America’s housing market may soon be facing its next bubble as home prices across the country continue to be fueled by demand, speculation and lavish spending that could result in a collapse. Moreover, many homeowners are opting to stay put due to climbing mortgage rates, creating a housing shortage. Data from the Federal National Mortgage Association, commonly known as Fannie Mae, found that 92% of homeowners think their current home is affordable. Yet, findings further show that 69% of the general population, consisting of both homeowners and renters, believe it’s becoming too difficult to find affordable housing. Web3 and the …

Institutional investors have shifted their attention from Ethereum to competing layer-1 blockchains of late, with capital inflows for altcoin investment products increasing last week while Ether (ETH) products posted outflows for the third week in a row. Data from CoinShares’ latest Digital Asset Fund Flows report shows that investors last week (ending on Friday) loaded up on $3.5 million worth of Avalanche (AVAX), Solana (SOL), Terra (LUNA) and Algorand (ALGO) funds while capital outflows from Ether products totaled $16.9 million. It marks the third straight week that Ethereum products have seen outflows, bringing the total over that time to $59.3 …

Spring is here and with it came a newfound awakening for nonfungible tokens (NFTs). In the last week of March, total sales volume rallied to $20 billion, but this metric took a dive from mid April to $17.6 billion. However, on April 16, the newly landed Moonbirds NFT, pumped over $280 million worth of liquidity into the market and this, compounded with rumors of Yuga Labs’ Otherside land drop, sent the total volume sales for NFTs into a steady upward trend. In the last seven days, the sector’s total market capitalization increased over 3% to approximately $18.6 billion and the …

"Blue-chip nonfungible tokens (NFTs)" is a popular buzzphrase one will find strewn across Twitter and various crypto media. The term, “blue chip,” is borrowed from traditional finance where stocks considered to be the well-established extension of corporations are known for their quality, reliability and financial stability. But, exactly what are blue-chip NFTs and how are they identified? ' Nansen research analyst Louisa Choe, told Cointelegraph that since NFTs are still nascent “... it is sometimes challenging to apply these criteria since NFT, as an asset class, is still evolving.” The general consensus is that the much sought-after blue chip is …

Despite often producing results higher than the traditional market, trading cryptocurrency is not all butterflies and rainbows. Higher rewards are the direct result of a more complicated market, one lacking in the fundamentals. To compare, consider the process of purchasing a stock. Before engaging in a trade, investors have access to quarterly earnings and sales reports, among other metrics for success. The cryptocurrency market, in contrast, lacks these same proof points, requiring traders to look at in-depth technical analysis for verification instead. Since the technical analysis process is complex, new investors often find themselves discouraged from entering the market or …

A study claiming that psychopaths and others with "Dark Tetrad" personality traits are drawn to crypto has been criticized as "meaningless" for showing very weak correlativity by a psychology expert from the University of Otago. Researchers with backgrounds predominately in marketing and advertising from the Queensland University of Technology (QUT) surveyed 566 people on their attitudes toward crypto and correlated the results with four specific personality traits: narcissism, psychopathy, Machiavellianism and sadism. The findings were first shared by The U.S. Sun, and were widely syndicated by the mainstream media, with the New York Post headline screaming “Bitcoin fans are psychopaths …

Nonfungible tokens (NFTs) have come a long way in a relatively short period of time. In 2017, the NFT project CryptoKitties made headlines as the largest decentralized application on the Ethereum network. While CryptoKitties accounted for a notable portion of Ethereum transaction volume in 2017, these NFTs mainly served as digital collectibles geared toward the crypto community. It wasn’t until March 2021 when NFT artwork started gaining traction due to the financial potential behind these creations. This was demonstrated when digital artist Mike Winkelmann, also known as Beeple, sold his NFT piece titled “Everydays: The First 5,000 Days,” which raised …

ApeCoin's (APE) market valuation could grow by nearly 250% in the second quarter of 2022 as it breaks out of a widely-tracked, classic technical pattern. APE price "bull pennant" breakout underway On April 13, APE's price broke above the upper trendline of what appears to be a "bull pennant" chart pattern. Bull pennants appear when the price consolidates inside a triangle-like structure following a strong uptrend. Many traditional analysts consider them as continuation patterns, for they typically result in the price breaking out in the direction of its previous trend. As a rule, traders estimate a bull pennant's upside target …

Cronos has partnered with the blockchain intelligence firm Chainalysis to enable real-time transaction monitoring tools for the Cronos (CRO) token and all CRC-20 tokens running on the Cronos network, according to an announcement shared with Cointelegraph on Wednesday. The new compliance integration aims to enable institutions, cryptocurrency exchanges and digital asset funds to track transactions of CRC-20 tokens, allowing users to trace large volumes of activity and identify high-risk transactions. The partnership specifically allows institutions and exchanges to focus on the most urgent issues and properly report suspicious activity. The integration is yet another milestone in the development and institutional …

The top centralized cryptocurrency exchanges have reached all-time highs for market share this year as trading volume in crypto consolidates onto the platforms of only a few trusted companies. So named “top-tier” crypto exchanges have increased their market share from 89% in August 2021 to 96% in February 2022 according to data collected by UK analytics company CryptoCompare published on Monday, April 11. The firm analyzed over 150 active centralized exchanges, ranking them on security, number of assets available, regulatory compliance, KYC checks, and more, grading them from a top score of AA to a low of F with “top …

The price of Bitcoin (BTC) has been on the decline again recently, but new insights from blockchain analytics firm Glassnode show that up to 75% of Bitcoin addresses are in profit. In its Week-On Chain report published on Monday, April 11, Glassnode analyzed the number of Bitcoin wallets that are in profit and found that around 70% to 75% of addresses are seeing an unrealized profit, much higher than the 45% to 50% of addresses during the 2018 bear market. Commenting on the findings, the Glassnode analysts added that the current bear market is nowhere near as bad as previous …

Bitcoin is becoming one of the biggest buzzwords in the world. Data from a July 2021 survey conducted by analysis firm Exploding Topics found that roughly 1,700 American adults, or 89% of participants, had heard of Bitcoin. A recent survey from the cryptocurrency platform Paxful also found that 95% of women out of 1,555 females polled in the United States were familiar with Bitcoin. While Bitcoin’s (BTC) presence is notable, there still seems to be a lack of understanding regarding BTC and cryptocurrency. For instance, Paxful’s survey discovered that 43% of women polled in the United States want to learn …