Market News
Welcome to CoinEdition’s page for Market News! On this page, we’ll talk about all the latest developments in the cryptocurrency and blockchain market. CoinEdition ensures that you, our readers, are up to date with Market News happening 24/7 and from all over the globe. Market News, by definition, is important because these developments can quite literally affect the state of the market and thus your investments. Therefore, it is our responsibility at CoinEdition to compile all the Market News for posterity’s sake and for the sake of your investments. Therefore, grab your Press Releases and Announcements, and let’s dive into the shaky but exciting world of Market News here at CoinEdition.
CryptoPunks 5822 is the Most Expensive NFT Ever Sold, Reports Nansen
Blockchain analytics platform Nansen’s latest report reveals that CryptoPunks 5822 which was sold for a whopping $23.4 Million, is the most expensive NFT ever. CryptoPunks has ruled the list of...
Youtuber Crypto Capital Venture Says Crypto Is About to Bottom
CryptoYouTuber Dan Gambardello, aka Crypto Capital Venture, warned that crypto is about to bottom. In one of the youtuber’s recent YouTube videos, he stated that the cryptomarket is within 30...
Canada’s Province Pauses Electric Connection for Crypto Mining
Canada’s province, British Columbia has paused new electricity connection requests from crypto miners for 18 months. The move is taken with the aim of supporting British Columbia’s climate action and...
CZ Ranked as the Most Influential Crypto Personality in 2022
The crypto news platform, WhaleChart’s official Twitter account held a poll to determine who has been the most influential person in the crypto industry in 2022. The poll had four...
LINK’s Active Sending Addresses Reach an All-Time High
One of the cryptocurrencies in the green for the day so far is Chainlink (LINK). The crypto market tracking website CoinMarketCap reveals that LINK is currently trading at $5.97 after...
Data Shows People Remain Enthusiastic About Crypto in Bear Market
Although the global crypto market has experienced some of the worst events this year, data shows people are still enthusiastic about the Web3 industry and are far from losing interest....
Intercept, Vox Media & Others To Return Grants By Sam Bankman-Fried
Major media companies have recently announced the return of the grants they received from FTX founder and CEO, Sam Bankman-Fried after the US Justice Department files charges against the bankrupt...
Shiba Inu Leader Shytoshi Kusama Apologizes for Misleading Countdown
Shytoshi Kusama, Shiba Inu’s project leader, released an apology to the community after a mysterious timer posted on its website seemed to disappoint the community. Many in the SHIB community...
ApeCoin (APE) Surpasses Algorand in Market Capitalization
As per the data from CoinMarketCap, ApeCoin (APE) surpasses Algorand (ALGO) in terms of market capitalization. At the time of publication, APE’s market capitalization was $1,286,579,460. ALGO is just $9...
Crypto Becomes Escape Amidst Rapidly Rising Global Inflation Rates
Crypto yield farmer and YouTuber Patrick, also known as @Dynamo_Patrick, posted on his official Twitter account with over 25k followers, the list of countries where inflation is off the roof....
Ethereum (ETH) Is Number One on Lunarcrush’s Top Ten List
LunarCrush the social intelligence platform for cryptos, NFTs and stocks, tweeted its top 10 list of coins by LunarCrush Galaxy Score over the past year. According to the tweet by...
Coins in DCG’s Portfolio Have Seen Significant Price Drops
A tweet made yesterday by the blockchain analysis firm, Santiment, shows that coins in the Digital Currency Group (DCG) owned by Barry Silbert, have plummeted hard in recent days. According...
Coingecko Delists 40% of Cryptocurrencies Listed During 2021 Bull Market
Jameson Lopp, Co Founder of Casa shared CoinGecko’s Head of Growth, Julia Ng’s report on the cryptocurrencies that collapsed after being listed on CoinGecko. As per Julia’s report, 3,322 cryptocurrencies...
Shiba Inu (SHIB) Price Drops By 7% After Huge Whale Transaction
Lookonchain took to Twitter early on December 20 to announce that a whale has recently transferred 200 billion Shiba Inu (SHIB), which is worth about $1.67 million, to Crypto.com. A...
Sam Bankman-Fried Being Extradited To US on Conditions for Bail
FTX founder Sam Bankman-Fried reportedly agreed to be extradited to the U.S. on Monday after a court appearance in the Bahamas. As of today, he has been indicted in Manhattan...
Analysis Claims Binance Report Is ‘Black Box,’ Speculations Arise
Today, a global media house, Reuters, released a special report claiming that one of the largest crypto exchanges, Binance’s financial books, is a “black box.” Conducting an analysis, the media...
USDC Liquidity on Uniswap Has Just Reached a 2-Year Low
Despite the latest turmoil in the crypto markets, the three biggest stablecoins have been able to maintain their peg to the US Dollar, according to the crypto market tracking website,...
951 Digital Coins Out of 8,000 Marked ‘Dead’: States CoinGecko
According to the reports by the independent data aggregator, CoinGecko, the number of dead cryptocurrencies in 2022 dropped 300% from 2021. Though more than 8,000 digital currencies were enlisted on...
Nearly 15% of Total Crypto Assets Withdrawn by Investors in November
The collapse of FTX resulted in the largest-ever outflow of bitcoin from crypto exchanges, with investors withdrawing nearly $1.5 billion. After facing a liquidity crunch, the ensnared exchange filed for...
Crypto Addresses Depositing Stablecoins Soars to Record Levels
According to blockchain analytics company CryptoQuant, the number of currency addresses depositing Stablecoins on derivative exchanges has reached a record high (ATH). This increase happened despite the consumer price index’s...
FTX Collapse Effect; One Time Crypto Fans Now Leaving the Industry
The FTX collapse had a dire effect on the crypto industry and crypto fans alike, as many one-time fans are now leaving the industry. The year has been the toughest...
Binance Coin (BNB) Up While DOGE, BTC, and ETH Experience Losses
The global crypto market cap has declined 0.50% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. At press time, the total crypto market cap stands...
Solana Has Lost 97% Of Developers Since January 2022, 75 Left
Crypto Twitter influencer, NekoZ tweeted about the blockchain platform, Solana’s active decline in the number of developers. The tweet specifies that Solana has lost 97% of its total number of...
JP Morgan Buys a 48.5% Stake in Viva Wallet for Over $800 M
The American multinational investment bank, JP Morgan has reportedly sealed a deal to buy about 48.5% stake in Viva Wallet for more than $800 million. As per reports, the stake...
Ray Youssef Acknowledges African Crypto Growth as a Revolution
Ray Youssef, the CEO, and co-founder of the peer-to-peer crypto trading platform, Paxful, tweeted in response to the Certified Investment Trader from Nigeria, Olumide Adesina’s post on Africa’s high records on crypto...
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