Breaking: JPMorgan Closes Uniswap (UNI) Founder’s Accounts
Most Central Banks loathe cryptyocurrency because it takes many of the pitfalls associated with fiat currencies. These entities work in the shadows and do everything to throw a spanner into the smooth working of Blockchain technology.
Is the cryptocurrency market about to enter a period of prolonged bearish phase? The largest Swiss Bank, UBS, has warned of apocalyptic crypto winter, and the prices are poised to crash, reports news.bitcoin.com. The Bank also gave an eerie warning that the prices would not recover for years.
The phenomenal rise of Non-Fungible Token (NFT) trading volume on OpenSea could be one culprit contributing to the tanking price of Ether (ETH). Data from Etherscan shows that in the past few weeks, OpenSea has been unloading thousands of ETH on the market.
Undeniably the past year resembled a roller coaster ride for worldwide crypto enthusiasts but in the end, the usual giants (Bitcoin and Ethereum) came out as winners. The pandemic situation has favoured the crypto market more than any other external factor in the past few years. It has given rise to several regulated and high-performance derivatives exchanges like BitYard exchange.
Solana’s native cryptocurrency SOL has tanked another 6% today slipping under $90 as the Solana blockchain continues to face major network congestion issues. SOL has been in a free-fall during this broader crypto market rout and has corrected nearly 60% from its all-time high in November 2021.
Fantom (FTM) is the next big daddy in the list of Ethereum-competitors. Recently Fantom has toppled giants like Avalanche and Solana in terms of DeFi total-value-locked (TVL) which has now crossed $12.3 billion as per data from DeFiLlama.