“When it rains, it pours” is an old saying finding new relevance in the cryptocurrency markets on May 9 as traders face another day of pain and the current price decline brings Bitcoin (BTC) to its lowest level in 2022. Data from Cointelegraph Markets Pro and TradingView shows that the BTC selloff on Monday intensified as the trading day progressed…
BTC and many altcoins are fast approaching the “capitulation phase,” which is typically followed by the market finding a bottom. Source: https://cointelegraph.com/news/price-analysis-5-9-btc-eth-bnb-xrp-sol-ada-luna-doge-avax-dot
Rent seeking is the real virus. The virus spreads from person-to-person through the central bank-backed fiat monetary system and grows like a cancer through regulation. Rent seekers think they are providing some value somewhere, but can’t identify how, because they aren’t providing any. They are able to extract a tax from various transactions, consuming resources without producing. They are a…
press release PRESS RELEASE. Singapore – Game Space is proud to announce the release of Merge Bird on its GameFi-as-a-Service (GaaS) platform. Merge Bird is an on-chain version of the once-popular game ‘Flappy Bird’. Game Space has chosen it as the first on-chain version to pay tribute to the tenth anniversary of ‘Flappy Bird’. Game Space will also AirDrop 500…
On Monday, decentralized finance, or DeFi, protocol Compound Treasury announced that it received a credit rating of B- from S&P Global Ratings. As told by the team at Compound, this represents the first time a major credit agency has issued a rating for an institutionalized DeFi protocol. The S&P Global Ratings’ investment suitability scale ranges from AAA (extremely strong) to…
RCD Espanyol will become the first member of professional soccer league, La Liga, to accept bitcoin and other cryptocurrencies. Fans will be able to purchase tickets, merchandising and food and beverages. RCD joins a growing list of professional sport leagues to adopt bitcoin. Next season, Reial Club Deportivo (RCD) Espanyol will become the first team in La Liga, Spain’s major…
Monday’s downturn in crypto markets sent several tokens lower, with cardano, polkadot and shiba inu all falling by over 15%. Despite this, there were some notable exceptions which rose to start the week, WAVES being one of them. WAVES WAVES was trading in the green on Monday, as prices rose by as much as 9% during the first trading day…
Cryptocurrency investment manager Galaxy Digital Holdings reported a sharp loss in the first quarter due to unrealized losses in its digital asset portfolio, underscoring heightened volatility in the digital asset sector in 2022. Galaxy Digital reported a net comprehensive loss of $111.7 million in the quarter ending March 31, compared to a gain of $858.2 million in the same quarter…
Cointelegraph Research conducted a first-of-its-kind survey querying over 2,000 global crypto funds and certificates to gain an insight into their investment allocations during 2021. The survey was conducted via email between March 2021 and December 2021. The 200 funds that responded collectively managed approximately $1.2 billion in cryptocurrency and blockchain investments. Interestingly, the study found that 20 surveyed asset allocators…
Economist Nouriel Roubini, who’s become famous for hating crypto, has begun work on a token that will be “a more resilient dollar.” Roubini and his team at Atlas Capital Team LP said that they recognize that the U.S. dollar’s reserve currency status could be at risk because the country “prints too much money and adversaries start de-dollarizing,” echoing widespread concerns…
