The Dubai Virtual Asset Regulatory Authority, or VARA, has purchased land in the virtual reality world The Sandbox (SAND) as part of its plans to set up a metaverse headquarters. In a Tuesday announcement from Emirates news agency WAM, VARA said the metaverse entry was aimed at facilitating “collaborative engagement” between virtual asset service providers, international regulatory authorities, and industry…
Bitcoin and most altcoins could remain volatile in the short-term due to the Fed’s decision, warranting caution from traders. Source: https://cointelegraph.com/news/price-analysis-5-4-btc-eth-bnb-sol-xrp-luna-ada-doge-avax-dot
Bitcoin’s hashrate has once again reached an all-time high (ATH) this year, as the network’s processing power reached 275.01 exahash per second (EH/s) on May 2, 2022. The recent ATH follows a significant difficulty jump on April 27, and bitcoin’s value lost 6.2% against the U.S. dollar over the last two weeks. Bitcoin Hashrate Taps 275 Exahash Just recently, Bitcoin’s…
Axie Infinity turned its game into a billion-dollar economy that helped thousands of players in the Philippines and other low-income countries to weather the fallout from pandemic mitigation measures. The main ingredient for success: strong property rights. Players can take in-game material out of the game and trade on third-party marketplaces like OpenSea. The freedom to set prices and to…
We’re thrilled to announce that Kraken now supports Adventure Gold (AGLD), API3 (API3), Lido DAO (LDO), Numeraire (NMR), iExec (RLC), KeeperDAO (ROOK), Threshold Network (T) and Wrapped Ether (WETH)! Funding and Trading Funding is live, and trading will begin on May 5 at approximately 14:30 UTC. Keep an eye on the status page for updates. You can add these tokens…
Bitcoin investment product outflows totaled $133 million last week, the highest week of outflows since June 2021, according to a new report from CoinShares. Total outflows across all cryptocurrencies, including Bitcoin, hit $326 million month-to-date. CoinShares tracks institutional allocations in crypto products like the Grayscale Bitcoin Trust (GBTC), 21Shares Crypto Basket Index ETP (HODL), and its own CoinShares XBT products…
While the bulls emerged victorious in March following a bearish start to the year, this triumph was short-lived, and most crypto assets fell in April’s broad correction. How did the various crypto sectors and the leading coins fare in April? Kraken Intelligence’s latest report, Slow and Steady, explores the events that influenced the crypto space in April. Sinking volatility Following…
Fresh from bidding to Purchase Twitter, Elon Musk, the billionaire CEO and founder of Tesla, sparked a stir on the social media this morning when he changed his profile photo to a collage picture featuring multiple Bored Apes nonfungible tokens (NFTs). Musk’s Twitter avatar as of Wednesday shows a picture featuring a collection of Bored Apes with Ape 5809 stacked…
Ethereum’s native token Ether (ETH) is poised for a mini bull run above $3,000 primarily due to a classic bullish reversal pattern on its shorter-timeframe chart, and a huge spike in ETH outflows from Coinbase. ETH price forming falling wedge ETH’s price has been forming a falling wedge pattern since late March 2022, which raises its prospects of undergoing a breakout…
Marathon Digital Holdings, one of the largest North American bitcoin-miners, released its production and mining operations update for April 2022. Total bitcoin holdings equal 9,673 BTC valued at $377.2 million with YTD production increases of 340% over the same period last year. By early 2023, the total mining fleet of Marathon will contain 199,000 active miners. Marathon Digital Holdings Inc…
