By now, you probably know the story of CryptoKitties by heart. The trading game pioneered non-fungible tokens (NFTs) in 2017, and buyers were eager to get in on the craze. Early on, the average CryptoKitty cost $80—but then, the NFT’s trading volume and average price dropped like a rock. Today, the average CryptoKitty is worth just $1.50.
Stories about Bitcoin ETFs are similar to the Number 38 bus: you wait outside in the cold and damp for ages and then three come along all at once.
AnChain is a new analytics startup, and it’s on a mission: to uncover dApp bots wherever they hide. During Q1 of 2019, the firm surveyed TRON’s top ten gambling dApps and found a large number of bots. Roughly 31% of surveyed accounts and 19% of transactions were bot-driven, accounting for a whopping $270 million of dApp volume.
The cryptocurrency market continues to creep sideways like Wile E. Coyote on the trail of a wabbit, across a varied landscape of gains, losses, and the occasional ACME anvil in the form of another possible ETF rejection.
Meanwhile, Bitcoin is trading back above the $8,000 level, with top altcoins such as ETH, EOS and BNB closely following.
Cosmos, Chainlink and 0x posted the largest gains at 7-9%, while Monero and IOTA have the largest loss at -2.5%
Cardano is attempting to stage a short-term upside recovery, as a much-needed rally across the broader digital currency market helped to boost the embattled cryptocurrency.
At Crypto Briefing, we spend all day with our heads buried in the crypto markets and even for us, it’s sometimes still a challenge to keep track of all the comings and goings. Today’s hot new startup can quickly become tomorrow’s deadcoin. There have been so many forks of Bitcoin and Ethereum, they could fill a cutlery drawer.
Added to this, crypto rebrands are also fairly a fairly commonplace occurrence.
DApps are only gaining traction slowly – and in some cases losing ground – but DeFi may accelerate the use of blockchain. That’s the TLDR of Dapp.com‘s Decentralized Application Trends Report for Q3 2019, released today.
Bitcoin emerged from the ashes of the global financial crisis, with the genesis block created in January, 2009. The American economy emerged from the same ashes around the same time, with GDP soaring immediately following the GFC and continuing to deliver a historically long period of expansion.
The sudden uptick in the value of XRP has left many traders and analysts scratching their heads. In what is otherwise a very quiet market at the start of the week, an 8% surge in a top-ten coin catches one’s attention.
XRP’s price had been flat-lining prior today’s move, trading within a very tight range of around $0.01 over the weekend. Things began to change in the small hours of Monday morning with a sudden surge taking the market cap up by $500M in the space of an hour.
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