Trading news-Page 37
OpenSea trading volume set for record month despite crypto market retreat
The world’s leading NFT marketplace OpenSea is poised to break its own record for monthly sales on Ethereum as daily volumes are surging. OpenSea’s $2.1 billion in trading volume of nonfungible tokens (NFT) through Jan. 10 is more than half the total trading volume for the entirety of August 2021, the highest month on record. Volume reached nearly $3.5 billion in that month, according to Dune Analytics. The marketplace is currently on pace to top $6 billion in trading volume for January should the current trend continue. Current trading volume on OpenSea has been driven by the new PhantaBear collection, …
Nft / Jan. 11, 2022
German neobank N26 to launch crypto trading later this year
German neobank N26, one of the biggest European fintechs with over $9 billion in valuation, is finally ready to tackle crypto and equities trading after striving for a global expansion. Despite being an early player in the financial technology boom across Europe, the Berlin-based online bank N26’s global ambitions induced a setback in its diversification of services, N26 co-founder and co-CEO Max Tayenthal said in an FT interview. After exiting two critical fintech markets, the United States and the United Kingdom, N26 plans to “sharpen its focus on its European business” by introducing new products and services to its 7 …
Adoption / Jan. 10, 2022
Even after the pullback, this crypto trading algo’s $100 bag is now worth $20,673
Exactly one year ago, on Jan. 9, 2021, Cointelegraph launched its subscription-based data intelligence service, Markets Pro. On that day, Bitcoin (BTC) was trading at around $40,200, and today’s price of $41,800 marks a year-to-year increase of 4%. An automated testing strategy based on Markets Pro’s key indicator, the VORTECS™ Score, yielded a 20,573% return on investment over the same period. Here is what it means for retail traders like you and me. How can I get my 20,000% a year? The short answer is – you can’t. Nor can any other human. But it doesn’t mean that crypto investors …
Markets / Jan. 9, 2022
Here are the most predictable tokens of 2021 – for those who knew where to look
Digital assets’ past performance is never a guarantee of future price movement. There are never two identical situations in the crypto marketplace, so even historically similar patterns of a token’s behavior can be followed by starkly different price action charts. Still, crypto assets’ individual history of price action often rhymes, giving those who can ready this history right a massive edge over other traders. And, importantly, some tokens are much more likely than others to exhibit recurring behavior, which makes their bullish setups more recognizable ahead of time. Cointelegraph Markets Pro, a subscription-based data intelligence platform whose job is to …
Markets / Jan. 7, 2022
Here’s how Terra traders use arbitrage to profit from LUNA and bLUNA
The end of the year is normally a time to wind down and prepare for the holiday season, but the last few weeks of 2021 saw a crypto market that showed no signs of resting. One of the headline-grabbing stories related to Terra reaching an all-time high in terms of the total value locked (TVL), and the project surpassed Binance Smart Chain (BSC) as the second-largest decentralized finance blockchain after Ethereum. After reaching the $20-billion TVL mark on Dec. 24, Terra’s TVL has come down to around $19.3 billion at the time of writing according to data from Defi Llama, …
Markets / Jan. 7, 2022
‘Dip’ ‘Buy’ and ‘Fed’ top trending topics on social media, per survey
Over the past seven days, the top trending words on cryptocurrency social media are “dip”, “buy” and “Fed”. Plus, the word “sell” fell out of the top 10 trending topics last night despite spiking sharply on Tuesday. According to crypto market data aggregator Santiment, social media users from Meta to Telegram to Twitter have formed a choir and they’re all singing from the same hymn sheet. “Dip” and “buy” are the top one and three trending words, while “Fed”, or Federal Reserve, sits at number six. The behavior analysis and monitoring platform Santiment sheds light on social volumes for words …
Bitcoin / Jan. 7, 2022
GameStop shares jump 26% in after hours trade after NFT division unveiled
The share price of Reddit's cult-favorite stock GameStop Corporation (GME) jumped by one quarter (in after-hours trading following a Wall Street Journal report on its upcoming NFT division. The U.S. retail game store giant has been quietly working on an NFT marketplace since May, and ramped things up in October by listing several job openings for Web 3.0 and NFT-experienced software engineers and product marketers. According to a Jan. 6 report from the WSJ, GameStop has now hired more than 20 people to operate its freshly minted NFT unit. An unnamed source familiar with GameStop’s plans told the outlet that …
Nft / Jan. 7, 2022
Bogdanoff crypto-meme twins pass away at age 72
Raise a glass today to the twin characters behind the famous “pomp eet” cryptocurrency meme. The French television presenters died within one week of each other aged 72. According to Le Monde, the two brothers were hospitalized on Dec. 15 and transferred to the intensive care unit of a Paris hospital after contracting COVID-19. Grichka died on Dec. 28, and Igor died six days later, on Jan. 3. The twins became famous in France in the 80s, hosting a popular TV show called Temps X and selling a best-selling book called Clefs pour la science-fiction, or keys to science-fiction. Despite …
Blockchain / Jan. 4, 2022
OpenSea NFT trading volume surges as Bored Ape mania intensifies
NFT trading volumes on OpenSea are surging in January amid a renewed speculative frenzy on Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). According to data posted by “rchen8” on Dune Analytics, OpenSea has generated more than $700 million worth of trading volume since the start of 2022, with Jan. 3 being the biggest day of the year with a whopping $255.8 million worth of 24-hour volume. While popular onlookers as Wu Blockchain have asserted that the volume on Jan. 3 was a record high for OpenSea, previous data posted by rchen8 on Dune Analytics …
Nft / Jan. 4, 2022
Robinhood plans to launch beta crypto wallets in January as HOOD drops to $17
Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022. In a Wednesday blog post, Robinhood said tens of thousands of users currently on the waitlist for the trading app’s crypto wallet would have access to the beta version starting in mid-January. The trading app said more than 1.6 million people were waiting for the wallet, which will support depositing and withdrawing Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE) and other tokens. The trading app has been testing its digital wallet feature since it was first announced in September, …
Trading / Dec. 29, 2021
Argo Blockchain among most traded stocks by Fidelity customers
Financial services company Fidelity Investments’ U.K. arm reported that over the last 12 months customers were most interested in trading shares of crypto mining firm Argo Blockchain. In a Thursday report, Fidelity said Argo Blockchain ranked third among the top five stocks most actively traded by its customers in 2021 — the others were Rolls-Royce, British Airways owner International Consolidated Airlines, oil giant BP, and Lloyds Banking Group. Argo, which Fidelity described as a “trending” stock, also ranked third among stocks traded by Self-Invested Personal Pension, or SIPP, investors. However, the financial services company hinted that Argo may not make …
Trading / Dec. 23, 2021
Bakkt president Adam White announces departure from digital asset platform
Adam White, the president and founding executive of digital assets company Bakkt, is leaving the firm after three years. In a Thursday post on Twitter, White said next week would mark his departure from Bakkt, where he has served as both chief operating officer and president. White joined Bakkt after leaving Coinbase in 2018, where he worked as a vice president and general manager. The Bakkt president did not reveal what his next move would be, or whether he would continue to work in the crypto space. “I’ve loved working at intersection of crypto + markets and good to see …
Trading / Dec. 23, 2021