An uptick in trading volume is one of the key components of a digital asset’s healthy market outlook. It indicates both robust liquidity and a surge in fellow traders’ enthusiasm for the token. The relationship between the asset’s price and trading volume is a nuanced one: Volume spikes often trail strong rallies as more and more traders hop on the…
Manchester United is set to unveil a multi-year sponsorship deal with crypto network Tezos, per The Athletic. Both parties have reportedly agreed to a deal worth over $27 million per year, and Tezos will be featured on the football club’s training kit. The deal will follow Manchester United’s previous eight-year deal with American insurance company AON, which concluded at the…
The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more notably occupied by miners in the country due to its specific climate characteristics. Argentina…
Attendees of the Super Bowl LVI will receive a souvenir NFT along with their ticket, as part of a partnership between the NFL and Ticketmaster. The NFT will be marked with the fan’s unique section, row, and seat, according to a press release accompanying the announcement. For the time being, the NFL is issuing NFTs as a “digital keepsake,” but…
A Maryland resident spiked his father’s tea with drugs in order to access his cryptocurrency account, which held $400,000 worth of Bitcoin. Per The Washington Post, Liam Ghershony of Bethesda, Maryland slipped benzodiazepine, a type of depressant, into his father’s tea with the explicit intent to knock him unconscious. After his father passed out, Ghershony used his father’s phone to…
South Park returned for its 25th season premiere Wednesday and wasted no time skewering Matt Damon’s recent commercial for Crypto.com. In the episode “Pajama Day,” the elementary school class loses its right to wear pajamas to school, which quickly escalates into a standoff between pajama-wearing residents of South Park and their non-pajama-wearing neighbors. As the class tries to find a…
Ethereum and Solana have both enjoyed healthy gains over the last day. Ethereum, the second-largest crypto network after Bitcoin, is currently up over 8%. Solana, another smart contract-enabled network, is up a whopping 11%. These double-digit recoveries come shortly after one of this year’s largest exploits. Wormhole, a crypto bridge protocol that lets different networks interact with each other, was…
Investor-focused social media platform Stocktwits, which gained popularity during last year’s ‘retail short squeeze’ frenzy involving GameStop and AMCTheaters, rolled out its own crypto trading services on Thursday. Stocktwits has partnered with FTX.US to carry out its crypto trading services and is set to launch US equity trading next quarter. The firm further looks to expand its trading services portfolio…
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply Exceeds Demand on Russian Market for Mining Chips Mining hardware is now more often offered than…
A father and son’s disagreement over crypto trading led to a near-death experience and some jail time. Because of a shift in crypto market prices, a son reportedly drugged his father to gain access to his Bitcoins. The dad, who didn’t want to be identified, made his son, Liam Ghershony, a partner in his crypto investing account worth $100,000 back…
