“This results in a large price movement for the LUNA asset, as there is not only significant buying but also significant supply reduction,” said Dustin Teander, analyst at blockchain data platform Messari. “Both forces push the LUNA price higher, leading us to where we are now.” Source
So, you have heard about NFTs and how these “digital avatars” are printing money for their holders. In 2021, NFTs were so popular that the term was christened Word of The Year by a famed dictionary company. There is a social buzz around NFTs and probings as to whether they offer more than just being overpriced avatars, or come with no other utility behind the art, even with proof of ownership. NFTs are more than just get-rich-quick-schemes or digital art you can right-click save on. Apart from representing art, Non-Fungible…
Quick take: Riot Blockchain has announced that it plans to develop a 1 GigaWatt Bitcoin mining facility in Navarro County, Texas The facility is part of its Bitcoin mining and hosting expansion plans, aptly named ‘The Expansion’ The Expansion will start with an initial 400 MegaWatt facility on a 265-acre site and is expected to commence in July 2023 The additional 600 MegaWatt will be added in the future via the 345 kV Navarro switch The publicly traded Bitcoin mining and hosting services provider of Riot Blockchain has announced plans…
Dragonfly Capital, a prominent venture capital corporation operating in the cryptocurrency sector, has announced its third funding round, valued at $650 million. The figure surpasses its two prior rounds of $100 million in October 2018 and $200 million in December 2020. The $650 million raise saw participation from Tiger Global, KKR, Sequoia China and Invesco, among others, and arrived at slightly higher than the $500 million initially declared to the Securities and Exchange Commission in a Form D filing in January. The introduction of Dragonfly Fund III was coupled with a…
Bitcoin’s decline in the last week of April has been felt around the market but altcoins have taken the biggest hit of all. More specifically, Small Cap altcoins have been on the receiving end of this decline. Even as the end of the month draws to a close, these altcoins have yet to get a reprieve from this decline. However, the month of May could prove to be better for these small market cap coins given that recoveries tend to come after the worst declines. Small Cap Altcoins Take The…
press release PRESS RELEASE. LD Capital has officially established LD Research which aims to conduct industry focus research, cutting-edge technology exploration, and project economic system design. LD Research will recruit development engineers, economists, and other professionals in verticals to work closely with the top team to provide economic model design, development technical support, market growth, and other services to achieve common growth with the project. Meanwhile, LD Research will cooperate with the LD Capital portfolio, focusing on Web3, GameFi, NFT, and so on, and being committed to solving crucial issues…
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Summary: Arthur Hayes has forecasted that Bitcoin could get to $1 million and Gold to $10,000 to $20,000 by the end of the decade Mr. Hayes’ forecast of Bitcoin and Gold is based on an event he describes as ‘the Doom Loop’ The Doom Loop is when the US Federal Reserve starts to pay ‘more in interest on its debt than it receives in tax receipts’ Accommodating the Doom Loop will involve the Fed easing its measures in fighting inflation The Co-founder and former CEO of Bitmex, Arthur Hayes, has…
CryptoX – Cryptocurrency Analysis and News Portal Are Crypto ‘Legal Tender’ Laws Even Necessary? Original Source The post Are Crypto ‘Legal Tender’ Laws Even Necessary? appeared first on CryptoX. CryptoX Portal
Bitcoin (BTC) remains a slave of the U.S. dollar on April 27 as the greenback spells fresh misery for risk assets across the board. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC faces off with the support zone to hold Data from Cointelegraph Markets Pro and TradingView showed a precarious picture of BTC markets on April 27 as bulls battled for control of short-term support levels. After dipping to $37,700 on April 26, Bitcoin saw a relief bounce that culminated in a rebound to $39,200 — a zone th is now…