Crypto users spent $2.7B minting NFTs in first half of 2022: Report
Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong.
Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong.
How do you keep track of your portfolio stats? I currently have a wallet holding all of my crypto, and I was wondering what the cost basis for each of my crypto is or how much of an actual net profit or loss that I’ve made from each investment. I’ve used different exchanges and all…
Read more
Strong sales are projected to continue well into this year, as 94% of past NFT buyers, as well as 42% of those who haven't yet purchased one, indicate they are somewhat or very interested in purchasing an NFT in the next 12 months. Enthusiasm in the hype surrounding NFTs shows no signs of abating. People…
Read more
On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time. Nomad Cross-Chain Bridge Exploited for $190 Million Cross-chain bridges in […]
High correlation to stock markets and recession risks limit optimism on the part of BTC investors.
What nodes comprise the Algorand network? The Algorand network is comprised of two distinct types of nodes, relay nodes, and non-relay nodes. Relay nodes are primarily used for communication routing to a set of connected non-relay nodes. Relay nodes communicate with other relay nodes and route blocks to all connected non-relay nodes. Non-relay nodes(participation) only…
Read more
Ripple (XRP) is in bearish mode and was down 1.93% as seen overnight. Moreover, Ripple has recently freed up over 1 billion XRP tokens coming from two separate escrow wallets. Currently, the crypto trades at $0.38 on the biggest spot exchanges. Ripple has evidently locked over 55% of XRP’s total supply in escrows way back 2017. Analysts believe that its bearish sentiment or weakness is relevant to Bitcoin’s failure to surpass the $24,000 mark as opposed to the controversial unclasping of new tokens that happened recently. In effect, Ripple is trying to restore most of the tokens that they’re sending to escrow. Additionally, unlocking of the new tokens happen every first day of the month and has no effect whatsoever on XRP price. In spite of the misunderstanding, most of these tokens won’t necessarily swamp crypto exchanges. Ripple Sold Over $408 Million Of XRP In Q2 To date, Ripple has sold roughly $408 million of XRP in Q2. The recent success or increase in sales is attributed mainly to On-Demand Liquidity Service picking up steam. Jed McCalbe, Co-Founder of Ripple, has sold the rest of his XRP tokens the previous month which means his letting go of XRP and won’t be able to support or add to Ripple’s selling momentum. According to CoinMarketCap, as of press time, XRP’s total circulating supply is at 48.3 billion tokens. On July 30, XRP price has skyrocketed by 13% on July 30 and held on to the liquidity that snuggled right above the highs spotted at $0.387. The recent upturn was exceptional but fell short in terms of momentum. In effect, XRP price ducked and splitting gains. Further Downtrend Looms For XRP The four-hour candlestick was seen to close just below the support zone of $0.381 which indicates further downturn. In any case, investors should foresee XRP price to reopen at the support level of $0.340. On the flip side, if XRP price can stay afloat or above $0.381, then that validates this position as a support level. Further, this also rescinds the bearish perspective. When this happens, the XRP price can potentially pave the way to revisit the resistance zone spotted at $0.439. On June 22, Ripple Labs announced the launch of their new office in Toronto, Canada plus plans on hiring initially around 50 engineers with plans to hire 100 to 200 staff down the line. Brad Garlinghouse, Ripple Labs CEO, was ecstatic as seen in the video posted on Ripple’s Twitter page, describing Toronta as a hub for “excellent engineering talent.” XRP total market cap at $17.7 billion on the weekly chart | Source: TradingView.com Featured image from Ripple Coin News, chart from TradingView.com
Been seeing a few popular post and comment asking how much you would need to invest in to get 1 million dollars USD if the coin ever reaches ATH again. Here I calculated how much you would need to invest into a coin to net 1 million. Its just for fun and don't take it…
Read more
Blockchain.com, the provider of crypto solutions for traders, funds, allocators, VCs, and crypto operators, announced today that it has secured registration in the Cayman Islands. The company can now provide regulated custodial services, operate an exchange, and offer OTC crypto brokerage services for institutional clients under the Cayman Islands Monetary Authority (CIMA). This registration is…
Read more
So as I am not too savvy I was wondering if there's any kind of backup plan for the upcoming merge, just for the case if the unimaginable happens like a malfunction or huge exploit or something else bad, no one could've thought of … Would a rollback be the only viable option? (Btw I…
Read more