Cathie Wood, an iconic crypto investor, has reassured Bitcoin investors is stating that in her view the bitcoin cannot be banned and as such the market is very much here to stay. Her comments come amidst a harsh regulatory climate that is weighing on cryptocurrencies. Cryptocurrencies have been under heavy scrutiny in China, Europe, and …
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The Bitcoin sector is currently experiencing the largest wipe-out since March 2020. With the token losing nearly 50% of its value in recent weeks, retail traders have been rushing to sell off their holdings in case of a further crash. The recent market crash is blamed on various remarks made by major crypto players and …
Continue reading “Glassnode: 76% of Bitcoin Holders Still In profit – Should You Invest?”
Here are the 5 best cryptocurrencies to buy right now. As the Tesla-instigated bear market continues, we’ve gone for a green theme with five coins that don’t use a proof-of-work consensus mechanism. While they haven’t been able to avoid today’s market-wide selloff, they may be better positioned to thrive in a more eco-minded future. 5 …
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Meme stocks and crypto increasingly appear to be connected at the hip. And as the weekend approaches it looks like we can be sure of one thing – the price of crypto assets will fall. In fact the hyper volatility has already started, with bitcoin recoiling from the $40,000 hit just two days ago to …
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Iran has yet again banned crypto mining activities for four months. This follows widespread power outages that are causing a public outcry. On May 26, President Hassan Rouhani announced a halt to all crypto mining activities, including legal Bitcoin mining. The activities will remain closed until September 22. The Proof of Work (PoW) framework used …
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The governor of Colorado, Jared Polis, has said that he is making plans for the state’s residents to accept crypto payments. According to Polis, he is optimistic that the launch will happen soon. At the Consensus 2021 virtual conference organised by CoinDesk, the governor stated that “I’d be thrilled to be the first state to …
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Apple has listed a new job posting stating that it is looking to hire a business development manager with experience in the crypto sector. The new manager will head the firm’s alternative payments partnership program. The job posting also stated that the candidate needed to have at least a decade of experience in the sector …
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Analysts such as those from Goldman Sachs have argued that Ethereum (ETH) will soon surpass Bitcoin (BTC) as a store of value. However, others are equally adamant in the belief that this will not happen and that Bitcoin will retain its dominance in the broader crypto market. Because the crypto market is highly volatile, it …
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Blockchain-powered sports platform dotmoov has announced the signing of two football legends Luís Figo and Ricardo Quaresma, as brand ambassadors. Both professional athletes hail from Portugal and will use their professional influence to educate sports enthusiasts on the burgeoning crypto industry. The global pandemic has forced activities in every sector to a screeching halt. One …
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Has the crypto crash come at the worst possible time for Coinbase or could it be a major beneficiary as actual and would-be competitors fall by the wayside? The crypto boom has led to many investors making huge profits, while crypto exchanges have seen their trading volumes shoot through the roof. Coinbase is undoubtedly one …
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The recent gains in Bitcoin and the wider crypto market have shown that there is a future for digital currencies and that they could be the preferred way in which commerce is conducted. This year, Bitcoin gained acceptance as a means of payment at Tesla, the leading electric car manufacturing company. However, this breakthrough turned …
A leaked report from Goldman Sachs claims that smart contract platform Ethereum has a high chance of surpassing Bitcoin as a store of value. The report even refers to Ethereum as the ‘Amazon of Information.’ The crypto crash of the past week or so has led to a whopping $1.3 trillion worth of cryptocurrencies being …
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Bitcoin Trade Struggles Rebounding – May 26There has been a continual process that the BTC/USD trade struggles rebounding at the resistance level of $40,000. Price currently hovers at about the value of $39,813 with about 4.67% appreciation. Trade Struggles Rebounding: BTC MarketKey Levels:Resistance levels: $45,000, $50,000, $55,000Support levels: $35,000, $30,000, $25,000 BTC/USD – Daily ChartIt …
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Hoard Marketplace, the much anticipated NFT trading venue, is now live. In fact the new exchange is a first of its kind, as you can now lend and borrow by leveraging NFTs as collateral. Users of Hoard will be able to lend, borrow and rent NFTs, regardless of whatever form or industry they reside in, …
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BCH Shows Recovery Move – May 26The BCH/USD market valuation shows recovery move after the crypto’s price fell to approach the lower zone of $400 support level in the previous downward trading activities. The crypto now trades around the line of $772 at a 7.20% appreciation. Shows Recovery Move BCH MarketKey Levels:Resistance levels: $900, $1,100, …
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