Amid Tesla’s $1.5 billion Bitcoin purchase and positive market actions, a former British member of parliament, Nick Boles, has called on central banks across the globe to ban Bitcoin. Boles made the revelation on Twitter while responding to another tweet highlighting Bitcoin’s annual energy consumption. The politician
In December 2020, on-chain analytics provider Glassnode warned that Bitcoin was heading for scarcity with about 78% of Bitcoin circulating supply being illiquid. Recent research from the same firm reveals that Bitcoin’s liquid supply has continued to drop. With nobody really willing to sell, investors are jostling to buy
Ethereum’s rising prices are giving miners a reason to celebrate. On the flip side, high gas fees are making the network almost unusable to small-time players. According to research from crypto analytics provider Glassnode, Ethereum miners earned $3.74 million in a single hour on February 5, making it
According to a report from crypto asset manager CoinShares, a significant percentage of institutional crypto inflows went to Ether products over the last week. Ethereum dominated the market by receiving $195 million (about 80%) out of the $245 million crypto inflow last week. This is an indication that institutions were
Following several endorsements from Tesla’s CEO Elon Musk, Bitcoin’s social sentiment has spiked on Twitter. The number of Bitcoin-related conversations on the social media site has exceeded 140,000 in the last 24 hours. Joshua Frank, the co-founder and CEO of crypto data provider The TIE made the
Plasm Network, a multi-virtual machines scalable smart contract platform on Polkadot, has raised $2.4 million in a Series A funding led by Binance Labs. Binance Labs is the venture capital and incubator of popular exchange Binance. Apart from Binance Labs, the investment round also saw the likes of PAKA
Ethereum futures trading opened on Monday on the Chicago Mercantile Exchange (CME), the world’s largest derivatives exchange. Following its debut, the futures, which has already developed a slight premium, may usher in a new wave of interest to Ethereum. While Ethereum was trading on global exchanges at around $1714,
Elon Musk is not just hyping Bitcoin. The world’s richest man is putting his money where his mouth is. A filing with the SEC has revealed that Musk’s Tesla invested $1.5 billion into Bitcoin in January. As news of the purchase trickled in, the price of Bitcoin
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Peter Schiff has come after the world’s richest man Elon Musk for shilling Dogecoin. According to the major Bitcoin critic and CEO of Euro Pacific Capital, Musk is hyping Dogecoin so that he can get in early. Tesla’s CEO Musk has been quite vocal about Dogecoin. He recently
Barely a week after proposing a bill to restrict cryptocurrency transactions in the country, the Indian government is looking to fast-track the process to regulate digital currencies in the country. Government officials may take the “ordinance route” according to news outlet CNBC-TV18. Walking this road would require the President of
MicroStrategy’s Michael Saylor has taken his Bitcoin crusade to over 6,900 willing enterprises. In the just-concluded MicroStrategy World 2021 virtual conference, Saylor revealed that 8,197 out of the 22,000 attendees were interested in hearing his talk about Bitcoin and its market potential. Saylor made the revelation
Snoop Dogg has become the latest celebrity to hype Dogecoin. What began as a joke with billionaire Elon Musk is growing into a rather serious movement. In a viral tweet addressed to Tesla’s CEO Musk on Saturday, Snoop Dogg posted a photoshopped cover of his seventh studio album with
Although digital assets and their underlying blockchain technology have received a lot of media attention in recent times, this relatively nascent industry is still struggling with mainstream adoption. Whilst there are other hurdles such as ease-of-use and accessibility, scalability has remained one of the major roadblocks slowing down the widespread
The Federal Government of Africa’s most populous nation, Nigeria, has decided to put the final nail in the coffin of cryptocurrencies in the country. A new directive from the country’s central bank is ordering all national banks and financial institutions to close the accounts of all customers linked
About two weeks ago, Bitcoin billionaire and venture capitalist Chamath Palihapitiya indicated his interest to become California’s next governor. He even went as far as creating a website and dishing out campaign promises. Surprisingly, Palihapitiya is no longer interested in the race. Referencing his need to focus on business,
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The world’s largest crypto asset manager Grayscale Investments is living up to its name. Recent data posted by the firm reveals that it purchased nearly $1 billion worth of Bitcoin and other cryptocurrencies in a single day. This new daily record beats its previous record of $1.2 billion