Ethereum, BNB, XRP see big drops as Bitcoin hashrate falls. What’s next? Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › Analysis Falling hashrate, death crosses, and altcoin plunges form the backdrop of the crypto market yesterday as China tightened its …
Continue reading “Ethereum, BNB, XRP see big drops as Bitcoin hashrate falls. What’s next?”
Sotheby’s, the world’s largest auction house, is auctioning a rare, 101.38-carat flawless diamond estimated to be worth $15 million, and cryptocurrencies are accepted. Biggest Auction House Accepts Cryptocurrencies Sotheby’s announced Monday that it is auctioning a rare, pear-shaped diamond on July 9 in Hong Kong that can be purchased with cryptocurrency. Established in 1744, Sotheby’s …
Continue reading “Sotheby’s Auctioning Rare Diamond Worth $15 Million, Cryptocurrencies Accepted”
President Nicolas Maduro stated that Venezuela was a pioneer in cryptocurrency adoption in Latam in an interview with Bloomberg last week. Venezuela is still one of the first cryptocurrency volume movers in South America. However, the petro token, its official cryptocurrency, has failed to pick up steam in national and international markets. President Nicolas Maduro …
According to a blog post on the Ethereum Foundation’s website, three Ethereum testnets leveraging the London hard fork will go live during the next few weeks. Ethereum core developer Tim Beiko explained last Friday that the “upgrade will first go live on Ropsten, at block 10499401, which is expected to happen around June 24, 2021.” …
Personal finance author Robert Kiyosaki believes that Bitcoin will collapse below $30,000 as he sees a massive crash on the horizon. Kiyosaki, co-author of the best-selling Rich Dad Poor Dad series, predicts in a new video that Bitcoin could go through a significant downturn as central banks around the world move against BTC and other …
Continue reading “Sub-$30K Bitcoin? Here’s the Latest BTC Price Target for Rich Dad Poor Dad Author”
Dogecoin (DOGE), Elon Musk’s pet favorite cryptocurrency, has shed tens of billions of dollars in value since he publicly plugged it on mainstream TV. As sources noted this week, the meme-based altcoin’s market cap is now $69 billion down versus where it was when the Tesla and SpaceX CEO hosted Saturday Night Live. Dogecoin: 6 weeks, 70% …
Continue reading “‘Say something, Elon Musk!’ Dogecoin sheds $70B in market cap since SNL”
Bitcoin (BTC) is “confirming” a bear market because whales are still sending large amounts of BTC to exchanges. That’s according to Ki Young Ju, CEO of on-chain analytics service CryptoQuant, who on June 21 warned over the “very uncertain” current state of Bitcoin. Too many whales spoil the market? Uploading a chart of the so-called …
Continue reading “Bitcoin bear market confirmed? Analysts at odds over whales’ BTC exchange moves”
According to local sources, the Indian Government’s 2% “equalisation levy” could be extended to crypto-assets purchased from off-shore exchanges. According to a June 22 report from Economic Times, analysts are inferring that existing law could require a 2% levy to be added onto the settlement price of crypto bought from overseas-based crypto exchanges operating in …
Continue reading “Existing Indian law could impose 2% levy on crypto bought from offshore exchanges”
According to a report from blockchain analytics firm Elliptic, unregistered securities offerings represent more than half of all crypto fines handed out by U.S. regulators. In Elliptic’s June 21 Sanctions Compliance in Cryptocurrencies report, the firm’s co-founder and Chief Scientist, Dr. Tom Robinson writes that U.S. regulators have handed out $2.5 billion in fines for …
The highly anticipated Nasdaq debut of renewable energy-focused BTC mining firm, Bitfarms (BITF), saw the company’s stock fall by as much as 8.6% amid weakness in the broader crypto markets. BITF opened at $4.04 and quickly climbed a couple of percent to tag a high of $4.11 before dropping as low as $3.90 as cryptocurrency …
Continue reading “Bitfarms’ shares slump on Nasdaq debut amid crypto market pull-back”
Decentralized finance lending and stablecoin protocol MakerDAO has adjusted stability fees across a wide range of crypto assets used as collateral on the platform. The move comes as the demand for DAI and other stablecoins has cooled amid the recent crypto market retracement, with Maker hoping to drive up demand for DAI minting through the …
Continue reading “MakerDAO slashes stability fees as stablecoin demand wanes”
A political party in El Salvador has filed a lawsuit alleging President Bukele’s new Bitcoin law could be unconstitutional and harmful to the country. El Salvador’s grand plans to promote Bitcoin adoption could be turned on their head if President Bukele’s Bitcoin law is proven to be unconstitutional in the country’s courts. A group of …
Continue reading “Opposition poses constitutional challenge to El Salvador’s Bitcoin law”
Bitcoin miners were dealt a blow in May as the Financial Stability and Development Committee of the State Council of China announced further controls on financial risk. The announcement was the latest in China’s long-running friction with the cryptocurrency industry. But this time, given the Chinese Communist Party’s promotion of its digital yuan, it looks …
Continue reading “Could Paraguay emerge as a Bitcoin mining hub after China crackdown?”
Damon Dash, known as the co-founder of the Roc-A-Fella record label along with Jay-Z and Kareem Burke is being sued for selling the copyright to JAY-Z’s 1996 LP, Reasonable Doubt. The record label accuses its own co-founder Dash of trying to auction Jay-Z’s album as a non-fungible digital token (NFT) without permission. Copyright and NFTs …
Continue reading “Jay-Z sues Damon Dash over NFT of first album ‘Reasonable Doubt’”
David Marcus, head of Facebook Financial (F2) who is in charge of crypto project Diem, formerly Libra, believes that the Chinese government cracking down on bitcoin mining is “a great development” for the cryptocurrency. Many people in the crypto space agree with him. Facebook’s Executive Believes China’s Bitcoin Mining Crackdown Is a Good Development David …
