Inflation in Germany increased by 0.8% monthly in February to 8.7% on an annual basis. Food inflation has increased by 21.8% since February 2022, while energy prices have increased by 19.1% in the last year. Germany, which has the strongest economy in the Euro Zone, is going through an inflation process that it has […]
Brent oil, which closed February with a decline, started March on a positive note with Chinese data that surpassed expectations. Oil prices, which rallied in the first half of 2022 with the effect of war, have been losing value since June 2022. The first day of March started well with oil prices, which had […]
Global payments giant Visa denies the report served by Reuters that the company will halt its crypto plans Visa, in a statement, announced that it is determined to invest in the sector and support the technology despite the negativities in the crypto sector. In the news served by Reuters yesterday, it was reported […]
The only investors making money from buying Bitcoin are the whales and pro traders—and if you bought the cryptocurrency after 2015, you’ve probably lost money. That’s according to a new report from the Bank for International Settlements, which claims that more “sophisticated investors” in the crypto market have done well for themselves over the last seven years, but […]
Keep an Eye on These Coins Has the cryptocurrency market managed to pick itself up and prepare for a turnaround? That’s the question on the minds of everyone focused on crypto. With strong performance over the past week, it’s tempting for crypto investors to think this, but January teased a similar trend before […]
The new artificial-intelligence tools getting widespread attention for spitting out text, images and computer code are also generating something else: talk of the next technology bubble. Technologists broadly agree that the so-called generative AI that powers systems like ChatGPT has the potential to change how we live and work, despite the technology’s clear flaws. But some investors, chief […]
Times, they are a-changin’. The recent hype around Bitcoin NTFs, also called Ordinals, has driven a key thorn in the side of the maximalist community. Instead of laying down the rails for “thermodynamically sound money,” it’s being used for printing more jpegs. Bitcoin proponents are also concerned about the scarce amount of block space available, a […]
Bitcoin is a digital asset and payment system with a market capitalization of around $452.1 billion as of Feb 4, 2023.1 It is considered by many to be one of the most successful digital currencies ever created. The first-ever bitcoin exchange-traded fund (ETF) was launched in October 2021, pushing the cryptocurrency to new all-time highs.2 […]
The crypto market could be facing its “first real recession,” and milestones similar to the invention of Bitcoin (BTC) cannot be ruled out, a well-known Bloomberg strategist has predicted. Writing on Twitter this weekend, Bloomberg’s Senior Market Strategist Mike McGlone reminded his followers that the last major economic contraction in the US, the Global Financial Crisis of […]
Dogecoin (DOGE), the cryptocurrency that powers the Shiba Inu meme-inspired layer-1 Dogecoin blockchain, was last trading higher by about 1.5% this Tuesday just to the north of the $0.09 level. Dogecoin has now rallied just shy of 3% from Monday’s lows just under $0.09, with buyers seemingly having come in to support the token as it retested […]
The NFT market experienced a surge in January as economic tensions eased and well-known industry players released new collections. Statistics show that NFT sales shot up by 41.96% in January, reaching $997.53 million. Furthermore, the number of digital collectible transactions has also witnessed a surge, increasing over 22% compared to the previous month. Also […]
WeTransfer, the world’s leading file transfer service company, has joined forces with Minima to empower creators worldwide with Digital Rights Management for their intellectual property. This will occur through NFTs that users can generate directly from any device, including their phones. Thus, offering them complete control over how they share their creations and collect revenue. […]
The world’s largest asset manager, BlackRock BLK –1.82% disclosed a significant position in Silvergate Capital SI +2.18% the beaten-down banker to the cryptocurrency industry whose share price has been a high-profile casualty of the crypto meltdown. The disclosure may have caused a significant move in Silvergate stock Tuesday—one that doesn’t reflect the ordinariness of BlackRock’s filing. In a filing Tuesday with the Securities […]
Shiba inu has been relatively stable to start the week, as prices remained close to recent highs, despite Monday’s market sell-off. Cryptocurrencies were mostly lower in today’s session, as markets continued to react to historically low U.S. unemployment figures. Avalanche was down in today’s session, nearing a one-week low. Shiba Inu (SHIB) […]
The first-ever exchange-traded fund focused on NFTs and metaverse assets has announced closure as the crypto winter continues to claim more victims. The Defiance Digital Revolution ETF, which is listed on the NYSE under the ticker NFTZ, will close down by the end of February, according to a recent press release. The fund will begin […]
Satvik Sethi, the former Non-Fungible Token (NFT) Product Lead at Mastercard, has made a unique and fitting resignation announcement. On Thursday, Sethi surprised the NFT community by minting his resignation letter as an NFT, showcasing his expertise in the field and leaving a lasting impact. “I have resigned from Mastercard,” Sethi said to open his Twitter thread […]
Despite its ambitious plans to venture into the non-fungible token (NFT) market, German luxury car brand Porsche has managed to sell only about 25% of its first collection of 7,500 tokens. In just over 24 hours, some 1,909 of the NFTs had sold for ETH 0.911 per unit, or about $1,414 as of 2 p.m. UTC today. […]
The Chinese government has announced plans to launch its own version of a state-backed “non-fungible token (NFT)” marketplace. But Beijing won’t be using blockchain to power its platform. And it wants to do away with crypto as the marketplace’s currency – in favor of fiat. Last month, the Hangzhou Internet Court ruled that virtual items such […]
Non-fungible token (NFT) marketplace Magic Eden said that it would refund all users affected by an exploit that involved the sale of fake NFTs that were passed off as being part of verified collections. On the morning of January 4 (PT time), the marketplace team saw “a handful” of reports saying that users were being shown […]
Binance is launching Binance Tax, a new tool that enables users to easily access details of the tax associated with their crypto trading activity. Binance Tax allows users to download a report showing a tax summary from any gains or losses made with Binance. The software will pilot in France before expanding to other markets […]
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