volume

ZKSwap to incorporate NFT protocol ZKBox in V3

The NFT market has grown to over $2.5 billion in the second quarter of 2021 from $13.7 million in the first half of 2020. According to the 30-day data recorded by dappradar.com, OpenSea alone captured a volume of $1.564 billion. Users who use, mint, and trade NFTs on the Layer2 Ethereum network face the challenges of high costs and illiquidity due to their uniqueness and desirability on a blockchain with a limited capacity. ZKSwap and ZKBox’s partnership ZKBox is a Layer2 NFT platform based on the ZK-Rollups technology. The ZKSwap

Memenopoly Announces Strategic Partnership with Babylons NFT

Atlanta, United States / August 21, 2021 / Memenopoly, a new coming of age gaming NFT solution, has announced a strategic partnership with the first community-owned NFT marketplace Babylon. The partnership would allow Meme-themed Memenopoly NFTs to be auctioned on Babylons NFT marketplace. Memenopoly is a yield generating blockchain “play to earn” game. The platform aims to bring the next evolution of gamified yield generation, leveraging the power of NFTs to reward players and farmers. Memenpoly has made the game of Monopoly more interesting, offering earning opportunities with an NFT

The NFT Avatar Trend Is About Community

Have you heard? NFTs are hot again. The media (both crypto media and mainstream media) declared NFTs dead in June, citing data that showed sales volume had dropped precipitously at the largest NFT sites. But now the market for blockchain-based digital collectibles has come roaring back (along with the price of Ethereum), especially one segment of the NFT boom that probably looks particularly bizarre to skeptical onlookers: cartoon animal collections. Pudgy Penguins hit $11 million in daily sales volume. Bored Apes hit a floor (the cheapest price for one NFT)

Bitcoin (BTC) Rebounds, Aims to Reclaim $51,000

Bitcoin (BTC) continues its uptrend and reclaimed its 200-day moving average (MA) yesterday. If the trend continues, it could lead to the long-term resistance area at $51,000.Sponsored Sponsored Looking further out, a Wyckoff distribution pattern is possible, which would take BTC to the support area at $37,300. Bitcoin rebounds After printing a gravestone doji candlestick on Aug 18, BTC rose almost 5% to close at $46,765. On Aug 20, BTC continued on its upward trajectory and is attempting to break through the previous peak at $48,150 from Aug 14. Yesterday’s

Chainlink (LINK) Continues Rally After Reclaiming Long-Term Support

In the previous weeks, Chainlink (LINK) reversed its downtrend and reclaimed the long-term support area near $24.10. If the altcoin maintains its strong momentum, it could see a strong upward move in the second half of August.Sponsored Sponsored LINK long-term movement Chainlink recorded the all-time high at $53 on May 10, 2021. Almost on the same day, a deeper correction in the crypto market began. LINK in a two-week period lost 72% of its value, measured to a low of $15 on May 23. It later tested this support area

Cardano v. other alts: This combination could fetch traders a higher RoI

Bitcoin has desperately been trying to climb above the $48k mark since 14 August, but has been unable to do so. In fact, the king coin was trading at $47.2k at the time of writing. Most of the market’s alts have also followed Bitcoin’s scepticism and managed to fetch only single-digit returns to their HODLers over the past day. However, a couple of alts from the top 35 list managed to fare better than the broader market. Terra’s (LUNA) value, for instance, has appreciated by 31.1% in the past 24-hours

Individual Investors Responsible for Crypto Resurgence, Says Analyst

The resurgence of cryptocurrencies like Bitcoin, Ether and Dogecoin in the past few weeks is largely due to renewed interest from individual retail investors.Sponsored Sponsored Bitcoin reached above $48,500 on August 14, the highest it has been since May 16. This price point means a gain of 290% year-on-year, which came to 644% for Ether and 1,431% for newly minted third place Cardano. Meanwhile, meme-crypto Dogecoin is up 9,157 year-on-year, according to CoinGecko data. However, behind the recent moves is a resurgence in interest from individual retail investors. According to

Shark Tank’s Kevin O’ Leary Partners With FTX in Ambassador Role

Kevin O’Leary, investor and co-host of Shark Tank, announced yesterday his new partnership with the powerhouse crypto exchange FTX. Sponsored Sponsored In the announcement, O’Leary and FTX stated they’re in for a long-term investment and spokesperson relationship. It will center around equity stake in both FTX Trading Ltd. and West Realm Shires Services Inc., as well as O’Leary acting as an ambassador for the exchange.  The ambassadorship is a multi-year deal in which the investor will promote FTX and its accompanying brands to his international audience. For his services as an

Tether (USDT) cash equivalents have increased to 85%, company reveals

Tether Holdings Limited, the company behind the world’s largest stablecoin by market cap, revealed more details about its reserves in an assurance opinion by Moore Cayman, an audit services provider, which concluded that the information in the company’s Consolidated Reserves Report (CRR) is accurate.Tether’s reserves “The group’s consolidated assets exceed its consolidated liabilities,” according to the independent accountant’s report, which reviewed Tether’s latest CRR and determined that the issuer met its reserve obligations for the period that ended on June 30, 2021.“The group’s reserves held for its digital assets issued exceeds