Phillip Hammond, a UK ex-chancellor, has urged people to be cautious before entering the digital asset sector. Hammond opines that cryptocurrencies are highly volatile, and people should only invest funds they are willing to lose. Hammond has also commented on the increased institutional interest in cryptocurrencies. He states that while institutions have recognized cryptocurrencies as …
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Iran is one of the leading Bitcoin mining hubs. Due to the high amount of energy used during mining activities, authorities have now urged local crypto miners to temporarily halt their operations during the winter months. A notice issued by the Iranian Ministry of Energy ordered local miners to suspend their operations as the country …
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The cryptocurrency market has suffered a slide after its modest Christmas gains. Its total cap has fallen by 3% in the past 24 hours, to $2.45 trillion. This dip has also seen most major cryptocurrencies fall by 3% or more over the same timeframe. However, with the market remaining subdued compared to peaks earlier in …
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A new decentralized autonomous organization called BlockbusterDAO is looking to revive the iconic Blockbuster brand and bring it into the Web3 era. The popularity the brand still enjoys in the US makes it a perfect foundation to revolutionize the decision-making and financing of the film and TV industries, BlockbusterDAO said. An ambitious plan to bring …
Blockchain data oracle Chainlink’s token, LINK, has gained some positive traction since the local low at $17.33 on the 15th of December. The token has seen positive action in the past two weeks despite a negative market sentiment toward LINK since October, according to data from market analysts Santiment. LINK sentiment The number 18 cryptocurrency …
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As the industry focus moves from the Bitcoin scaling problem to the Ethereum scaling problem, the Polkadot ecosystem is still evolving positively. With the parachains of Kusama and Polkadot already running solidly, whatever the solution is, it is resolving the issue of growing crypto demand with an inefficient underlying architecture. Polkadot’s founder, Gavin Wood, has …
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A man allegedly behind a cryptocurrency investment scam has been arrested in Bangkok, Thailand. He lured people into investing in his fraudulent crypto scheme by promising high returns, telling investors they could earn a 400% return by investing in just 200 days. Alleged Crypto Scammer Arrested in Bangkok A 50-year-old man who allegedly scammed Thai …
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20 days ago, Ethereum’s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for another six months and this week, the network’s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum’s hashrate surpassed 1 petahash per second (PH/s). …
For the most part of this month, the crypto market has been consolidating. Bitcoin is yet to make any significant gains, and it is still hovering at around $50K. However, some analysts believe this could be the altcoin season because some altcoins are still making double-digit gains despite the broader market rescinding. ICON is trading …
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Seasoned trader and analyst Tone Vays is predicting a strong Bitcoin (BTC) breakout as he says the current price action is just noise. In a new strategy session, Vays tells his 118,000 YouTube subscribers that Bitcoin has been bullish ever since BTC recovered from the pandemic-induced crash in March 2020. “This is just a speed …
Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 all-time highs this year, data shows. According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains near record lows. Strong hands knuckle down throughout 2021 In the latest sign of the …
Kronos DAO is a substitute stablecoin, fully-backed and stable but also able to rise in value while minimizing losses. It’s also the first decentralized reserve currency protocol running on the Klaytn chain, based on the KRNO token – which has increased over 360x in value since its launch on November 18th, 2021. KRNO is partnered with …
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HodlX Guest Post Submit Your Post Since the dawn of the digital asset industry, we’ve seen bad actors take advantage of a lack of consistency in how exchanges operate. Many view the crypto sector as a new-age Wild West, leading some countries to simply implement a ban rather than try to grasp the fundamentals of …
Continue reading “Government’s Implementation of Technological Regulation Is Slow by Design”
The intense bull run Bitcoin experienced this year pushed more than just its price up. As the world’s largest cryptocurrency inched closer to its all-time high, the eyes of the entire world seemed pointed at Bitcoin. This is most evident when analyzing social media posts, which show that there has been a huge increase in …
Continue reading “There were more than 100 million tweets mentioning Bitcoin in 2021”
Bitcoin (BTC), the leading cryptocurrency by market cap, broke its previous all-time-high market value in 2021, reaching just over $69 000 on the 10th of November, appreciating 71.8 percent year-on-year. Counting from the local low at just under $30 000 on the 21st of July, bitcoin gained 56.6 percent. If bitcoin stays at this level …
Continue reading “Bitcoin, Ethereum beat gold in 2021, big time”
