Markets

The American YouTuber, actor, and social media personality – Logan Paul – sits on a $623,000 unrealized loss due to his investment in a non-fungible token (NFT), part of the Azuki collection. His interaction with cryptocurrencies is not successful, too. Due to the market crash, the valuation of his holdings has shrunk by over $500,000. Logan Paul’s Crucial Paper Losses Similar to many other individuals, the popular YouTuber hopped on the crypto bandwagon last spring when the...

LCX Relaunches Regulated Cryptocurrency Exchange LCX, Liechtenstein’s leading blockchain company, has relaunched its crypto currency exchange – the regulated cryptocurrency trading experience to buy, sell and store a variety of digital assets. Originally launched in 2018, the LCX Exchange Revamp is another milestones in LCX’s growth roadmap establishing the foundational framework including its new backbone infrastructure, scalable account wallets...

The crypto market continues to go through a phase of uncertainty and low volatility alongside steady price action. Currently, Bitcoin is trapped in a range, and the direction it takes to break away from it would determine the cryptocurrency’s mid-term direction. Technical Analysis By Shayan The Daily Chart Despite the descending multi-month trendline acting as significant resistance, the price has broken through and formed a pullback. However, at this moment, the bullish...

[PRESS RELEASE – Please Read Disclaimer] CoinCRED, the Indian crypto exchange, has announced that it has entered the UAE crypto market. The official at CoinCRED stated that they got a remarkable response from the Indian market. They are growing at a good pace in the market and claim to be global. The officials of CoinCRED claim the exchange is achieving the set mission goals as per the company’s roadmap. According to the reports, it has shown an average growth rate of 19.4%...

Ryan Salame is a 29-year-old libertarian-leaning republican who also works heavily in cryptocurrency. He runs FTX Digital Markets in the Bahamas where he presently lives, and he just shelled out more than $13 million of his own money to support a bunch of GOP candidates in the present midterm primaries. Ryan Salame Believes in the Republican Party The ironic thing about this situation is that recently Sam Bankman-Fried – who also is tasked with running FTX divisions –...

Automation is the king of the contemporary crypto market that operates around the clock and does not tolerate hesitation and doubt. Just a decade ago, the vast majority of market operations were conducted by human traders with robots being used only occasionally. Today, you cannot use strategies designed for intraday trading and scalping without employing a powerful automated trading platform that performs reliably. Due to skyrocketing demand, the market became...

Stellar lumen price started a fresh increase above the $0.1200 resistance zone against the US Dollar. XLM price is now trading above $0.1200 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.1240 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.1240 and $0.1200 support levels. Stellar lumen price is trading above $0.1200 against the US Dollar, similar to bitcoin....

Company founders Ola Muse and Karthik Kalyanaraman left Coinbase in August. It only took them two months to raise and close the seed round, which was led by Redpoint Ventures with participation from Mysten Labs and Howard University. Their firm, Scale3, is an infrastructure startup that focuses on supporting blockchain node operators. Node operation is a complex process that needs highly technical support and rapid response when problems arise. As the Web 3 infrastructure...

Despite starting on a promising note, the global macroeconomic environment influenced and adversely impacted the crypto market, which sustained several damaging corrections. The same could be said for the NFT market. However, new data suggest that the NFT business continues to be in great demand. High Demand for NFTs In Q3, the NFT trading volume climbed to $2.71 billion and was down by 67% from the previous quarter. But there has been an 8.3% increase in the sales count from...

Brian Roberts, who joined OpenSea after working at Lyft, Walmart, and Microsoft, said he is leaving the company just ten months after joining it. This is the latest example of cryptocurrency executives stepping down amid the ongoing bear market. OpenSea CFO Joins the Departure List As last year’s bull market was raging on and NFTs had taken the main stage, OpenSea became the go-to place for everyone who wanted to get involved with these types of digital assets. Consequently,...