JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a “natural evolution of today’s monetary and payment systems.” This and more on inflation and the U.S. Federal Reserve’s next moves, … [Read more...]
This Week XRP Whales Moved Millions of Tokens to Exchanges and Unknown Wallets
During the past 30 days, the crypto asset xrp has gained more than 17% in value against the U.S. dollar. Meanwhile, the crypto community has been noticing significant xrp whale movements during the past week as one whale moved 143,000,000 xrp worth more than $ 55 million on Dec. 9, and another whale moved 40,000,000 xrp worth more than $ 15 million from the exchange Bitso to … [Read more...]
Bankman-Fried’s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Sleeping Bitcoins Wake Up — Week in Review
With the colossal collapse of crypto exchange FTX in recent weeks, excitement in the world of cryptocurrency and finance has been in no short supply. Former FTX CEO Sam Bankman-Fried’s private jet was reportedly spotted heading to Argentina, Kraken’s CEO has addressed the fallout of the Alameda/FTX saga, saying that “The damage here is huge,” and many, many more stories … [Read more...]
The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review
As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried has addressed the issue publicly on social media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News has also provided an in-depth look at the rise and fall of the toppled … [Read more...]
While Overall NFT Transactions and Buyers Are Down, NFT Sales Jumped 2% Higher Than Last Week
During the last week, non-fungible token (NFT) sales volume has managed to climb 1.9% higher than the week prior with $ 85 million in NFT sales in seven days. However, the number of NFT buyers slid by 12.63%, and the number of NFT transactions is down 19.19% on October 23, 2022. NFT Sales Record a Slight Increase, Number of NFT Transactions Slides 19% Lower While NFT sales are … [Read more...]
Ruble Surges Against Greenback, Ethiopian Birr Exchange Rate Gap Widens; Kiyosaki: The ‘End Is Here’ for Fake Money — Week in Review
Rumors of expanding war, massive inflation destroying people’s purchasing power, and widespread volatility in the world of fiat currencies shaped the news this past week, with similarly dynamic developments in the world of cryptocurrency. Rich Dad Poor Dad author Robert Kiyosaki says the “end is here” for fake money. This and more just below in the latest Bitcoin.com News Week … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Week of Intense Volatility
Following what has been a turbulent week of trading, bitcoin prices consolidated to start the weekend. The token rose marginally above the $ 19,000 level on Saturday, hovering near a three-month low in recent days. Ethereum was also consolidating in today’s session, as prices moved back above $ 1,300. Bitcoin Bitcoin (BTC) rose marginally above $ 19,000 on Saturday, as … [Read more...]
Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps $0.91 Low This Week
Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $ 0.994 per unit, and ever since then, USDN has not been able to rise above the $ 0.97 per unit range. The dollar-pegged asset is associated with the Waves blockchain protocol, and recently the Neutrino Protocol decided to add a token called SURF to USDN’s reserve basket in order to “improve the … [Read more...]
This Week’s NFT Sales Jump 26% Higher Than the Week Prior, Bored Ape #6,588 Sells for $1.17M
Non-fungible token (NFT) sales jumped 26.76% higher this week, as NFT sales statistics show that $ 180.43 million in NFT trades were recorded this week compared to last week’s $ 142.33 million. While Ethereum-based NFTs captured the lion’s share of volume this week with $ 79.2 million, Ethereum-based NFT sales are down 23.65% during the past seven days. NFT Sales Volume … [Read more...]
‘No Middle Class Left,’ ‘Millions Will Be Wiped Out’ — Two Market Crash Predictions, Gas Cartels, and Whales Moving Mt Gox Coins: Bitcoin.com News Week in Review
In this week’s Bitcoin.com News Week in Review, one market strategist issues a dire warning about the U.S. economy and a large market crash that could cause a “50 to 60 percent haircut” in stocks. Further, the Russian government is reportedly making moves to create a global gas cartel with Iran. These stories, as well as the latest Robert Kiyosaki market predictions, and news … [Read more...]
The Top Privacy Coins Saw Fewer Percentage Losses Than Most Tokens This Week
The privacy coins monero and zcash managed to see fewer percentage losses against the U.S. dollar this week, in contrast to crypto assets like bitcoin, ethereum, and solana. Seven-day statistics indicate zcash has lost 5.6% against the USD, while monero dropped by 6.1%. Privacy Coins Manage to Stave off Some of This Week’s Market Carnage, but Are Still Down 62% Lower Than 9 … [Read more...]
NFT Sales Stave off Crypto Market Downturn This Week With a Slight Uptick in Volume
Non-fungible token (NFT) sales have managed to stay consistent this week while the crypto economy saw more losses over the last seven days. The week prior, $ 152.9 million in NFT sales were recorded across 18 blockchains and during the past week, $ 154.3 million in sales were executed. While Ethereum saw the most NFT sales this week, the chain saw a 9.23% decline in … [Read more...]
Biggest Movers: MKR up 20% to Start the Week, Whilst AVAX Rebound Continues
MKR was up by nearly 20% to start the week, as prices continued to move away from recent lows. AVAX was also in the green, as it climbed by over 10% on Monday, after hitting a ten-month low during the weekend. Maker (MKR) MKR was a notable mover to start the week, as prices climbed nearly 20% on Monday, following recent declines. Following an intraday bottom of $ 789.20 on … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC Surges Above $30,000 to Start the Week
Following a weekend which saw bitcoin trading mainly in the red, prices rebounded to start the week. BTC was once again above $ 30,000 on Monday, while ETH climbed by over 5%. Bitcoin The world’s largest cryptocurrency was trading higher on Monday, as prices once again rose above the $ 30,000 level. Following a low of $ 29,574.45 on Sunday, BTC/USD rallied to a peak of $ … [Read more...]
Biggest Movers: WAVES up Over 120% in the Last Week, XLM Moves Towards 3-Week High
WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday. WAVES While crypto markets have been either falling or consolidating over the past week, WAVES has continued to surge, climbing by over 120% in that time. On Friday, prices rose … [Read more...]
