Gala Games said the unusual activity of its pGALA token was actually part of efforts to safeguard it from potential attack.
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NFTs still in ‘great demand’ as unique traders rise 18% in Oct: DappRadar
A DappRadar report found that despite a fall in NFT trading volumes and sales counts throughout October, monthly unique traders increased.
NFTs still in ‘great demand’ as unique traders rise 18% in Oct: DappRadar
A DappRadar report found that despite a fall in NFT trading volumes and sales counts throughout October, monthly unique traders increased.
NFTs still in ‘great demand’ as unique traders rise 18% in Oct: DappRadar
October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.”
According to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in October reached 1.11 million, increasing 18% from September, of approximately 950,000.
This is despite trading volumes falling 30% to $662 million in October, the lowest registered in 2022, while the sales count decreased by 30% to 6.13 million, the firm said, adding:
“The rise in the unique traders’ count indicates that new people are entering the NFT market, and it is still in great demand.”
Number of monthly unique NFT traders (millions). Source: DappRadarThe month was a busy one for the NFT community.
You have our swords: 12 independent entities pledge legal support for Ripple
The evidence is mounting as “friends of the court” line up in support of Ripple Labs.
Coinbase transaction revenues plummet 44% as users activity declines in Q3
While poor market conditions have resulted in revenues falling for the crypto exchange in Q3, its effort to reduce expenses has led to some streamlining.
South Korean prosecutors accuse Do Kwon of manipulating Terra's price
A local report from South Korea claims that the country's prosecutors have obtained evidence to suggest Terraform Labs co-founder Do Kwon had onceordered an employee to manipulate the price of Terra Luna Classic (LUNC).
A report by Korean Broadcasting System (KBS) on Nov. 3 quotes an official from the South Korean Prosecutors Office, who said they have obtained a "conversation history" in which "CEO Kwon specifically ordered price manipulation."
The reported evidence came in the form of a "messenger conversation" between Kwon and a former Terraform Labs employee. Prosecutors did not disclose further details, noting:
“I can’t reveal details, but it was a conversation history where CEO Kwon specifically ordered price manipulation.”
While the exact details of the price manipulation remain undisclosed, the price action of Terra’s LUNC (formerly LUNA) during the last bull market was undoubtedly one of the most impressive across all cryptocurrencies.
South Korean prosecutors accuse Do Kwon of manipulating Terra's price
Prosecutors have reportedly secured a "messenger conversation" in which Kwon ordered an employee to manipulate Terra's market price.
South Korean prosecutors accuse Do Kwon of manipulating Terra's price
Prosecutors have reportedly secured a "messenger conversation" in which Kwon ordered an employee to manipulate Terra's market price.
Canada to examine crypto, stablecoins, and CBDCs in new budget
Canada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation.
Digital asset platform Bakkt set to acquire Apex Crypto for $200M
The company said this acquisition is expected to diversify and bolster Bakkt’s revenue as it scales its offerings.
UBS AG launches digital bond settled on blockchain and traditional exchanges
With atomic settlement technology, the company said its digital bond settles through the SIX Digital Exchange (SDX), not requiring a central clearing counterparty.
Traditional firms likely won't be leading the charge in the next generation of Web3 games — WAX CEO
“I actually think the first big games that have multimillion persistent users daily — those will come from new startup studios," said William Quigley.
Santander UK limits crypto transactions for its customers
Users will be restricted to a £1,000 limit per transaction, and a total limit of £3,000 a month.
Santander UK limits crypto transactions for its customers
Users will be restricted to a £1,000 limit per transaction, and a total limit of £3,000 a month.
The crypto market bottom is ‘almost in’ — Market Talks chats with trader Korean Jew Crypto
On this week’s episode of Market Talks, we welcome Jake, also known as “Korean Jew Crypto” on Twitter and the founder of “The Trading Dojo,” a platform that provides quality coaching and education to help traders identify profitable trades on their own.
The wide reaching interview covered KJ’s take on how to trade the Federal Open Markets Committee and Consumer Price Index events, along with his views on how Federal Reserve policy is impacting crypto prices.
According to KJ:
“In regards to what Powell said, and the way the news cycle has been, a few weeks ago I was adamant that something has changed. I was quite bearish and expecting a support break for BTC, ETH and everything else. We got the dip on Friday that swept everyone out of the tight range but it was immediately bought back…Bullard from the Fed had some bullish things to say and we reclaimed the support and held on with nice volume, as well as in stocks. I said to my friends and the dojo, something is different. That was supposed to breakdown but there were buyers there. The market just feels very different.”
When asked about whether or not Dogecoin’s (DOGE) recent 100%+ pump is a one-off or a sign of a wider trend change, KJ said:
The crypto market bottom is ‘almost in’ — Market Talks chats with trader Korean Jew Crypto
Market Talks discussed the Bitcoin bottom, DOGE’s price action and signs to follow in order to know when it’s time to ape into crypto.
What will Crypto Twitter look like post-acquisition? Blockchain executives share their insights
Many stakeholders expressed a desire to see more decentralization on the quintessential social media platform for the blockchain industry.
Bitcoin’s $20K support looks weak, but pro traders are neutrally positioned
New data shows how pro traders are positioned as BTC price continues to encounter resistance at $21,000.
Bitcoin’s $20K support looks weak, but pro traders are neutrally positioned
Bitcoin (BTC) has been lingering above $20,000 for the past nine days, but worsening conditions from traditional markets are causing traders to doubt if the support will hold.
On Nov. 3, the Bank of England raised interest rates by 75 basis points to 3%, its largest single hike since 1989. The risks of a prolonged recession also increased as the Monetary Policy Committee struggled to contain inflationary pressure.
The U.K. monetary authority noted that its most recent growth and inflation projections present a “very challenging” outlook for the economy. The statement from the committee added that “high energy prices and tighter financial conditions weigh on spending,” thus negatively pressuring the employment data.
The U.S. Federal Reserve also hiked interest rates on Nov. 2, the fourth consecutive raise, which brings rates to the highest levels since January 2008. The confirmation of a conservative approach from central banks can partially explain why Bitcoin failed to break the $21,000 resistance on Oct. 29 and has since declined by 4.5%.
Let’s take a look at derivatives metrics to better understand how professional traders are positioned in the current market conditions.
