Why bitcoin and many crypto assets are falling – Nairametrics


On Wednesday morning, rising U.S bond yields weighed heavily on bitcoin and many other crypto assets as they traded lower. Investors are reducing their appetite for risk, which has hit the most speculative sectors the hardest. Government bonds, which are traditionally considered safe-haven investments, are also falling as yields rise. Even so, bitcoin’s spot trading … Read more

Polygon can now burn MATIC with the introduction of Ethereum’s EIP-1559 upgrade – Nairametrics


The Ethereum upgrade that introduced a burning mechanism on the Ethereum blockchain in August last year has launched on the layer-two scaling network Polygon. Ethereum’s EIP-1559 upgrade is part of the London hard fork that got installed last summer and it has been a success in terms of gas price predictability and network fee burning. … Read more

OpenSea sets new record as it surpasses $3.5 billion in monthly trading volume – Nairametrics


The world’s largest Non-Fungible token (NFT) marketplace, OpenSea, has seen its monthly trade volume in Ether (ETH) exceed $3.5 billion for the first time ever, with just two weeks left in January 2022. According to data from Dune Analytics, OpenSea has now surpassed the all-time high of $3.42 billion set in August 2021 to establish … Read more