The Bored Ape Yacht Club continues to make waves in the non-fungible token market, reclaiming its position as a dominant force. On Wednesday, BAYC led daily NFT sales with a remarkable $919,152, surpassing DMarket, which had held the top spot for nearly a week. This surge not only highlights the ongoing popularity of the Bored…
Institutional demand for cryptocurrency saw a significant increase in the second quarter of 2024, marking a pivotal moment for the crypto industry. As mainstream financial institutions deepen their engagement with digital assets, the surge in institutional crypto investment reflects growing confidence in the long-term viability of cryptocurrencies, even in the face of economic uncertainty. Goldman…
In a recent interview, Circle CEO Jeremy Allaire emphasized the importance of establishing a bipartisan crypto policy in the United States. Allaire’s remarks come at a critical time when the U.S. faces increasing pressure to lead in the rapidly evolving global cryptocurrency industry. He believes that while crypto has seen some bipartisan support, more decisive…
The intricacies of Bitcoin mining are often misunderstood, yet they play a pivotal role in shaping both the cryptocurrency’s market price and overall stability. Central to this process is the concept of Bitcoin hashrate impact, which refers to the total computational power used to mine Bitcoin and verify transactions on the blockchain. Understanding how hashrate…
In the ever-evolving world of non-fungible tokens, DMarket NFT sales have once again taken the lead, topping the charts with impressive daily sales figures. On Tuesday, DMarket, an NFT collection centered around in-game items for popular online games like Counter-Strike and Dota 2, recorded sales totaling $685,764. While this marks a slight decrease from Monday’s…
In a significant development within the decentralized finance space, Ethereum-based staking project Swell has launched a new liquid restaking token known as swBTC. This move enables Bitcoin holders to earn yield within the Ethereum ecosystem by leveraging their assets in restaking protocols. The Ethereum-based Swell swBTC is poised to attract significant interest as it offers…
Financial services industry consultant John Reed Stark has raised concerns about Morgan Stanley’s recent move to permit its wealth advisors to recommend spot Bitcoin ETFs to clients. Stark, president of a consulting firm based in Bethesda, Md., warned that this decision could invite substantial regulatory scrutiny. In a post on X, Stark suggested that Morgan…
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency company NovaTech and its co-founders, Cynthia and Eddy Petion, alleging that they orchestrated a fraudulent scheme that amassed over $650 million from more than 200,000 investors globally, including a significant number of Haitian-Americans. The SEC alleges that NovaTech and the Petions falsely…
Marathon Digital Holdings Inc. (NASDAQ:MARA) Marathon Digital Holdings Inc. has announced plans to sell $250 million in convertible senior notes, with the proceeds earmarked for acquiring additional Bitcoin. This move aligns with a strategy similar to that of MicroStrategy Inc., which has been increasing its Bitcoin holdings over the years in anticipation of a rise…
Top NFT Collections Drive Significant Sales On August 11, DMarket dominated the non-fungible tokens (NFTs) market with an outstanding sales figure of $733,528, according to CryptoSlam data. DMarket, an NFT collection featuring in-game items from popular games such as Counter-Strike and Dota 2, outperformed other collections that day. The Mythos-based collection has achieved an all-time…