Price analysis 12/16: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX

Opensea’s dominance begins to waiverNonfungible token (NFT) marketplace Opensea has seen its competitors chomping at its ankles this year as they gain market share — turning the market from a “monopoly” into an “oligopoly," a new report states.  Binance Market Pulse released on Oct. 20 says there has been a slow and steady change in…

Amid global market mayhem, several major Bitcoin (BTC) and crypto insurance funds are showing signs of severe strain. As of March 13, Bitcoin derivatives exchange Deribit recorded a shocking slide in the balance of its Bitcoin insurance fund, down from 391 BTC to 183 BTC (-53%) within a span of three days.Deribit Bitcoin insurance fund balance.…

House Representative Suzan DelBene, introducing the latest iteration of the bill, said the United States needs to "ensure that our tax code evolves with our use of virtual currency." 145 Total views 3 Total shares A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under…

Celsius reportedly onboarded attorneys to find different solutions to the current financial challenges that the company is facing. 962 Total views 6 Total shares Crypto lending platform Celsius Network (CEL) has onboarded restructuring lawyers from Akin Gump Strauss Hauer & Feld to find potential solutions to the firm's financial woes. The firm is reportedly looking for…

"It's business as usual," Nansen wrote in evaluating Binance's data. It appears that withdrawals from crypto exchange Binance have largely subsided after its $4.3 billion settlement with the U.S. Department of Justice last week. Data from blockchain analytics firm Nansen shows that Binance witnessed a net inflow of $87.4 million in Ethereum token deposits in the

The “Dogefather” may greenlight Dogecoin as an acceptable payment method for Tesla vehicles. 1697 Total views 12 Total shares Tesla CEO Elon Musk has stirred the proverbial “doges' nest” once again with another tweet about the quintessential meme coin, Dogecoin (DOGE). Tweeting on Tuesday, Musk ran a Twitter poll asking respondents whether they want Tesla…

NFTs, like the rest of crypto, felt the influence of bad actors and market manipulators in 2022. Those launched after the start of the crypto winter did better. 218 Total views 4 Total shares Own this piece of history Collect this article as an NFTA survey of 81 nonfungible token (NFT) collections on the Ethereum…

CULedger, a credit union service organization (CUSO)-owned blockchain consortium, has joined enterprise software firm R3’s global blockchain ecosystem. The partnership was officially revealed in a press release published Dec. 13.Based in Denver, Colorado, CULedger reportedly delivers blockchain applications to credit unions and their members, using the technology to mitigate cybersecurity and fraud risks, as well…