Larry Summers, the “American economist who served as the 71st United States secretary of the treasury from 1999 to 2001,” says that the high-profile collapse of crypto exchange FTX is comparable to the Enron scandal of the early 2000’s. Speaking in an interview with Bloomberg, Summers argued that while many were...
Grayscale Investments (“Grayscale”), a subsidiary of Digital Currency Group (“DCG”), says that “custody of the digital assets underlying Grayscale’s digital asset products is unaffected,” but it is not willing to disclose wallet addresses or provide on-chain Proof of Reserves (PoR). Here is how Coin Metrics Co-Founder Nic Carter, who...
Osmosis outperforms other DEXes in terms of development activity Despite this, Cosmos’ TVL continues to decline, along with its trading volume Osmosis, a DeFi project on the Cosmos blockchain, could be imperative for the latter’s growth in the DeFi space. This was because Osmosis managed to take a lead among DeFi protocols, such as MakerDAO and Lido in terms of development activity over the last few days. Read Cosmos’ [ATOM] price prediction 2022-2023 As can be seen from the image below, Osmosis’ GitHub...
The small Polynesian island country of Tuvalu has announced it will leverage the use of the metaverse to recreate a digital version of itself in response to rising sea levels. According to a report by Reuters, Tuvalu has announced that it will digitally replicate its islands and landmarks...
Chainlink clinched an all-time high in the count of its daily social contributors. Its price continues to decline, and its outlook in the short term remains bearish Recent data from cryptocurrency social analytics platform LunarCrush revealed that LINK, Chainlink’s native token, clinched an all-time high of 35,540 in its number of daily social contributors. Read Chainlink’s [LINK] price prediction 2023-2024 The rally in social activity came after the leading oracle network
Former U.S. President Donald Trump has been unbanned on Twitter following a poll conducted by new chairman Elon Musk. Over the weekend, Elon Musk conducted a Twitter poll to bring President Trump back. Nearly 15 million people voted with 51.8% saying yes they want to see the former President back on Twitter. The Twitter team has reinstated the @realdonaldtrump account after nearly 22 months of ban on the platform. So far, the former U.S. President hasn’t tweeted through his account...
Cardano launches new product called midnight Weighted sentiment for Cardano continues to rise along with interest in its NFTs Cardano had a lot going on irrespective of the ongoing FUD in the crypto market. The platform’s team continued building despite the market condition and launched a new confidentiality blockchain. The same was announced by Charles Hoskinson via Twitter. Hello Midnight welcome to Cardano — Charles Hoskinson (@IOHK_Charles) November 18, 2022 Read Cardano’s [ADA] Price Prediction 2022-2023
There have been a number of articles published asking the same question: “Is the FTX Crash The End Of Crypto?”. Well, the short answer is – No. Did Lehman Brothers’ bankruptcy and subprime mortgage crisis in 2007–08 spell an end for the stock market? No, it didn’t. Was it bad? Of course. Was it a setback for the stock market? Definitely yes! Is the FTX crash a major setback that has pushed the crypto market into the dead of winter? Unfortunately,...
One of the most popular sporting events, the FIFA world cup, will be held in Qatar from 20th November to 18th December. Before the matches even began, some of the top team’s Fan tokens witnessed significant growth reflecting the impact of football fans during such events. Fan tokens are cryptocurrencies created to give fandoms of sports teams, bands, and other organizations a better experience with membership perks like voting rights on certain decisions, a variety of rewards, merchandise and...
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