CoinFLEX faced a lot of criticism online following its announcement stopping all withdrawals abruptly for an unspecified period. The organization’s followers on social media were disappointed with the action by the team at such a time when the markets are extremely volatile and showing bearish indications. For the time being, CoinFLEX has sent out apologies […]
The e-commerce and online auction giant Ebay has announced the company has acquired the non-fungible token (NFT) marketplace Knownorigin. Ebay declared that the acquisition is an “important step in Ebay’s tech-led reimagination.” Ebay Purchases NFT Marketplace in Order to Make E-Commerce Site the World’s Top Destination for Collectibles Ebay revealed on Wednesday that the company […]
SOUTH BEND, Indiana, 23rd June, 2022, Chainwire SIMBA Chain, the leading provider of blockchain enterprise solutions, has announced the launch of its new non-fungible token (NFT) marketplace SIMBA Market. The platform, which will feature collections from a variety of well-known names in sports and entertainment from the outset, will offer curated brands the opportunity to […]
The bear market is affecting the operations of many companies but KuCoin’s CEO believes it is only temporary. KuCoin CEO Johnny Lyu, revealed in a recent interview that he believes the bear market is temporary. The bear market has been in play for the past few months, with most cryptocurrencies down by more than 60% […]
Bitcoin has lost more than 70% of its value since hitting an all-time high of $69,000 in November 2021. Largely, the crypto market’s sell-off since last November has all types of investors down on their positions. Bitcoin is down to around $20,000 today, having recovered from lows below the 2017 cycle peak. Losses have been […]
This is the June 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto Market Performance Crypto markets continued on a downtrend as BTC and ETH were down 30% and 44% respectively over the […]
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After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this pause. Celsius has yet to comment on when the company is going to stabilize its operations. Celsius has also paused communications on Twitter […]
UniSwap Labs the main developer behind the leading decentralized protocol UniSwap has acquired the NFT marketplace aggregator Genie. The move will further incorporate NFT functionality into UniSwap Labs’ product range. In an announcement made by UniSwap on Tuesday, the developers said the move will unlock universal ownership and exchange NFTs on the DeFi protocol. 1/ […]
The Solana (SOL) whale that was subjected to the potential takeover by a recent Solend governance vote has gotten in touch with the lending protocol and moved $25 million worth of USD Coin (USDC) debt to Mango Markets. In a tweet, Solend shared that the whale has acted on the team's suggestion to move their position […]
Decentralized exchange Uniswap announced the acquisition of the NFT marketplace aggregator Genie on June 21st. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform. Uniswap is now integrating NFTs into its product line beginning with the Uniswap web app and later integrations are said to include […]
There is good reason to be afraid. Previous down markets have seen declines in excess of 80%. While tightfisted hodling might hold wisdom among many Bitcoin (BTC) maximalists, speculators in altcoins know that diamond handing can mean near (or total) annihilation. Regardless of one’s investment philosophy, in risk-off environments, participation flees the space with haste. […]
On Tuesday, Magic Eden, a popular nonfungible tokens, or NFTs, platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm, and Sequoia […]
Summary: Solana-based NFT marketplace of Magic Eden has raised $130 million in a Series B round at a $1.6 billion valuation. The funds will expand Magic Eden’s primary and secondary marketplaces. The Solana-based NFT marketplace of Magic Eden has raised $130 million in a Series B round led by Electric Capital and Greylock Partners. The […]
It’s not easy getting heard. The great clamor of the crypto market makes it difficult to cut through the marketing noise. Even projects with sufficient budgets to spend can struggle to get the marketing they need, whereas those with captive audiences can’t easily monetize. KOLnet solves both these problems. It’s the world’s first marketing DEX […]
Bancor has suspended impermanent loss protection, citing hostile market conditions. The feature will be reactivated when markets stabilize. Bancor is the latest entity to take action as the effects of the bear market grow. The Bancor decentralized exchange is suspending its impermanent loss protection feature as it too begins to feel the effects of the […]
The cryptocurrency space is currently experiencing another bear market as prices are down by more than 50% from the all-time high. The cryptocurrency market has recorded massive losses over the past few months. The total crypto market cap is down by more than 60% since hitting an all-time high of $3 trillion in November 2021. […]
The ongoing bear market on cryptocurrency markets is too harmful to industry lenders but the concept of crypto lending can still survive the bloodbath, according to some industry experts. Cryptocurrency lending is a type of crypto services allowing borrowers to use their crypto assets as collateral to get loans in fiat currencies like the U.S. […]
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On Big Swings, More Volume […]
Key takeaways: Sam Bankman-Fried’s Alameda Research has lent Voyager digital 200 million USDC and 15k Bitcoin. The digital assets are meant to safeguard Voyager Digital’s customers’ assets during the current crypto market volatility. The term sheet between Alameda Research and Voyager Digital provides a revolving term of credit facilities expiring December 2024 with an annual […]
El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives. However, as tensions rise amid falling […]
