While the previous bull market saw hundreds of play-to-earn games launched, only a few were able to maintain a steady user base as the market declined. This became apparent in July, when activity continued to fall. However, the trying market conditions also highlighted the handful of titles that managed to stand out. Splinterlands is one…
The Synthetix protocol, which was launched in September 2017, allows users to mint and trade derivative tokens called Synths. Recent integrations and upcoming releases have significantly strengthened Synthetix protocol’s position: Recent integration with 1inch is driving up the utilization of the protocol on ETH mainnet Several protocols integrated with Synthetix on Optimism, a L2 solution…
PlanB, the infamous creator of the stock-to-flow (S2F) model for Bitcoin, has seemingly abandoned the HODL strategy in favor of “quant investing” through ByBit. In a tweet Friday, he announced a “copy my trade” partnership with ByBit that “outperforms buy&hold 100x.” An article detailing the strategy was released Monday via PlanB’s website. The article on…
The price of Ethereum has broken $1,800 for the first time since the market crash in June amid the Terra fallout. The bullish price movement comes less than a month from The Merge, which is scheduled for September. Ethereum rose strongly against Bitcoin on August 8 as it approached a key resistance that was last…
Catching the coveted Bitcoin bottom requires analyzing more than just its price. One of the most reliable indicators of market bottoms has historically been miner data. Often considered to be one of the most resilient players in the crypto ecosystem, miners capitulate only when Bitcoin becomes too expensive to mine. Hash ribbons are a unique…
The U.S Bureau of Labor Statistics (BLS) released its nonfarm payroll showing employment had increased by 528,000 in July. This was more than twice Wall Street’s expectations of a 258,000 increase. According to the figures, U.S unemployment now stands at 3.5%, beating analysts’ expectations of a 3.6% unemployment rate. Stocks and Bitcoin initially reacted negatively…
The shock resignation of Rishi Sunak on July 5 has cast uncertainty on the future direction of crypto in the United Kingdom In the months before his resignation, the former Chancellor spearheaded several policies to turn the country into a global crypto hub. This included payment regulation reform to recognize stablecoins as a valid payment,…
Retail investors are piling into Bitcoin despite continued regulation and price uncertainty, according to Barrons. Since July 13, Bitcoin has been trending upwards, growing in value by 18%. Having peaked at $24,700 on July 30, the uptrend was cut short. Nonetheless, this performance was BTC’s best run of form since October 2021. Bitcoin price action…
Bloomberg Intelligence’s latest crypto outlook report said Bitcoin (BTC) might begin to perform more like the U.S. Treasury bonds rather than stock equities as it slowly recovers from the recent market crash. According to the report, declining bond yields make it very likely that Bitcoin, just like gold and bonds, may rise as deflation sets…
Research conducted by blockchain data platform Chainalysis estimated that $2 billion was lost from cross-chain bridge hacks so far in 2022. Chainalysis stated in the report that the issue now “represents a significant threat to building trust in blockchain technology.” Moreover, researchers said bridge hacks are favored by North Korean hackers, who are estimated to…