Sign In

Day: May 22, 2022

Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform

Aversion to risk remains as volatility returns to stocks and cryptos. Bitcoin (BTC) traded in a choppy range over the past week as volatility ticked higher. That could reflect uncertainty among crypto traders. BTC was down by 3% over the past 24 hours and is roughly flat over the past week. Meanwhile, several alternative cryptos …

Market Wrap: Cryptos Decline Amid Choppy Trading, DeFi Tokens Underperform Read More »

Web3, NFTs, Metaverse: The tools for a truly decentralized future

If the crypto community can successfully decentralize the internet, “it’s a future really worth getting excited about,” said NFT3 founder Dylan Dewdney. Attendees to the BlockDown Croatia 2022 festival were witness to Cointelegraph’s discussions around sociopolitics of the Web3 ecosystem, nonfungible tokens (NFT) and the Metaverse. It turns out that ongoing innovations across the crypto ecosystem …

Web3, NFTs, Metaverse: The tools for a truly decentralized future Read More »

Tech stocks are mired in their longest weekly losing streak since dot-com bust

KEY POINTS The Nasdaq dropped 3.8% this week, notching its seventh straight weekly drop. It’s the tech-heavy index’s longest weekly losing streak since 2001 during the dot-com bust. The Nasdaq is 29% off its record reached in November, while the S&P 500 briefly fell into bear market territory on Friday, down 20% from its high. …

Tech stocks are mired in their longest weekly losing streak since dot-com bust Read More »

LUNA and UST Crash Could Have Been Averted if Bitcoin Reserves were Used Earlier, Binance CEO Says

The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according to Binance CEO Changpeng Zhao (CZ). Sharing his insights on the Binance website, CZ noted: “The Terra team was slow in using their reserves to …

LUNA and UST Crash Could Have Been Averted if Bitcoin Reserves were Used Earlier, Binance CEO Says Read More »

Sony Announces Metaverse Push in Latest Annual Corporate Strategy Meeting

Sony, the global electronics giant, has announced it will take a more focused approach when it comes to metaverse experiences as part of its entertainment strategy. The company that owns the Playstation brand revealed that prior investments in Epic, makers of the Fortnite game, and Bungie, another gaming studio, are part of this new push. …

Sony Announces Metaverse Push in Latest Annual Corporate Strategy Meeting Read More »