Bitcoin price, sagging volumes, and potential NFT marketplace will be top of mind for Wall Street.Crypto exchange Coinbase will report fourth-quarter earnings Thursday, revealing to Wall Street exactly how the firm navigated the recent drawdown in bitcoin's price and whether the current macro uncertainty will put pressure on its share price.
A wide range of stocks exposed to crypto fell sharply over the course of the fourth quarter, including MicroStrategy, Square , and Silvergate. Block is also reporting earnings on Thursday.
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NFT Sales and Floor Prices Slump Amid Broader Crypto Market DeclineThe wider crypto market rout has hurt NFT sales as the floor prices for the top-ranked NFT collection continue to plummet. Good good.
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Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims – Mining Bitcoin NewsCrypto mining businesses have taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. Kazakhstan is gradually pushing miners away from their nation, from the energy crisis they had earlier, now electricity shortage and proposed tax hike. It'll definitely hurt their economy, but the fact is they import electricity from Russia so they can't possibly handle mining Because lack of electricity supply and tax hikes.
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Unknown Wallets Moved $30 Million Worth of XRP Before Major Market PlungeICYMI: large wallets move significant volumes of $XRP amid market drawdown XRP BabyDoge
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Crypto Market Capitalization Slumps to $1.5T as Russia Attacks UkraineThe 9% slide in crypto market capitalization sparked by Russia's action in Ukraine shows the sector remains a nascent asset class compared with traditional markets, analysts said. By shauryamalwa
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