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High-profile NFT sales have dominated the headlines, but the deeper analysis shows that most NFTs are worthless and that the market is highly illiquid.
Mysten Labs' engineers formerly created the blockchain network on Facebook's Diem and Novi crypto projects.
Ether price is stuck in a rut, but derivatives data shows pro traders are bullish even with ETH below $3,000.
Efforts to expand Bitcoin’s functionality for payments, smart contracts and Web 3.0 are well underway, opening the door to wider mainstream adoption.
"We’ve got a lot of casinos here in the Wild West, and the poker chip is these stablecoins at the casino gaming tables," said Gary Gensler.
The technical analysis tool is popular amongst crypto traders hopeful of securing an insight in the markets psyche.
The government agency hinted at possible additional sanctions for "financial institutions, cyber insurance firms, and companies involved in digital forensics and incident response" that facilitated ransomware payments.
The bearish setup positions Ethereum price to extend the decline toward $2,000.
Ether’s impressive YTD gains have largely been overshadowed by the profits accrued by other smart contract-enabled projects.
“I am actively working with my attorneys on a way to return to South Africa as soon as possible so I can address this matter and get it behind me once and for all,” said Riccardo Spagni.
