Tag: Markets

Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s

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Recent charges brought against Mango Markets exploiter Avraham Eisenberg will have a positive impact on the decentralized finance (DeFi) space, according to credit rating firm Moody’s.  In a Jan. 31 note from Moody’s Investor Service, AVP of decentralized finance Cristiano Ventricelli stated that enforcement actions brought by the two leading U.S. market regulators in January mean that DeFi is moving towards a “safer and more welcoming environment.” “The fact that both the SEC and CFTC took action against market manipulation by an alleged rogue trader is a credit positive for…

January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital collectible transactions rose more than 22% in the past month. Bored Ape Yacht Club Dominates, Ethereum Leads With 78% of Total NFT Sales in January 2023 NFT sales mirrored those of crypto assets in January 2023, reaching $997.53 million, a 41.96% increase from December 2022. Data from cryptoslam.io shows that out…

Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High  – Markets and Prices Bitcoin News

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On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT is still up 349% compared to last month’s exchange rate. Aptos Hits $20 Ceiling, Slides 20% Lower From All-Time High Aptos, a layer one (L1) blockchain created by two developers from the former Diem cryptocurrency project at Meta, saw significant growth against the U.S.…

Ethereum to Reach Peak of $2,474 Per Token in 2023, Finder’s Survey of Crypto and Fintech Experts Reveals – Markets and Prices Bitcoin News

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Seven days ago, finder.com, a product comparison website, published a forecast report based on predictions from several crypto and fintech experts, predicting bitcoin’s year-end price for 2023. Following the bitcoin price prediction report, Finder released another survey focused on ethereum, the second-largest crypto asset in terms of market capitalization. Finder specialists believe ethereum will reach a peak of $2,474 per token this year and end the year at $2,184 per unit. 24% of Panelists Believe Ethereum Will Surpass Bitcoin by 2025, Finder Survey Shows This week, finder.com, a product comparison…

Breaking Down 5 NFT Collections by Sales Volume  – Markets and Prices Bitcoin News

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Non-fungible token (NFT) assets have existed since at least 2014, but interest in them began to rise in January 2021, according to Google Trends data. Approximately one year later, the search term “NFT” reached its highest score on Google Trends. During that time the top five NFT collections, in terms of all-time sales volume, have collectively accrued $12.7 billion in sales volume. 5 Non-Fungible Token Projects Capture $12.7 Billion in Sales Two years ago, the search query “NFT” first appeared on Google Trends (GT), reaching a score of 1 out…

Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows – Markets and Prices Bitcoin News

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A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000. ‘Strong Year Ahead for Bitcoin’ Nickel Digital Asset Management published the results of a survey Thursday showing how high institutional investors expect the price of bitcoin to reach. The London-based investment manager is registered with the U.K. Financial Conduct Authority (FCA) and the U.S. Commodity Futures Trading Commission (CFTC). The survey, commissioned by Nickel and…

Goldman Sachs Ranks Bitcoin Best Performing Asset so Far This Year – Markets and Prices Bitcoin News

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Goldman Sachs has ranked bitcoin the best-performing asset so far this year. The cryptocurrency also tops the global investment bank’s list as the asset with the highest risk-adjusted return — above gold, real estate, the S&P 500, and the Nasdaq 100. Bitcoin Outshines Other Investments on Goldman’s Chart Global investment bank Goldman Sachs has reportedly ranked bitcoin the best-performing asset year-to-date (YTD). The Twitter account Documenting Bitcoin tweeted earlier this week: Bitcoin is the best performing asset in the world this year, according to latest data by Goldman Sachs. The…

Crypto Markets Shrug Off Latest US Productivity, Jobs Data; Bitcoin’s Price Hovers at $22.9K

Equity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic contraction. Since the start of the year, Amazon, Microsoft, Salesforce and more recently IBM have announced job cuts. Source