Mid Cap Crypto Coins Lead In July, Best Way To Weather The Winter?
While the crypto market had succumbed to the winter, there are some digital assets that have refused to be dragged down with it. These cryptocurrencies putting up a harder fight than even their larger counterparts have been able to keep their heads above water. Two weeks into the new month and most assets in the space are already in the red. However, the Mid Cap cryptocurrencies have barreled in the opposite direction. Mid Cap Index Takes The Lead The July market has not been a favorable one for investors. This is evident in the red figures plastered all across the charts. Bitcoin which....
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Digital assets of The Weather Company has been acquired by data giant IBM, a company that is also invested in blockchain technology. Part of this deal sees the weather.com website, together with several other ventures, change hands. The ever popular Weather Channel is not part of this agreement, as the television network will become independent from now on. IBM will now have access to the weather dot com website, along with Intellicast, Weather Underground, and WSI. Especially that latter service is of great interest, as this platform is known for its data and private forecasting....
Solana has been gradually creeping up behind Ethereum even before the crypto winter began. The network had grown in popularity among non-fungible token (NFT) and decentralized finance (DeFi) users who had been fleeing Ethereum due to the high cost of transacting on the network. Nevertheless, Ethereum had managed to maintain its lead ahead of Solana. […]
With the growing threat of climate change, many industries need precise weather forecasting every hour. Plugin’s blockchain solution provides decentralized, verifiable weather data. Problems with existing weather information technology Weather intelligence platforms collect weather-related information from distributed radar and satellite systems. While this is useful for gathering data from remote corners of the world, it […]
Bitcoin funding rates had first fallen below the neutral level last month. Before that, the funding rates had been fluctuating at and below neutral for the longest time. This new trend has lasted longer than expected as the digital asset’s price continues to struggle. In this report, we take a look at the state of bitcoin funding rates as well as the implications if the present trend continues. Funding Rates Below Neutral When bitcoin funding rates had first fallen below neutral in June, the price of the digital asset was still trading well above $30,000. Since then though, multiple....
Workers weigh up their futures in the cryptocurrency economy as tough market conditions lead to more staff cuts at prominent firms. Bleak market prospects continue to afflict the cryptocurrency ecosystem as prominent firms face the tough reality of reducing their workforce to ensure their long-term viability. Nonfungible token (NFT) marketplace OpenSea has established itself as an industry leader in its category. Still, its own success has not been enough to weather the potential length of the so-called crypto-winter.The company announced that it would reduce its employee numbers by 20% in....