Coinbase’s director of product strategy and business operations, Conor Grogan, revealed that billions of dollars worth of Ether had been permanently lost due to bugs and human errors. The director noted that mistakes and glitches were the cause of losing 636,000 ETH or $1.15 billion on the Ethereum blockchain. Gone With No Recovery According to…
The latest reports involving Three Arrows Capital (3AC) suggest that the company’s liquidators are on the move. They are reportedly in the process of carrying out a huge sale of the seized assets. Liquidators to Sell NFTs As per the sources, Three Arrows Capital had a large volume of non-fungible tokens (NFTs) that were frozen…
The last couple of years has been a roller coaster ride for the cryptocurrency market. For example, the third halving of Bitcoin took place in 2020, which saw a huge surge in the cryptocurrency’s price. This type of halving takes place every four years. After this, large-scale investors and corporates started investing rapidly in Bitcoin…
Jim Cramer Advises Investing In Gold Rather Than Crypto On 23rd January 2023, the globally popular host of ‘Mad Money’, Jim Cramer, was seen advising investors where to put their money. While addressing investors, Cramer suggested that they should immediately put their money into Gold. He strictly advised them also not to engage with cryptocurrencies…
As the year 2023 began and the crypto market started to show signs of a recovery, all eyes were on the major cryptocurrencies. The crypto communities wanted to know how well the major cryptocurrencies were going to perform in a bullish trend after a long winter. Aptos has come out of nowhere Just when most…
Last week, federal authorities arrested the founder of Mutant Ape Planet, Aurelien Michel. The NFT collection founder was accused of operating a scam scheme known as ‘NFT rug pull’. However, it appears that may have been just one of the numerous scams that Michel may have pulled off. Allegations On Friday, ZachXBT, a prominent blockchain…
In recent trading sessions, both Bitcoin and Ethereum have demonstrated somewhat similar trends. This is because just like Bitcoin, the price of Ethereum has recorded a consolidation. ETH Price has consolidated The data shows that in the recent trading sessions, the trading price of ETH has consolidated. The price of ETH had been surging higher…
Multi-Purpose Utility Token YES WORLD, which is widely known as a weather technician startup on the blockchain, successfully achieved a crucial milestone. Milestone accomplishment was duly noted in the press release which revealed that the project executed record-breaking transactions of YES WORLD Token namely $YES. The official press release of YES WORLD suggested that approximately…
5% Decrease In NFT Sales Volume Past Week As per data from cryptoslam.io, approximately $112.70 Million worth of Non-Fungible Tokens’ (NFTs) sales were carried out in the past 7 days. The data further indicates that last week’s NFT sales volume dropped significantly by 5.23%. However, as regards NFT transactions, the data notes that there has…
Introduction Crypto trading is the latest trend of investment that is popular among the younger generation. However, before cryptocurrencies, there were other trading options available in the market outside of the stock market as well. One such alternative for trading is Forex Trading. Investors are always looking to diversify their portfolios by dividing their investment…
Escalated selling pressure over the past few days saw APE witnessing a patterned bearish break. The crypto saw slight improvements in MVRV and network growth. ApeCoin had its downward snowballing after the alternative token touched its all-time high zone in April 2022. That saw the alt denying buyers an opportunity to welcome trend-shifting rallies for…
Chiliz highlighted that its new PoSA (Proof-of-Staked-Authority) chain was in the testnet phase. The latest market correction saw CHZ price rallying, putting most holders in profit. The leading entertainment and sports fan token platform, Chiliz, revealed two crucial upgrades on its ecosystem in the upcoming weeks. Moreover, it showed the announcement on November 9. The…
NBA Top Shot gained popularity in early 2021, as Dapper Labs’ digital collectibles platform helped bring Non-Fungible Tokens(NFTs) into the mainstream. However, the hype was short-lived as sales have gradually dropped over time. In October 2022, the NFT marketplace recorded the lowest monthly trading volume since December 2022. According to CryptoSlam, an NFT analytics platform,…
Hungry Baboon is among Hedera’s top-performing non-fungible tokens. The collection surpassed 10 million in volume within the last two weeks – as of October 29. The NFTs’ official Twitter handle retweeted the narrative. Hedera’s increasing social engagements and mentions could have propelled this growth. Lunar Crush, a social media analytic site, stated that Hedera’s social…
CHZ flips its market outlook to bearish. Will bears eventually push Chiliz to $0.18? Chiliz, the digital coin for sports tokenization, has witnessed doubt creeping within the last few weeks. The massive performance during August’s initial sessions and mid-September seemed to have faded. Also, Bitcoin presented some weakness, barely holding the $19K value area. Volatility…
Amid the current crypto bear market, overall NFT sales volume remained flat in September, but individual NFT sales are keeping pace. For instance, Solana NFTs are gaining momentum while high-value NFTs on Ethereum are still selling. In September, the NFT market recorded sales worth over $947 million, according to DappRadar. That compares to $925 million…
Binance Coin (BNB) has displayed disappointing antics since early September, worrying market players. Nevertheless, a report showed the exchange crypto attained some lucrative performance in some crucial areas. BNBburn revealed that the coins burned in Q3 exceeded the Q2 record. While publishing this post, Binance Coins burned in the 3rd quarter were 2,040,503.56 $BNB, compared…
The borrowing against valuable NFTs as collateral has seen steady growth this year. The recent development involves Fragment, a Mutant Ape Yacht Club NFT holder who borrowed about 1,000 ETH valued at over $1.3M using a pair of the said NFTs as collateral. Gabe Frank, CEO of Arcade, the lending DeFi that facilitated the loan,…
Avalanche developers launched the AvalancheGo@v1.8.6 upgrade recently. This version is v1.8.0-backward compatible, which developers recommend despite being optional. Besides the new update, the Avalanche community has seen multiple positive developments recently. That has seen the blockchain increase its value. Also, AVAX’s price reacted to these developments, recording a 2% uptick within the past 24 hours….
The new report by a crypto research platform, Messari, evaluated Ethereum’s performance in the 3rd quarter of 2022. The State of ETH Q3 2022 report discovered that the blockchain saw a surge in network activity in the third quarter. Nevertheless, the platform also noted some sectoral plummets and endured a general dip in revenue because…
