Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession

By | June 22, 2022

Tesla and Spacex CEO Elon Musk has shared his views on a variety of topics, including crypto investing, why he supports the meme cryptocurrency dogecoin, “unresolved matters” in his Twitter takeover bid, and the likelihood of a near-term U.S. recession. Elon Musk on Crypto Investing Tesla CEO Elon Musk shared his thoughts on a wide… Read More »

Prospects Don’t Look so Hot for Sam Bankman-Fried’s Invitation-Only Crypto Bahamas Event

By | November 25, 2022

Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for April 2023 was supposed to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed… Read More »

Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020

By | November 21, 2022

The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday, dropping below the $1,100 range. Crypto… Read More »

Biggest Movers: XMR, LEO Move Towards 1-Week Highs on Thursday

By | November 17, 2022

Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX collapse. Monero also rallied, climbing above the $130 level. Monero (XMR ) Monero (XMR ) was closing in… Read More »

Biggest Movers: UNI Hits 1-Week High, XRP 10% Higher

By | November 15, 2022

Uniswap rose to a one-week high in today’s session, as crypto markets seemed to have settled following recent turbulence. The last seven days were filled with increased levels of fear, uncertainty, and doubt in the marketplace, as participants moved to shelter following the FTX collapse. Xrp was another notable mover, climbing by over 10% on… Read More »

FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags

By | November 13, 2022

Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on the backing of the now-bankrupt FTX and Alameda Research, the token is still trading for… Read More »

Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down

By | November 11, 2022

The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Chapter 11 bankruptcy protection in Delaware. FTX’s Parent Company, Alameda Research, and 130 Associated Firms Voluntarily Commence Bankruptcy Proceedings After days of confusion and speculation, the… Read More »

Biggest Movers: FTT Fire Sale Sends Token Over 70% Lower, SOL Also Falls Significantly

By | November 9, 2022

FTX Token plunged by over 70% in today’s session, as sentiment surrounding Binance’s potential buyout of FTX continued to raise market eyebrows. Following speculation that FTX could be insolvent, Binance’s Changpeng “CZ” Zhao moved to acquire the firm, pending due diligence. Solana is also significantly lower, due to FTX’s sister company Alameda currently holding large… Read More »

Bitcoin’s Mining Difficulty Shrinks for the First Time in 4 Weeks

By | November 7, 2022

Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion. Bitcoin Miners Catch a Miniscule Break as the Network’s… Read More »

Silver Rallies 7% Rising Past $20 per Ounce, US Mint Says Fabricators Are ‘Struggling to Keep up With Demand’

By | November 5, 2022

On Friday, as the global cryptocurrency market cap jumped 5.4% higher against the greenback, U.S. stocks rallied toward the end of the day with the top four major stock indexes gathering gains. Precious metals also soared as the New York spot price of gold per troy ounce increased by 3.20%, and silver’s price value skyrocketed… Read More »