The problems with retail crypto trading — and how to solve them
Young investors demand more accessibility, transparency and accountability than traders of yore, writes Joe Jowett of StrikeX. What are the solutions?
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Canada’s 3iQ could be first to launch Australian crypto ETF
Last-minute delays to three Australian cryptocurrency exchange-traded funds (ETFs) could allow Toronto-based 3iQ Digital Asset Management to launch the first of such products in the country, the Australian Financial Review reported. See related article: Launch of three crypto ETFs in Australia delayed Fast facts The Canadian firm lodged disclosure documents with the Australian Securities and…
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Shiba Inu explained — diving beyond the memecoin
Following a year of explosive price gains, the SHIB token is inching closer toward becoming a top 10 cryptocurrency. Will this so-called “Dogecoin killer” succeed? Forkast.News explores what’s in store for Shiba Inu.
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Solana loses consensus after bots flood network, SOL takes hit
Solana suffered another outage on Sunday Asia time, after the network lost consensus due to bots flooding the non-fungible token (NFT) minting tool “Candy Machine,” spamming more than six million transactions per second. See related article: Solana DeFi avoids meltdown as Wormhole loss replaced Fast facts The network was down for about seven hours before…
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Yuga Labs Otherside NFTs top US$285 mln; over US$175 mln in ETH gas guzzled
Yuga Labs’ long-awaited metaverse project Otherside debuted on Saturday in a non-fungible token (NFT) land sale to generate US$285 million but also clogged the Ethereum network to cost investors millions in gas fees. See relates article: Bored Apes creator to launch new metaverse ‘Otherside’ Fast facts Traders snapped up a limited supply of 55,000 “Otherdeeds”…
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Chinese streaming service Bilibili debuts NFTs for foreign buyers
Bilibili, a video streaming platform popular with China’s Generation Z, Thursday announced a batch of Ethereum-based non-fungible tokens (NFTs) for sale overseas. See related article: Resist the temptation on NFTs, Chinese state-backed developer says Fast facts Bilibili said the NFTs will be a series of auto-generated characters with different features such as faces, clothes, skin…
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Okay Bears NFTs record sellout helps Solana net US$2B in sales
A record sellout of Okay Bears NFTs helped Solana emerge as a viable alternative to Ethereum, the preferred platform for most NFTs.
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What is ApeCoin and How It Made The Bored Apes Richer
Bored Ape Yacht Club owners rejoiced, as ApeCoin launched with a generous airdrop for the NFT collection’s holders. Learn what ApeCoin is and how it made the Bored Apes richer in this Forkast explainer.
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More than US$500 mln of crypto longs liquidated so far this week
At least US$516 million worth of long positions in cryptocurrencies have been liquidated this week, according to data from Coinglass. See related article: Bitcoin long positions worth $1.5 billion liquidated amid crypto crash Fast facts The crypto liquidation comes as the Nasdaq closed at its lowest since late 2020. Bitcoin accounted for more than US$142…
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Almost 60% of Bitcoin mining now on sustainable energy: BMC
The Bitcoin Mining Council, a voluntary forum of cryptocurrency mining companies supported by Michael Saylor’s MicroStrategy Inc., said its latest quarterly survey showed the global Bitcoin mining industry is relying more on electricity from sustainable sources. See related article: Can Ethereum’s proof-of-stake transition save the planet? Fast facts The global Bitcoin mining industry had a…