It was only a matter of time before China slapped a ban on Bitcoin (BTC) mining, trading and crypto services. To do anything with Bitcoin anywhere in the People’s Republic, one needs a special exemption. The Chinese government’s given reason for the Bitcoin crackdown is to reduce its well-documented climate impact. Regardless of the amount …
Continue reading “Crypto mining won’t survive another round of environmental legislation”
PayPal confirmed on Jan. 8 it is “exploring a stablecoin” that could be called PayPal Coin after a developer found evidence of such a stablecoin within the source code of the company’s iPhone app. PayPal senior vice president of crypto and digital currencies Jose Fernandez da Ponte said at the time that if the company …
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Meta, the world’s biggest social media platform, has filed a trademark registration with the Brazilian authorities to design, develop and provision hardware and software for various Bitcoin (BTC) and crypto-related services. Meta recently rebranded from Facebook as a move to better align with the Metaverse developments despite regulatory hurdles faced during its numerous previous attempts …
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Bitcoin Price Prediction – January 29There has been a continual featuring of buying moments in the BTC/USD trading operations as the crypto market rallies, averaging $40,000. The current upward pressures are seemingly hipping up to form a pattern for a selling pressure toward the value line. Price is currently trading around $38,000 at a minute …
Continue reading “Bitcoin (BTC/USD) Market Rallies, Averaging $40,000”
A crypto mega-whale just went on an altcoin buying spree and purchased $23.9 million worth of two digital assets. The blockchain-transaction tracker WhaleStats reveals that an unnamed Ethereum wallet bought 135,000 Terra (LUNA) for $6.72 million. Terra is a public blockchain protocol that underpins a suite of decentralized stablecoins. The ninth-ranked crypto asset is currently …
While cryptocurrency regulation has been a hot topic for quite a while, it wasn’t until last year that governments around the world began taking a bigger interest in regulating the booming crypto market. El Salvador accepting Bitcoin as legal tender last September further ignited this interest. The MMF went on to warn the country that …
Continue reading “Europe could lead the crypto regulatory race with MiCA”
Since the beginning of 2022, Bitcoin has fallen from $68,000 to $34,000, taking almost the entire crypto market down with it. One exception, however, is Fantom, which has continued growing its TVL and surpassed Binance Smart Chain and Terra. Here’s what caused Fantom’s precipitous rise and the problems that might bring it down. Fantom Intro …
Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable year, with many new wallets experiencing growth as a result. …
Continue reading “Nansen Report Highlights Growth of Defi and NFTs in 2021”
Leading investment bank JPMorgan has changed its view on the estimate of bitcoin’s price on a long-term basis. The institution had estimated a long-term price of $146K back in November when bitcoin was over $60K. One of the most important reasons for this change has to do with the increased volatility the asset has faced …
Continue reading “JPMorgan Lowers Its Bitcoin Fair Price Estimate to $38K Amidst Volatility”
Some disgruntled Nigerian users of the cryptocurrency exchange Binance have launched a campaign to boycott the platform, which they accuse of freezing client accounts without valid reason. Accounts Blocked Cryptocurrency exchange platform Binance recently became the target of a boycott campaign initiated by disgruntled users in Nigeria. Using the hashtag #Binancestopscamming, the campaigners are urging …
Cardano investors have been expanding their holdings during the recent market correction. The accumulation comes despite small traders staying away from the market due to the fear of a bear market. On-chain data shows that some large ADA wallets had doubled their holdings in the past few weeks following the crash. ADA crash attracting large …
Continue reading “Cardano addresses with 10K to 1M coins buy an additional $55M worth of ADA”
Google is joining the list of tech giant firms investing in blockchain technology. The company recently announced establishing a team dedicated to digital assets for its Google Cloud division. Google Cloud offers online data storage solutions, and it is now looking towards decentralized technologies to build a suite of products. Google venturing into blockchain Some …
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Users of decentralized exchanges have complained on Twitter about the increased spread between stablecoin swaps. This comes amidst increased staking into savings protocols due to the ongoing meltdown in the crypto space. Users complain of a lack of stablecoin liquidity On Friday, @cryptotutor took to Twitter to complain about the lack of stablecoin liquidity on …
Continue reading “Decentralized exchanges (DEXs) record a dip in the stablecoin liquidity”
The Trezor hardware wallet recently announced that it will integrate the Address Ownership Proof Protocol (AOPP). This is an automated mechanism that was adopted by Trezor as part of its January updates. However, the hardware wallet maker has since reversed this decision saying that the protocol will be removed as part of its next updates. …
Continue reading “Trezor wallet reverses address verification protocol following privacy concerns”
The CEO of centralized finance platform Celsius Network (CEL), Alex Mashinsky, is unveiling price predictions for the two largest crypto assets by market cap. Mashinsky says in a Kitco News interview that Bitcoin (BTC) could fall by up to 20% from the current price before surging. “So we have very strong support in that $29,000 …
