The SingularityNET token, AGIX, witnessed a significant surge of more than 15% today, following a tweet from Twitter CEO and Tesla founder, Elon Musk. The tweet, which featured a humorous motivational...
Tag: Effect
SVB’s failure will have a ripple effect across technology for years
Silicon Valley Bank’s collapse could have ramifications for the technology landscape over the coming years, analysts and investors said. Nikolas Liepins | Anadolu Agency | Getty Images Silicon V...
DAI recovers after severe depeg caused by USDC ripple effect
MarketDAO’s stablecoin DAI recently experienced a recovery following a de-pegging event that saw the stablecoin drop from the $1 value to $0.88. As the Silicon Valley Bank saga continues, the price of...
Shiba Inu Burn Machine Has No Effect on 590 Trillion SHIB Supply, Data Shows
Arman Shirinyan Shiba Inu burning mechanism struggles to beat enormous 590 trillion supply Shiba Inu, the meme-inspired cryptocurrency, has been burning millions of its tokens since its creation. Howe...
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
The stablecoin ecosystem felt an immediate effect as USD Coin (USDC) depegged from the US dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $.3.3 billion of Circle’s ...
Yuga Labs’ TwelveFold auction had this effect on Apecoin [APE]
The 24-hour TwelveFold auction raised 735 BTC, or about 16.45 million at press time market price Technical indicators sounded a bearish alarm for APE at the time of writing Yuga Labs is in the news af...
Let The Country Benefit From The JetBlue Effect
Richard Branson once famously said (reflecting on his adventure with Virgin Atlantic), “If you want to be a Millionaire, start with a billion dollars and launch a new airline.” For his part, Warren Bu...
What is the network effect?
The network effect is a phenomenon where the value of a product or service increases as more people use it. As the user base grows, there are more opportunities for interactions, which can lead to inc...
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Ima...
Assessing the effect of Optimism’s ‘NFT Quests’ on OP holders
Optimism NFT quests drive growth, usage, and volume. Despite the growth, Optimism lags behind in TVL when compared to Arbitrum. Optimism, a DeFi protocol, saw a significant increase in activity due to...
Japan’s new stablecoin regulations to take effect in June – Cryptopolitan
In Japan, the Financial Services Agency (FSA) is set to lift the ban on the domestic distribution of foreign-issued stablecoins in 2023. This will be part of a proposed cabinet order and cabinet offic...
Crypto Regulations Needed to Avoid Effect on Traditional Finance, States IMF Officials
Cryptocurrencies, given their infancy stage and relatively less user base, are prone to volatility and instability in their value. Since the inception of the first cryptocurrency in the world, Bitcoin...
The ‘Elon effect’ shows how opinion leaders shape the fintech market
The power that influencers have in affecting public perception and therefore causing alterations in the value of a product, service, asset or currency has increased to the point where they can crash o...
Silvergate Layoffs 200 Employees Following FTX Domino Effect
Silvergate wrote off the $196M amount paid to Facebook as per the recent announcement. Around 40% of Silvergate Capital’s staff has reportedly been let go. Officially announcing the acquisition of Die...
Change in QQQ’s holdings had this effect on its prices
Investment portfolio changed with Microsoft on top. Quarterly dividends distributed on 30 Dec’22. Nearly 50% investments are in IT companies. Since evolution, humankind has found ways to embrace tech...
The upcoming Bitcoin halving could have this effect on your holdings
According to new data by CryptoQuant, the upcoming Bitcoin halving could trigger a relief rally for Bitcoin. Miner revenue declined as holders sold their BTC for a loss. Bitcoin [BTC] holders may have...
Adani Effect Propels India Stocks Past Most World Markets in ‘22
(Bloomberg) — India is set to rank among this year’s best-performing major stock markets globally, overcoming concerns about higher interest rates and an economic slowdown that has mired peers. ...
Japan’s “Sudden and Unexpected” Policy Shift and its Effect on BTC
The Bank of Japan (BOJ) unexpectedly raised the cap on the 10-year Japanese government bond yields to 0.5% from 0.25%. After this, the price of Bitcoin rallied over 4%. According to the Forbes report...
Biggest Hurdle For Recovery Amid FTX Effect
Solana (SOL) Price News: The Solana network came under immense pressure with the recent collapse of FTX and the subsequent bankruptcy. The blockchain lost value quite rapidly with the news of the Sam ...
Can Shiba Inu (SHIB) Have Positive Effect on Price With Recent Milestones?
Over the past few days, Shiba Inu (SHIB) has had major highlights that positively impacted the sentiment of the altcoin meme community. But what were these developments, and what can we expect for the...
The Federal Reserve’s pursuit of a ‘reverse wealth effect’ is undermining crypto
The Federal Reserve’s strategy to hike interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the industry ne...
The Fed’s 50-bps hike faces off against the “compressed lag effect”
In the final Fed meeting of the year, Chairman Powell and the FOMC announced a rate hike of 50 bps, lifting the policy rate to 4.25%-4.50%. The decision was unanimous and very much in line with expect...
Recession fears could trigger a ‘lipstick’ effect on deal activity next year
In one of the biggest media mergers in history, AOL acquired Time Warner for $182 billion in 2000 to form $350 billion mega-corporation, AOL Time Warner Erik Freeland | Corbis Historical | Getty Image...
massive withdrawals has no effect on Binance
The CEO of on-chain analytical company CryptoQuant looked at the largest exchange’s assets to determine whether it was financially sound, resilient, and ready for another sizable wave of withdrawals. ...
SBF to Testify Remotely At the Senate Banking Committee Hearing Tomorrow Amid Fear of “Paparazzi Effect”
– Advertisement – FTX founder said he is not planning to attend the testimony in person. Sam Bankman-Fried (SBF), the former CEO of FTX cryptocurrency exchange, disclosed today that he ha...
MakerDAO’s latest developments could have this effect on MKR and its holders
MakerDAO announced a new proposal that would remove REN BTC vaults Their revenue through real-world assets increased, however, TVL declined In a tweet dated 10 December, MakerDAO revealed that they wo...
Avalanche and Alibaba partnership may have this effect on AVAX
Avalanche recently partnered with Alibaba Cloud to offer Node-as-a-Service. There will not be a need for a complex setup for validators with this partnership between Avalanche and Alibaba Cloud. AVAX ...
Unprecedented Parity Could Have A Chilling Effect On NBA Trade Season
PHOENIX, ARIZONA – NOVEMBER 22: Russell Westbrook #0 and Anthony Davis #3 of the Los Angeles Lakers … [+] bring the ball upcourt during the second half of the NBA game against the Phoenix ...
The Musk Effect – Crypto and Elon Musk
Join Our Telegram channel to stay up to date on breaking news coverage If you are a crypto trader and have been watching the charts, you’d know that Elon Musk’s tweets have had a lot of impact on cryp...