Strengths
Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Swirge SWG, rising 3,775.59%.
Facebook parent company Meta is to proceed with its plans to bring digital collectibles to its users, reports CoinDesk, undeterred by the recent sharp downturn in the cryptocurrency market.
Planetarium Labs, a Singapore-based web3 gaming technology firm, has raised $32 million in Series A funding led by Animoca Brands. Other investors in the round include Krust Universe, Korean technology giant Kakao's investment arm, reports Bloomberg.
Weaknesses
Of the cryptocurrencies tracked by CoinMarketCap, the worst performing for the week was Nody NODY, down 96.87%.
Crypto brokerage Voyager Digital has filed for chapter 11 bankruptcy protection, reports CNBC, becoming the latest casualty of chaos in digital asset markets. Voyager commenced bankruptcy proceedings in the U.S bankruptcy court for the southern districts of New York on Tuesday.
The recent buildup in open...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...