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“# Morgan Stanley launches cryptocurrency research team ” Morgan Stanley, one of the largest banks in the United States, is setting up a new crypto-focused research division. The Wall Street megabank has appointed Sheena Shah as lead cryptocurrency analyst for its dedicated cryptocurrency research team, Bloomberg reported on Sept. 13. Shah worked as Morgan Stanley’s lead currency…
“# Solana and Arbitrum knocked offline while Ethereum evades attack ” Surging Ethereum rival, Solana (SOL), has shed 15% of its value over the past 24 hours after suffering a denial-of-service disruption. On Sept. 14 at 12:38 pm UTC, Twitter account Solana Status announced that Solana’s mainnet beta had been suffering intermittent instability over a…
“# New report reveals top-graded exchanges at three-year peak volume dominance ” Recent data from market analyst firm CryptoCompare reveals that the leading six cryptocurrency exchanges, as per the company’s analytical model, were responsible for a three-year high in spot volume throughout the month of August. The metric grades all cryptocurrency exchanges across a multitude…
“# NFT potential takes quantum leap with Koii Network’s new Dynamic NFT standard ” In April of this year, an anonymous buyer purchased a copy of Action Comics #1 for $3,250,000 USD — the highest figure on record for a vintage comic book. Published in 1938 and featuring the first-ever appearance of Superman, the comic…
“# CryptoPunks floor price slips below 80 ETH as NFT trading volume deflates by 50% ” The minimum cost to buy a CryptoPunks nonfungible token (NFT) from secondary marketplaces dropped below 80 ETH on Tuesday. Larva Labs reported that the so-called “CryptoPunk 1417,” a pixelated avatar of one of 3840 women created by digital artists…
“# Immutable raises $60M for its carbon-conscious NFT platform ” Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried’s Alameda Research and Gary Vaynerchuk’s VaynerFund. The funding round was co-led by gaming investment…
“# Bitcoin technicals: Incoming ‘golden cross’ presents potential bottom for BTC price ” Bitcoin (BTC) and the cryptocurrency market had a shakeout this week as the fake news surrounding Litecoin (LTC) caused a spike in volatility. However, the structure of the market didn’t change. In fact, Bitcoin’s price might be bottoming out as a Golden…
“# Bitcoin worth $2 billion moves for just $0.78 ” Block data from Blockchain.com reveals that a colossal Bitcoin (BTC) transaction worth $2 billion was processed on Monday night. Despite the enormous financial value, the unknown wallet holder only paid 0.00001713 BTC fees equivalent to $0.78. Although it is unknown what the purpose of this…
“# Indian university joins Hedera decentralized governance council ” The Indian Institute of Technology Madras (IITM) has become a member of the Hedera Hashgraph’s council for decentralized governance. IIT Madras is one of the top institutes for technical education in India, which falls under the direct jurisdiction of India’s Ministry of Education. As a member…
“# India’s Income Tax Department may soon target crypto trades and ecosystem ” As the Income Tax Department of India reportedly considers taxing crypto traders and crypto exchanges soon, experts believe investors should rest assured. According to ET Now’s report, the tax department, which operates under India’s Ministry of Finance, has signaled interest to tax…