Markets

Besides the token burn, Gate.io has undertaken the initiative to buy back GT tokens from the secondary market.In a bid to raise the value of the GateToken coin, the Gate.io platform burned GT tokens worth $40 million in the first quarter. By reducing the coins in circulating supply and developing the market to increase the demand, Gate.io expects the GT token value to rally further amid the ongoing bull market and in the future.“According to Block.info, Gate.io burned 10237374.905268 GT in Q1...

This week was particularly eventful in the cryptocurrency market. Without a doubt, the highlight of it was the direct listing of Coinbase shares on Nasdaq. This is the first major cryptocurrency exchange to go public, and it did so in style. The trading opened at around $381 per share (ticked COIN), putting an opening value of around $100 billion. But that’s not the only exciting thing that happened. The week started off with a blast as bitcoin surged past $60K on Saturday....

Brevan Howard intends to diversify into various digital assets beyond Bitcoin and Ethereum. Brevan Howard, an asset management firm with approximately $10 billion in AUM, is reportedly eyeing the crypto market, according to a report by Bloomberg. Bloomberg reported that the firm hedge fund is ready to invest 1.5% of a $5.6 billion portfolio into cryptocurrencies.Notably, the cryptocurrency investment dubbed ‘initial allocation’ will be headed by Johnny Steindorff and Tucker Waterman,...

Justin Sun, the CEO and founder of Tron and BitTorrent, says that he expects the popularity of the USDT stablecoin to increase.For the first time, the volume of Tether transactions on the Tron blockchain has surpassed that of Ethereum blockchain. This is according to available data on CoinMetrics.According to the data, the total market cap of the Stablecoin on the Tron blockchain stood at $24 billion while that of Ethereum is at $23.4 billion. This spike in transaction volume was largely due...

Dogecoin is where all the rage is in the cryptocurrency market throughout the past 24 hours. DOGE is up almost 200% in the past day and almost 500% in the past week. With the latest surge, it has also managed to become the 6th largest cryptocurrency by market capitalization, surpassing Cardano’s ADA. Dogecoin Now Bigger Than Cardano As CryptoPotato reported earlier, the popular meme coin, DOGE, made headlines by painting a fresh all-time high at around $0.30. While this, in...

On the 12th of April, Grab completed a SPAC merger with Altimeter Growth Corp. The merger generated almost $40 billion.Singaporean multinational transport company Grab is reportedly considering a secondary listing in Singapore. Grab’s move for a secondary listing in its home market came after the transport company listed on Nasdaq through a special acquisition company (SPAC) in the US. Grab Seeks Secondary ListingCiting reliable sources, Reuters revealed that the secondary listing would make...

While Elon Musk has a history of influencing the stock market, his record in helping to pump the price of digital currencies such as Dogecoin (DOGE) cannot go unnoticed.David Einhorn has accused Elon Musk, the CEO of Tesla Inc (NASDAQ: TSLA), and venture capitalist Chamath Palihapitiya of adding the real “Jet Fuel” to the fire during the GameStop Corp (NYSE: GME) short squeeze saga involving retail investors and hedge funds earlier this year. GameStop SagaEinhorn, the manager of Greenlight...

Apart from mobile gaming, AppLovin has built its position in the market by developing marketing software for app developers to help them promote their products.It certainly wasn’t a great start on Wall Street for mobile gaming company AppLovin Corp (NASDAQ: APP). On Thursday, April 15, as the company debuted on Wall Street, APP shares closed 18.5% down. With the APP shares closing price of $65.20, the company’s market cap stood at around $23 billion.AppLovin Performance that Affects APP...

Earlier this week, Branson sold 5,584,000 shares of his company between April 12 and 14. According to SEC filing, the shares were worth approximately $150.3 million. Virgin Galactic Holdings Inc (NYSE: SPCE) stock closed yesterday trading at $23.06, down more than 13%. As a result of the continued decline, all the gains that accumulated in the past 12 months have been wiped out. Yesterday’s dip was attributed to news that Richard Branson, the company’s founder dumped more stocks to the...

Notre e-meetup d’avril 2021 est planifié pour le mercredi 28 à 19h00 et vous sera comme d’habitude délivré sur la plateforme de réseau social Discord en suivant le lien bien connu de Becrypto : https://discord.gg/zzfJDMA A l’initiative de Bitcoin Liège et de Crypto-monnaies Bruxelles Premier thème : état du marché des cryptos Cara, aka Cédric – trader dont la valeur n’a pas attendu les...