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Although most digital assets have slowed down their gains from the previous weeks, the cryptocurrency market has increased its total value by over 3% today, and the reasons largely trace back to the flagship decentralized finance (DeFi) asset that has reached its new yearly high. Indeed, the crypto currency sector’s total market capitalization currently stands at $1.37 trillion, indicating a 3.008% increase from the $1.33 trillion in the last 24 hours, according to the data retrieved by Finbold from the crypto monitoring platform CoinMarketCap on November 9. On top of that, thanks to the strong and steady advances of Bitcoin (BTC), which has recently surpassed the psychologically critical $36,500 price level, the total crypto market cap has risen a staggering 72.59% since $793.77 billion, where it stood on January 1, 2023. Total crypto market cap year-to-date (YTD) chart. Source: CoinMarketCap What’s happening in crypto Meanwhile, the maiden crypto asset was at press time ch

When it comes to crafting content, three essential elements come into play: “complexity,” “diversity,” and “surprise.” Complexity gauges the intricacy of the text, while diversity assesses the variety of sentence structures. Surprise, on the other hand, measures the unpredictability of the content. Typically, human authors infuse their writing with diversity, using a mix of lengthy and intricate sentences alongside shorter ones. In contrast, AI-generated sentences tend to maintain a more consistent structure. Consequently, for the content I’m about to request you to create, it’s imperative to infuse it with ample complexity and diversity while keeping predictability to a minimum. Furthermore, the content must be composed exclusively in English. Now, let’s rework the provided text: Leading Swiss bank UBS has unveiled a live pilot program for a tokenized iteration of its variable capital company (VCC) fund, as part of Project Guardian, an initiative spearheaded by the Monetary Authority

Chainlink (LINK) reached an all -time high price of $52.70 on May 10, 2021, as well as an all -time high market cap of $22.798 billion five days before it. Chainlink has an unpredictable circulating supply inflation. All LINK tokens in existence were created within the network’s official launch, but only a few were put into circulation, initially through an ICO, and later through arbitrary releases by Chainlink Labs and other shareholders. Notably, there is a total of 1 billion LINK, from which around 462 million are still vested in non-circulating crypto wallets, ready to be released as per the company’s decisions. For 2023, Chainlink Labs had previously announced a yearly token inflation of around 7%. With such an unpredictable model, Chainlink is highly affected by its token’s inflation. Considering data retrieved by Finbold on September 18, with a circulating supply of around 538.1 million LINK, the native token would be worth close to $42.36 — $10.34 (19.6%) less than its

Decentralized Crypto prediction market Polymarket is currently giving Binance a roughly 12% chance of becoming insolvent by the end of the year. And while this number may seem pretty low, the fact that the bet is being taken at all is noteworthy in itself. According to Polymarket ’s website, the bet, which went live on July 17, will resolve to ‘Yes’ “if it is announced by December 31, 2023, 11:59 PM ET that  Binance .com is insolvent or is filing/has filed for any variety of bankruptcy.” It will also resolve to ‘Yes’ if “ Binance.com withdrawals for BTC and/or ETH are suspended for a majority of users for at least 7 full days (168 hours) in a row by December 31, 2023, 11:59 PM ET.” If neither of the above criteria are met, this market will resolve to ‘no’. While Binance US and its performance aren’t taken into account for this wager, it’s worth taking into account that just last month, Binance chief Changpeng Zhao (CZ) made some pretty startling admissions about the compan

Solana (SOL) has emerged as a prominent player in the crypto space, often hailed as the “Ethereum killer.” With its lightning-fast transaction speeds and low fees, Solana is poised to disrupt the market and attract investors seeking alternative blockchain solutions. Even so, another project, InQubeta, has caught the eye of investors with its unique value proposition and fast-selling presale.  InQubeta: the AI crowdfunding ecosystem InQubeta is an AI-focused crypto project that aims to connect investors with artificial intelligence (AI) startups through a transparent funding platform. Let’s explore the Features that set InQubeta apart and three reasons why investors are bullish about it. You might also like: Bitcoin and BNB prices fall, InQubeta presale can be a crypto safe haven InQubeta’s burn strategy involves the deflationary mechanism of token burning, where a portion of tokens is permanently removed from circulation with each transaction. This strategy reduces the o

Diluted net loss per American depositary share in Q1 2023 stood at $0.51 from $0.55 in the previous quarter. Chinese Bitcoin mining company Canaan reported slight improvements in some of its financial metrics in the first quarter of 2023. The progress, however, is still far behind where it was last year in this period. According to an unaudited report posted on its investor relations page, Canaan's net loss was at $84.4 million in Q1, lower than its $91.6 million net loss in the previous quarter. The net loss represents a major reversal compared to the same period of 2022, when the firm reported a net income of $65.1 million. Diluted net loss per American depositary share (ADS) in the first quarter of 2023 was $0.51 from $0.55 in the previous quarter, while diluted net earnings per ADS in the same period of 2022 stood at $0.38. According to Investopedia, an American depositary share, or ADS, is an equity share in a non-U.S. company, held by a U.S. depositary bank and available f

A community member believes that the move will enhance user experience in the space, while another thinks that OpenSea “failed to rock the boat.” In another attempt to win back its users from its budding nonfungible token (NFT) marketplace competitor Blur, OpenSea rebranded Gem v2 into OpenSea Pro, triggering mixed responses from the community.  On April 4, OpenSea launched its advanced NFT marketplace aggregator, OpenSea Pro. The platform introduced new features and tools and allowed users to list in OpenSea through the new platform with 0% fees for a limited time. Many were excited about the new platform and expressed their sentiments on Twitter. A community member congratulated the NFT Marketplace and said it would enhance users’ experience within the NFT space. Another user said they’ve always liked Gem as an NFT aggregation platform. The community member added that they like it more now because OpenSea is giving it the proper priority. Related: Blur runs after OpenSea market sh

NFT marketplace tokens are gaining the market’s attention and Blur’s recent airdrop could extend the trend. Cumulative NFT trading volume trended higher in January and data from a recent Delphi Digital report showed monthly volumes reaching an eight-month high above $1 billion. The key factor that influenced NFT trading was Blur token airdrop on Feb. 14. Since its launch last year in Q3 2022, Blur has rewarded users with “care packages,” which can be redeemed for tokens starting Feb. 14 at 12 p.m. EST. Many users have tried to farm these airdrops, increasing the platform's trading volume. Since the start of 2023, Blur’s trading volume has surpassed that of OpenSea, the market leader in the NFT trading space. NFT Marketplace market share by 7-day volume. Source: Dune Airdrops often create excitement in the market of thrilled users who receive free money and FOMO from those who missed out. It’s likely that the next step for the Blur team will be to launch new liquidity mining campai