In April, Bitcoin crashed to $52,000 after crossing the $60,000 benchmark. Apart from the upcoming crypto regulations from the United States, several experts blamed the crash on a drop in hash rate. As per the reports, there was a major power outage in Xinjiang, China, which disrupted the
Chinese regulators are planning a stricter clampdown on cryptocurrency. This time around, they will be going after cryptocurrency mining and trading. China’s Financial Stability and Development Committee (FSDC) revealed during its 51st meeting that it intends to tighten its leash on crypto mining and trading by focusing on lowering
David Rubenstein, a private equity titan, has voiced his support for Bitcoin and other cryptocurrencies amid the market crash. The billionaire dismissed suggestions that the market is a bubble that will pop in the future. During an appearance on CNBC’s Squawk Box, Rubenstein revealed that he does not have
Tesla’s CEO Elon Musk got more than he bargained for on Thursday after trying to troll MicroStrategy’s Michael Saylor for disputing an article on Bitcoin’s energy problems. Although Musk may still be called the king of crypto Twitter, it appears that the community is getting tired of
In a recent exclusive appearance on CNN Business, Ethereum’s co-founder Vitalik Buterin expressed his thoughts on the recent crypto market crash and the overall state of the crypto industry. Buterin, who lost his billionaire status in the latest market correction, said that he was not bothered about the crash.
Opinions
Even with blockchain gaining the greatest exposure to the public in the 2017 ICO craze and the latest DeFi movement, the fact remains that the technology and its implementations are still in the earliest stages. Blockchain and crypto have a lot of untapped potentials and with their innovative and disruptive
Analysis
On Wednesday, May 19, 2021, the entire crypto market was thrown into a sea of red, with several digital assets recording double-digit losses. Bitcoin dropped to a low of $30,200 after months of trading around $50k, representing a dip of over 50 percent from its all-time high of $64k.
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As the non-fungible token’s market continues to progress, many players are getting involved with this new blockchain frontier. Perhaps one of the most innovative launches in the space is Watch Skins, which announced the release of the first-ever wearable NFT, in the form of an NFT watch face. Creating
In a bid to clamp down on tax evaders, the United States Treasury has moved to strengthen its restrictions on cryptocurrency transactions. Moving forwards, U.S. investors are required to report all transactions above $10,000 to the Internal Revenue Service (IRS) for documentation and taxation. The news broke right
An attacker has made away with a whopping $200 million from PancakeBunny after exploiting the Binance Smart Chain (BSC) exchange. The PancakeBunny team confirmed the incident in a tweet on May 20, explaining that there was no smart contract hack or vault breach. Instead, what the attacker did was more
Analysts at JP Morgan have said that institutional investors may start dumping Bitcoin in favor of gold as the leading cryptocurrency dipped below $40,000 yesterday. According to a report by Reuters, the analysts believe that these big-money players are panic-selling their Bitcoin stash to grab gold. The claims by
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Fantom, one of the world’s fastest growing blockchain platforms has announced it is working alongside Chainlink ($LINK), the most popular and trusted decentralized oracles provider. Chainlink also expanded their tech to ensure verifiable randomness, which is now natively available on Fantom. Fantom sees thousands of users utilising daily for
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The NFT mania this bull season is not just limited to crypto enthusiasts and has gained mainstream momentum with the likes of top athletes and celebrity artists auctioning their rare memorabilia and art using blockchain. NFTs have turned into the biggest success story to emerge out of crypto space this
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Over the past few days, the cryptocurrency markets turned blood red as investors, institutions and the mainstream media reacted to Elon Musk’s “environmental rant” on Bitcoin (BTC). Despite the crypto community resulting in bashing the second-richest man, there remains a concrete need for changes in mining – and its effects
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The blockchain story has captivated heads of nations, CEOs of large enterprises, the entrepreneurship minds of startup teams, as well as the average individual. There is no doubt that this technology has had its fair share of mainstream buzz. And it has spurred a multi-billion-dollar market, slowly coming to terms
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When making investment decisions, any extra bit of information you can get is invaluable. This is because the right information can be the key to unlocking your investment potential more so in the burgeoning digital asset space. To expound, an investment advisor is essentially a person or group that makes