Markets

For anyone who managed to jump on the NFT bandwagon before it turned into a rocketship to the moon, it’s been quite a ride. Prices for the earliest, most well-known collections have exploded, making a lot of early adopters insane amounts of money and many new millionaires. However, for anyone just now getting into the NFT space, the ride is getting quite a bit bumpier, and moonshots are not as easy to come by. Keep in mind that every popular cultural phenomenon has cycles....

Bitcoin’s price took a nosedive on Thursday after stocks retraced gains made following yesterday’s Federal Open Markets Committee Meeting (FOMC). It fell to $36,520 – the cryptocurrency’s lowest price since Russia invaded Ukraine.  At FOMC on Wednesday, Federal Reserve Chairman Jerome Powell announced the first 0.5% interest rate hike since May of 2000. He set future expectations for further 50 basis point hikes later this year.  However, he also claimed that 75 basis point...

Renowned American rapper and actor – O’Shea Jackson Sr. (better known as Ice Cube) – asserted that he is a supporter of the first-ever memecoin Dogecoin. Thus, he put his name next to the likes of Elon Musk, Roger Ver, Snoop Dogg, Gene Simmons, and more. Ice Cube Among the DOGE Proponents Despite being created as a joke in 2013, Dogecoin emerged as a leading digital asset with a market capitalization of over $17 billion. The token also attracted numerous celebrities who...

Created by the leading US-based cryptocurrency exchange, Coinbase Wallet is quickly becoming a preferred self-custody wallet among users. It offers a very familiar user experience to existing solutions, which makes the overall transition seamless for those who’ve already worked with a self-custody wallet. Moreover, it carries the reputation and confidence instilled by the Coinbase brand. Coinbase Wallet was launched in 2018 and has managed to become one of the best...

After becoming the hottest trend in fintech and crypto over the past few months, the NFT space transitioned to a cooldown phase. But this trend appears to be changing as well as the latest edition of the Dapp Industry Report by Dapp Radar suggested that the market is coming back to life. Moonbirds, Otherdeed NFT Collections, Smash Records According to the report shared with CryptoPotato, it was the launch of two of the most anticipated collections ever has revived the sector...

EOS price started a fresh increase from the $1.920 low against the US Dollar. The price is now trading above $2.10 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $2.10 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could extend its increase if it clears the $2.30 resistance zone in the near term. EOS price is gaining pace above $2.10 against the US Dollar, similar to...

Litecoin started a fresh increase from the $94 low against the US Dollar. LTC price is now trading above $100 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $100 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could accelerate higher above the $107 and $110 resistance levels. Litecoin price is gaining pace above $100 against the US Dollar, similar to bitcoin. LTC price could...

The leading private bank in Liechtenstein – LGT Bank – partnered with SEBA Bank to offer direct investments in digital assets for its customers. The cryptocurrencies included in the initiative are the two largest by market capitalization – bitcoin (BTC) and ether (ETH). LGT Enters the Crypto Ecosystem The financial institution noted that the demand for digital assets has risen “sharply” in recent years. To cope with the growing interest, LGT allowed its clients to invest...

The Federal Reserve announced a 50 basis point interest rate hike during May’s Federal Open Markets Committee (FOMC) meeting. This is twice the size of the rate increase from last month, and the largest hike since May of 2000. Fed chairman Jerome Powell began his press conference following FOMC with a direct message to the American people:  “Inflation is much too high”. March’s annual CPI statistic clocked in at 8.5% last month, the highest official inflation level in over 40...

2TM Group, the holding company of Brazil’s first crypto brokerage Mercado Bitcoin, has ended its merger and acquisition talks with the leading US-based cryptocurrency exchange Coinbase, Bloomberg reported Wednesday, citing people familiar with the matter. Coinbase and 2TM End Buyout Talks According to the report, Coinbase intended to acquire a controlling interest or a minority share in 2TM. CryptoPotato reported in March that the buyout talks first started late last year and...