AMBCrypto

A Bloomberg report has pointed out that Binance failed to separate users’ funds from collateral. BNB appeared to react negatively to the news, as minimal loss in value was seen. On 24 January, Bloomberg published an article detailing how Binance held users’ and collateral backing some pegged tokens. Per Bloomberg, the reserves for nearly half…

Solana flipped Polygon to become the 10th largest crypto in terms of market cap. Polygon’s NFT ecosystem witnessed growth with increased trade count and new integrations. Over the last few months, there were several upsetting news stories that negatively affected the crypto industry, notably the FTX crash. However, despite this, long-term sentiments towards Polygon [MATIC]…

Polygon’s NFT OpenSea volume has achieved a new record in sales, reaching $324 million. MATIC showed signs of recovery and some of its metrics looked positive.  This new year brought good news for Polygon [MATIC], which hinted that 2023 has a lot in store for the network. Vendible announced that it was launching the Ible…

Cryptocurrency firm Celsius received proposals from 30 possible purchasers or its mining and retail operations Galaxy Digital Holding intends to purchase Celsius’ custody platform, GK8 Thirty prospective buyers have expressed an interest in purchasing the different assets of bankrupt cryptocurrency lender Celsius Network. These offers included the purchase of its retail platform and mining company.…

CHZ’s bear run has been met with disappointment The chance of CHZ retracing its direction to the greens was minimal and could last for a while  Several investors tipped Chiliz [CHZ] to put up an excellent performance as the FIFA world cup began, owing to its popularity as a blockchain-based sports project. However, that has…

FTX’s collapse has been the single-biggest cause of concern for the crypto-industry, at least in the second half of 2022.  The degree of fear and uncertainty that this catastrophic event has induced in the market is evident from the outflow of funds from exchanges and inflows into cold wallets.  Market fundamentals remain stable Despite all…

Several metrics including MVRV Ratio and exchange reserves indicated a further price decline The market indicators were also not favoring SUSHI, which was concerning for the investors  SushiSwap [SUSHI] made it to the news again as it was in the list of top Polygon projects in terms of Altranking, which investors can consider a major…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Binance Coin bulls were hopeful that recent news could initiate a bull run The rejection near $400 was followed by ruthless selling pressure In the wake of fears around the solvency of FTX, Binance signed…

Cryptocurrency exchange FTX on 18 October transferred 50K ETH to crypto lender Voyager Digital’s main wallet. The transaction took place as the acquisition worth $1.4 billion is being executed. Alex Svanevik, CEO of Nansen, the blockchain analytics platform, announced the news on Twitter. It was towards the end of last month that it was announced…

In a recent development, Uniswap announced that they raised $165 million in their Series B funding round, led by the investment firm Polychain Capital. This news was followed by a subsequent spike in Uniswap’s social media engagements. A hike in development activity was also witnessed. Here’s AMBCrypto’s Price Prediction for Uniswap  for 2022-2023 After the…