Close to half of the surveyed non-fungible token (NFT) owners actively trade NFTs to earn profits, while the other half of holders mainly bought their NFTs either “to collect” or “for their utility,” according to a survey conducted by coin tracking site CoinGecko on Twitter. The so-called NFT flippers, who – like traders – aim […]
Total value locked (TVL) in decentralized finance (DeFi) platforms built on Layer-2 networks for Ethereum (ETH) rose by a massive 964% in the first quarter compared to the same quarter last year; even as average transaction fees on Ethereum’s base layer fell by 80%. The data about the surprising growth in TVL on Layer-2 platforms […]
How do you know that today’s most successful NFT blockchain will still be on top three months from now? You don’t – and part of that uncertainty has to do with how “successful” is defined. In the infancy of the non-fungible token (NFT) space, maybe it was appropriate to obsess over sales volume. While that […]
The price of bitcoin (BTC) will hit a peak of USD 81,680 this year; before falling back to USD 65,185 by the end of the year; argued a panel of members from the fintech and crypto industry surveyed by comparison website Finder.com. The peak of over USD 80,000 was described as “significantly higher” than the […]
A local representative for the major crypto exchange has reportedly met with Russia’s financial intelligence unit, Rosfin; with officials asking the exchange to hand over client data to “help them fight crime.” Permission to hand over data was granted by a regional head of the exchange, Reuters reported today. At the meeting, which took place […]
New Delhi: Crypto asset management platform, Mudrex, has registered a 2,400 per cent increase in its user base for the first quarter of 2022, making it the largest crypto index investing platform. Indian users contributed the most to this growth with a contribution of more than 80 per cent. Founded in 2018, Mudrex curates investment […]
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day Market Buzz: Bitcoin trading above Rs 32.82 lakh Cryptocurrencies traded in the green early on April 20. The total crypto market volume over the last 24 hours is $79.78 billion, which makes a 17.10 percent […]
Executives at nonfungible token service provider Finch are planning to open an office in Miami, while many employees of blockchain firm NEAR have gathered in Lisbon. Many Ukraine-based businesses have had to shutter or suspend operations following the outbreak of the conflict with Russia on Feb. 24, but some in the cryptocurrency space have been […]
Russia’s Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally. On April 20, local newspaper Izvestia reported that the FTS left its official feedback on the draft of the crypto bill […]
Digital assets platform Nexo has inked a deal with Mastercard and DiPocket to launch crypto cards that will allow its customers in Europe to spend digital currencies without touching their funds. Spending Crypto Without Depleting One’s Digital Asset’s Reserve This is going to be made possible with the Nexo crypto card, as users will gain […]