Bitcoin (BTC) might have outperformed traditional financial markets regarding investment returns, but the cryptocurrency still fell behind Bitcoin-related companies. The price of BTC climbed by about 290% year-over-year, wherein it surged from $10,695 to a little over $42,000. In comparison, shares of Marathon Digital Holdings (MARA), one of the largest North American crypto mining companies, …
Continue reading “Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021”
Cardano (ADA) reached a major milestone in its roadmap on Sep. 13 as its blockchain successfully launched Plutus-powered smart contracts as a part of the Alonzo hard fork. The Alonzo hard fork has been highly anticipated in the Cardano community as well as the cryptocurrency sphere at large. The smart contract functionality is meant to …
Continue reading “Cardano’s Alonzo hard fork was a success but real utility could be a while”
Bitcoin (BTC) analysts are eyeing short-term volatility as whales begin unprecedented behavior. Fresh data shows that whales have not only been highly active on the market — they’ve been moving record amounts of BTC. Whale activity beats Bitcoin all-time highs Despite BTC price action staying in a narrow, uninspiring range of around $40,000, large-volume Bitcoin investors …
Institutional investors are increasingly looking to move into cryptocurrency investment to grow their revenues in the long term, a new survey revealed. As many as 62% of global institutional investors with zero exposure to cryptocurrencies like Bitcoin (BTC) said they expect to invest in these for the first time within the next year in a …
Continue reading “62% of institutions to start investing in crypto within a year: Survey”
The global social media giant, Facebook, has recently announced their plan to allocate a solid sum of $50 million to a fund for a couple of years that will be tasked entirely with initiating work on realizing the firm’s long-cherished vision for developing a fully operational virtual metaverse. The announcement made on September 27th itself …
Continue reading “Facebook Announces $50 Million Fund For Developing Their Virtual Metaverse”
Crypto payments are becoming increasingly popular as Bitcoin (BTC) and other digital assets continue to go mainstream. This has become the case for both crypto holders and non-crypto owners who are primarily interested in the concept of using cryptocurrencies for payments. Recent data has found that 93% of crypto users surveyed would consider making purchases …
Continue reading “Verifone to enable crypto payments at major retailers through BitPay”
Latin American stablecoin issuer Anclap is expanding its Stellar-based stablecoin network by launching a new stablecoin in Peru, Cointelegraph en Español reports. Pegged to Peru’s official fiat currency, the Peruvian sol (PEN), the new stablecoin is designed to enable instant transactions across Anclap’s network, including conversions to other fiat currencies as well as “any other digital asset,” …
Continue reading “Peruvian stablecoin launches on Stellar blockchain”
The Bank for International Settlements (BIS) has published a report touting the benefits of central bank digital currencies (CBDC), especially in reducing the cost of cross-border payments. According to the report titled “Inthanon-LionRock to mBridge: Building a multi CBDC platform for international payments” published on Tuesday, CBDCs can reduce the transaction throughput of cross-border payments …
Continue reading “CBDCs can cut cross border remittance costs by half: BIS report”
CryptoSlate recently had the opportunity to chat with Milo McCloud, the co-founder of Paradox Group, a well-known crypto advertising firm that works with some of the biggest names in blockchain. What is the professional background of the Paradox founders and what is their previous experience in crypto? I am a blockchain, fintech, and cryptocurrency specialist …
dYdX (DYDX), a decentralized derivatives exchange that runs on Ethereum (ETH), has surpassed Coinbase’s volume for the first time, executing over $3.6 billion in trades in a 24-hour period. The protocol’s success came in the midst of Beijing stepping up its clampdown on crypto, which spurred the recent interest in decentralized exchanges (DEXs) and other …
Ethereum competitor Solana kicks off ‘hackathon’ with $1 million in prizes The Solana Foundation, a non-profit organization dedicated to supporting and growing the high-speed blockchain today announced it will be launching a global hackathon focused on Web3, DeFi, and NFT solutions. 2 min read → Go to Source
The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition. The restrictions on movement, as well as the widespread fear of catching a virus, forced many to look for alternative ways of making payments or sending remittances. This search for an alternative inevitably led many …
Anthony Scaramucci, CEO of Skybridge Capital, a multi-asset class investment firm, says he thinks the institutional investment boom in cryptocurrencies has been greatly exaggerated. In an interview given to Bloomberg last week, Scaramucci stated that most institutions are still not interested in cryptocurrency as an investment and that only 10% are actively investing in crypto. …
Continue reading “Skybridge Capital’s Scaramucci on Crypto Boom: ‘The Institutions Are Not There’”
Jamie Dimon, the CEO of one of the biggest financial institutions of the world, JPMorgan, has once again let the world know about his stance on bitcoin and cryptocurrencies. Dimon stated that whoever borrowed money to purchase bitcoin was, in his opinion, a “fool.” However, his personal opinion has not clashed with the fact that …
Continue reading “JPMorgan Boss Jamie Dimon: ‘If You Borrow Money to Buy Bitcoin, You’re a Fool’”
press release PRESS RELEASE. AscendEX, a global digital asset trading platform, is thrilled to announce the listing of the Refinable token (FINE) under the pair USDT/FINE on Sept. 28 at 1 p.m. UTC. Refinable is an interactive, multi-chain capable NFT marketplace with a one-stop solution to create, discover, trade, and leverage NFTs for brands and …
