Markets

Markets

Markets

Bitcoin Back on the Defensive as Moderna CEO Warns of Reduced Vaccine Efficacy, Exchange Inflows Eyed

Bitcoin slipped 2.5%, hitting lows of under $56,000, while the futures tied to the S&P 500 declined by 1.2%.

coronavirus vaccine (Pixabay)

Markets

DeFi Protocol Omicron’s Token Jumps 10-Fold After Namesake COVID Variant Emerges

OMIC’s surge is perhaps an evidence of peak irrationality.

OMIC's price rallies on Nov. 29 as WHO names new COVID variant as Omicron (Crypto.com)

Finance

El Salvador compra otros 100 bitcoins tras una caída del mercado de criptomonedas

El presidente del país centroamericano, Nayib Bukele, dijo en un tuit que adquirió la mayor criptomoneda con “un descuento”.

El Salvador President Nayib Bukele

Markets

Goldman Says Fed May Accelerate Tapering in January: Report

The new projection means the asset purchase program would end in March.

Federal Reserve building (Paul Brady Photography/Shutterstock)

Markets

Bitcoin Slips to $55K as Renewed COVID Concerns Jolt Traditional Markets

The cryptocurrency appeared set for a breakout above $60,000 after Thursday’s rise, but COVID fears played spoilsport.

Bitcoin drops below $58,000 on Nov. 26 amid growing covid fears (CoinDesk, highcharts.com)

Markets

Bearish Sentiment Grips Bitcoin Ahead of $3B Options Expiry

Bitcoin’s put options become pricier amid Fed rate hike fears.

Bitcoin: November expiry options open interest (Deribit)

Markets

Metaverse Platform The Sandbox’s SAND Token Surges 25% After Adidas Teases Partnership

SAND has rallied over 600% since Facebook’s rebrand as Meta.

Sandbox's metaverse

Markets

Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip

A single tether is supposed to be worth $1 or rupees 74.37 as per the current dollar-rupee exchange rate.

Tether crash and recovery on Indian exchanges (WazirX)

Markets

Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B

The Singapore-based firm QCP now trades more than $1B of crypto options per month using decentralized financial applications, including $1 million worth of AAVE options recently with Ribbon Finance.

Traders have never seen anything like the cryptocurrency options trading happening these days in decentralized finance. (Thomas Shotter Boys, 1842/Art Institute of Chicago, modified by CoinDesk)

Markets

Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela

As they have in the Philippines, some players are making enough money to feed their families.

Bolívar Avenue in Maturín, the city in Venezuela where Axie player Juan Tirado lives. (Cesar Pérez via Wikipedia)