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0 CommentsKeith J. Fernandez writes on Gulf News Focus about understanding the risks and rewards of cryptocurrencies. Cryptocurrencies have made millionaires of ordinary people. But even as investors flock to digital tokens in record numbers, so too has there been a corresponding rise in crypto scams and thefts. There were 116,139 addresses belonging to declared Bitcoin…
Bitcoin (BTC) and other major cryptocurrencies have tracked the volatility and broader market declines seen so far in 2022. But the pressure could be short-lived, according to at least one pundit, with a handful of temporary factors driving the latest pullback for digital currencies. “It always is uncomfortable when the market goes down, but I…
Halsey Minor, CEO of the NFT publishing platform provider Vivid Labs, says that NFTs, however multimedia-rich they may be, “can be more valuable if connected to real-world products.” The industry will need to have dynamic NFTs, he claimed. In an interview with Cointelegraph, he noted a distinction between NFT creators that “sell media” like a…
In a recent interesting report, the Financial Stability Board argues that cryptocurrency markets are evolving at a rate that could pose a threat to global financial stability, writes Nikolaos Akkizidis from LegacyFX. The three main reasons for this assessment are: Their scale. Their structural vulnerabilities. The increasing interconnectedness with the traditional financial system. Also, the…
According to a PricewaterhouseCoopers (PwC) report, the total value of crypto-related mergers and acquisitions (M&A) rose to $55 billion in 2021 versus $1.1 billion a year earlier. The average deal size has more than tripled since 2020 to $179.7 million, while the total value of crypto fundraising deals climbed by 645%. The US led in…
Future and current decentralized projects need to consider utility and ease of accessibility in order for DeFi to survive the unpredictable volatility of the market. It has arguably never been easier to participate in the crypto ecosystem. After centralized exchange powerhouse Coinbase recently began allowing its users to deposit part of their fiat paychecks into…
