Crypto EcoBlog
A new report by the San Francisco-based cryptocurrency exchange Coinbase revealed that its venture arm (Coinbase Ventures) had completed a total of 49 investments in the Q3 of 2021, averaging a new deal almost every two days. The figures have increased by 28 investments made in the previous quarter and 24 in the first quarter of the year. The Ventures portfolio size, as of Q3, featured more than 200+ organizations and projects. Coinbase Ventures’ Growth Trajectory It is...
Read More »SQUID Investors Cannot Sell Their Tokens After a 110,000% Spike, Raising Too Many Red Flags to Ignore
The SQUID token made headlines in various financial and cryptocurrency media around the world this week. Still, it might not be the miracle everyone was hoping for. After rising over 110,000% in less than a week, reports of “investors” who have been unable to sell their tokens after astronomical gains are starting to pop up all over the internet. The token is ranked #2905 among the cryptocurrencies listed on Coinmarketcap, but the price aggregator itself has already put up a...
Read More »Coinbase Reclaims Top Spot on Apple’s US App Store
Following Coinbase’s numerous mainstream marketing initiatives, consumers are demonstrably taking notice. The leading US crypto exchange’s mobile app is once again the most popular product in the App Store. It has received more downloads than any other application in the past few days. Coinbase Reigns Supreme A recent look at App Store statistics shows Coinbase as the #1 ranked free app right now. Behind it are the likes of TikTok, Instagram, YouTube, and the newly popular...
Read More »Russia’s Leading Neobank Considers Adding Cryptocurrency Services: Report
Tinkoff Investments – the online brokerage portal of the Russian bank Tinkoff – could turn its sight towards the digital asset industry due to increased customer demand. However, the institution’s director Dmitry Panchenko added that the idea is still at its early stages as Russia doesn’t have the most crypto-friendly legislation. Following The Evolution According to the local media TASS, Tinkoff Investments could enable cryptocurrency services to its clients soon. The head...
Read More »What is Squid Game (SQUID) and Why Is It Up 110,000% in 5 Days?
The cryptocurrency market is an exciting place. Up until a couple of days ago, meme coins such as Shiba Inu (SHIB), Floki Inu (FLOKI), and a ton of other Dogecoin derivatives were popping off charting three-digit increases daily. Now, it seems that tokens associated with the play-to-earn business model are the ones taking center stage. CryptoPotato reported yesterday that P2E tokens are surging following Facebook’s announcement that it will be rebranding to Meta. Mark...
Read More »Australia’s Securities Regulator Issues New Positive Guidelines on Bitcoin and Ethereum ETPs
The Australian Securities and Investments Commission (ASIC) has taken slow but cautious steps regarding an exchange-traded product tracking the performance of bitcoin or another cryptocurrency. In the latest development, the organization published guidance detailing regulatory requirements for funds waiting to offer crypto ETPs, including exchange-traded funds (ETFs) and structured products. The guidance is designed to ensure not only investor protection but also increase...
Read More »The SHIB Vitalik Buterin Burned in May Would Now Be Worth Almost $28 Billion
In May, Ethereum’s Co-Founder – Vitalik Buterin – burned 410,24 trillion Shiba Inu tokens which would now be equivalent to $27.8 billion. Additionally, he donated 50 trillion SHIB ($3.4 billion calculated at today’s prices) to India, struggling with the COVID-19 infection by that time. Five Months Difference Dogecoin’s success since the beginning of 2021 has led to the rise of many copycats that aimed to steal from its public attention. Arguably the most popular one is Shiba...
Read More »WWE to Launch Eco-Friendly NFT Marketplace
The American entertainment company, primarily known for professional wrestling – WWE – joined forces with Blockchain Creative Labs to launch a non-fungible token marketplace. The digital collectibles will capture iconic moments from grand events like Wrestlemania and SummerSlam and will have an eco-friendly focus. ‘If You Smell… What WWE… Is Cooking!’ Despite retracing a bit from the record trading volumes in August, the NFT craze is still a tempting industry in which many...
Read More »MicroStrategy Added Nearly 9,000 BTC to Its Holdings During Q3
The business intelligence corporation – MicroStrategy Incorporated – doubled down on its cryptocurrency endeavors during the third quarter of 2021 by purchasing 8,957 BTC in that period. Thus, the company now holds around $7 billion worth of the primary digital asset (calculated at today’s prices). MicroStrategy: The Bitcoin Whale MicroStrategy announced the results in its Q3 earnings report. According to it, the firm acquired 8,957 BTC between July and October this year at...
Read More »I Was Gambling, Says Jim Cramer on His Ethereum and Bitcoin Buys
The American TV personality Jim Cramer advised crypto investors to beware of the risks related to the digital asset industry. According to him, investments in bitcoin and the altcoins rests on the “greater fool theory,” where speculation is not absent. Furthermore, Cramer admitted he is not a crypto hodler because of inflationary reasons, instead, he was “simply gambling.” ‘There Could Be Millions of Greater Fools out There’ CNBC’s Jim Cramer shared yet another controversial...
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