Cryptocurrency and stock markets could see a sharp spike in volatility due to this week’s CPI print, interest rate hike and a conference from Federal Reserve chair Jerome Powell. Source: https://cointelegraph.com/news/price-analysis-12-12-spx-dxy-btc-eth-bnb-xrp-doge-ada-matic-dot
Last Tuesday, Coinbase CEO Brian Armstrong said that the crypto exchange’s 2022 revenue will be 50% or less than that of the prior year. By Monday’s open this week, COIN had fallen to $39.65—its lowest price ever. The figure represents a 60% drop from $98 in early August, when the exchange experienced a brief rally on news of its partnership with…
Despite the ongoing bear market, Jan3 CEO and Bitcoin (BTC) proponent Samson Mow believes that the leading cryptocurrency could reach the $1-million-price benchmark in the next five to 10 years. The collapse of major fiat currencies will be a major catalyst, which he said can “happen very rapidly” and “are not anticipated.” ”It just sort of happens overnight, and then…
In brief More than 5 million NFTs have been minted through Reddit’s Collectible Avatars initiative. Reddit’s avatars are minted on Ethereum scaling network Polygon. Most of the NFTs were given away free to Reddit users. Reddit’s push into tokenized avatars has been a rare bright spot amid declining NFT sales and a wider crypto market in turmoil, and now the…
On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during the past 12 months, the TVL in defi dropped 82.56% from roughly $239 billion in Dec. 2021, to today’s aggregate. Smart Contract Token Economy and Defi Sector Struggle…
Bitcoin (BTC) failed to break above the $17,250 resistance on Dec. 11 and subsequently faced a 2.2% correction. More importantly, the last daily close above this level was over 30 days ago — reinforcing the thesis of size sellers near the $330 billion market capitalization mark. Curiously, this valuation level is slightly behind Palladium, the world’s 23rd most valuable traded…
Ex-FTX CEO Sam Bankman-Fried today said he will not appear in person at tomorrow’s House committee hearing in Washington D.C. because of the “Paparazzi effect” his presence would cause. When listeners of a live Twitter Spaces interview pressed the founder of the fallen exchange about his attendance, Bankman-Fried, who also is known by his initials SBF, added he would attend…
press release PRESS RELEASE. Cryptowisser, a leading Crypto service comparison website, announces the launch of its annual Crypto exchange graveyard for 2022. This list is the only comprehensive database of “dead” cryptocurrency exchanges currently available. In 2022, 51 exchanges were reported dead, with the vast majority seemingly dying out due to business reasons and there were small percentages of scams,…
Eric Adams, who became mayor of New York City in January, has reportedly stood behind a campaign pledge to make the city a crypto hub, despite a drop in the price of many tokens in 2022. According to a Dec. 12 report from Slate, Adams suggested he still wanted New York City to be the “center of the cryptocurrency industry”…
Last Tuesday, Coinbase CEO Brian Armstrong said that the crypto exchange’s 2022 revenue will be 50% or less than that of the prior year. By Monday’s open this week, COIN had fallen to $39.65—its lowest price ever. The figure represents a 60% drop from $98 in early August, when the exchange experienced a brief rally on news of its partnership with…
