Cryptoverse: Electric ether leaps on verge of Merge

Cryptoverse: Electric ether leaps on verge of Merge

It looks like ethereum’s mega-upgrade is happening. Finally. After years of delays, the “Merge” seems all but certain to take place in September, with the cryptography underlying the blockchain undergoing a radical shift to a system where the creation of new ether tokens becomes far less energy-intensive. “It’s an exciting time for the ethereum ecosystem,” […]

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Crypto derivatives volumes surge to .12 trillion in July: Crypto Compare

Crypto derivatives volumes surge to $3.12 trillion in July: Crypto Compare

Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash. The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes […]

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Cryptoverse: Blockchain bridges fall into troubled waters

Cryptoverse: Blockchain bridges fall into troubled waters

Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from U.S. crypto firm Nomad last week, it was the seventh hack of 2022 to target an increasingly important cog in the crypto machine: Blockchain “bridges” – strings of code that help move crypto coins between different applications. […]

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Cryptoverse: The bonfire of the NFTs

Cryptoverse: The bonfire of the NFTs

The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, plunged to $700 million […]

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Cryptoverse: The funds making moolah from messy markets

Cryptoverse: The funds making moolah from messy markets

The crypto market’s a hot mess, leaving many investors struggling to turn a buck. Enter the arbitrageurs. Bitcoin and other cryptocurrencies have either been shackled to ranges or in decline since January, leaving your regular buy-and-hold investor with little option but to sell or to wait for the elusive rally. One class of seasoned investors […]

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Cryptoverse: The funds making moolah from messy markets

Cryptoverse: The early birds betting bitcoin’s bottoming out

As the crypto winter creeps into June, the first signs of a thaw are emerging. Some investors are now betting that bitcoin is bottoming out, judging by the money heading into listed cryptocurrency funds, which represent just a slice of the market yet are popular among institutional and retail players alike. Overall flows into such […]

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Cryptoverse: Is the end of the bitcoin winter night?

Cryptoverse: Is the end of the bitcoin winter night?

The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Bitcoin’s limited history isn’t much of a guide on crypto winters, […]

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Cryptoverse: Stablecoins wend wobbly way into the unknown

Cryptoverse: Stablecoins wend wobbly way into the unknown

Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey. Tether, USDC and others lost their prized pegs to the dollar last week in a bout of market mayhem that shook faith in these coins that were designed to sidestep crypto volatility. But was it an isolated outburst, or are they losing their […]

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