The music streaming giant Spotify is increasing its focus on Web3 by conducting trials of token-enabled playlists in a number of important locations. On February 22nd, Overlord, a Web3 game platform, ...
Tag: news
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance – Altcoins Bitcoin News
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of th...
The Development of Blockchain Chips
The use of blockchain technology is on the increase, and the majority of businesses are investigating the technology in some form. As blockchain technology grows more widespread, users of all stripes ...
More News That Points To No Recession
Coils of copper wire rods in a storage facility. Photographer: Andrey Rudakov/Bloomberg © 2021 Bloomberg Finance LP Its now more than half a year since Wall Street’s Cassandras warned of an imminent u...
Random Cryptocurrency Soars Over 200% on Big Coinbase News
Alex Dovbnya Coinbase’s announcement of a new Ethereum layer two (L2) network named Base led to a 234% surge in the random BASE cryptocurrency Base Protocol (BASE), a random cryptocurrency, expe...
Top crypto industry trends and news of the week
This week has seen several crypto trends catch the attention of investors and enthusiasts alike. From the rise of altcoins to the latest updates from major players in the industry. Here is a weekly ma...
Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year – Mining Bitcoin News
Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the 40 trillion mark for the first time ever. The n...
3 Canadian Banks for Big Dividends
Banks currently enjoy a strong tailwind thanks to the aggressive interest-rate hikes implemented by central banks, which are doing their best to restore inflation to normal levels. Rising interest rat...
Increased Insider Selling and S&P Valuation Are Waving Big Yellow Flags
As another trading week plays out let’s take a tally of the market. Most major equity indexes closed near their intraday highs Thursday as three of the charts managed to close above their near-t...
JPMorgan to Open Blockchain Innovation Lab in Greece – Blockchain Bitcoin News
Financial giant JPMorgan has announced it will open a new blockchain innovation lab in Greece. The lab will be focused on the development of applications on top of Onyx, the blockchain platform launch...
Crypto Market In The Red With News Of Hot US PCE Inflation Data
Crypto News Today: Crypto prices and the US stock futures dropped in response to the news of stronger than expected rise in prices in January 2023. The core personal consumption expenditure (PCE) pric...
Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon – Blockchain Bitcoin News
Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accel...
Former FTX CEO faces 12 criminal charges
The federal court who is presiding over the prosecution of the former chief executive officer of FTX, Sam Bankman-Fried, has given the order for a superseding indictment to be disclosed. This indictme...
IMF Board Offers Guidance for Developing Effective Crypto Policies – Regulation Bitcoin News
The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypt...
Interchain Foundation to Spend $40 Million on Cosmos Ecosystem Development
According to an announcement made by the Interchain Foundation (ICF) on February 20 in a Medium post, the nonprofit organization that was responsible for the creation of the Cosmos (ATOM) interblockch...
POSA Publishes Two White Papers
On February 21, a collection of white papers was released by the Proof of Stake Partnership (POSA), a nonprofit industry organization. These white papers investigate the legal status of deposit tokens...
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks – Regulation Bitcoin News
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor di...
Revenue for United States-based Coinbase Exchange Beats Expectations for 4th quarter
Coinbase, a cryptocurrency exchange that operates in the United States, has disclosed that its revenue for the fourth quarter of 2022 has above projections. This comes despite the fact that the exchan...
Team behind Friendsies NFT project refutes claims
The team that is responsible for the nonfungible token collection Friendsies has refuted assertions that they are “abandoning” the NFT project in the wake of a flood of allegations that th...
The Charts Are Cooking Up an ‘Apple’ Turnover
By BRUCE KAMICH Feb 24, 2023 | 01:55 PM EST Stocks quotes in this article: AAPL Apple ( AAPL) is perhaps the most closely followed company on the face of the planet. Many people track all the new dev...
Solana Spaces to Close Down Stores
Solana Spaces has decided to close its two Solana (SOL)-themed, community-oriented retail shops in New York City and Miami at the end of this month. These stores are situated in both cities respective...
Roku Inc (NASDAQ: ROKU) Stock Price Reacting to Only Happy News
Roku Inc. (NASDAQ: ROKU) and its subsidiaries operate as a TV streaming platform. The operations span from platform to devices. The ROKU stocks jumped by 11% last week due to the release of quarter fo...
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000 – Markets and Prices Bitcoin News
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. ...
Latest news about Bored Ape NFT
Several controversial pieces of news in recent hours concern Bored Ape NFTs. Specifically, $169,000 have been destroyed to migrate Bored Ape to Bitcoin. In addition, Yuga Labs is currently at the cent...
NFTs belonging to bankrupt hedge fund to be sold by liquidators
According to a recent statement, the nonfungible tokens (NFTs) that belonged to the failed hedge firm Three Arrows Capital (3AC) would be liquidated by its liquidators, Teneo. Christopher Farmer, a jo...
NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales – Markets and Prices Bitcoin News
Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales h...
Galaxy Digital Invests $44 Million Into Institutional Cryptocurrency
In order to access its exclusive asset storage and management capabilities, Galaxy Digital has put $44 million into an institutional bitcoin custody platform. The purchase of GK8, a company that has c...
3 Stocks Growing Their Dividends By 10% or More
Some income-oriented investors make their investment decisions based primarily on the current dividend yield of stocks. However, a stock’s dividend growth rate is sometimes more important than i...
Binance Australia Derivatives starts closing certain positions and accounts
Users of the Binance Australia Derivatives product have reported receiving unexpected notices on February 23 from the digital asset platform, which said that the company has begun closing some derivat...