In a report focusing on burgeoning innovative technologies, digital assets and tech-focused investment company Ark Invest opined that smart contract-based ecosystems could boast a market valuation north of $5 trillion by 2030. This forecast, which the firm tied to the rising value of tokenized financial assets on-chain and diversified utility of these networks, formed part […]
Tag: STO
Russia’s Sberbank Plans to Launch DeFi Platform by May 2023
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Russia state-owned bank Sberbank said it would roll out a DeFi platform in May 2023, according to a local report. The platform, currently in closed beta, will launch for open testing next month and […]
A Review of Wealth99 in 2023
<p class=”MsoNormal”>Wealth99 is one of the new generation of financial products companies selling a range of blockchain-based assets – namely tokenized precious metals and a selection of the world’s largest and most high-potential cryptocurrencies.</p><p class=”MsoNormal text-align-start”>So what is Wealth99?</p><p class=”MsoNormal”>The clue is in the name. Wealth99 positions itself as a way for everyday people to […]
MicroStrategy Plans to Buy More Bitcoin Despite $197.6M Impairment in Q4
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In its Q4 earnings report, MicroStrategy revealed a $197.6 million impairment charge on its Bitcoin holdings. Furthermore, it logged a net loss of $249.7 million causing its shares to sink more than 2% in […]
Mango Markets Exploiter Waives Bail, Will Remain in Prison Until Feb 14th
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Avraham “Avi” Eisenberg, arrested for his attack on the cryptocurrency exchange Mango Markets, has reportedly waived his right to bail. Eisenberg previously admitted on social media to being behind the exploit that drained the […]
America’s Oldest Bank BNY Mellon Names Its First Digital Assets CEO
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. On Thursday, February 2nd, BNY Mellon, America’s oldest continuously running bank, announced the naming of its first digital assets CEO. Caroline Butler has been with the bank since 2020 and has previously served as […]
5 “Best” Digital Trading Card Games to Integrate NFTs
The gaming industry is a rapidly growing market that has been revolutionized by blockchain gaming with the introduction of exciting new concepts like Free-to-Play (F2P) and Player-to-Earn (P2E). NFT (non-fungible tokens) trading cards are, in particular, becoming increasingly popular amongst game developers as well as players. These games feature a unique economy where fungible tokens […]
Indian Finance Minister Presents 2022-23 Economic Survey
The history of India’s Economic Survey dates back to 1950-51. During the first decade of its publication, the document was a part of India’s annual national budget documents. In the 1960s, the authorities separated it from the budget documents and started presenting it a day before the Union Budget. This year’s Economic Survey was published […]
Fed Chair ‘Disinflationary’ Remarks Excite Market: Optimism (OP), Arweave (AR) and Render (RNDR) Lead Biggest Gainers
Meeting market expectations, the Federal Reserve on Wednesday announced a 25-basis points interest rate hike from 4.5% to 4.75% following a previous adjustment of 50-basis magnitude in December. The digital assets market remained flat in the first few hours after the announcement as traders awaited commentary from the Federal Reserve chair Jerome Powell on the […]
FOMC Commentary Anticipation Keeps Bitcoin (BTC) Price Flat Above $23K
Bitcoin (BTC) failed to sustain its recently reignited northbound movement ahead of the monthly close on Tuesday. The modest retracement came against a cumulating positive sentiment around the asset since the start of the year. Still, the flagship cryptocurrency sealed January in fashion with 39.63% monthly returns compared to Ethereum (ETH), whose price rose 32.44% […]
