Tag: Report

Report Investigates a Secret, Invitation-Only Crypto Event Held in Beverly Hills – Bitcoin News

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According to a recent report, a secretly held, invitation-only crypto gala took place in Beverly Hills called the “Medici LA 22” event. The exclusive cryptocurrency gathering took place under the radar, but the two-day meeting was reported on after “130 or so” attendees met. An Exclusive, Closed-Door Meeting Took Place in Beverly Hills With Wall Street Big Wigs and Crypto Industry Leaders On May 3, Bloomberg reporter Yueqi Yang described an event called Medici LA 22, a secret gathering meant to create “actionable investment ideas” in the crypto industry. The…

Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report

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Solana and Moonbirds came to the rescue of the bearish nonfungible token market in April after a six-week cooldown phase. According to DappRadar’s monthly report, the NFT market recorded a multimonth trading volume high of $6.5 billion in April, surging 23% from March and breaching the $6 billion mark for only the third time in its history. Source: DappRadar Moonbirds contributed $500 million worth of trading volume, while the Solana blockchain recorded nearly $300 million in NFT trades, with a 91% month-on-month increase. Many new hyped NFT projects also contributed…

A third of Brits have bought crypto, says Coinbase report

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Bitcoin (BTC) number go up technology is boosting crypto adoption in the United Kingdom. More and more Brits are buying cryptocurrency, according to a Coinbase research piece carried out by Qualtrics. The key takeaways indicate that 33% of British people own crypto, up from 29% in October 2021. Plus, over half, or 61%, of those surveyed intend to increase their holdings over the next 12 months. For Danny Scott, CEO of the United Kingdom’s leading Bitcoin exchange, CoinCorner, the statistics “seem incredibly high.” Scott suggested that “we’re seeing a quiet period from…

Institutional Investors Exit Market As Crypto Declines, New Report Reveals

Following the failure of the crypto market to return to its former glory, institutional investors are fleeing in droves. The market has seen a large outflow of institutional cash in recent weeks, according to multiple sources. Coinshares made the figure surrounding the conversation available a few days ago in a recent update. Investors Leave Market According to Coinshares’ latest figures, the total amount of money that has flown out of the market owing to institutional investor withdrawals in a month is over $339 million. Despite the fact that the market…

Coinbase’s plans to purchase firm behind Mercado Bitcoin fall through: Report

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Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm. According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the United States-based crypto exchange buying the Brazilian company, which was valued at more than $2 billion. It’s unclear what led to the purchase not going through, as 2TM reportedly declined to comment and a Coinbase spokesperson said it was simply “committed to the Brazilian market.” Coinbase and 2TM scrapped talks over a possible purchase…

How blockchain games create entire economies on top of their gameplay: Report

Axie Infinity turned its game into a billion-dollar economy that helped thousands of players in the Philippines and other low-income countries to weather the fallout from pandemic mitigation measures. The main ingredient for success: strong property rights.  Players can take in-game material out of the game and trade on third-party marketplaces like OpenSea. The freedom to set prices and to easily trade unlocked a veritable tsunami of economic activity in and outside of the game. The 30-page report from Cointelegraph Research analyzes the top five titles and what changed since…

Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble – Bitcoin News

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A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions “investors should be skeptical.” Weiss Ratings Editor Doesn’t Believe Crypto and Mortgages Mix According to the editor at Weiss Ratings, Jon D. Markman, lenders who allow people to use crypto to back a mortgage might be adding more risk to current market conditions. Markman uses the firm Milo as an…

EU Commission report suggests rethink of regulatory approach to DeFi

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Analysts from the European Commission showed an unexpected understanding of how decentralized finances (DeFi) actually function, having defined it as something different from the traditional financial system and acknowledged that it would require rethinking the approach to regulation.  On Monday, May 2, a crypto venture advisor at Presight Capital and a long-term expert on European regulation, Patrick Hansen shared some important details from the EU Commission’s “European Financial Stability and Integration Review 2022”. A report, dated April 7, contains a 12-page chapter on DeFi, in which the authors demonstrate a…