Coinbase blames macroeconomic factors for crypto crash
Two-thirds of the crypto market meltdown can be ascribed to macroeconomic causes, according to a recent study by Coinbase. It is not surprising that the current crypto bear market has been brought on by worsening macro-factors. In contrast, Coinbase stated that the idea was accurate in a blog post on July 5 and added that […]
Former TikTok Gaming head launches blockchain-focused startup, Metao
Jason Fung, the former CEO of TikTok’s gaming division launches Metao to increase interoperability amongst the various blockchain networks. On July 5, Jason Fung, the former CEO of TikTok’s gaming division, made the announcement that he was leaving the company to found Metao, a blockchain video game business. Fung claimed that in order to establish […]
CEO of CryptoCom denies placing withdrawal limitations
Despite a recent 5 percent personnel cut that affected his team, CryptoCom CEO Kris Marszalek is still optimistic about the company’s future. The community has been abuzz with rumors about who the next victim of the continuing market crash would be as a result of the recent increase in cryptocurrency trading firms stopping vital services […]
Virginia county Fairfax contributes $35 million to Van Eck’s crypto lending fund
Through the asset manager, Fairfax County continues to investigate the realm of yield farming through the VanEck crypto lending fund. Fairfax County in Virginia has started contributing some of a $35 million allocation to a cryptocurrency loan fund run by international asset managers VanEck. The company disclosed that Fairfax County , which is investing money […]
Bitcoin “tourists” have been exterminated, leaving just hodlers: Glassnode
According to blockchain analytics company Glassnode, so-called “market tourists” are quitting Bitcoin (BTC), leaving only long-term investors keeping and using the leading cryptocurrency. The number of wallets holding at least some of the assets continues to increase, while the number of active addresses, entities, and transactions on the Bitcoin network are all heading downwards. According […]