Over the past year, Bitcoin adoption in Africa has grown by over 1,200%. According to a report by blockchain analytics firm Chainalysis, Africa is the third-fastest growing Bitcoin economy globally. The increased crypto activity in the region has been fuelled by retail investors who turn to Bitcoin for savings,
According to data compiled by cryptocurrency trading simulator Crypto Parrot, an average of 149,843 new unique Ethereum addresses have been created daily since the beginning of the year. The highest number of addresses created (332,094) was recorded on June 5, and a total of 1,389,999 unique
Cathie Wood, the CEO of Ark Invest, expects Bitcoin to climb to $500,000 in the next five years. The avid Bitcoin advocate voiced her bullish prediction during an interview with CNBC anchor Andrew Ross Sorkin at the SALT Conference in New York City on Monday. In response to a
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Day trading tends to be a retail trader’s gateway into the trading world. It has a low barrier to entry and doesn’t require significant upfront capital. But that also means it’s easy for new traders to lose their hard-earned cash to the market due to technical and
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Reality Cards — a hybrid between a predictions market and an NFT marketplace currently in beta on the EVM-compatible Polygon—is exploring the crypto Twitter metaverse, looking to hire talented digital artists, a recent post reveals. "Reality Cards are finally bringing prediction markets into the NFT space" - Alexandra
China’s Hebei province has become the latest region to clamp down on Bitcoin mining operations, Reuters reported. However, it appears the crypto market has become immune to negative news from China. The northern region issued a statement agreeing to act together with other government departments to crack down on
New York-based Magnum Real Estate Group is looking to sell three ground-floor stores valued at $29 million as part of a luxury residential project in Manhattan and is open to accepting Bitcoin as payment for services. Available to let at 385 First Avenue, commonly known as CODA, is over 9,
Ernst & Young, one of the Big Four consulting multinationals, announced on Monday that it had integrated its flagship blockchain services with Polygon, a layer 2 Ethereum scaling solution. The services offered include the EY OpsChain and EY Blockchain Analyzer, which will allow its corporate clients to process blockchain-based transactions
Some US Democrats have proposed tax initiatives to fund a $3.5 trillion spending portfolio. The move could potentially affect crypto users. A document released by the House Committee on Ways and Means on Monday revealed that the proposal would increase the tax rate on long-term capital gains from the
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In 2020, the value of the global gaming market reached $167.9 billion. With a projected value of $287.1 billion by 2026, it is obvious that the industry will continue to thrive in the coming years. Much of the sector’s growth can be attributed to the proliferation of
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The blockchain space in general and decentralized finance, in particular, is constantly evolving with every passing day. This has necessitated blockchain-based projects to be innovative in order to be better positioned to serve their users at all times. Any project in the blockchain ecosystem that is not constantly innovating is
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Digital collectibles have taken the blockchain industry by storm. As a result, non-Fungible tokens are in high demand, and there is room to explore new ideas. CakePunks offers a slightly different take on non-fungible tokens from an investment viewpoint. A Different Take On NFTs People who navigate the current NFT
After an encouraging bullish run, most major cryptocurrencies including Bitcoin (BTC), Solana (SOL), and Cardano (ADA), were trading in the red on Monday as the crypto market fell by $100 billion. The total market cap of the cryptocurrency space currently stands at $2.02 trillion, a 4.67% decrease over
MicroStrategy, a business intelligence firm and corporate Bitcoin whale, announced on Monday that it had acquired an additional 5,050 BTC for about $242.9 million. MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per #bitcoin. As
Following a visit to the DMCC crypto arena in Dubai, the Finance Minister of Zimbabwe, Mthuli Ncube, urged citizens to embrace cryptocurrency payments. The relatively lower cost of remitting funds caught the official’s attention. According to the World Bank, Zimbabweans in the diaspora spend up to $90 million in
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With the layer-2 scaling solution and tentative Alonzo upgrade, Cardano, the third-largest crypto platform based on market cap, has continued to reach and exceed new heights. Identified as an Ethereum-killer, Cardano is offering developers an opportunity to create and launch numerous projects on its blockchain. Albeit being in existence for