Archives par catégorie: Business

The crypto market has been looking to consolidate following a major price correction earlier in the week. One market that has felt the brunt of this correction is BRC-20 token which has suffered a major dip in its market cap.  According to brc-20.io, which tracks the nascent market for tokens minted on the Bitcoin blockchain, […]

Tether (USDT), the world’s largest stablecoin by market capitalization, was one of the dollar-pegged cryptocurrencies to have been affected by the collapse of the Terra ecosystem. Now – a year later, the stablecoin has reclaimed its stable dollar peg and boasts one of the deepest reserves in the cryptocurrency industry. Prominent Crypto Figure Dubs Tether […]

The meme coin space has long been dominated by the likes of DOGE, SHIB, and PEPE, but now a new entrant into the space has signaled a shift in the market. ETH Furbo (FETH) is an Ethereum-based token that gives PEPE reflections to all holders regardless of how much they hold. This means that while […]

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In a recent development, the digital asset firm Bakkt delisted 25 tokens used in decentralized finance transactions from its trading platform, Apex Crypto. Bakkt acquired the platform in 2022 with 36 tokens, now 11 after the overhaul exercise. According to the firm, its reasons for delisting the tokens was to follow “up-to-date regulatory guidance.” 25 […]

A recent report published on WIPO’s global database for intellectual property disclosed LG Electronics’ application to acquire an NFT trading patent for its Smart TV.  Notably, the WIPO guide states that a filing application can only be published after 18 months. As such, the South Korean tech company filed for the patent in November 2021. Now […]

Bitcoin (BTC) has experienced downward price pressure in May, with the token failing to surpass the $30,000 resistance mark. This development could be linked to on-chain activities that indicate an increase in the number of Bitcoins sold on exchanges during this period.  300,000 Bitcoin Sold On Exchanges In May According to CryptoQuant, a data explorer, […]

A former FTX regulatory officer, Daniel Friedberg, has come forward to back the lawsuit against FTX celebrity promoters, adding weight to the allegations leveled against the cryptocurrency exchange. Due to his knowledge of the company’s internal compliance practices, Friedberg’s decision to support the legal action is a significant blow to FTX. Notably, the lawsuit started […]

Popular Bitcoin hard fork and one of the earliest cryptocurrencies, Litecoin (LTC), have recorded some interesting network activity in recent times. According to data from the on-chain analytics platform, Santiment, the number of daily active network addresses on Litecoin has increased by over 400,000 since the start of May.  However, Litecoin has only experienced a […]

PayPal share prices are plunging and currently down 80% from 2021 peaks; the largest draw down ever, market data on May 12 shows. PYPL closed the week at $61.69, down 3% from Thursday, March 11. PayPal Shares Crumbling Analysts observe that the decline in PayPal’s stock price has also resulted in a notable shift in […]

OKX Wallet has announced the launch of its new platform, Cryptopedia, and its partnership with protocols, Radiant and Marinade. This announcement would come following wide discussions about the waning influence of Binance, the world’s largest cryptocurrency exchange. OKX Launches Cryptopedia; Partners With Radiant And Marinade  In a GlobeNewswire press release dated May 13th, 2023, OKX […]

Despite the prevailing bearish trend in the crypto market, venture capital firms consummated several deals worth billions in the first quarter of 2023. Data from PitchBook’s Crypto Report for Q1 2023 disclosed that crypto firms generated $2.6 billion through 353 investment rounds.  Though the level of deals from the companies indicated the viability of the […]

Market analysts are watching Ripple’s XRP for a potential price surge against the world’s leading digital currency, Bitcoin. XRP, known for its lightning-fast transaction speed and secure blockchain technology, has recently experienced a rollercoaster ride due to its lawsuit with the US Securities and Exchange Commission. However, an XRP and BTC chartist, Cryptoes, predicts a […]

Popular memecoin PEPE is currently soaring as it attempts to pull off a market recovery. In a week marred by losses of varying sizes, the hottest coin of the meme season was not exempted, losing 46.1% of its market value within this period. The past week was quite bearish for the entire market as the […]

Since the beginning of this year, Polkadot has been on a roller coaster ride as the general cryptocurrency market has fluctuated over the past months. Recently, the price of Polkadot (DOT) has experienced negative sentiment, causing a slight decline in the coin’s value. The coin’s price slightly decreased from $5.51 to $5.12 on May 9, […]

In 2022, Ethereum formally adopted Proof of Stake (PoS) as a more secure and energy-efficient method to validate transactions and add new blocks to the blockchain. PoS and other consensus mechanisms are integral to the security of a network. This shift has significant implications for the Ethereum ecosystem, particularly in terms of staking – the process […]

Having survived a week dominated by the bears, the price of Lido DAO (LDO) is on the rise today, tallying a 16% increase in the past 24 hours. This price recovery has left many wondering if the bearish trend is over and whether the bulls might be onto something here. That said, Lido Finance continues […]

Floki Inu (FLOKI) has been listed on Mercado Bitcoin, the largest and most respected cryptocurrency exchange in Brazil. This move has sparked much excitement and speculation among cryptocurrency enthusiasts, especially those who have invested in the meme coin. The question on everyone’s mind is how this listing has impacted the price of Floki Inu. Given […]

In recent weeks, Dogecoin has faced a downward trend in its price momentum, largely due to the emergence of PEPE coin, which has overshadowed its popularity. Over the past 24 hours, DOGE has shown limited upward movement, with a mere 1% increase. The meme-coin has experienced a significant decline in price, indicating a prevailing bearish […]

Over the past few days, Cosmos Hub (ATOM) has demonstrated remarkable strength and resilience in its price fluctuations, despite significant downturns across the broader cryptocurrency markets due to shifts in trader sentiment. For three consecutive days, ATOM bulls have managed to bounce back and maintain the native token’s price, despite Bitcoin’s bearish momentum that has […]