Bitcoin Supply on Exchanges Hit Lowest Point Since 2017: What’s Going On?
• Bitcoin supply on exchanges is at its lowest since 2017 bull market peak. • This has been happening consistently since March 2020, when crypto bottomed ahead of the pandemic rally. • Bitcoins leaving exchanges in recent months may be due to security and transparency concerns raised by the FTX collapse. Bitcoin Supply At Lowest…
YGG Raises $13.8M in Token Sale Round Led by A16Z Crypto
• YGG raised $13.8 million in a token sale round led by A16Z Crypto and DWF Labs. • The funds would be used to accelerate the development of its soulbound reputation token (SBT). • SBT tokens will reward creators for completing selected tasks or quests within the YGG ecosystem. YGG Raises $13.8 Million Yield Guild…
Bitcoin Volatility Soaring: Is it Time to Rethink Your Strategy?
Summary • Bitcoin’s average volatility vs USD on a weekly basis was 26X greater than the euro last year, up from 19X in 2021 and 16X in 2020. • The data shows that Bitcoin’s volatility fell until 2015, but it has not improved since then. • When comparing the asset’s returns to the Nasdaq and…
Marathon Digital Sets Record BTC Production in January
• Marathon Digital Holdings Inc sold 1,500 bitcoin last month while mining a record 687 BTC. • Wall Street has an average price target of a little under $12 for shares of Marathon stock. • The company plans to continue selling bitcoin in order to cover operational costs. Marathon Digital Produces Record Number of Bitcoin…
Crypto Investment Booms: $117 Million Inflows Push AUM to $2.8 Billion
• Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022. • Bitcoin accounted for nearly $116 million of the total digital assets products inflows. • Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November. Cryptocurrency investment products saw a massive…
Crypto Investment Booms: $117 Million Inflows Push AUM to $2.8 Billion
• Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022. • Bitcoin accounted for nearly $116 million of the total digital assets products inflows. • Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November. Cryptocurrency investment products saw a massive…
Invest in MCADE: Avoid the Pitfalls of the Crypto Crash of 2022
• The great cryptocurrency crash of 2022 has taken its toll on the market, with Bitcoin (BTC) losing over 75% of its value and many altcoins falling 90% since their all-time highs in 2021. • The collapse of FTX, the second-biggest centralized exchange (CEX), was caused in part by treasury mismanagement and embezzlement of user…
Polkadot Merges XCM to Connect Different Consensus Systems
• XCM version 3 is now deployed, which was 15 months in development. • XCM works across chains, smart contracts and non-fungible tokens (NFTs) and supports communication between networks with different consensus mechanisms. • XCM design offers instructions on how to compose, send, and interpret messages across chains. On Tuesday, 17 January 2023, the Polkadot…
GALA Crypto Price Surges 250%: Mobile Gaming, The Rock Deal and Meow NFT Match Drive Gains
• GALA crypto price has surged by over 250% from the lowest point in December. • The surge is attributed to the announcement of a deal with The Rock to produce two films, the introduction of mobile gaming and the new pay by burn approach. • The developers are working on the Meow NFT Match.…
Crypto Prices Soar as FTX Bankruptcy, Inflation Data Boosts AGIX, Aptos, and MULTI
• Cryptocurrencies had a strong week as investors reacted to the FTX bankruptcy proceedings and the latest American inflation data. • This crypto price prediction will look at what to expect with AGIX, Aptos, and MULTI. • AGIX is the native token for SingularityNet, a relatively small but fast-growing AI platform built on Cardano. The…