The FTX contagion saga sees new revelations around its misconduct every other day, and the latest one solidifies the collusion between the failed crypto exchange and its sister company Alameda Research from the very beginning. FTX, like many other crypto exchanges, found it difficult to get a banking partner to process fiat transactions- as banks have been hesitant to tie…
Crypto collectibles and nonfungible token (NFT) marketplace OpenSea announced plans to integrate BNB Chain on Seaport Protocol by the end of Q4 2022. The integration will allow users to buy, list and trade BNB Chain NFTs on the OpenSea marketplace. BNB Chain was built by Binance to operate as a Web3-focused blockchain network powered by the exchange’s in-house token, Binance…
One of the minds behind the popular Solana dapp sits down with Decrypt to discuss the history of Phantom and what he’s looking forward to in Web3 Source: https://decrypt.co/videos/live-events/ZqEXp4iR/phantom-co-founder-francesco-agosti-at-0xpo-crossroads
This is an opinion editorial by Phil Snyder, professor, video director and editor. According to Merriam-Webster, a nation-state is: “A form of political organization under which a relatively homogeneous people inhabit a sovereign state.” Is that what Bitcoiners are — or are becoming? Like it or not, Bitcoiners are political by default. If you believe in sound money and act…
Overview Daily spot trading volume: $437.6 million, 30 day average spot: $752.3 million. Total futures notional: $34.5 million. The top five traded coins were, respectively, Tether (↑0.01%), USD Coin (↑0.0%), Bitcoin (↓0.19%), Ethereum (↓1.0%), and Dogecoin (↑11%). Strong returns from pSTAKE (↑33%), Step Finance (↑26%), and Bonfida (↑11%). The post Kraken Daily Market Report for November 27 2022 appeared first…
Non-fungible token (NFT) sales have shown improvement during the last month as 30-day statistics show NFT sales are up 22.37% higher than the month prior. During the last seven days, NFT sales are up 5.13% higher than the week before. Additionally, over the last two days, the floor value of Bored Ape Yacht Club (BAYC) NFTs managed to jump above…
As crypto lending platform BlockFi filed for bankruptcy, members of the crypto community reacted with mixed feedback as another platform fell during the current bear market. Despite BlockFi citing the FTX contagion as the reason for its bankruptcy filing, podcaster Matt Odell pointed out a different explanation. Odell wrote that the lending platform went bankrupt because it was lending customer…
Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors’ sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28. Newsflow remained negative after the United States Treasury Department’s Office of Foreign…
How low can Bitcoin go? Market analysts, including the BitMEX co-founder Arthur Hayes and the co-founder of Mobius Capital Partners Mark Mobius, said the next target for Bitcoin is $10,000, which, if the prediction is realized, would inflict more pain on the already suffering industry. Shockwaves weeks after the collapse of the FTX crypto exchange are still being felt, with…
This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015. The following article is the last part of a series of articles in which I aim to explain some of the benefits of using bitcoin as a “tool.” The possibilities are endless. I selected three areas where…
