MicroStrategy is a publicly traded business intelligence and enterprise analytics software company founded in 1989 and headquartered in Tysons Corner, Virginia. The firm provides a range of software and services for data management and analysis and has become widely known for its involvement in the cryptocurrency market. MicroStrategy offers a variety of products and services …
Lido Finance has overtaken MakerDAO as the highest TVL in DeFi by $0.05 billion. For many years, MakerDAO has had the largest DeFi TVL; however, the Ethereum merge has significantly benefited Lido. Lido’s overtaking signals growth despite the ongoing crypto winter, sending the LDO coin soaring. The Ethereum merge in September seems to have greatly …
The relationship between two different assets is measured via the correlation coefficient. This results in a range between 1 and -1, with a positive 1 being a direct pricing relationship and a negative 1 being an inverse correlation. After moving as high as 0.84 on 19 November, the correlation coefficient of Bitcoin (BTC) to the …
Bitcoin Returns to a Negative Correlation With the USD Read More »
In a recent announcement, PancakeSwap’s developers proposed migrating the platform from the BNB chain to the Aptos Mainnet. The Aptos Blockchain is an easy-to-use and secure infrastructure that has been gaining traction in the crypto space. PancakeSwap’s migration would allow both projects to take advantage of the new customer bases that would be available. PancakeSwap …
BlockFi has become the latest company to fall victim to the contagion black hole stemming from the fall of FTX. After FTX filed for bankruptcy earlier this November, BlockFi announced that it was suspending withdrawals amid the ongoing crisis. Just days after the crypto lender’s announcement, BlockFi has been forced to file for chapter 11 …
Litecoin (LTC) diverged from the broader market in November. While Bitcoin (BTC) and Ethereum (ETH) are down 21.53% and 24.92%, respectively, in the past month, Litecoin has risen 30.50% in the same time frame. In addition, it had an enormous run in its pairing against Ethereum. Litecoin is a decentralized, open-source payment system that allows …
LTC Encounters Turbulence After Diverging From Market in November Read More »
Although millions of dollars seem to be wiped out every week, starting with the collapse of Terra Luna in June and, most recently, FTX, many investors appear to be looking towards regulation, which some see as a light at the end of the tunnel. As a result, the overall crypto outlook appears to remain positive. …
Positive Crypto Outlook Despite Negative Headwinds Read More »
As the overall cryptocurrency market looks to recover from the FTX fiasco that has affected almost the entire market, the contagion risk remains on everyone’s mind. The total crypto market capitalization has dropped to under $800 billion, and the fear that more companies will fall victim to the liquidity black hole created by the fall …
Contagion Fears Slam Digital Currency Group and Their Grayscale Bitcoin Trust (GBTC) Read More »
Bill Ackman is the founder and CEO of hedge fund management company Pershing Square Capital Management and one of the most well-known names in the traditional finance space. As the world looks to move forward and regain confidence in the cryptocurrency industry after the FTX disaster that has been tearing apart the crypto community for …
The latest firm to feel the effects of the implosion of FTX is Genesis. The lending arm of the crypto investment bank Genesis Global Trading announced the decision to halt withdrawals and pause new loan originations and redemptions. On 16 November, the institutional crypto lender explained that it would “temporarily suspend redemptions and new loan …
Genesis Halts Withdrawals After ‘Unprecedented Market Turmoil’ Read More »
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