join us telegram A channel to stay up to date on breaking news coverage Bitcoin price has traded down 1.3% over the past 24 hours. $42.1K 8:30 AM EST. Cathie Wood’s ARK Invest took the bearer, saying an optimal investment portfolio should hold about 20% of Bitcoin and that this allocation helps maximize the “risk-adjusted return of the portfolio.” In its 2024 Big Ideas report, ARK said Bitcoin has had a low correlation with traditional asset classes of 0.27 over the past five years, with the king of cryptocurrencies being balanced against traditional asset classes. “Bitcoin is not only a…
Author: Crypto Flexs
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Wombat Exchange Launches First Single-Sided Volatile Pool AMM in DeFi – Chainwire housenewsroomWombat Exchange Launches First Single-Sided Volatile Pool AMM in DeFi We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is…
Pixelmon’s art reveal for a $70 million NFT sale in February 2022 was described as follows: Horrible, is both hideous and delightfully ugly. Since then, the project has been trying to change its fate.By September 2022, the project had replaced its pieces, established a new leadership team, and outlined a new roadmap. Then, in October 2023, it launched Kevin the Adventurer, a casual side-scrolling game that drove the NFT project’s lowest price (suggested minimum price) from 0.35 ETH ($800) to a high of 1.85 ETH ($4,200).The latest move is an initial investment of $8 million from high-profile investors. Includes Animoca…
January was a month of growth. But it was mainly for NFT collections. ETH is up about 2% in the past month, but some top NFT collections have grown even more. For example, Nansen NFT-500 and Blue-Chip 10 recorded value increases of 9.35% and 9.76%, respectively. Current reports note that this is a sign of the NFT market maturing. One category that reported positive returns in January was social NFTs. This includes the PFP set. The Nansen Social-100 index rose 13%. But other categories were less impressive. This includes Game-50, Art-20, and Metaverse-20 at -7%, -1%, and -11%, respectively. Additionally,…
Hong Kong, Hong Kong, February 2, 2024, Chainwire Wombat Exchange, a leading multi-chain and cross-chain single-sided stablecoin swap, has announced the first single-sided volatile pool Automated Market Maker (AMM) algorithm in the decentralized finance (DeFi) space. This groundbreaking development ushers in a new era in DeFi and delivers the first oracle-free, user-friendly, single-asset deposit and capital-efficient trading environment for all asset classes, including GameFi assets. Early last month, Wombat unveiled its new Gamified Bribe Market 2.0 announcement and plans to expand GameFi through future collaborations with Animoca portfolio games. This white paper was released following the remarkable performance of Wombat…
Over the past decade, digital currencies have transformed from niche markets to global economic drivers. As cryptocurrencies gain mainstream acceptance, one project in particular is poised to revolutionize the way we think about the future of money: TorCoin. The Rise of Digital Currency Digital currency, commonly called cryptocurrency, is a type of currency that exists only in digital form. Unlike traditional currencies, digital currencies are decentralized and operate independently of central banks. The best-known example of a digital currency is Bitcoin, which was created in 2008 by an unknown person or entity using the name Satoshi Nakamoto. Since the creation…
The price of CAKE has fallen more than 30% in the past month. This occurred despite increased trading volume on PancakeSwap. CAKE, the token that powers BNB Chain’s leading decentralized exchange (DEX) PancakeSwap, is said to have lost 32% of its value since peaking at $3.6 on December 29, 2023. CoinMarketCap. At press time, the token was trading at $2.45, its lowest price in a month. This price drop comes despite a recent surge in DEX trading volume. According to data from DipilamaPancakeSwap’s trading volume in January totaled $15 billion, the highest since May 2023. As of January 31, PancakeSwap’s…
The first annual Best of BitPay celebrates all innovative merchants that accept cryptocurrency payments. Vote for your favorite sellers from now until February 29, 2023. Customers can vote for one seller per category and are free to vote once per day. Vote for your favorite BitPay merchant Submit your vote Introducing the Best of BitPay AwardsThe Best of BitPay Awards are designed to recognize and celebrate forward-thinking merchants who are integrating cryptocurrency payments into their business operations. These innovators and pioneers are leading the way in cryptocurrency payments across every industry, from travel and fashion to automotive and jewelry. Vote…
Warsaw, Poland, January 30, 2024, Chainwire Flipster, the leading trading platform for altcoin liquidity and the fastest-growing cryptocurrency derivatives platform, has finally announced its Flipster Earn Pool campaign. The trading platform, which was first unveiled in December last year, has been slow to release some highly anticipated additional news. This launch was worth the wait, as the platform promised users the chance to earn up to 10,000 USDT per day* (when launched on February 1st) in USDT held in their Flipster account. A fair criticism of Flipster as a derivatives-first platform is that it lacks options for accessing funds between…
Comedian Larry David isn’t too happy about his decision to appear in a Super Bowl commercial for bankrupt cryptocurrency exchange FTX. “I asked my friends who were knowledgeable in this field if I should do this ad. Is there something wrong with me doing this?” said David. Associated Press Jan. 30 during the premiere of the final season of “Curb Your Enthusiasm,” in which he stars. David is also known for his work on the show Seinfeld. He said it was okay for his friends to do it, and added, “It’s getting absolutely better.”“That’s why I did such a stupid…