Bitcoin (BTC) continues to face strong selling as bulls attempt to flip the psychological level at $60,000 into support. Some analysts believe that Bitcoin could enter a correction as traders book profits following the successful launch of last week’s Bitcoin exchange-traded funds. In the past, the launch of the Bitcoin Futures product by the Chicago …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, SOL, AVAX, ALGO, AXS”
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. Lately, news headlines are focused on regulators’ concerns over the lack of investor protections in the cryptocurrency …
Continue reading “Crypto in the crosshairs: US regulators eye the cryptocurrency sector”
Walmart customers can now add crypto to their shopping lists as the retail giant has started a pilot program that adds Bitcoin-dispensing machines to some of its locations. In collaboration with digital currency exchange platform CoinMe and coin-cashing machine company Coinstar, the megastore says that it has released 200 Coinstar kiosks in Walmarts around the …
A widely followed crypto strategist and trader is predicting the time horizon for a huge Ethereum rally as he maps out the price targets for Polkadot (DOT) and FTX Token (FTT). The trader, known in the industry as Altcoin Sherpa, tells his 136,600 followers that he’s keeping a close eye on Ethereum against Bitcoin (ETH/BTC) …
In a calendar year, the total crypto market capitalization more than quadrupled from $361 billion to more than $1 trillion in January — reaching an all-time high of around $2.6 trillion in May. Just weeks later, more than $800 million was wiped off of the total crypto market cap, representing a decrease of over 33%. …
Continue reading “Fear not, investor: Finding stability amid crypto market volatility”
The online gaming industry has been on the rise for the past few years and for a good reason. From a global pandemic pushing an online revolution to the ever-increasing mobile and internet penetration, more people are spending more time online. It is no wonder the industry is big money, raking in over $20 billion …
Continue reading “Play-to-earn games are ushering in the next generation of platforms”
A new round of fundraising has given crypto exchange FTX a staggering 11-figure valuation, drawing in large institutional investors. The Bahamian-based company gathered $420.6 million with its latest session of fundraising, bringing in capital from blue-chip investors to raise its total valuation to $25 billion. ADVERTISEMENT Key investors included BlackRock, the biggest asset manager …
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Jennifer Wines, vice president of Fidelity Private Wealth Management. Jen grew up between Mexico, Canada and the United …
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Earlier this summer, CNN and The New York Times each warned that the nonfungible token (NFT) bubble, fueled by buzz over eye-popping valuations for digital art and interest from collectors, might already be bursting. As the sixth employee at a social media startup called Wildfire — which was acquired by Google in 2012 — I’m …
Continue reading “We haven’t even begun to tap into the potential of NFTs”
A popular crypto strategist and trader is predicting a fresh price spike for smart contract platform Solana and says one low-cap altcoin is gearing up for a supply shock. Pseudonymous crypto analyst Credible tells his 251,900 Twitter followers that he expects Solana (SOL) to ignite a massive rally after breaking out and starting a new …
Global crypto exchange Binance just shuffled a 10-figure sum of Bitcoin between wallets as BTC clings to the $60,000 level. Crypto data tracker BitInfoCharts spotted a massive transaction to the tune of 36,306 BTC – worth over $2.21 billion at the time of writing. ADVERTISEMENT The transaction was first broadcast to the Bitcoin network …
Shiba Inu (SHIB), a spin-off to Dogecoin (DOGE) token, reached an all-time high following a price surge of more than 46% in just two days. The SHIB/USD trading pair was valued highest at $0.00003941 during press time. The latest price jump of SHIB token is attributed to an ongoing bullish trend from Oct. 15, which …
Continue reading “Shiba Inu surges over 45% in two days to reach an all-time high”
Hong Kong, one of the most significant and leading financial centers in the world, has played a large role in the development of cryptocurrencies. For instance, the Chinese territory has birthed some of the most established and successful crypto companies to date including the crypto derivatives exchange FTX, along with the digital asset platform Crypto.com. …
Continue reading “OTC crypto shops flood Hong Kong, but regulations may impact their presence”
A new report shared by Google’s Threat Analysis Group (TAG) highlights an ongoing phishing campaign against YouTube creators, typically resulting in the compromise and sale of channels for broadcasting cryptocurrency scams. The TAG attributes the attacks to a group of hackers recruited in a Russian-speaking forum, who hack the creator’s channel by offering fake collaboration …
Continue reading “YouTube channels hacked and rebranded for live-streaming crypto scams”
When Square’s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the pain that inflation brings, the concept is in everyone’s mind. Every human has a front-row seat to witness the consequences of the United State’s relentless money printing. And, since the Dollar is still …
Continue reading “Is Hyperinflation Inevitable? Jack Dorsey Says It’ll “Change Everything””
