Monthly Archives: Februar 2023

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Galois Capital Closes: Crypto Fund Loses Half Capital to FTX Collapse

24. Februar 2023 2:00 ⋅

• Galois Capital, a San Francisco-based crypto investment firm, has announced that it is closing down.
• The closure of Galois Capital is likely to have a ripple effect across the broader crypto industry.
• The firm cited several factors such as difficulty of building a sustainable investment strategy, increasing regulatory pressures, and uncertainty surrounding the future.

Galois Capital Closes Firm

Galois Capital, a San Francisco-based crypto investment firm, has announced that it is closing down. The firm confirmed the news in a tweet on Monday, expressing gratitude for the support received.

Reason Behind Closure

The company’s flagship fund experienced significant losses due to the collapse of the cryptocurrency exchange FTX. Additionally, the firm cited several factors such as difficulty of building a sustainable investment strategy in the fast-moving and volatile crypto market, increasing regulatory pressures, and uncertainty surrounding the future which led to its decision to close.

Consequences Of Closure

The closure of Galois Capital is likely to have a ripple effect across the broader crypto industry. As one of the leading investors in the space, the firm’s decision to shut down will leave many projects without a critical source of funding and support. It may also lead to a more cautious approach to investing in the crypto sector as other firms take note of the challenges that Galois Capital faced.

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Conclusion

Galois Capital’s decision to close reflects both their losses from FTX but also their difficulties navigating an ever changing landscape within Crypto finance industry. Its closure will certainly impact other firms who are now taking notice of these challenges faced by Galois capital before investing further into this asset class.

Posted in: Allgemein

MineablePunks Pumps 102% in Daily Trading Volume: Top NFTs This Week!

15. Februar 2023 22:16 ⋅

• Non-fungible tokens (NFTs) have grown increasingly popular in recent weeks, resulting in a sharp increase in trading volumes.
• The top NFT sellers of the week are MineablePunks, Bored Ape Yacht Club, Otherdeed for Otherside, Doodles and Pudgy Penguin.
• These five collections have recorded a combined sales volume of 3,478 ETH over the past 24 hours.

Increasing Popularity of Non-Fungible Tokens

Non-fungible tokens (NFTs) have seen a rapid rise in popularity in recent weeks, pushing market trading volumes higher despite the ongoing bear market. This has resulted in many collections becoming top-sellers this week.

Top Selling NFTs This Week

The five highest selling NFT collections this week are: MineablePunks, Bored Ape Yacht Club (BAYC), Otherdeed for Otherside, Doodles and Pudgy Penguin. In the last 24 hours they have recorded a combined sales volume of 3,478 ETH between them.

MineablePunks Takes The Top Rank

MineablePunks takes the top spot with 4105 fixed NFTs on Ethereum network recording 1,179 ETH sales volume over 24 hours with its market cap and floor price rising by more than 100% to $253133 and $61.66 respectively.

Bored Ape Yacht Club NFTs

Bored Ape Yacht Club (BAYC) is an all-time best seller from digital asset incubation firm Yuga Labs recording 810 ETH sale volume over 24 hours with a market cap of $1.2 billion and floor price of $109206.

Otherdeed For Otherside

Otherdeed is another collection from Yuga Labs metaverse gaming venture Otherside recording 716 ETH sale volume over past 24 hours with a market cap of $233 million and floor price of $2336.

Posted in: Allgemein

KAVA Bulls Look to Recover After FTX-Provoked Dip: Price Prediction

7. Februar 2023 18:33 ⋅

• KAVA token began the year with a bullish streak, rising 114% from its January 2 support floor.
• This rally earned the token a place in the „top 10 Cosmos ecosystem coins by market volume.“
• The recent rally for Layer 1 token comes in light of recent advancements in the Kava ecosystem, starting with the listing of the KAVA token on Coinbase.

KAVA Price Prediction As Bulls Look To Recover From FTX-Provoked Dip

KAVA token started 2021 with a bullish streak, rising 114% from its $0.5 support floor on January 2 to a high of $1.11 on January 18. However, bears thrust into the market and spent the next 12 days giving bulls a run for their money before bulls took back control on January 31. At the time of writing, KAVA was trading at $1.041 after gaining 4.65% on the last day and recording 24-hour trading volume of $37 million – 32% higher than its Thursday score. With a live market cap of $414 million, KAVA stands at #93 on CoinMarketCap list.

Top Cosmos Ecosystem Tokens By Market Capitalization

Kava is a decentralized layer 1 blockchain combining Cosmos‘ speed and interoperability with Ethereum’s developer power. This makes it one of top 10 cosmos ecosystem coins by market capitalization and has recently achieved another milestone when it’s token was listed on cryptocurrency exchange Coinbase – an event that saw KAVA soar 24%.

KAVA Lists On Coinbase Exchange

The listing news broke out on January 18th and caused an influx in trading activity among KAVA holders as it gave them access to new users who use Coinbase platform which further helped increase exposure to Kava’s other protocols such as Rise program and Co-op staking pool among others. According to Scott Stuart, CEO of Kava Labs: “I look forward to growing Kava’s exposure to new users, which will have downstream effects for all protocols in the Kava Rise program and the Co-op staking pool.“

FTX Provoked Dip Affects Bullish Streak

Unfortunately, this positive development was not enough to keep bulls afloat as FTX provoked dip affected bullish streak causing prices to go down again but since then bulls have regained strength with four straight green bars taking prices up intraday high of $1.05 today (Feb 3).

Conclusion

Overall, despite some setbacks due to bearish pressure triggered by FTX provoked dip affecting price movements negatively; things seem to be looking up once again as bulls regain strength after being pushed back temporarily while events like listing at Coinbase further contribute towards improving outlook for price predictions related to KAVA tokens as traders continue having confidence in asset value growth potential associated with them moving forward in 2021 and beyond!

Posted in: Allgemein