The nascent world of decentralized finance (DeFi) has until now been avoided by institutional investors because of its perceived lack of security. Due to the nature of a decentralized system, the provision of custody has been difficult since coins can’t be safeguarded in a traditionally centralized manner. Now, Cactus Custody, a new custodial solution powered by Matrixport, has become the…
Read More
2021 has come to an end. One thing we have all come to experience from the crazy two years to pass is how quickly the economy was affected by the global pandemic. The only way it seems that money in people’s pockets can be held down, is by smart investments. Some who managed to do so within 2021, made some…
Read More
It’s not just the cryptocurrency market that’s crashing this month – traditional stock markets are doing just as badly. In fact, Bitcoin and its fellow cryptocurrencies are moving in closer correlation with traditional stocks than ever before. Over the past few weeks, Bitcoin’s 40-day correlation coefficient with the Nasdaq 100 has reached a factor of 0.66 – the closest correlation…
Read More
The cryptocurrency market did not start 2022 on a good note, losing almost a trillion dollars in value since late last year. Leading asset Bitcoin has been fortunate enough to endure only small losses, dropping by just 12% since the year began. Some other popular coins like Solana (SOL), Terra (LUNA), and Avalanche (AVAX), are down by as much as…
Read More
Positive sentiment dragged on throughout November following Bitcoin’s all-time high on the 9th, and continued into early December as enthusiasts clung tightly to the promise of $100k. Sadly, with Bitcoin losing $50k in early December and never fully recovering, that promise didn’t materialized. All the charts and analysis in the world couldn’t have predicted such an uncharacteristically weak close to…
Read More
Major social media platform Instagram, a subsidiary of Meta (nee Facebook) is the latest in a string of digital platforms exploring NFTs. As one of the largest image sharing applications in the world, it’s natural that Instagram would be the target of NFT speculation. The platform has grown from a fun photo app with retro-filters to a worldwide phenomenom on…
Read More
For novices in crypto betting, XRP which is popularly called Ripple is the native cryptocurrency developed by Ripple Labs. Like other cryptocurrencies, XRP is used for payment settlement, asset exchange and many other transactions. Due to the fast and cheap transactions the crypto coin provides, it has been outstanding amongst other coins as one of the widely used and accepted…
Read More
India is a country that has been battling with crypto regulations for several years now. Following the country’s demonetisation experiment in 2016, Indian residents turned to cryptocurrencies to avoid losing their savings. The tech-rich country has since dived head first into the world of blockchain and crypto, with several major digital currency exchanges popping up since 2017. In 2018, following…
Read More
A popular crypto analyst who goes by the Twitter handle Plan B (@100trillionUSD) has addressed the first failure of his controversial Stock-to-Flow (S2F) model. The model has so far performed with a high degree of accuracy, hitting every monthly target since its creation. However, ongoing negative price action throughout November has decimated Plan B’s $98k price prediction. Back in June,…
Read More
A new cryptocurrency is making headlines lately after taking over the much-loved memecoin Shiba Inu (SHIB). Avalanche (AVAX) catapulted into 11th place by market cap this weekend after a spectacular rally that saw it gain 36.6% since this time last Monday. The rally appears to have been prompted by the announcement of a partnership deal with Deloitte, one of the…
Read More
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.