A long awaited Ethereum 2.0 “Beacon Chain” have gone live today, signifying a beginning of evolution in the Ethereum network. The Ethereum 2.0 network enters the “Phase 0” of the 6 step roadmap, with the Genesis Block launched into existence. The new and improved Ethereum 2.0 network promises scalability, betterContinue Reading
The South Korean government have issued a taxation law on cryptocurrency trading gains back in July 2020. The new tax law suggested a 20% tax rate on income from crypto trading for crypto traders who earn more than 2.5 Million Won a year ($2,260 USD). The new tax, that wasContinue Reading
Continuing trend of raising cryptocurrency prices challenges the traditional economy by outgrowing some largest players in size. Bitcoin sets an ATH price record The Bitcoin price surged to $19,692.34 today, and is currently traded past $20,000 mark on some markets. This long-awaited breakthrough sets a new ATH record, beating theContinue Reading
Despite recent news about possible legislations for cryptocurrency trade in the United States, and the confiscation of more than $4.2 billion worth of crypto by Chinese police, the positive market trend returns with new power. The initial reaction of the market to recent news results in a massive sell-out, whichContinue Reading
New concerns about regulations of the raising crypto economy in the United States drive the market in reds, as the Trump Administration releases propositions to regulate Crypto, and prevent access to biggest Cryptocurrency Exchanges from the US. What proposed as an Anti Money laundering laws, aims to change the fundamentalContinue Reading
Why the Bitcoin is falling Today this question sparks minds of many Crypto traders and Bitcoin holders. In less a time span of less than 6 hours, it’s lost over $2000 value, crashing from $19,000 towards $17,000. One of the key factors at play is the new crypto economy ColdContinue Reading
John Ratcliffe, the director of US National Intelligence, have called the Digital Yuan a national security and raised concern on the Digital Dollar’s “lagging behind” in development Director of US Intelligence have written a letter to SEC Chairman Jay Clayton a few weeks ago. In this letter he raised concernsContinue Reading
ETHEREUM 2.0 STAKING Ethereum 2.0 Staking is nearing launch readiness with over 253,664Â ETH staked so far, and 270624Â ETHÂ still need to be raised to reach the launch threshold. Watching the progress of the Ethereum 2.0 staking in the last few days seemed like a still picture — just 2 days agoContinue Reading
A yield finance protocol Pickle Finance was hacked today for a significant amount. Pickle finance representatives advised its users to withdraw their DAI balance from Pickle, until the situation gets resolved. Pickle of a situation Nearly $20,000,000 DAI was stolen from a wallet belonging to Pickle Finance by a hacker.Continue Reading
A Large Amount of 320 Million Tether USDT was minted today at the Tether treasury.Continue Reading
A Dubai based ICO consulting agency invests $10,000,000 to support the launch of ETH 2.0 The company partnered with Canadian staking service CanETH for this effort. The total funding consisting of 21,984 ETH will be sent in three tranches, securing the total of 687 validators. The chairman of IBC GroupContinue Reading
Today, November 17th the Bitcoin/USD market experienced a surge in Bitcoin price jumping from $16300 to $17800 in 24 hours This marks an ATH flat price increase in 24 hours, setting a FOMO trend on the Bitcoin market In recent days, the Cryptocurrency traders and investors heard a stream ofContinue Reading
International Financial Services Provider Citibank exposed clients to it’s Bitcoin target price of $318000 by December 2021. CitiBanks Managing Director have released a report for institutional clients, called “Bitcoin, the 21st century gold” where he argues that it’s possible for Bitcoin to become the new Gold Standard. The CitiBank’s ManagingContinue Reading
November 2020 is definitely exciting time for Bitcoin. Being traded at the $4850 mark in May 2020, it is currently breaking through the $16000 per Bitcoin barrier and setting new records in wallets holding 1 BTC or more and the number of active wallets overall. The new record for BitcoinContinue Reading
Today the crypto market is shocked to hear numerous reports from the USA traders stating the Binance have started blocking USA accountsContinue Reading
By now the victory of President Biden on the USA’s presidential elections is obvious. What possible effect will this have on crypto market? Let’s try to figure out.Continue Reading
Most of the Altcoins are on the rise today, while the Bitcoin consolidates failing to break $15500 resistance The Bitcoin briefly touched the 65% dominance mark which is a record percentage since the April 2017, and then declined back to 63% and is currently trading at $15200 Currently, the EthereumContinue Reading
Switzernand based fully regulated crypto bank Sygnum became the first regulated bank to launch staking service for major cryptocurrency.Continue Reading
Cloud mining company Hive Blockchain have bought and deployed 1240 Bitcoin mining ASIC machines. According to Asicminervalue, the 1240 MicroBT WhatsMiner M30s cost about $2750 per unit and produce 0.0007 BTC each on daily basis. This might sound great at first, but when we detract the electicity costs it meansContinue Reading
The Bitcoin $BTC price is currently trading past $15500, which is the highest level since January 2018. This is one of the driving factor why Bitcoin Mining is getting more and more profitable today. Bitcoin miners revenue hit a record $20.8 mil on November 4th. This is the highest numberContinue Reading
According to Glassnode data, the amount of Bitcoin wallets with at least one bitcoin on balance has reached a new maximum, numbering at 824,193 wallets with 1 or more bitcoin on balance. The previous record of 824,160 was observed on 17 September 2020 Opinion This is yet another signal demonstratingContinue Reading
Galaxy Digital founder Mike Novogratz has spoken to CNBC’s Squawk Box on November 4, saying positive things about BTC as Bitcoin was roaring in the $13,800 area. The ex-partner at Goldman Sachs and founder of Galaxy Digital assumed that the Rubicon in Bitcoin adoption has been crossed as major financialContinue Reading
The CEO of FTX, a Hong-Kong based cryptocurrency exchange FTX have donated $5.2 million dollars to Joe Biden’s presidental campaign. Previously FTX launched a features contract to allow traders bet on the 2020 USA Elections outcome. The Trumpwin and Trumplose tokens are designed to be exchangeable for 1 USD eachContinue Reading
Bitcoin has undergone a strong rally since Monday’s lows of $13,200. The leading cryptocurrency currently trades for $13,900, up 3.2% in the past 24 hours. Bitcoin is trading slightly below its daily highs of $14,100, which it breached earlier today when the U.S. Dollar dropped rapidly. One historically accurate traderContinue Reading
PayPal (https://www.paypal.com/)’s CEO remarked about the payments company’s newly-unveiled crypto offering during its Q3 earnings call on Monday and highlighted how the firm intends to add more digital currencies in the future 💱 Highlighting PayPal’s work with regulators on the digital currency front, PayPal CEO Daniel Schulman (https://www.linkedin.com/in/dan-schulman) noted: “ThisContinue Reading