportedly shared the progress…
Ethereum’s native token Ether (ETH) looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support level on Feb. 5. Ethereum price back above key trendline ETH price rising above its 50-week exponential moving average (50-week EMA; the red wave in the chart below) means the price also inched above $3,000, a psychological support level…
The last year brought the rise of several so-called “Ethereum killers” but the most prominent of these has been Solana, a blockchain that promises to deliver the best of Ethereum but faster and at a fraction of the cost. Solana’s spectacular rise, which has seen it vault into the top ten coins, has come from its spiffy technology and also…
Following a week of consolidation, bitcoin and ethereum prices both rallied past key resistance levels to start the weekend. Bitcoin moved beyond $40,000, with ethereum climbing over the $3,000 mark. Bitcoin Cryptocurrencies were higher to start the weekend, as markets appear to have moved past recent bearish sentiment. The world’s largest cryptocurrency bitcoin (BTC), became even more valuable on Saturday,…
2021 will be remembered as the year of nonfungible tokens (NFTs). In a year where names like Beeple and Bored Ape Yacht Club dominated the headlines, it’s estimated that NFTs have generated more than $23 billion in trading volume. The rise of NFTs has ushered in a new generation of investors who spend time scouring platforms like Discord and OpenSea…
