About $133 million worth of Solana NFTs were traded as per DappRadar last month. September saw an 82% drop in trading volume in the NFT market. Total NFT sales volume was relatively unchanged in September following the continued bear market in cryptocurrencies. While NFT trading volume may be flat, the
October 4, 2022 1 min read
At its next meeting on November 4, the Fed will determine the next interest rate hike. Fed’s rate hikes this year will have a negative impact on developing nations. The United Nations has urged the Federal Reserve and other central banks to halt their interest rate hikes. To counteract growing
October 4, 2022 2 mins read
The financial world is buzzing about Credit Suisse. The recent increase in Credit Suisse’s credit default swap spread has garnered media attention. A credit default swap, or CDS, is a kind of derivative that enables one investor to hedge against another’s credit risk by exchanging their own credit risk for
October 3, 2022 2 mins read
Alex and his family still had $44 million worth of crypto assets locked with Celsius. The company filed for bankruptcy and halted withdrawals from users. Around June, the cryptocurrency lending platform Celsius blocked all withdrawal requests from its users. The next month, with a $1.2 billion hole in its finances,
October 3, 2022 1 min read
There are $535 million in $BTC, $ETH, $VET, and stablecoins in VeChain’s vaults. VeChain has expanded its network to include UCO Network and TruTrace. The second quarter financial report for 2022 has been released by the VeChain Foundation. There are a total of $535 million in $BTC, $ETH, $VET, and
October 2, 2022 1 min read
The law by the country’s primary crypto regulating authority is now in effect. The lowest cost, $135, will go to the custodial service providers. Uzbekistan authorities recently passed a bill mandating cryptocurrency corporations pay into a separate fund. The law, proposed by the country’s primary crypto regulating authority, is now
October 2, 2022 2 mins read
The exchange-traded fund’s (ETF) fees and ticker are currently unknown. BlackRock’s cryptocurrency ETF officially debuted in Europe earlier this week. With the release of the Metaverse ETF, the biggest issuer of ETFs in the world, BlackRock, is placing a significant wager on the cryptocurrency market. According to a regulatory filing
September 30, 2022 1 min read
Telefonica also announced that it will be working with Qualcomm. The telecom giant formed a partnership with Polygon earlier this year. Organizations all around the globe have begun supporting cryptocurrency payments at a steady pace as crypto acceptance grows. Telefónica, the largest telecom provider in Spain, reportedly now accepts Bitcoin
September 30, 2022 2 mins read
TBD will enable USDC stablecoin cross-border payments and self-custody. The firm will support the USDC stablecoin for a number of use cases. Jack Dorsey’s payment company Block’s subsidiary TBD has teamed with Circle. In order to develop open standards and open-source technology. This will facilitate the widespread use of digital
September 29, 2022 2 mins read
NFT hoarder “seedphrase” sold the CryptoPunk NFT. To date, punk #5822 has fetched the highest price for a CryptoPunk. A million dollars was a common price tag for NFTs during the recent craze. It seemed that the brakes had been put to the market, since recent circumstances had remained turbulent.
September 29, 2022 1 min read
