Justin Bieber, the pop star, invested over $2 million in non-fungible tokens (NFTs) back in 2022. However, his NFT holdings are now worth barely over $100,000 due to a market correction that caused values to plummet by up to 94.7%. According to data from Arkham Intelligence, Bieber bought two NFTs each from the Bored Apes … Read more
The Internet Computer is a blockchain network that powers the development of internet services through its secure, decentralized protocol. It uses the ICP token, formerly known as DFN, for facilitating app development, handling transactions, compensating network contributors, and making governance decisions. The ICP token, created by DFINITY founder Dominic Williams in 2016, is essential for … Read more
Paul Krugman, a Nobel Prize-winning economist and New York Times columnist, offers a nuanced perspective on the US economy following the release of the first quarter 2024 GDP report. Despite lackluster growth at 1.6% and increased inflation, Krugman advises against jumping to conclusions based on volatile components like inventories and imports. Economist Paul Krugman recently … Read more
Recently, Pantera Capital was announced as one of the successful bidders in a private Solana token auction overseen by FTX’s bankruptcy administrators. The exact number of tokens, around 2,000, and identities of those involved have not been disclosed. Bloomberg reported this sale, which is part of a larger liquidation process for FTX’s cryptocurrency holdings valued … Read more
As a crypto investor with a strong interest in the Swiss financial scene, I find the ongoing debate between the SNB and the crypto community regarding the integration of Bitcoin into the country’s reserves intriguing. The SNB’s reluctance to consider Bitcoin as a viable reserve asset is understandable given their mandate for liquidity, stability, and … Read more
As a seasoned crypto investor with a keen understanding of the market dynamics and economic indicators, I find the recent hotter-than-expected PCE inflation data from the Federal Reserve disconcerting. The persistent inflation rates and the central bank’s cautious approach to rate cuts have significantly impacted various risk assets, including Bitcoin and equities. The Personal Consumption … Read more
As a researcher with extensive experience in the cryptocurrency market, I find the current situation surrounding Bitcoin intriguing. The recent price drop and the appearance of bearish indicators such as the death cross on Bitcoin’s 12-hour chart have raised concerns about a potential downturn. However, it’s important to remember that historical data suggests these signals … Read more
As an experienced analyst, I have closely monitored the cryptocurrency market and its price movements for several years. The recent downturn in the market, which has seen Bitcoin drop to $64,100 and XRP‘s native token falling to $0.52, is a concerning development. However, some analysts, including Egrag Crypto, are suggesting that XRP could surge to … Read more
As a seasoned crypto investor, I’ve seen my fair share of market ups and downs. The stability provided by stablecoins has been a game-changer in this volatile digital asset landscape. Receiving insights from reports like CCData’s Stablecoins Report is essential for staying informed about the latest trends and developments within the sector. CCData, as an … Read more
As a researcher with a background in blockchain technology and crypto economics, I find the recent developments within the Shiba Inu project particularly intriguing. The successful $12 million funding round, which was led by a roster of prominent investors, is a clear indication of the growing confidence and interest in the Shiba Inu ecosystem. Shiba … Read more