Bitcoin is experiencing its longest ‘extreme fear’ phase ever
The price of Bitcoin has been stuck around $20,000 for seventy days straight, with no sign of an end in sight. Although Bitcoin (BTC) has avoided further declines since hitting $17,600 last month, sentiment is at an all-time low. Now, a well-known mood indicator for the cryptocurrency market is illuminating the length and rigor of […]
Community expectation increases for Otherside’s First Trip demo run
On July 17 at 4 p.m. UTC, The Otherside, a gamified metaverse project connected to the Bored Ape Yacht Club, will launch a technological presentation of the first phase of its roadmap. The Otherside describes the First Trip event as a “celebration of what’s to come and an occasion for Voyagers to gather, explore, and […]
Cred Protocol releases its first decentralized credit scores
Cred Protocol, a decentralized credit rating system, has published the results of its first credit score on the Aave Protocol and plans to extend to Compound and MakerDAO. Cred Protocol, a business engaged in decentralized credit scoring, recently released the findings of its initial automated credit scoring system (DeFi). The findings, as described in a […]
CoinShares trades on Deutsche Boerse Xetra with staked Algorand ETP
The new Algorand ETP joins the family of staked ETPs offered by CoinShares that include the cryptocurrencies DOT, XTZ, ADA, SOL, ATOM, and MATIC. CoinShares, a significant European cryptocurrency investment firm, is adding a new physically-backed ETP built on the Algorand platform to its lineup of exchange-traded products (ETP). On Thursday, CoinShares announced that their […]
Tencent shuts down NFT platform as gov policy makes it hard to grow
Tencent has shut down one of its digital collection (NFT) platforms, despite the fact that NFTs are not prohibited in China like crypto are. The two nonfungible token (NFT) platforms operated by China’s internet behemoth Tencent have reportedly been shut down due to dwindling sales made possible by the country’s regressive monetary policies. On July […]