News for RedFOX Labs (RFOX)

Coinbase is continuing to expand its crypto footprint by extending custodial services support to a variety of altcoins.

Crypto markets have declined amid high correlation to equities, concerns around tighter monetary policy and the upcoming April 18, 2022, tax deadline in the US. As for the performance of our various indexes, we see losses across the board. Our DeFi index is down the most at 26%, followed by our smart contract and metaverse […]

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Crypto markets have been hit hard as tensions between Russia and Ukraine intensify. Bitcoin and our smart contract index are down around 13-14%. This brings Bitcoin’s cumulative drawdown from its November 2021 highs to 46%. Elsewhere, our metaverse index is down the most at 17%, followed by our DeFi index, which is down 16% (see charts one and two).

Our crypto indices have been popular among investors and so we are constantly looking for ways to improve them. We’ve therefore decided to make a number of improvements. First, we expand the number of coins in each index from five to 10.