Uncertainty in crypto cycles from Memecoins & NFTs
A new memecoin craze is raising Ethereum transaction fees, but it’s also bringing new liquidity in for non-fungible tokens.
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Weekly Market Wrap: Can Bitcoin float above US$27,500 after sinking below US$30,000?
Bitcoin fell to US$28,000 in the same week the European Parliament passed its landmark crypto framework. Industry analysts told Forkast that holding US$27,500 will be crucial for Bitcoin in order to spark an upward momentum.
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Abu Dhabi calls for feedback on proposed legal framework for decentralized economy: CoinDesk
The UAE’s registration authority of Abu Dhabi Global Market is seeking feedback on its proposed legislative framework for distributed ledger technology, which will focus on disclosures, liquidation, and governance structures, according to a report by CoinDesk
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Bitcoin’s mempool congestion eases after millionth Ordinals inscription
Mempool congestion issues subsided after the Bitcoin network surpassed 1 million Ordinals inscriptions.
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Bitcoin, Ether decline; equities fall amid U.S.-China tension
Bitcoin and Ether fell by the end of Asian trading hours on Friday afternoon, together with all top 10 non-stablecoin cryptocurrencies by market capitalization apart from the BNB token. Asian equities declined along with U.S. futures, amid mounting political pressure between China and the U.S. Fast facts See related article: EU green lights MICA but…
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Sotheby’s to auction off NFTs owned by defunct hedge fund Three Arrows Capital
Leading auction house Sotheby’s said it will sell NFT artworks owned by the bankrupt crypto hedge fund Three Arrows Capital.
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Bitcoin mining difficulty rises 1.7% to record high, hashrate jumps
Bitcoin’s mining difficulty level rose 1.72% on Thursday to a record high, while the network’s hashrate increased, showing miners are applying more computing power.
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Bitcoin falls to near US$28,000, Ether flat, U.S. equities slide on rate hike worries
Bitcoin fell to near US$28,000 on Friday morning in Asia, with Ether trading flat and most other top 10 non-stablecoin tokens losing steam.
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EU Parliament approves its first crypto regulation MiCA
The European Parliament has approved the Markets in Crypto-Assets Act (MiCA), a legislation aimed at standardizing regulations and establishing harmonized rules for crypto assets across the European Union
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From billionaire to Montenegro jail: The rapid rise and fall of Terra chief Do Kwon
South Korea’s Do Kwon went from a poster boy of digital finance as a co-founder of the US$40 billion Singapore-based Terraform Labs to a fugitive on Interpol’s wanted list, all in a matter of several rollercoaster years. He’s now in a Montenegro jail where he may face more time in detention as the U.S. and…