There are allegations of massive illegal insider trading at Coinbase, one of the world’s largest cryptocurrency exchanges. The platform has dismissed rumors saying they adhere to strict code of ethics.
Wikipedia editors are requesting the Wikimedia Foundation to stop accepting Bitcoin and cryptocurrency donations. Opposition stems from environmental concerns and alleged promotion of “predatory” investment.
NFTs function as certain resources with interesting identifiers and traits that give them worth. They are an individualized computerized item that can’t be traded for another resource, however just for themselves. This being “non-fungible” signifies — and why non-fungibility matters in crypto. Bitcoin, for instance, is a fungible resource since one bitcoin is compatible with […]
“In a speculative market, what counts is imagination and not analysts.” Benjamin Graham The world probably doesn’t need one more hot take about how NFTs are an insane financial bubble so I’ll just attempt a quick recap of the numbers here and let you draw the only logical conclusion. Last year someone sold a Crypto […]
Yuga Labs, the creators of the Bored Ape Yacht Club, just raised $450 million at a $4 billion dollar valuation in a round lead by Web3’s 2 biggest fan boys, Andreason and Horrowitz. For perspective, 4 billion dollars is the same valuation Disney gave Star Wars and Marvel when they were acquired. That is roughly the market cap of […]
Although cryptocurrencies are destined to experience ups and downs, they are here to stay and will undoubtedly continue to grow in the future. Can cryptocurrencies act as a protective asset against inflation? Most experts agree that central banks will continue to maintain low interest rates as well as powerful monetary stimuli. This is because the […]
Stablecoins are perhaps the safest financial instruments in an otherwise highly volatile cryptocurrency industry. They have their value tethered to an outside reference like the US Dollar and are hence called stable. In the US, if you wish to invest in these stablecoins, a safe instrument, to earn just about 7-12% interest, you need to […]
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© 2022 Block Magnates, Inc. All rights reserved.