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Nonfungible tokens have largely been acquired as proof-of-profile pictures (PFPs) that represent a brand, embody culture or ultimately, reflect as a static status symbol. Blue-chip NFTs like Bored Ape Yacht Club or Cool Cats were not originally backed by any tangible utility other than speculative value and hype, along with the promise of an illustrative

BTC is struggling to hold on to the $40,000 level, but a few analysts say cryptocurrencies might decouple from equities in the coming months.

“DAOs are very powerful token-based coordination mechanism that any person now can wield outside of the legacy financial system”, said Silke Noa, core-member of the AssangeDAO, which recently raised $53 million in support of Wikileak’s founder, Julian Assange.  According to Noa, the fundraising campaign was “a huge success” that showed how the power of a DAO

Recent research shows that decentralized exchanges that distribute tokens via airdrops see a big boost in user numbers and transactions. But, is building communities this way just crypto’s version of printing money? Airdrops — the disbursal of free tokens to early users as a way of rewarding and building momentum — have been around for

Bitcoin (BTC) fell through $40,000 as Wall Street opened on Feb. 18 with analysts watching lower levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin falls to two-week lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD teasing a $40,000 breakdown throughout Feb. 18, with several attempts seeing bounces higher before the level finally gave

Morgan Stanley’s wealth management global investment office has published a report on Ethereum (ETH) arguing that the blockchain’s dominance could dwindle if strong market competition emerges. The investment banking giant’s report is titled “Cryptocurrency 201: What Is Ethereum?” and it provides a detailed rundown of the ecosystem along with its advantages and disadvantages in relation

Social networking titan Twitter says it is expanding the crypto assets and payments platforms compatible with its new tipping feature. In a new announcement, Twitter tells its 6,900,000 followers that it will now be incorporating wallet addresses associated with top altcoin Ethereum (ETH) into its tipping feature. The social media giant says it will also

Crypto analyst Justin Bennett is analyzing recent chart action for the top two crypto assets, naming the levels they must reach to confirm bullish breakouts. In the latest issue of his Cryptocademy newsletter, Bennett says that as long as Bitcoin (BTC) can hold the $40,000 support level, then reaching $50,000 is possible for the leading

The president of a top-US crypto exchange says Bitcoin’s (BTC) market share dominance is not guaranteed in the future. In a new interview with CNBC’s Squawk Box, FTX.US president Brett Harrison says altcoins like Ethereum (ETH) and Solana (SOL) are eating into BTC’s share of the pie. According to Harrison, the trend of Bitcoin’s dominance over the crypto market