by webwriter | Dec 31, 2022 | Market News
Key Takeaways Sam Bankman-Fried may have sent over $1.48 million worth of crypto to various exchanges to cash out the funds. One of his publicly-known wallets, along with numerous known Alameda wallets, consolidated funds together and then proceeded to ramp them off...
by webwriter | Dec 14, 2022 | Market News
Key Takeaways The U.S. central bank announced today that it was increasing the federal interest rates by 50 basis points. The decision brings rates to a range between 4.25% and 4.50%. The Fed’s decision was welcomed by market participants, as it signifies a...
by webwriter | Dec 13, 2022 | Market News
Key Takeaways The CPI print for November came in today at 7.1%. The print is 0.6% lower than October’s, and 0.2% lower than expected. The crypto market reacted positively to the news, with BTC and ETH soaring by 4.65% and 6% each before falling back slightly. Share...
by webwriter | Dec 3, 2022 | Market News
Key Takeaways The crypto ecosystem shed $2 trillion in market value and lost several major players in 2022, but it didn’t die. Terra, Three Arrows Capital, FTX, and a host of other big entities suffered wipeouts that characterized crypto’s turbulent year. Ethereum...
by webwriter | Nov 29, 2022 | Market News
Key Takeaways Crypto Twitter has been sharing jokes about wETH being exploited or losing its peg. At least one media publication—Bloomberg—took the jokes at face value. Wrapped Ethereum does not have a sole custodian and does not pose a systemic threat to the Ethereum...
by webwriter | Nov 23, 2022 | Market News
Key Takeaways The NFT market experienced a slump with the rest of crypto in 2022, but some collections stood out from the pack. Yuga Labs’ Otherside mint raised a record-breaking $310 million in April. Generative artists like Emily Xie and Tyler Hobbs helped...