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Crypto Chaos

Despite the second-largest bank failure in US history, the Federal Reserve continued its interest rate hike strategy last week. This caused markets to react by pricing in continued monetary tightening, pushing back their expectations of rate decreases to 2024. Some have perceived this move as necessary to combat inflation, even if it comes at the cost of breaking the banking sector. Unfortunately, this sober outlook suggests that the rest of the year may be marked by more sideways action in the markets rather than a steady recovery. Meanwhile, in the

First Million-Dollar NFT Sale for Solana, and It’s for a Degenerate Ape

Today, Degen Ape #7225 became Solana’s first million-dollar NFT sale. In the last few weeks, the blockchain platform’s NFT ecosystem has exploded. NFT intends to reduce its mint pricing in order to keep the prices low. The first million-dollar NFT sale has occurred on the Solana blockchain. Moonrock Capital, a blockchain advising business, bought one of the Degenerate Ape Academy NFTs for 5,980 SOL ($1.1 million) on Saturday. Moonrock purchased Degen Ape #7225, a scarred zombie ape with a halo, a gold tooth, and a brain in its mouth. According

Cryptocurrencies Must Be Monitored Says Argentine Central Bank President

The President of Argentina’s Central Bank has said that cryptocurrencies must be monitored closely and that they must not be used to flout foreign exchange regulation.Sponsored Sponsored Miguel Pesce said in a recent meeting organized by the Argentine Chamber of Fintech that the Argentine central bank would be “closely monitoring” cryptocurrencies. Pesce, the president of the central bank, said that the volatility of cryptocurrencies was one of the biggest issues. In addition, he wants to ensure that crypto cannot be used to flout foreign exchange controls. The virtual meeting saw

Pranksy Drops $336,000 on Fake Banksy NFT

Well-known NFT collector Pranksy has been the victim of an elaborate hoax that cost him more than $300,000.Sponsored Sponsored Twitter was ablaze with rumors of an official Banksy NFT being posted for sale on OpenSea on Tuesday. The listing caught the eye of famous British NFT collector and Co-Founder of NFTBoxes, Pranksy. Pranksy currently owns more than 39,000 NFTs on OpenSea. The listing gained further traction when it was discovered that a subpage on Banksy’s official website appeared with NFT information on it earlier in the day. The page featured

JP Morgan and Its Bitcoin Trading Service to Face Stiff Competition from Cryptocurrency Exchanges

Aug 10, 2021 at 10:28 // News JP Morgan is finally offering bitcoin investment options to its customers after years of aversion to crypto investing, and is reportedly promoting its bitcoin product to its retail customers. However, the bank should be prepared for competition from cryptocurrency exchanges and similar banks. Sceptic becomes a believer After JP Morgan Chase discovered the potential of cryptocurrencies, the bank added Bitcoin to the list of assets its clients can invest in. Everything JP Morgan is doing now in regards to Bitcoin has proven to

Litecoin is Flashing a Bearish Breakdown Pattern as Analysts Eye Downside

Litecoin has been flashing mixed price action in recent weeks, with its slow uptrend showing some signs of faltering Its momentum began stalling yesterday when it reached for highs of nearly $70 This seems to shine a light on some underlying weakness, potentially also signaling that further downside is imminent Analysts are noting that this weakness may lead it significantly lower in the near-term One trader is pointing to a breakdown pattern that LTC has formed against its BTC trading pair as another reason why downside is imminent Despite climbing

Here’s Why Bitcoin May Soon See a Sharp “Downside Flush” Despite Stability

Bitcoin has found some strong stability within the lower-$12,000 region following yesterday’s upswing Analysts are widely confident that it is currently caught within the early stages of its next bull run, which may ultimately lead it up towards its all-time highs Despite getting closer to these highs each week, there may still be some turbulence ahead for the cryptocurrency One analyst is noting that high funding rates for BTC on margin trading platform spell trouble for its near-term outlook He believes that BTC will soon see a sharp downswing that