Only time will tell if the project will continue to see success, but the current forecast looks promising. As of writing, Pudgy Penguin NFTs have done a total of 170,457 ETH in trading volume (over $300 million) and have a floor price of 5.4 ETH, or about $9,700. Source
Managing a digital asset portfolio is operationally complex, with investors requiring a comprehensive set of capabilities such as custody, trading, investment products, advisory and efficient fiat on-off ramps. In this regard, many CEXes integrate these solutions into a single platform, greatly reducing the technical complexity of owning and managing tokens native to different blockchains. This value proposition is clear when considering the alternative: where investors manage several wallets and directly participate in multiple liquidity pools across different blockchains. While some investors will have the capabilities to do so, the steep…
In addition to its untapped potential, crypto and blockchain have come to be defined by such features as decentralization, security, transparency, efficiency, innovation and financial inclusion. Many of these facets are attractive to financial advisors as they scan the macroeconomic landscape for investment opportunities for their clients. With a difficult 2022 behind us – during which almost every asset class went down – and the traditional 60/40 portfolio had its worst year in over a century, it is important for advisors to be open to possibilities in the future landscape…
The largest crypto exchange in the US rolls out a new marketing initiative that puts the spotlight on crypto technology’s transformative potential for the global financial system. According to Coinbase, the national advertising campaign, Crypto: Moving America Forward, also shows what is at stake if the US fails to advance crypto given that other nations, including fellow superpower China, make significant progress with the technology. “With China embracing and advancing the use of technology, including digital assets, to project power, Crypto: Moving America Forward will also make clear that US global…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied To facilitate efficient trading within bitcoin’s (BTC) evolving on-chain economy, crypto startup Stably has introduced Stably USD, a new dollar-backed stablecoin. In a significant development for bitcoin‘s rapidly developing on-chain economy, a new dollar-backed stablecoin named Stably USD has been launched. Stably, the issuing firm, anticipates the token becoming a preferred currency for traders seeking to participate in the proliferation of new asset classes on the bitcoin platform. The company argues that their stablecoin could facilitate…
If Greenidge is any indication, the real conversations we could be having around bitcoin mining and class will be increasingly consumed by another conflict: the Culture War. I’ve said for a while, perhaps being too reductionist, that bitcoin is going to become a red-blue issue in the U.S., with Republicans increasingly endorsing it and Democrats disavowing. Although the network itself will likely always remain “credibly neutral,” the way we think about it, and politicize it, will fall along predictable lines. Many topics have traveled thus. Before climate change became a…
American spaceflight company Virgin Galactic has announced preparation for a highly anticipated milestone as it prepares to launch its first spaceflight in nearly two years. This crucial flight serves as the Virgin Galactic Holdings‘ (NYSE: SPCE) final test before the company begins flying commercial passengers, marking a significant step forward in the realization of its space tourism vision. The mission called ‘Unity 25’ represents the company’s fifth space voyage and is expected to launch from Spaceport America in New Mexico. According to reports, six Virgin Galactic staffers will be traveling…
USDC stablecoin issuer Circle recently launched Euro Coin on the Avalanche protocol to exploit the network’s blazing transaction speed. Circle has launched a euro-based stablecoin on the Avalanche blockchain to deliver prompt and efficient payments and financial services. The Euro Coin (EUROC) launch is the first of a series of anticipated multi-chain launches to aid developers and users. According to Circle’s team, Euro Coin availability on Avalanche increases liquidity and provides users an additional transactional option alongside USD Coin (USDC). Last year, Circle launched EUROC as a regulated stablecoin backed 100% by euro reserves. Each…
“The significance of this large volume can be positive, as it indicates liquidity and market validation,” said Ghergelas. “However, there are also potential negatives, as high volumes on Blend could increase the price volatility, impacting market stability and making it difficult for traders to predict price movements accurately.” Source BlendBlursDappRadarLendingMarketNFTPlatformShare CryptoX Portal
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto.com, a popular cryptocurrency exchange, is listing the Euro and pairing it with several crypto assets, according to an update on May 24. The exchange is taping into Euro’s liquidity, enabling the trading of bitcoin (BTC), ethereum (ETH), and USDT. Euro pairs The crypto-euro trading pairs would allow users to deposit, trade, and withdraw supported cryptocurrencies with the Euro. By incorporating Euro trading pairs, the exchange expands the range of trading options available to users. This move caters…