Recent market trends, however, have caused a nosedive in the profitability of bitcoin mining, forcing miners to tap into their BTC reserves and sell to stay afloat. With Bitcoin now trading below $30,000 at press time, miners are finding it more difficult to hold BTC without jeopardizing their ability to fund their operations. According to […]
That said, despite price ignoring key support levels, experts have mapped out various on-chain metrics that could prove crucial in rendering a price turnaround. On Saturday, Santiment reported that Ethereum had recorded the highest number of transactions as prices tumbled towards the end of the week. “On the Ethereum network, there were about 3.4 times […]
“The university is partnering with the crypto exchange Coinbase to accept three cryptocurrencies- Bitcoin, Ethereum, and the stablecoin USD Coin – giving students and their families new ways to pay their tuition.” The announcement read. “Bentley University is at the forefront in preparing business leaders with the skills and knowledge to succeed in the changing world economy,” E. As […]
Albeit surging close to $40,000 on Wednesday following the relief of less hawkish sentiments driven by the Fed’s rate hike, Bitcoin fell sharply yesterday, bottoming out at $35,700 before closing at roughly $36,500. According to Coinglass, the total number of liquidations in the past 36 hours has exceeded $427 million with Bitcoin, Ethereum, STEPN and […]
As reported by Wu Blockchain, several altcoins tanked significantly last week as investors brace for Fed rate hikes this week. At the time of writing, many of these assets appear to have recouped some of their earlier losses. While most of the tokens mentioned above are averaging about 5% price drops, ApeCoin and NEAR are […]
Bitcoin believers remain confident that in the long-term, the pioneer crypto will skyrocket despite current market troubles. In what he calls “the doom loop,” Hayes predicts that Western economies, particularly the EU will collapse. The bloc will become unsustainable for several reasons including their sanctioning of Russia, their major source of fossil fuel used for […]
He later began digging into the flaws of BTC and suggested that its dormant block size would hamper adoption and lead to the demise of the OG cryptocurrency. Besides hinting that he shared Elon Musk’s appreciation of the meme king, Ver also praised the honorary Dogecoin CEO for his recent mega-pact to buy Twitter. Ver […]
As bullish as this sounds, it is a slightly lower estimate than the panel’s previous opinion three months ago which predicted a $76,360 value for BTC by year-end. Additionally, in a separate poll administered weekly by Finder, five fintech specialists shared their idea of the trend BTC will follow in two weeks’ time. …Read the […]
The NBU explained that it has taken this course of action to buoy the hryvnia’s standing in the foreign currency market as well as ease pressure on Ukraine’s reserves. Ukraine started accepting donations in cryptocurrencies almost immediately after its eastern European neighbor launched its unjustified attack. …Read the full story
But if Musk doesn’t get Twitter, Cardano’s Hoskinson is open to working closely with the tech titan to create a new decentralized version of Twitter. Though Cardano bears some similarities to ethereum in that it was intended as a basis for smart contracts and blockchain programs, his vision for cardano was a bit different. Diffusion […]
Leading US cryptocurrency exchange, Coinbase has recorded a major outflow of BTC from the platform. Whale activity picked up after Bitcoin lost over 10% of its value during the week to trade for less than $40,000. 13% of all Bitcoins in existence are held by a little over 100 whales with analysts noting the immense […]
On the other hand, an operator of a digital trading platform who wishes to engage in the business of circulation of virtual currency must have at least 100 million rubles or $120 million. The bill however puts the two operators under stringent rules including the preparation of annual reports, requirements for management bodies, internal audit, […]
Ether has been on a sustained uptrend since mid-last month, adding over $1,200 with the Altair upgrade and the news of upcoming CME micro ether futures in early December taking it to new heights. However, Bitcoin continues to dominate the crypto realm with an over $1.2 trillion market capitalization, despite being down 0.64% in the […]
However, the SEC maintains that it is considering spot ETFs under a different set of laws than futures ETFs. According to Michael Saylor, they may be the major catalyst required for trillions of dollars to enter the Bitcoin market and drive Bitcoin to overthrow gold. However, the market is getting increasingly wary of the SEC’s […]
Tim Wu, an antitrust expert with the Biden administration has been precluded from advising the government on matters hinging on Bitcoin and cryptocurrencies. His holdings are a departure from his previous stance regarding Bitcoin where he referred to the asset class as being a “shared hallucination” and a “bubble.” However, he reserved a measure of […]
His recent tweet once again triggered such reactions. Musk first made similar comments back in July during the B-Word conference when he was on a panel with Twitter CEO Jack Dorsey and Ark Invest’s Cathie Wood. Proponents pointed out that it was not inconceivable that in the future, Bitcoin nodes would become more commonplace and […]
A top US Business school has embraced cryptocurrencies and blockchain enthusiasts are giddy with excitement. The Wharton School of the University of Pennsylvania has announced that it will begin accepting Bitcoin and other cryptocurrencies from students as a means of paying their tuition. The course is titled “Economics of Blockchain and Digital Assets,” and is […]
Fundstrat expects ProShares Bitcoin Strategy ETF and the host of others that have begun trading on regulated exchanges to see record inflows in their first year of trading. The SEC, after years of rejections of cryptocurrency ETFs, has been on the roll with the approvals of the investment vehicles. The structuring of the ETFs such […]