This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
Share Dialog
Share Dialog
Due to the ongoing BendDAO NFT liquidity crisis, NFT marketplaces are feeling the rippling effects from it. OpenSea, arguably the most popular NFT marketplace, has seen a 99% drop in trading volume, from its' last highest volume set back on May 1st. Volumes this low might suggest a looming NFT bubble about to burst with users' interest waning in digital collectibles, coupled with Ethereum's prices dropping in parallel.
All of us who own NFT's have felt the pinch here. I've lost an estimated 80% peak value across my NFT portfolio. However, what I've been getting into recently is free minting! There are plenty of projects out there that are looking to mint for free, in order to gain popularity afterwards. A great place to start looking is on NFT Mint Radar, where there's a calendar of free mints. As always, exercise caution when minting anything. Some projects might seem valid, but can employ rug pulls easily. Check their Twitter/Discord accounts to make sure they are on the up and up!
Written by: nikethereum.eth / Medium / Mirror
Due to the ongoing BendDAO NFT liquidity crisis, NFT marketplaces are feeling the rippling effects from it. OpenSea, arguably the most popular NFT marketplace, has seen a 99% drop in trading volume, from its' last highest volume set back on May 1st. Volumes this low might suggest a looming NFT bubble about to burst with users' interest waning in digital collectibles, coupled with Ethereum's prices dropping in parallel.
All of us who own NFT's have felt the pinch here. I've lost an estimated 80% peak value across my NFT portfolio. However, what I've been getting into recently is free minting! There are plenty of projects out there that are looking to mint for free, in order to gain popularity afterwards. A great place to start looking is on NFT Mint Radar, where there's a calendar of free mints. As always, exercise caution when minting anything. Some projects might seem valid, but can employ rug pulls easily. Check their Twitter/Discord accounts to make sure they are on the up and up!
Written by: nikethereum.eth / Medium / Mirror
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