Cryptocurrency has remained one of the most popular commodities in the market. The investors’ interest in this commodity has increased because of the recent fluctuations in its market. The decline in the crypto market’s value is due to the global recession resulting from the Russia-Ukraine conflict. As the war raged, the value of crypto fell suddenly, causing a loss of billions of dollars.
The Federal Reserve has clearly hinted last week about its plan to increase interest rates to bring the strong inflation under control. Amid such a hawkish stand by the Fed, JPMorgan advises investors to focus on valuations and ignore the short-term direction.
There is no denying that nonfungible tokens (NFTs) have taken a hit in recent months. Market conditions have plunged, scams and hacks are frequent, and there is an increasing number of low-quality projects, pushing many to question the value of NFTs and their place in Web3 altogether.
It is no secret that the crypto market was taken aback after the 19 August sell-off. Market skeptics continue to warn about the dire conditions in the macro scenario.
The U.S Federal Bureau of Investigation (FBI) has issued a fresh warning for investors in decentralized finance (DeFi) platforms, which have been targeted with $1.6 billion in exploits in 2022.
Ethereum layer 2 solution, Arbitrum is looking to rediscover its lost mojo in the crypto market. The roll-up solution is about to undergo a major Nitro upgrade which is scheduled for next week. But Arbitrum is already seeing a huge uptick in daily transactions as it crossed 180,000 again this week.