Cryptocurrencies held onto gains on Wednesday, although sentiment among traders and analysts remains mixed. Some altcoins such as AVAX and GRT rallied, while bitcoin (BTC) traded roughly flat over the past 24 hours. Source
Month: February 2022
Bitcoin Isn’t an Inflation Hedge Yet, but Here’s How It Could Be
Today, crypto assets are not yet disambiguated with any sophistication by market participants. In the context of macro markets, bitcoin, ether, ADA, SOL and AVAX are all lumped together. For traders and investors who spend all day on crypto, this is of course not the case, but just watch the next time any mainstream financial news outlet covers crypto. Only rarely are these and other tokens broken out as different categories or classes. For bitcoin to stop trading like a risk asset and start trading as an inflation hedge, it…
Gold-Backed Tokens Grow Despite Mixed Reviews From Analysts
With gold and gold tokens, when the price goes up, gold miners can try to dig up more and increase supply. Bitcoin’s supply, by contrast, is controlled by the underlying blockchain’s original programming. When the price goes up, the supply growth stays the same. Source
The Graph (GRT) gains momentum as Web3 becomes the buzzword among techies
The ongoing digital revolution and rise of the internet have upended the old global value structure over the past 30 years, and big data has become the new “gold” or “oil” — a fact demonstrated by the money-making capabilities of platforms like Google and Facebook. One blockchain project focused on the future of retrieving and managing data is The Graph (GRT), an indexing protocol designed for querying networks like Ethereum and IPFS through the creation of open APIs called subgraphs. Data from Cointelegraph Markets Pro and TradingView shows that since…
What Web 3 Can Learn From 3D TV
What Web 3 Can Learn From 3D TV Source
NFT Sales Nosedive This Week as Volume Drops Close to 30% – Markets and Prices Bitcoin News
According to current metrics, non-fungible token (NFT) sales have dropped 29.35% since last week. While Ethereum and Solana are the two blockchains with the most NFT sales volume, both blockchain networks have seen NFT sales nosedive anywhere between 27% to 32% over the last seven days. Weekly Non-Fungible Token Sales Plummet Despite Recent $23 Million Cryptopunk Sale Non-fungible token (NFT) sales volume is down this week despite Cryptopunk #5822 selling for 8,000 ether worth $23 million. According to today’s statistics stemming from cryptoslam.io, during the last seven days, there’s been…
Bitcoin’s 'Energy Problem' Is Overblown
Yes, Bitcoin consumes a huge amount of electricity. But we must look at both its energy sources and its overall vision in order to fully understand the situation. Original
क्या करें और क्या न करें Current Market Condition में | Cryptocurrency Market Crash
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Bitcoin $44,000 Value Still Unstable
The crypto market is showing mixed signals as events in Russia dominate. Prices pushed higher on optimism over the official recognition but then dropped back to reality when concerns about Ukraine arose again. Elsewhere, the news of hot US inflation figures coming in at 7.5% and a seizure of $3 billion from hacked Bitcoin by the United States’ Justice Department sparked more volatility for traders around the world. Related Reading | TA: Bitcoin Fails to Test $45K, Why Dips Could Be Attractive The world’s largest asset management firm is preparing…
Nic Carter’s Castle Island Ventures Raises $250M for Third Crypto Fund
The early-stage firm is targeting monetary networks, financial services and internet infrastructure with its latest fund. Source