PayPal’s CEO Opines Blockchain and Crypto Will Reform Financial System
Paypal CEO Dan Schulman discussed the future potential of cryptocurrencies and blockchain technology in the futuristic financial system in an interview on Monday. The actual promise of digital currencies, according to Schulman, is in payments, not in buying and selling them or anticipating their price movements. Furthermore, he believes that the intersection of CBDC, stable […]
Paradigm leads a $27M Series A funding for Magic Eden
Magic Eden a Solana NFT marketplace announced today that it has raised $27 million in the Series A round, which was led by Paradigm and had contributions from other VC firms. The fund according to the marketplace will be used to further its goals. Sequoia, Solana Ventures, Greylock, Kindred, Electric, and Variant were among the […]
How NFTs Are Made And How They Create Value
Unlike other asset classes, NFTs are an entirely new one. For a full understanding of NFTs, one must first consider what they are and the kinds of business prospects they open up for developers. NFTs’ uniqueness and restricted availability establish their authenticity and ownership. Any cryptographic asset on the blockchain that represents an intangible and […]
Bitcoin holders are not selling amid market correction, as illiquid supply of bitcoin increases 3.2X
Despite price volatility, growing inflation, and geopolitical concerns, the bulk of BTC supply has remained in wallets since the beginning of the year, according to data from on-chain analytics firm Glassnode. It reflects Bitcoin’s growing appeal among institutional and retail investors, with no one willing to sell it. Glassnode tweeted on Monday that the Bitcoin Illiquid Supply Shock […]
“I Won’t sell my Bitcoin, Ethereum, or Doge.” – Tesla CEO Elon Musk
Elon Musk, Tesla’s CEO, expressed his concern about the rising rate of inflation as a result of the escalating Russian-Ukraine crisis in a tweet on Monday. He would not, however, sell his Bitcoin, Ethereum, or Doge assets for what they are worth, despite rising inflation. Musk reiterates his bullish position on cryptocurrency, citing the crypto […]