Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
Multicoin Capital’s hedge fund suffered a significant loss of 91.4% in 2022, according to an investor letter viewed by CoinDesk. The hedge fund’s poor performance was attributed to the tumultuous year for cryptocurrencies, as well as the direct and indirect impact from the collapse of crypto exchange FTX. The annual investor letter explained that while […]
Uniswap (UNI) Mobile Wallet Launches in Limited Release for This Reason
Uniswap Launches Mobile Wallet in Limited Release Due to Apple Restrictions Uniswap, the decentralized finance (DeFi) platform, has introduced its mobile wallet, a completely self-custodial, open-source mobile application that allows users to trade tokens on the go. However, the wallet is currently only available as a limited early release through Apple TestFlight, as the platform […]
BTC Consolidates Recent Losses to Start the Weekend
Bitcoin and Ethereum Technical Analysis: BTC Consolidates Recent Losses to Start the Weekend The recent sell-off in the cryptocurrency markets came to a temporary halt as bitcoin (BTC) and ethereum (ETH) marginally stabilized on March 4, 2021. Bitcoin fell to a two-week low on Friday, but the weekend session saw a slight shift in the […]
PawSwap (PAW) Market Cap Soars After Recent Manifold Listings: Details
PawSwap (PAW) Market Cap Soars After Recent Manifold Listings: Details PawSwap, the upcoming multi-chain decentralized crypto exchange on Shibarium, has recently gained significant attention in the crypto community due to its rapid growth in market capitalization and trading volume. The native PAW token of PawSwap has spiked exponentially and become one of the most sought-after […]
USD/CAD lower later in H2 with Loonie underperforming non-USD G10 FX – MUFG
The Canadian Dollar (CAD) had a strong showing in February, emerging as the third best performing currency amongst the G10 currencies. However, according to economists at MUFG Bank, this outperformance will be short-lived, and the CAD is likely to underperform against other non-USD G10 currencies later in the year. In the near term though, the […]
CSPR price jumped 16% but will it go on?
Casper Network’s CSPR price recently experienced a surge of 16% following support from the 50 EMA. However, the question on everyone’s mind is whether the price will continue its upward trend. In this article, we will analyze the CSPR price trend and provide insights into its potential future movements. Casper Network is a layer 1 […]
Crude oil sinks on reports UAE could leave OPEC
The UAE and the OPEC Dilemma – What’s Happening? According to a recent report from the Wall Street Journal, the United Arab Emirates (UAE) has been considering the possibility of withdrawing from the Organization of the Petroleum Exporting Countries (OPEC). This comes at a time when crude oil prices are falling sharply, and the UAE […]
India’s Central Bank Digital Currency Will Act as Alternative to Cryptocurrency, Says RBI Official
India’s Central Bank Digital Currency (CBDC) will be an alternative to cryptocurrency, according to a senior official at the Reserve Bank of India (RBI). The announcement was made by Ajay Kumar Choudhary, Executive Director of the RBI, during a recent interview with CNBC-TV18. He explained that the digital rupee must have all the characteristics of […]
USD Index Price Analysis: Further consolidation in the pipeline
dollar’s downtrend is persisting in the market this week with the US Dollar Index (DXY) breaking below the long-term support level of 90.00. Although it surged on Thursday, the DXY failed to hold onto its gains, surrendering a part of its advance on Friday as the currency pair’s bullish momentum faded. At the start of […]
Arthur Hayes vows his family office Maelstrom will ‘f— some s— up’
Arthur Hayes, co-founder of Bitmex exchange, recently declared in a LinkedIn post that he’s ready to go public about his family office, Maelstrom. The family office focuses on investing in cool and innovative crypto and digital assets, according to their website. Their home page features the tagline “we are entropy,” suggesting they are specialists in […]