Author: Crypto Insider

After a tremendous August surge of $4 billion in sales volume on the leading NFT marketplace OpenSea, recent data indicate a metaphoric return from heaven to earth. Over the last week, the sales volume has dropped by almost 50%. The bearish trend saw across the crypto markets on the last week also has affected NFT…

Breaking crypto news from the last week (4 – 10 Sept. 2021): 4 Sept.: Bloomberg’s senior commodity strategist Mike McGlone argues that Bitcoin is gradually becoming a global reserve asset that complements the US dollar. According to a Bloomberg report, digital assets like Bitcoin and Ethereum are on the way to new highs. 5 Sept.:…

Diem, the digital currency and global payment system project of Facebook, seemingly can’t cope with its struggle with financial regulators. The payment project has been facing difficulties with senior legislators in the Biden administration. Despite the whole might of the lobbying power of the social media giant, the project of Facebook stablecoin hasn’t been able…

French professional soccer club Paris Saint-Germain (PSG) has announced a new three-year deal that will see digital asset trading platform Crypto.com become the club’s first official crypto platform partner. French outlet L’Equipe via Get French Football News report that PSG will receive €25 million – €30 million over a three-year contract. Negotiations had begun with…

Upcoming Cardano’s upgrade aims to bring in the network new abilities like smart contracts and non-fungible tokens (NFTs), as well as “programmability,” as per founder Charles Hoskinson. However, it could take several months before DeFi protocols come to the mainnet due to a lack of concurrency and tools. Cardano’s big “Alonzo” upgrade rolls out on…

Bitcoin prices have been doing well lately, while other major cryptocurrencies are outshining Bitcoin with their performance. According to CoinDesk price data, Ether, the second-largest crypto asset by market cap, more than doubled in recent months, while Cardano’s ADA token tripled by the same time. That’s why some investors are wondering whether Bitcoin is still…