Most of the NFT market is in a downtrend, but data shows funds continuing to flow into blue-chip tier projects. In May 2021, OpenSea closed out nearly $140 million in total volume. Fast forward a year and the most dominant nonfungible token (NFT) marketplace closed over $880 million in less than a week partially because...Continue Reading

A full reversal and then some for BTC means that bulls are coming to terms with months of ground given up. Bitcoin (BTC) hit its lowest level in over two months later on May 5 as Wall Street trading saw volatility return with a bang. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView DXY celebrates as...Continue Reading

During his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products, including BTC and ETH derivatives. Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME Group executive director with experience in...Continue Reading

ETH derivatives metrics and technical analysis point toward further downside for Ethereum price. Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870 resistance....Continue Reading

Anthony Scaramucci predicts that the next presidential candidate will be pro-crypto and that a Bitcoin ETF will happen by the end of 2022, given recent developments on Capitol Hill. Anthony Scaramucci, the founder of the hedge fund SkyBridge Capital, thinks that the next United States presidential candidate will likely be pro-cryptocurrency, given that the U.S....Continue Reading

The acquisition, totaling roughly $1.5 billion, will be used to further backstop Terra Luna’s algorithmic stablecoin UST. Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem, has raised another $1.5 billion to further expand its already hefty Bitcoin (BTC) reserves. The raise allowed LFG to acquire 37,863 BTC via over-the-counter swaps...Continue Reading

The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity “in the coming years” will produce 20 EH/s. Crypto mining company Argo Blockchain’s plans to open a data center in West Texas are likely nearing completion following an inauguration ceremony....Continue Reading

The S&P 500 and Nasdaq sees substantial losses on the day as Fed-induced gains evaporate. Bitcoin (BTC) lost almost $1,000 in the first hour of Wall Street trading on May 5 as a brief rally ended in disappointment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Nasdaq drops 4% on post-Fed open Data from Cointelegraph Markets...Continue Reading

Moonbirds contributed half a billion in trading volume in April, while Solana registered a 91% surge in NFT trading volume month over month. Solana and Moonbirds came to the rescue of the bearish nonfungible token market in April after a six-week cooldown phase. According to DappRadar’s monthly report, the NFT market recorded a multimonth trading...Continue Reading

How can fashion and crypto mix in a practical yet innovative way so that even Phillip Plein’s mother can understand crypto and NFTs? In an attempt to bring the fashion industry into new innovations and trends, many brands are entering the cryptoverse to test out the waters. Fortunately, the crypto industry has its arms wide...Continue Reading