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Cryptocurrency
Weakening dollar spells good news for risk assets, including Bitcoin
August 09, 2023 01:54 AM AEST| By InvezzEver since its status as the global reserve currency was cemented at the Bretton-Woods conference in the latter stages of World War II, the US dollar has ruled all before it. Last year, as economies around the globe reeled from an inflation crisis no...
What caused Yield Guild Games (YGG) to crash after the 600% surge?
August 08, 2023 08:28 PM AEST| By InvezzThe Yield Guild Games (YGG) token surged by 600% and hit a high of $0.9254 at 3:35 PM (GMT+3) but dipped immediately after. The token price has crashed to $0.36 in less than 24 hours and there are no signs of a recovery any time soon. But why have th...
Cardano (ADA) whale accumulation hits 1-year high following heightened activity
August 08, 2023 06:24 PM AEST| By InvezzCryptocurrency players concentrate on Cardano as the overall market exhibits a consolidating mode. On-chain data shows the 8th largest digital coin could witness massive momentum soon as sharks and whales load their bags. Whales anticipate surges in...
PayPal launches US dollar stablecoin PYUSD
August 07, 2023 11:53 PM AEST| By InvezzPayPal (NASDAQ: PYPL) has today announced a US dollar-backed stablecoin dubbed PayPal USD (PYUSD). According to a press release the payments giant published on Monday, PayPal USD will be issued by Paxos Trust Co., the company that issued the disconti...
Shiba Memu defies risk-off mood as presale raises $1.6M, but should you buy?
August 07, 2023 10:52 PM AEST| By InvezzShiba Memu, a new revolutionary and meme crypto project, has raised more than $1.638 million in presale. The project has generated waves since launching the presale due to its AI angle. Shiba Memu will use AI to market itself and deliver utility to i...
Shiba Inu’s upcoming releases designed to enhance offerings & functionalities
August 07, 2023 08:58 PM AEST| By InvezzThe meme coin project Shiba Inu awaits multiple game-changing projects, including Shibarium, Treat Token, SHI Stablecoin, ShibaSwap 2.0, and ShibaNet, designed to enhance its offerings and functionalities. The new features will amplify user engagemen...
Curve Finance announces $1.85M public bounty to unmask DeFi exploiter
August 07, 2023 06:42 PM AEST| By InvezzDecentralized finance (DeFi) protocol Curve Finance (CRV) has revealed a massive bounty hunt, offering a staggering $1.85 million reward to anyone identifying the hacker who stole more than $61 million from the network on 30 July. Curve Finance exten...
What’s happening to Huobi? $64M in outflows over the weekend
August 07, 2023 04:45 PM AEST| By InvezzOne of the biggest cryptocurrency exchanges, Huobi, experienced massive outflows of $64 million over the weekend, impacting its overall value over the long term. DeFiLlama data shows that in just one month, the exchange’s TVL decreased from $3...
Hedera’s Hashgraph association invests in WiseKey’s subsidiary
August 07, 2023 04:28 PM AEST| By InvezzHashgraph Association (THA), the developer of Hedera Hashgraph, invested in WISe.ART, a subsidiary of WiseKey International, a publicly-traded company. In a statement, WiseKey said that the funds will be used to accelerate the broad adoption of Heder...
Coinbase transaction volume down 70%, signaling prolonged crypto winter
August 07, 2023 03:58 AM AEST| By InvezzWhile Bitcoin price flourished this year, gaining 74% since January, the broad cryptocurrency market remains deteriorated compared to 2022. Coinbase published its second-quarter earnings on Thursday, revealing plunged volumes. The exchange had its co...
Shiba Memu generates fresh buzz with BitMart listing
August 05, 2023 03:45 PM AEST| By InvezzShiba Memu (SHMU) has hit a new milestone in its presale and released a major announcement amid the broader market malaise. On August 3, the new artificial intelligence-powered crypto project made waves across the meme coin world with the announcemen...
Tether’s market cap hits all-time high, the great irony of DeFi
August 04, 2023 11:59 PM AEST| By InvezzDespite a strong bounceback thus far this year, the majority of cryptocurrencies are far below their peaks from the hysteria of the pandemic bull market in 2021. However, there is one notable exception: Tether. The controversial stablecoin̵...
Bridgecoin’s new lending platform allows users to defer crypto gains tax
August 04, 2023 10:39 PM AEST| By InvezzOn August 3, Bridgecoin Capital revealed a new first-of-a-kind platform to lend clients’ cryptocurrency into real estate assets. Their experienced team has been exploring ways to merge blockchain and the commercial real estate market since 2018...
Optimism (OP) price rallies as WorldCoin addresses rise, Base launch ahead
August 04, 2023 01:00 PM AEST| By InvezzOptimism (OP) price has held quite steady after bottoming at 0.878 in June this year. The token jumped to a high of $1.82, the highest level since May 18. It has risen by 94% from its lowest level in June. Coinbase to launch Base Optimism has made he...
Should you invest in Shiba Memu (SHMU) after big increase in AI engagements at AMD?
August 04, 2023 01:20 AM AEST| By InvezzArtificial intelligence has been the buzzword on the earnings calls this season. After all, it’s what has drove much of an exciting 20% year-to-date rally in the S&P 500. AI market could grow ten-fold through 2030 AI commands a valuation of...
WAGMI Games on boards top talent from established games companies
August 04, 2023 12:00 AM AEST| By InvezzThe entertainment and gaming company WAGMI Games has announced key appointments in order to transform Web3 entertainment. The mobile-first gaming company has onboarded a number of experts with backgrounds in top international gaming studios. WAGMI Ga...
Australian market regulator sues eToro over high-risk investment products
August 03, 2023 09:06 PM AEST| By InvezzIn a Thursday statement, the Australian Securities & Investment Commission (ASIC) filed charges against the renowned social trading firm eToro. The suit alleges that the platform improperly allowed multiple retail investors to trade volatile &...
How Chancer changes the betting market as presale surpasses $1M
August 03, 2023 06:43 PM AEST| By InvezzChancer is a new predictive markets application that runs on blockchain. It is the world’s first decentralised betting platform with a peer-to-peer model. With its decentralisation promise, Chancer has been tantalising, with investors angling f...
Open interest in Ethereum futures and options steadies as price retreats
August 03, 2023 03:00 PM AEST| By InvezzEthereum (ETH/USD) price has moved sideways in the past few weeks as demand for cryptocurrencies waned. Despite the weakness, the dollar value locked in the number of open Ethereum contracts has reemained steady in the past few days. Data compiled by...
Crypto venture firm KX invests in crypto startups Magic and Transak
August 02, 2023 09:39 PM AEST| By InvezzKX, a crypto venture firm, is supporting the startups Magic and Transak in an effort to make a name for itself in Thailand’s developing Web3 scene. With its young population demographics and high rates of crypto adoption—the Philippines,...
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