Tagged: kraken intelligence

September 8, 2022 @ 10:33 pm By Omar Faridi  |  

After July’s green candles, August 2022 resumed a downward trend for crypto-assets across the board, the team at Kraken noted in a new report. Bitcoin, Ethereum and the rest of the crypto market “saw negative returns for the month.” Prices of BTC (-14%) and ETH… Read More

August 8, 2022 @ 3:21 pm By Omar Faridi  |  

The cryptocurrency and blockchain industry faced headwinds in recent months as May’s collapse of the Terra ecosystem took its toll on many other market participants. In June and July of this year, major crypto lending platforms (including Celsius, BlockFi, Voyager and Vauld) took drastic measures… Read More

July 13, 2022 @ 2:27 pm By Omar Faridi  |  

Cryptocurrency markets remained fairly bearish in June 2022 after May’s broad market sell off, the team at Kraken notes in a report. All crypto sectors “reported negative returns month-over-month; even the best performers posted losses exceeding -18%.” Meme and metaverse coins “performed only slightly better… Read More

June 8, 2022 @ 11:27 am By Omar Faridi  |  

The non-fungible token (NFT) boom of 2021 not only brought “mainstream attention” to digital art investment, it also “catalyzed increased development of the crypto metaverse,” according to an update from Kraken. The Metaverse — a previously “esoteric” term first used in the 1992 science fiction… Read More

June 5, 2022 @ 6:41 pm By Omar Faridi  |  

Prices of digital assets crashed in early May 2020, when Bitcoin (BTC) fell almost 32% from $39,500 to $27,000 within only a week. The team at Kraken asks, “Could this be the beginning of a long crypto winter?” Or do the on-chain metrics “tell a… Read More

March 4, 2022 @ 8:23 am By Omar Faridi  |  

January 2022 was a “turbulent” month for the cryptocurrency sector as market participants saw “a broad sell-off,” the team at Kraken noted in an update. Kraken wrote in a blog post that the “continued uncertainty about the proposed U.S. Fed rate hikes in March and… Read More

February 27, 2022 @ 6:26 pm By Omar Faridi  |  

Digital asset firm Kraken notes that generating passive rewards on your money in traditional finance is not so rewarding these days. However, crypto provides participants “a novel opportunity to receive rewards through a process known as staking.” As participation in Proof-of-Stake networks increases and users… Read More

February 13, 2022 @ 11:44 pm By Omar Faridi  |  

The past few years have seen the crypto and blockchain space impact just about every industry in one way or another. However, one innovation in particular is leveraging blockchain or distributed ledger technology (DLT) in order to “fundamentally disrupt how organizations are structured, codified and… Read More

February 7, 2022 @ 8:43 am By Omar Faridi  |  

Cardano (ADA) initially gained attention back in 2017 as one of the more anticipated Initial Coin Offerings (ICO) of that year. Over the years, the initiative persisted through an extended crypto bear market to earn its place among the top crypto-assets by market cap. In… Read More

January 14, 2022 @ 4:32 pm By Omar Faridi  |  

The team at digital assets firm Kraken notes that if 2020 was the year of the bull, 2021 was the year that “crypto went mainstream.” During the past year, they claim to have “witnessed leaps in adoption, infrastructure, regulation, and policy — not to mention… Read More

December 2, 2021 @ 10:27 am By Omar Faridi  |  

Digital assets firm Kraken notes that the beauty of the Bitcoin (BTC) network is that “anyone can participate in it without permission.” However, primarily out of convenience, most Bitcoin users “don’t run nodes and instead trust third parties such as centralized exchanges and wallet providers… Read More

November 23, 2021 @ 10:46 pm By Omar Faridi  |  

In Kraken’s last two Crypto On-Chain Digest reports (End of Summer Sale and SHOCKTOBER), they had pointed out that a supply shock, driven by long-term holders, might push Bitcoin (BTC) and Ethereum (ETH) prices considerably higher than current levels. Well, price followed through and the… Read More

November 7, 2021 @ 1:47 pm By Omar Faridi  |  

The team at digital assets firm Kraken notes that the month of October 2021 has been dubbed “UPtober” by many in the cryptocurrency markets as the Bitcoin (BTC) price and that of Ethereum (ETH), as well as other major altcoins surged to new all-time highs…. Read More

October 31, 2021 @ 11:47 am By Omar Faridi  |  

The team at digital assets firm Kraken notes that after a “predictably underwhelming” September in the crypto-asset markets, “history was made in October as BTC hit new all-time highs.” Kraken wrote in an extensive report that, as foreshadowed last month, data “indicates that a supply… Read More

October 4, 2021 @ 9:01 pm By Omar Faridi  |  

Non-fungible tokens (NFTs) are perhaps the “most exciting” development in crypto in 2021, according to the team at Kraken. The digital assets firm writes in a blog post that many people might believe the future of NFTs is “bright.” However, relatively few understand their true… Read More

September 21, 2021 @ 8:05 am By Omar Faridi  |  

Digital assets firm Kraken notes that one of Bitcoin’s (BTC) biggest and most significant upgrades of all time is “just around the corner.” However, Kraken also mentions that very few people really understand its “potential impact.” Kraken Intelligence’s most recent report, titled “Taproot Primer: An… Read More

July 25, 2021 @ 8:09 pm By Omar Faridi  |  

The team at digital assets firm Kraken has revealed that cryptocurrency savings accounts are quickly becoming an “attractive option over traditional savings accounts.” As interest rates continue to decline – sometimes going negative at European banks and other jurisdictions – consumers are increasingly looking for… Read More

July 8, 2021 @ 8:34 am By Omar Faridi  |  

The cryptocurrency markets had been “brimming” with excitement to start the year. However, as we get ready to enter the “dog days” of summer 2021, Bitcoin (BTC), Ethereum (ETH), and other virtual currencies are “flatlining,” the Kraken team notes in an update while pointing out… Read More

June 8, 2021 @ 10:59 am By Omar Faridi  |  

Digital asset firm Kraken notes in its latest Kraken Intelligence report that May was a rather “unpleasant” month for crypto. The Kraken Intelligence team points out that with such a “severe” price correction, some may now be wondering whether “the party that began last September… Read More

May 10, 2021 @ 9:34 pm By Omar Faridi  |  

Digital asset firm Kraken recently published a report that explains how to safely and securely store your cryptocurrency holdings. Kraken notes in its report that if you’ve recently purchased some crypto-assets, then you might feel uneasy after hearing about the many horror stories of investors… Read More