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Market Analysis

Crypto Phenomenon Axie Infinity Records $800,000,000 in Revenue in Just 30 Days

  • Post author:Auto News Feed
  • Post published:August 31, 2021
  • Post category:Market News

Play-to-earn game Axie Infinity (AXS) has generated $800 million in revenue in a single month, highlighting the surging popularity of games based on non-fungible tokens (NFTs). The online game developed…

Continue ReadingCrypto Phenomenon Axie Infinity Records $800,000,000 in Revenue in Just 30 Days
Read more about the article Bitcoin-Friendly Robinhood May Have to Abandon Main Revenue Stream

Bitcoin-Friendly Robinhood May Have to Abandon Main Revenue Stream

  • Post author:Auto News Feed
  • Post published:August 31, 2021
  • Post category:Market News

Executives at stock and crypto trading app Robinhood have vowed to diversify its revenue sources in the coming months and expand its appeal to cryptocurrency users. Better get on that.…

Continue ReadingBitcoin-Friendly Robinhood May Have to Abandon Main Revenue Stream
Read more about the article Three Arrows Capital Bets Big on Ethereum NFTs With ‘Starry Night’ Fund

Three Arrows Capital Bets Big on Ethereum NFTs With ‘Starry Night’ Fund

  • Post author:Auto News Feed
  • Post published:August 31, 2021
  • Post category:Market News

The NFT market has surged since late July, and the rising prices for top collections like Art Blocks and CryptoPunks, as well as soaring trading volume across the board, suggests…

Continue ReadingThree Arrows Capital Bets Big on Ethereum NFTs With ‘Starry Night’ Fund
Read more about the article Venezuela Man Fakes His Own Kidnapping, Steals $1 Million in Bitcoin: Police

Venezuela Man Fakes His Own Kidnapping, Steals $1 Million in Bitcoin: Police

  • Post author:Auto News Feed
  • Post published:August 31, 2021
  • Post category:Market News

Venezuela is a global leader in cryptocurrency adoption, according to recent data—but it may also be a leader in creative criminals looking for ways to steal Bitcoin. Just days ago,…

Continue ReadingVenezuela Man Fakes His Own Kidnapping, Steals $1 Million in Bitcoin: Police
Read more about the article Celo, Aave, Curve, Sushi Launch $100 Million Defi Initiative

Celo, Aave, Curve, Sushi Launch $100 Million Defi Initiative

  • Post author:Auto News Feed
  • Post published:August 31, 2021
  • Post category:Market News

Celo is a relatively new blockchain project that aims to bring cryptocurrency tools to every person with a smartphone, especially those who have trouble accessing bank accounts. But who needs…

Continue ReadingCelo, Aave, Curve, Sushi Launch $100 Million Defi Initiative
Read more about the article How NFT Giant OpenSea’s $3 Billion Month Compares to Amazon, eBay and Etsy

How NFT Giant OpenSea’s $3 Billion Month Compares to Amazon, eBay and Etsy

  • Post author:Auto News Feed
  • Post published:August 31, 2021
  • Post category:Market News

Leading NFT marketplace OpenSea has exploded in popularity this month. Last night, the site surpassed the mark of $3 billion of transaction volume on Ethereum within August alone, per Dune…

Continue ReadingHow NFT Giant OpenSea’s $3 Billion Month Compares to Amazon, eBay and Etsy
Read more about the article Billionaire John Paulson Warns Cryptocurrencies Will Be Worthless, Bitcoin Too Volatile to Short

Billionaire John Paulson Warns Cryptocurrencies Will Be Worthless, Bitcoin Too Volatile to Short

  • Post author:Auto News Feed
  • Post published:August 31, 2021
  • Post category:Market News

Billionaire hedge fund manager John Paulson, famed for making a fortune betting against the U.S. housing market, says that cryptocurrencies are a bubble that will prove to be “worthless.” While…

Continue ReadingBillionaire John Paulson Warns Cryptocurrencies Will Be Worthless, Bitcoin Too Volatile to Short
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