The cryptocurrency market remains in a state of indecision. While it has ended the slide from a total value of $2.6 trillion to $1.3 trillion, it has failed to rebound beyond $1.5 trillion. At the same time, while some of the biggest coins have risen strongly in the past week, others have flatlined or gone …
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Decentraland (MANA) has been making remarkable gains, just like most cryptocurrencies in the charts. MANA is known for dominating the NFT market through virtual lands and properties, increasing its popularity. In the past 24 hours, MANA has gained 16% and is trading at $0.717 on major exchanges at the time of writing. MANA Price Analysis …
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KuCoin Token (KCS) is the native token for the KuCoin exchange. Like most cryptocurrencies in the market right now, KCS is making massive gains, and its investors are enjoying incredible gains. At the time of writing, KCS is trading at $14.36 on major exchanges. The price is a 31.7% gain in the past 24 hours. …
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Digital asset firm CoinShares says there’s a potential shift in sentiment among crypto investors as inflows return to the markets. In a new report, CoinShares tracks tens of millions of dollars that’s now flowing into crypto funds after a lengthy hiatus. “For the first time in five weeks, digital asset investment products saw inflows totalling …
Ultimate Fighting Championship, a major global mixed martial arts organization, continues its deep dive into the cryptocurrency industry by announcing a sponsorship deal with a cryptocurrency exchange. UFC announced Wednesday that it agreed to a fight-kit partnership with Crypto.com, one of the world’s largest crypto trading platforms by trading volumes, CNBC reported. According to CNBC, …
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Iran’s challenge with the ever-increasing electricity consumption reached new heights, leading the country to halt electricity exports. Abuzer Salihi, general manager of Iran’s electricity distribution company Tevanir, announced on state television that it has reduced electricity exports to zero “so that there is no problem in electricity supply in the country.” He said that the …
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Russian lawmakers are working on new legislation that would allow the government to confiscate cryptocurrencies, according to a senior official. Russian Prosecutor General Igor Krasnov claimed that the government is now developing a set of amendments to the country’s criminal code to allow authorities to seize crypto obtained from illegal activity, local news agency TASS …
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Bitcoin (BTC) miner revenue jumped after the network saw its biggest-ever difficulty drop, data shows. According to figures from monitoring resource Blockchain.com, daily revenues have surged by over 50%. “Interesting dynamic” hits Bitcoin mining Bitcoin mining is currently in a unique state of flux — around half of the hashing power is offline as miners …
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Bitcoin is on track to becoming a decentralized reserve and store of value asset Bitcoin might become a good companion for portfolios which also have low-yielding bonds The world is leaning towards a digital future and Bitcoin is at the forefront China banning BTC mining makes the Bitcoin network more decentralized and strengthening the network …
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Ethereum’s 50-day MA and 200-day MA look set to form a death cross later this month The death cross might be postponed or averted completely by the launch of the London Upgrade Ethereum developer Tim Beiko, has proposed the London Upgrade to be activated on August 4th at block 12,965,000 Only time will tell whether …
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Cardano (ADA) adds 50,000 new ‘staking’ addresses in just 3 weeks According to data aggregation platform PoolTool, Cardano (ADA) added more than 50,000 staking addresses in three weeks’ time, reflecting a substantial 8% growth in less than a month. 2 min read → Go to Source
Data compiled by Chinese journalist Colin Wu shows a sharp drop over the weekend in Ethereum reserves held on exchange wallets. The trend has continued downwards over the course of this week, leading some to ask, what is going on with the second largest cryptocurrency? Source: Twitter.com What is signaled by dwindling Ethereum exchange reserves? …
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Financial technology companies (fintechs) are now among the biggest threats to the overall profitability of Nigerian banks, analysts from the country’s Coronation Merchant Bank (CMB) have warned. The Efficiency of Fintech As a report carried by local media explains, this threat from fintech services stems from their growing popularity with “tech-literate” customers. According to CMB …
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The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant to “improve security compliance for all traders.” Bybit Says Companies and Individual Clients Mandated to …
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Monobank, a mobile bank operating in Ukraine, has announced new products and services that will allow users to trade cryptocurrencies and stocks. One of the offerings includes a bitcoin card which the online banking platform is going to launch as early as this month. Monobank to Offer Users Bitcoin Card and Crypto Exchange By the …
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