Cathie Wood boosts stake in Coinbase stock despite SEC lawsuit
The U.S. SEC sued Coinbase Global for violating securities laws this week. Wood bought $21 million worth of Coinbase stock on consequent sell-off. Coinbase stock is currently up nearly 60%…
Bitcoin still trading like a risk asset, despite claims of decoupling amid banking crisis
Key Takeaways First Republic has become the latest bank to collapse in the US Bitcoin has bounced this week, as it did in March when SVB fell and the banking…
BNB muted despite BNB Chain’s burn of $600M worth of tokens
BNB worth more than $600 million have been removed from circulation, Binance announced on Tuesday. This was the 22nd BNB burn, with data showing over 44 million BNB tokens have…
XRP fails to mount a comeback despite whale accumulation. Here is the next target
XRP has been correcting as the SEC case drags Whales have been accumulating the cryptocurrency XRP could continue sliding to find support at $0.30 Ripple (XRP/USD) enthusiasts have been anxious…
DeFi sees 31% jump in users despite 2022 market conditions
DeFi continues to attract more users with strong products and services across segments such as decentralised exchanges, lending protocols and staking. Users across the sector increased by 31% quarter on…
Crypto overall is fine despite FTX’s insolvency, says Changpeng Zhao
Binance CEO said more companies would be affected by the collapse of the FTX crypto exchange. He pointed out that the overall crypto market is fine despite FTX’s insolvency. CZ’s…
MATIC dips by 2% today despite Polygon’s partnership with CV Labs
Polygon has signed a strategic partnership that would see it help with blockchain development in Africa. MATIC, the native coin of the Polygon ecosystem, is down by roughly 2% in…
Crypto market continues its recovery despite hacks: DappRadar’s October report
The cryptocurrency market cap rose to $1 trillion in October despite the $1 billion in losses recorded via hacks during the month. DappRadar, the global app store for decentralised applications,…
Blockchain technology has big plans, despite bloodbath in the markets
This year has been a turbulent one in crypto markets, with prices dropping in line with the plummet in asset prices across the board. A combination of runaway inflation and…
BNB continues to underperform despite Binance’s recent token burn
BNB has been underperforming despite Binance burning over $500 million worth of BNB tokens last week. BNB, the native coin of the Binance ecosystem, is up by less than 1%…