Meltem Demirors, the chief strategy officer of CoinShares, has revealed that a lot of funds are moving from Bitcoin into Ethereum. Demirors shares her view during an appearance on CNBC’s Squawk Box. She explained that Ethereum was getting the better of Bitcoin. love it when @andrewrsorkin makes me laugh
Besides being one of the richest men in the world according to Forbes, Elon Musk, an early-stage investor of Tesla has made a name for himself in the crypto space, with most people suggesting that the SpaceX CEO may well have a huge influence on Bitcoin and the crypto market
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The NFT sector of the crypto industry has exploded in 2021, similarly to how DeFi skyrocketed last year. As the sector continues to grow and expand, attracting countless celebrities to join and spread the word, many are still debating whether or not NFTs are a passing trend or more. Some
The past week is one Bitcoin and crypto investors would want to forget in a hurry. With reports of the premier coin losing its market dominance to falling below the $50,000 mark for the first time since March 2021, Bitcoin price is back above the $50k mark. After suffering
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The crypto sector has exploded in the last year, after COVID-19 pandemic started to spread — even more so than back in 2017, which was a year known for record growth in interest and funds that went into crypto. With crypto outperforming every other asset, this may have been the nudge
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About a year ago now, in 2020, the world became obsessed with decentralized finance. The so-called DeFi sector started attracting thousands of people, dozens of projects, and dozens of billions of dollars-worth of money. Simply put, it became that year’s crypto trend, and while it has since grown from
A recent write-up released by Chris Larsen, Ripple's co-founder, shows that the crypto executive has a bone to pick with Bitcoin and altcoins that leverage proof-of-work (PoW) consensus mechanism. According to the write-up, Larsen unequivocally stated that the crypto world, Bitcoin especially, needs to abandon the PoW consensus
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Bitcoin * Bitcoin started the week on a negative note. The leading cryptocurrency fell below $50k during the week and has been struggling to maintain the $50k benchmark. Interestingly, in the face of the crash, Bitcoin transaction fees rose to over $50, with the number of unconfirmed transactions exceeding 100,000.
Moritz Schmidt, a German software developer, has made headlines this week after donating $1.2 million (€1 million) to the Green Party. Schmidt who made an enormous fortune from Bitcoin, this week, gave the Green Party arguably one of the largest political donations in the history of the country, in
Securities and Exchange Commission (SEC) commissioner Hester Peirce, known fondly in the crypto community as “crypto mom”, speaking at a talk show claims that Bitcoin cannot be banned. Citing the difficulty in banning something as innovative and decentralized as peer-to-peer (P2P) as a reason, the commissioners who's also
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DeFi is evolving at a rapid pace. There are now several decentralized options protocols in the current DeFi space that users can choose from to fulfill their specific needs. Upon evaluating each protocol’s features, Lien seems to come out on top with offerings that are useful for users that
The number of active Ethereum addresses has climbed to a new all-time high of 771k, breaking previous highs of 739k in November 2020 and 735k in January 2018. Coinmetrics shared the information on Twitter. This week, #Ethereum active addresses hit an all-time high of 771k, surpassing the previous records set
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The traditional profit-gaining approach in the cryptocurrency domain has remained largely around the appreciation of price. People hold and trade BTC so that they can benefit from the appreciation in the price of the asset. However, with DeFi platforms gaining traction, the paradigm is starting to shift. Yield farming is
Pioneer short-let company George Residence, according to a press release, has announced its plan to integrate Bitcoin not only as a payment option but as its primary reserve. Through this announcement, the Nigerian company which broke into the hospitality scene a few months ago will become the first apartment hotel
In what has been described as a shocking week, accrued crypto market value according to reports has declined by billions of dollars after Bitcoin, the premier cryptocurrency suffered a major loss, steeping below the $50k mark for the first time since March 2021. Surprisingly, the market is recovering with BTC
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Chinese crypto miners are now looking past ASICs and GPU miners. They have set their eyes on Chia mining, forcing the prices of hard drives to surge. Several hardware news outlets have reported an increase in investments from Chinese traders into the Chia network mining. This has led to a