Digital asset investment products recorded $5 million worth of cumulative weekly outflows in what CoinShares describes as an “apathetic period.” On Oct 24, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investment products saw $5 million worth of cumulative outflows last week in a continuation of...Continue Reading

Meanwhile, the minting volume of nonfungible tokens have been declining steadily. According to data provided by Polygon and Dune Analytics, the trading volume of Reddit nonfungible token (NFT) avatars has eclipsed $1.5 million in the past 24 hours. The increase represents over one-third of the collection’s cumulative trading volume of $4.1 million since launch. At...Continue Reading

The new leader of the world’s sixth-largest economy is the former chancellor of the exchequer and is said to be richer than King Charles; he is also a firm crypto supporter. Rishi Sunak is set to become prime minister of the United Kingdom within days. Sunak was defeated for the top government post by Liz...Continue Reading

The five-year plan includes tokenizing various classes of digital assets and smart contracts. The Tel Aviv Stock Exchange (TASE) disclosed on Oct. 24 the creation of a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of the new strategic plan for the years 2023 to 2027.  The exchange...Continue Reading

The electric vehicle maker’s actual BTC losses are far lower, with $64 million worth of previously realized profits to offset the decline. According to Tesla’s latest Q3 earnings report filed with the United States Securities and Exchange Commission, the electric vehicle (EV) manufacturer disclosed that it has invested a total of $1.5 billion into Bitcoin...Continue Reading

Through a new collaboration with Astar Japan Labs, the city of Fukuoka aims to become the Web3 hub of the country, akin to Silicon Valley. In Japan, the city of Fukuoka is looking toward the future of Web3 in its latest partnership with Astar Japan Labs, the company behind Japan’s leading blockchain, the Astar network....Continue Reading

MATIC has painted a bull flag setup with a profit target sitting nearly 100% higher than its current price. The price of Polygon’s MATIC (MATIC) coin could double by the end of 2022 or early 2023 due to a mix of extremely bullish fundamental and technical indicators. Polygon wins high-profile clients MATIC rose by nearly 6.5%...Continue Reading

Governance tokens allow users the opportunity to take on a more active role in managing decentralized projects. Governance tokens are a type of cryptocurrency that allow tokenholders to vote on the direction of a blockchain project. The primary purpose of governance tokens is to decentralize decision-making and to give holders a say in how the...Continue Reading

Volatility is closing in, but traders may have to wait until the end of the year if history repeats itself, one analyst warns. Bitcoin (BTC) waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hang Seng drops most since 2008...Continue Reading

As the crypto winter rages on, new data from BlockFi reveals that women investors are still bullish on crypto, with 22% intending to buy in the next 12 months. The crypto market downturn is proving a difficult storm to weather for both investors and businesses alike in the industry. However, according to new data, this hasn’t...Continue Reading