• The Federal Reserve (FED) may be losing control of the markets, which could lead to even more hawkish measures impacting both traditional and cryptocurrency markets. • According to Michael J. Kramer, founder of Mott Capital, the FED needs to “push back against the market before it’s too late.” • The FED has two options: […]
Ethereum On-Chain Activity Reaches New Highs Amid Crypto Market Revival
• Ethereum on-chain activity has recently recorded a new high in the crypto market revival. • Various metrics such as daily transfers, network usage and verified smart contracts have all seen significant growth over the past months. • The digital asset is expected to become deflationary due to its transition into the proof of stake […]
Axie Infinity: Homeland Brings New Features, Excitement to Players
• Axie Infinity’s token has been experiencing growth in almost all time frames due to the bear market in 2022. • Recently, the game has been having trouble retaining players due to a lack of new features. • On December 28th, the devs released Axie Infinity: Homeland, the game’s flagship land-based experience. Axie Infinity, a […]
Profit-Taking Hits 2021 Highs: What Does it Mean for the Crypto Market?
• Bitcoin (BTC) and Ethereum (ETH) are currently seeing green movements in the market and posting gains. • There is evidence of massive profit-taking happening across the two largest cryptocurrencies in the market. • This could have severe implications for the current mini-bull run being experienced. The crypto market is currently in a state of […]
Mastercard & Polygon Launch Web3 Accelerator Program to Support Emerging Music Talent
• Polygon has announced a collaboration with Mastercard to launch the Web3 Accelerator Program, aimed at bringing budding musical artists into the spotlight. • The program is set to begin in 2023 and will equip participants with the necessary skills, tools and connections to establish their music careers in the digital economy. • The program […]
NFT Market Upturn: Trading Volume Up 42%, But Fewer Sales
• The NFT market took a significant beating in 2022, with trading volume down 94% from its peak. • However, data from IntoTheBlock shows that there has been an increase in NFT trading volume in the last month, with a 42% increase in 30 days and a 100% increase in the last week. • Despite […]
Paul Krugman Warns Investors: Stay Away from Cryptocurrency
Bulletpoints: – Nobel Laureate Paul Krugman has expressed his disapproval for cryptocurrency. – He compared the cryptocurrency craze to the US housing market prior to its collapse. – Recently, he compared the crypto to Tesla and its stocks. Nobel Laureate Paul Krugman has recently joined the ranks of the world’s intellectuals and business moguls to […]
Gemini Accused Of Fraud In Class-Action Lawsuit, Investors Seek Compensation
• A class-action lawsuit was filed against Gemini and its founders Tyler and Cameron Winklevoss, alleging fraud and other crimes. • Gemini had a high-yield program called Gemini Earn, a cryptocurrency savings account that offered interest in exchange for deposits. • After the collapse of FTX, Gemini halted withdrawals for the interest-bearing contract, wiping out […]
BlueNoroff: North Korean Hackers Target Crypto Firms, Steal Millions
• North Korean hackers have been targeting cryptocurrency startups using a variety of methods, including pretending to be venture capitalists. • The hackers have been using malware to attack businesses in the Blockchain, DeFi, and FinTech industries, stealing millions of dollars in cryptocurrencies. • Cybersecurity firm Kaspersky Lab has released a report that details the […]
Shiba Inu (SHIB) Plummets 77% This Year, Still Tops Ethereum Whales
• Shiba Inu (SHIB) has declined 3% in the last 24 hours, making it the biggest loser of the Ethereum whales. • The coin has lost 77% of its value this year. • Data from WhaleStats shows Shiba Inu still holds the largest portion of the top 5000 ETH whales. The cryptocurrency market has seen […]