Tag Archives: blockchain

Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends

Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends

Pullbacks typically end with crowd chatter leaning bearish. As bitcoin nurses a weekly drop of 9%, the cryptocurrency’s social metrics indicate the retail crowd is high on hopium – a crypto slang for hopes of a quick recovery and a continued bull run. However, past data shows pullbacks or downtrends typically end when social chatter […]

Big Money Apes Into Blockchain Gaming With $725M Fundraising for Forte

Big Money Apes Into Blockchain Gaming With $725M Fundraising for Forte

Forte will use the funding, which brings its total capital raised this year to more than $900 million, to expand its products and services. Major crypto players Andreessen Horowitz (a16z), Cosmos, Polygon Studios and Solana Ventures were among those that have invested an additional $725 million in funding to close a Series B round for […]

SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows

SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows

A new force is behind shiba inu’s most recent price surge. Shiba inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value on Wednesday, according to data from CoinGecko. Both coins now have a market cap of over $31 billion and are toggling between 10th and 11th on CoinGecko’s rankings page. Blockchain data shows that while […]

Citi Starts Coverage of Coinbase With $415 Price Target, Says ‘Buy Crypto’s General Store’

Citi Starts Coverage of Coinbase With $415 Price Target, Says ‘Buy Crypto’s General Store’

The bank’s Coinbase target is 27% higher than Monday’s closing price. Citi initiated coverage of Coinbase (NASDAQ: COIN) Tuesday with a buy rating and $415 price target, saying the crypto exchange “offers investors direct exposure to increased retail and institutional adoption” of digital assets.. “For its position within the crypto value chain, a `networking-based’ business […]

Global Finance Watchdog Says $133B Stablecoin Sector Remains Niche

Global Finance Watchdog Says $133B Stablecoin Sector Remains Niche

The Financial Stability Board, a G20 entity that provides recommendations for the global financial system, found stablecoins are not being used at any significant scale for payments at present. A Financial Stability Board (FSB) survey has found that stablecoins, or cryptocurrencies pegged to real-world assets, are currently not being used at a significant scale for […]

JPMorgan Says Institutional Investors Are Replacing Gold With Bitcoin

JPMorgan Says Institutional Investors Are Replacing Gold With Bitcoin

The shift into bitcoin that drove late-2020 all-time highs “has started reemerging in recent weeks,” wrote analyst Nikolaos Panigirtzoglou. “Bitcoin’s allure as an inflation hedge” is drawing institutional investors back to the crypto market, JPMorgan’s Nikolaos Panigirtzoglou wrote in an Oct. 6 research note to clients. “There are tentative signs that the previous shift away from gold […]

US FDIC Said to Be Studying Deposit Insurance for Stablecoins

US FDIC Said to Be Studying Deposit Insurance for Stablecoins

So-called pass-through coverage would insure the holders of these tokens against losses up to $250,000 if the bank holding the collateral were to fail. The Federal Deposit Insurance Corp. (FDIC), a key U.S. banking regulator, is studying whether certain stablecoins might be eligible for its coverage, five people familiar with the agency’s thinking said. The discussions are […]

Coincidence or Insider Trading? Price Pops Before Incentive Announcements Raise Questions

Coincidence or Insider Trading? Price Pops Before Incentive Announcements Raise Questions

Blockchain data shows recent surges in the days leading up to multimillion-dollar user acquisition programs. Experts offer some possible explanations as to why. “Buy the rumor, sell the news.” It is not surprising when a token sees a price pop after its underlying blockchain announces a multimillion-dollar program to attract new users. But in the […]

Dapper Labs Said to Reach $7.6B Valuation in $250M Funding Round

Dapper Labs Said to Reach $7.6B Valuation in $250M Funding Round

The firm behind NBA Top Shot and the Flow blockchain also announced a deal with Spain’s top soccer league, LaLiga. Dapper Labs has closed a $250 million funding round, the company behind NBA Top Shot and the Flow blockchain said Wednesday. Coatue led the raise, which also included Andreessen Horowitz, Google’s GV and Version One […]