Markets

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,...

Although the trading volumes yesterday were quite low, similar to previous weekends, bitcoin still took a minor hit and fell to a weekly low. Most altcoins are also slightly in the red on a daily scale. QNT is among the very few exceptions, being up by double digits. Bitcoin Dipped Towards $19K The primary cryptocurrency was flying higher earlier this week when it pumped to $20,500 – the highest price tag it had seen in about three weeks. However, the US job reports changed...

When stablecoins are sent to exchanges in large quantities, it is usually a signal that institutions are preparing to buy. It has not happened yet, as stablecoins such as USDC have been leaving exchanges as the bear market deepens. On Oct. 8, CryptoQuant CEO Ki Young Ju observed that 94% of the USDC supply is off exchanges, and a large portion of it is held by traditional finance institutions. “The next Bitcoin parabolic bull run might begin when massive USDC flows into...

The US-based cryptocurrency exchange – Coinbase – announced it will strengthen its presence in Australia, allowing locals an “easier and safer” option to enter the digital asset industry. The company described “The Land Down Under” as a “hotbed of fintech innovation.” More Crypto Options for Aussies In a recent announcement, Nana Murugesan – Managing Director at Coinbase – claimed that Australians are among the early adopters of digital assets and “savvy investors.” As such,...

Bitcoin – despite its present price dilemma – has done quite well for itself. As a currency that’s only 13 years of age, the asset has moved along at a steady pace and has ultimately paved the way for all kinds of new and innovative financial structures and ideals such as digital payments and speculative investing. However, not everyone is a fan, and Nassim Taleb – the author of the acclaimed book “Black Swan,” has always had nasty things to say about the world’s number...