Once the COIN price dropped below $58 on Friday, investment management company Ark Invest, run by Cathie Wood, made a significant acquisition of Coinbase shares. As U.S. Core PCE inflation for January came in at 0.6%, above market predictions of 0.4%, the price of Coinbase, which is listed on the
February 25, 2023 1 min read
As a technical glitch slowed users’ ability to trade cryptocurrencies, move assets, or do anything on the Solana network’s blockchain early Saturday. Infrastructure providers scrambled to fix the problem. According to Solana’s Discord channel, the blockchain began “forking” at about 00:53 New York time. After that, the RAM of validators
February 25, 2023 2 mins read
The biggest cryptocurrency exchange in India, WazirX, has discontinued its NFT marketplace, WazirX NFT. WazirX NFT has “sunsetted,” according to the website, although clients may still trade on OpenSea. All NFTs purchased on the WazirX exchange may now be traded on OpenSea. WazirX issued a statement expressing regret over the
February 22, 2023 1 min read
According to Agustin Carstens, the head of the Bank of International Settlements, there is no longer a compelling case for the adoption of digital currency as a replacement for fiat currency. Technology, Carstens claimed in an interview with Bloomberg TV, could not be relied upon as a reliable means of
February 22, 2023 1 min read
The “VeWorld” native self-custody wallet for VeChain, an enterprise-focused blockchain platform, has been released. The VeChain Foundation has a lot of exciting things planned for this year. Including the introduction of a wallet that will provide users with a broad variety of advantages. A tweet from the Foundation’s account today
February 21, 2023 2 mins read
Ankr, a supplier of decentralized blockchain infrastructure, and Microsoft have collaborated to provide a new kind of node hosting service via the Microsoft Azure Marketplace. As part of the collaboration, both businesses’ technologies will be integrated, with Microsoft’s cloud services joining Ankr’s blockchain infrastructure. Developers working on Web3 projects will
February 21, 2023 1 min read
Mykhailo Fedorov, the minister in charge of Ukraine’s digital transformation, said in an interview that he plans to speed up the process of creating the country’s electronic hryvnia (e-hryvnia). When the pilot phase was first proposed, it was set to begin in 2024, but the government has decided to move
February 19, 2023 1 min read
According to a report released by JPMorgan on Friday, analysts have reduced their price objective for Coinbase (COIN) shares from $60 to $52. JPMorgan said that the key reasons for the change in view include the continuous regulatory concerns to the company’s digital-focused businesses such as staking, USDC stablecoin, and
February 19, 2023 1 min read
After his takeover of the social media company Twitter last year, Elon Musk implemented many of the promised reforms. Even Twitter’s CEO, Elon Musk, has already said that individuals would have the option to monetize their tweets. At that time, Dogecoin saw a spectacular surge in value. On Saturday, one
February 18, 2023 1 min read
Some prominent entrepreneurs, including Tesla’s CEO Elon Musk and Ark Invest’s CEO Cathie Wood, have criticized the U.S. Federal Reserve for its ongoing rate rises, which they say have hampered market conditions and increased the likelihood of a recession. The global markets have become more optimistic as a result of
February 18, 2023 1 min read
