In brief The NFT market saw depressed trading volume for the month of March, but daily trading volume is climbing in recent weeks. Overall, the market generated more than $12 billion worth of trading in Q1 2022, per DappRadar. After setting records in January, the NFT market saw gradually sinking trading volume over the course of February—and that decline continued…
Law enforcement agencies in Germany have targeted Hydra, a leading darknet market (DNM). As part of an operation conducted with U.S. support, the German police were able to establish control over the servers of the Russian-language platform in the country and take down its website. Investigators Hit Hydra in Germany, Confiscate Millions in Crypto Hydra Market, one of the largest…
On Tuesday, enterprise software development firm MicroStrategy announced via a filing with the U.S. Securities and Exchange Commission (SEC) that its subsidiary MacroStrategy acquired 4,197 Bitcoin ($190.5 million) between February 15 and April 4. MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired…
Piece by piece, the Metaverse is absorbing elements of meatspace, starting with the old school crypto companies. That was evident on Tuesday at the Non Fungible Conference in Lisbon, where hardware wallet provider Ledger announced a partnership with The Sandbox, the developer behind the eponymous open virtual world, which has over 2.2 million registered users and offers an NFT twist…
According to a recent study analyzing Google Trends data, the cryptocurrency dogecoin’s search volume in the United States was highest in the most states as compared to other cryptos. The research also details that the leading crypto asset in terms of market capitalization, bitcoin, was the second most popular crypto asset, with ten different states. Dogecoin Scores 23 States, While…
Georgia, the country on the Black Sea, is preparing to regulate its cryptocurrency market. National Bank of Georgia Governor Koba Gvenetadze told The Financial on Monday that the central bank has already developed draft regulatory legislation in accordance with the requirements of international agencies. Gvenetadze said the size of the Georgian crypto market is unknown, due to the lack of…
In brief Bitcoin is moving off of exchanges. It’s increasingly being held by “accumulation addresses.” These addresses buy but don’t sell, which reduces supply and creates upward pressure on price. Something interesting happened after the onset of the global COVID-19 pandemic in March 2020. Okay, okay, a lot of interesting (and horrible) things happened. But one of them was a…
What is it with these sly, funny, but boring looking apes that continue to make headlines? Many collectors argue that it’s less about the image itself and more about the culture, social capital and wealth the community of owners have gained from Bored Ape Yacht Club (BAYC) that give the collection its value. Amassing over $1.42 billion in total volume,…
According to a recent survey published by Investopedia, 28% of U.S. millennials polled said they expect to use cryptocurrency to support themselves in retirement — a figure which was higher than those who said they would use savings (25%) and stock investments (27%) to fund their retirement. Meanwhile, 20% of Gen X and 17% of Gen Z respondents said the…
Two members of the House of Representatives have introduced legislation aimed at mitigating the risks to the United States financial system due to El Salvador adopting Bitcoin as legal currency. In a Monday announcement, California Representative Norma Torres and Arkansas Representative Rick Crawford proposed legislation which would direct the State Department to create a plan mitigating the potential risks to…
