Solana (SOL) price is meeting resistance near its all-time high again, but solid fundamentals and the impressive growth of its decentralized finance (DeFi) and non-fungible token (NFT) ecosystem are likely to drive the altcoin above $250 before year-end. SOL/USDT 1-day chart. Source: TradingView Institutional investor interest is likely a key factor behind Solanas impressive 490% gain since August. For example,…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Relevant Articles: The Daily Dive #070 – Short-Term:Long-Term Cost Basis Ratio The Daily Dive #083 – Bitcoin All Time High The Daily Dive…
Today, Bloomberg reported that bitcoin exchange giant FTX purchased an ad slot for the upcoming Super Bowl LVI on February 13, 2022, at SoFi Stadium in Inglewood, California. The exchange did not provide a comment on how much the ad was purchased for or what the content will consist of. “We’re inviting everyone to check it out, and here to…
In brief EIP-1559 added “deflationary pressure” to ETH. The merge should make the asset just plain deflationary. There are currently over 118 million ETH in circulation. And even though there’s no supply cap on the cryptocurrency, don’t expect that number to get too much bigger. According to simulations from Ethereum tracker Ultrasound Money, after the transition to proof of stake,…
Digital rights advocacy group Fight for the Future, the Blockchain Game Alliance, Enjin, and 26 blockchain game companies have called out video game corporation Valve for its decision to not allow content related to cryptocurrencies or nonfungible tokens through its Steam marketplace. According to an open letter published by Fight for the Future on Oct. 26, the companies and projects…
press release PRESS RELEASE. The revolutionary blockchain-based global point integration platform ASSEMBLE Protocol has announced the listing of its utility token ASM on Coinbase, which has been followed swiftly after the ASM-USD and ASM-USDT pairs were enabled on Coinbase Pro. It is highly expected that this development is going to further boost the global adoption of ASM token and also…
After running an Alice in Wonderland themed DeFi cover that attracted big attention from cryptoland, The Economist has taken its own advice and leapt down the DeFirabbit hole by selling the cover as an NFT. The magazine on Tuesday successfully sold a one-of-one non-fungible token of its September 18 magazine cover for 99.9 ETH, or nearly $419,000 at the moment…
In brief Robinhood’s crypto revenue fell to $51 million from $233 million last quarter The company’s CFO pointed to sign-ups for Robinhood’s crypto wallet as a bright spot Robinhood is discovering the downside of the crypto market’s famous volatility. The company on Tuesday revealed that its crypto revenue fell to $51 million in the third quarter of this yeara 78%…
In brief The FDIC, OCC, and Federal Reserve have been meeting to coordinate crypto policy for banks. McWilliams says she’s working to formally allow banks to hold crypto assets. Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams, one of the country’s top financial regulators, believes it’s time to allow banks to hold cryptocurrency, such as Bitcoin, for themselves and their…
Watch This Episode On YouTube Listen To This Episode: In this episode of the “Bitcoin Magazine Podcast,” Bill Pulte, CEO of Twitter Philanthropy and grandson of the late founder of home-building giant PulteGroup, talked about his charity with host Alex McShane. They discussed how Bitcoin will reshape philanthropy, how Bitcoin can be integrated into philanthropic organizations and trustless payments without…
