The unprecedented current economic situation seems to increasingly prove numerous analysts’ predictions and forecasts of market behavior wrong. Let’s take a look at what is happening at the macroeconomic level and how it affects the crypto market. As you may recall, the emergence of Bitcoin (and therefore all cryptocurrencies) was a response to the financial…

According to anonymous sources, Meta (ex-Facebook) appears to be looking to pull the pin on its Diem/Novi crypto project, with company representatives searching for a buyer for its intellectual property. After three years of development and a raft of changes to its name, scope, leadership, and purpose, it seems like Meta’s trouble stablecoin project may…

OpenSea, the leading NFT marketplace, is reportedly preparing to feature NFTs on the Solana (SOL) blockchain soon. With NFTs hosting over $17.5 billion cumulatively, the addition of Solana-based NFTs to Opensea might explode it furthermore. Screenshots shared by Jane Manchun Wong, a prolific hacker who has leaked several yet-to-launch features of tech platforms, indicate this,…

Why this downturn is different from 2018. Michael J. Casey, CoinDesk’s Chief Content Officer, shared his opinion in Money Reimagined, a weekly look at the technological, economic, and social events and trends that are redefining our relationship with money and transforming the global financial system. When token markets plunged in 2018 following the initial coin…

Cryptocurrency exchange FTX US has raised $400 million in its first funding round from investors, including Japan’s SoftBank Group Corp and Singapore’s Temasek Holdings, reaching the market value at $8 billion. The investment gives FTX US a valuation of $8 billion, placing it among the world’s most valuable private crypto firms. Investors in the round…

Bank of America analysts said in a report that a central bank digital currency (CBDC) would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not a commercial bank. Analysts suggest that the United States is moving toward creating its own CBDC. According to a Bloomberg report, Bank…