Antonio Juliano steps down as CEO of dYdX
The decentralized exchange is now led by Ivo Crnkovic-Rubsamen, a former trader and dYdX chief strategy officer.
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Nvidia triples revenue forecast for crypto mining GPU sales
The California chipmaker says Q1 financials for fiscal 2022 are on track to surpass initial estimates with demand for crypto mining graphics cards on the rise. 2941 Total views 8 Total shares Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022.The…

Coinbase Wallet rolls out support for NFTs
Nonfungible tokens took the crypto market by storm this year, with sales expected to reach almost $18 billion by the end of 2021. 395 Total views 24 Total shares United States crypto exchange Coinbase has made new upgrades to its self-custody wallet, including adding support for nonfungible tokens, or NFTs, in a move that could…

Grayscale tops $50 billion: ‘Will soon pass world’s largest commodity ETF’
Grayscale continues to grow, passing $50 billion. That's equivalent to the world’s second-largest commodity ETF. 942 Total views 13 Total shares Major U.S. asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale's AUM is creeping ever closer to the $57 billion holdings of the largest commodity…

Crypto seen as the ‘future of money’ in inflation-mired countries
Last year, cryptocurrencies reached a “tipping point,” according to Gemini’s 2022 Global State of Crypto report, “evolving from what many considered a niche investment into an established asset class.” According to the report, 41% of crypto owners surveyed globally purchased crypto for the first time in 2021, including more than half of crypto owners in Brazil…

Crypto derivatives exchange FTX launches futures on 2021 Olympics
Will they or won't they happen? Amid debates over how safe the Olympic games can be in 2021, cryptocurrency traders can now bet on the likelihood of their eventual go-head. 1292 Total views 8 Total shares Cryptocurrency derivatives exchange FTX has created a new, specialized futures contract for traders to bet on the likelihood of…

Nifty News: Olympic NFT pins and games, world’s first intelligent NFT and more
Playboy, the lifestyle and entertainment brand famous for its distinctive logo — among other things, has launched its first collection of five animated NFTs, on a new NFT market placed dubbed “Raretoshi” which is backed by Blockstream’s Liquid sidechain. The NFTs were unveiled during the lead up to the 2021 Bitcoin Miami conference on June…

FTX seeks $175M settlement with Genesis entities to resolve dispute
However, FTX creditors express discontent and urge the Official Committee of Unsecured Creditors of FTX (UCC) to contest the agreement. 272 Total views 2 Total shares FTX, the troubled cryptocurrency exchange, and its CEO John J. Ray III have filed a motion seeking to reach a settlement of $176 million with Genesis entities. As per a…

Interview: Is the stock-to-flow model flawed?
According to crypto analytic firm ByteTree, the popular stock-to-flow model is not a reliable indicator for Bitcoin’s long term price action. 1492 Total views 15 Total shares The stock-to-flow model is flawed, says Charlie Morris, co-founder and CIO of crypto data firm ByteTree. According to the popular theory developed by quantitative analyst Plan B, Bitcoin’s capped…