Author Archives: Bitcoinist

21Shares Introduces Digital Currency Staking ETP On BX Swiss Exchange

21Shares recently announced its operation on the local stock exchange known as BX Swiss. This event recently occurred as the company released a digital currency staking index that primarily tracks about 10 Proof-of-Stake (PoS) cryptocurrencies. Primarily, 21Shares specializes in creating and managing exchange-traded products (ETPs) that track the value of various cryptocurrencies. A few examples are Bitcoin[Read more…]

Shiba Inu Gets Another Boost As Robinhood Launches Wallet

Shiba Inu has been seeing a major upside since the crypto market began its recovery rally, but there may be more in store for the altcoin. A major update from the crypto and stock trading platform has once again put the meme coin in the spotlight and provided another boost for it. Robinhood Wallet Will[Read more…]

Cardano Is The Most Loved Crypto In This Part Of The World, Study Reveals

The Cardano blockchain and its community have been building a close relationship with Africa, and the results are paying off. According to a report from Coin Kick-off, this cryptocurrency is the most loved in the region. The report used data from social media platforms and analyzed it with Artificial Intelligence (AI) to rank cryptocurrencies according to users’ sentiments.[Read more…]

Litecoin Continues To Show Strength, Overtakes Solana In Market Cap

Litecoin’s continued strength in recent days has seen the coin become the 15th largest crypto by market cap, unseating Solana from the spot. Litecoin Observes Strong Week, Gains Over 9% During The Period The last couple of weeks have been terrible for most of the crypto market, as the crash triggered by FTX’s collapse has[Read more…]

Solana NFT Protocol Metaplex Undergoes Company-Wide Layoffs After FTX Disaster

The Solana ecosystem continues to take the hardest of hits following the implosion of FTX which used to be one of the world’s largest cryptocurrency exchange platforms. Its native token, SOL, gravely suffers as the altcoin has already lost 62% of its value over the last two weeks. According to tracking from Coingecko, the crypto asset which now[Read more…]

FTX Contagion Spreads – Will ETHE And Grayscale Bitcoin Trust Share Same Fate As FTT?

The sudden decline of FTX has created a devastating effect on the entire Bitcoin and crypto market. Panic shorting of digital assets is the order of the day, with Solana taking a massive hit as many investors dumped the coin. FTT, the native crypto asset of FTX, has lost almost all its investor value. Most[Read more…]

Bitcoin, Ethereum, Other Crypto Down After Alleged Russian Missile Hit Poland

Bitcoin and Ether fell together with the majority of the top 10 cryptocurrencies by market capitalization on Wednesday morning, following reports that Russian missiles killed two people in Poland. According to Reuters, paramedics claimed that two individuals were killed in an eastern Polish village near the Ukrainian border. Other news reports disclose the casualties were caused by what[Read more…]

Crypto Lender BlockFi Prepares To Go Belly Up Amid FTX Bankruptcy

BlockFi, a cryptocurrency platform offering multiple financial products like low-interest loans and a crypto rewards credit card, could become the latest casualty following the FTX collapse that continues to hurt the entire cryptocurrency market. Although the company initially denied having most of its assets in the cryptocurrency exchange, management has now admitted having significant exposure to[Read more…]

Sino Global Capital Regrets Investing In FTX After Losing A Major Sum

The crypto industry is witnessing another crisis with the distress of one of the top crypto exchanges in the space, FTX. More firms with exposure and collaborations with the exchange have started experiencing some constraints in their various activities. Following the fall of FTX, the founder and CEO of the company, Sam Bankman-Fried (SBF), has[Read more…]

NFTs In A Nutshell: A Weekly Review

Move aside, traditional playmakers in NFTs. The buzz this past week wasn’t with Ethereum or Solana powered NFTs, but rather with new emerging players. That’s right, we saw some ‘unusual suspects’ with blockchains like Cardano and Aptos making noise in the NFT space this past week. We’ll review those, as well as some of the[Read more…]