CryptoX – Cryptocurrency Analysis and News Portal The firm behind the Bored Ape Yacht Club NFT collection is in talks with layer 1 suitors as the project considers a post-Ethereum future. Source The post ApeCoin Migration Draws Interest From Avalanche, Flow appeared first on CryptoX. CryptoX Portal
Voyager Digital (VOYG) shares were downgraded to neutral from buy at boutique investment firm Compass Point, which cited headwinds across the crypto ecosystem and questioned how the trading platform’s retail investors will fare during the market rout. Source
Last week saw one of the largest losses of value in the history of cryptocurrency. Bitcoin and the general crypto market crisis was hit by the Terra ecosystem’s collapse. Bitcoin plummeted to under $30,000. Obviously, institutional players took advantage of the circumstance. Investors Flood Bitcoin Institutions reportedly invested $300 Million into exchange-traded Bitcoin funds last week, according to reports. According to CoinShares, the previous week recorded record weekly crypto inflows for the year 2022. The net weekly inflows were $274 million in the previous week. While North American investors pumped…
Treasury management platform Coinshift has closed a $15m series A funding round, with investment from the likes of Tiger Capital and Alameda Ventures. Source
With the development of gaming platforms, virtual items have also become a popular method of monetization, but most games store data on private servers, giving gamers a reason to doubt their reliability and transferability. Developers can change the game policy at any time to maximize their profits. They are not obliged to consult users or take responsibility for the harm caused to the game ecosystem. This problem can be solved by blockchain technology which makes it possible to own and transfer virtual assets to anyone through nonfungible tokens (NFT). In…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Adam Back Announces Bitcoin Mining Cooperation with Tesla & Block Powered by Bitdeer: #bitcoin #bitcoinmagazine #bitcoin2022 #adamback #tesla #bitcoinmining Use promocode FOMO for 10% off everything in our store! ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
“I maintain that the trade in crypto derivatives should be restricted to wholesale trade,” said Paul-Willem van Gerwen, head of Capital Markets and Transparency Supervision at the Dutch Authority for Financial Markets (AFM). He cited the risks of markets that are opaque, and prone to manipulation and other criminal activity. Source
The infamous Conti ring’s internal messages, leaked in February, served as a jumping-off point for a new transaction analysis by Crystal Blockchain. Source
Jump Crypto led the funding round for the firm, which secures $50 billion of DeFi assets. Source
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country.” RBI’s Crypto Warnings and Dollarization of Economy The Reserve Bank of India (RBI), the country’s central bank, has warned that cryptocurrencies could lead to the dollarization of a part of the Indian economy, PTI reported Monday, citing unnamed sources. During a briefing with India’s Parliamentary…