Cryptocurrency News
Entering the cryptocurrency industry can be exciting, but it’s crucial to make informed decisions. Here are five key factors to consider before pursuing a career in this field: Volatility and Risk: Cryptocurrencies are known for their extreme price volatility. Before diving in, understand the risks involved and be prepared for […]
Token deflationary refers to a mechanism in the cryptocurrency world designed to reduce the total supply of a token over time, ultimately increasing its scarcity and potentially driving up its value. The concept has gained popularity as a way to counteract inflationary pressures in the long term and incentivize token […]
As the week approaches its end, it is crucial to closely monitor polarizing topics that could significantly impact the financial markets. Three key subjects stand out: Curve, RWA, and the Litecoin halving price performance. Curve, a decentralized exchange protocol, has garnered attention due to its innovative nature and potential to […]
Cryptocurrency is an industry that is taken for granted in the modern days. Most individuals need to learn of the potential financial freedom embedded within the ecosystem. When Satoshi Nakamoto generated blockchain technology, the goal was to take power from the monetary system and give it to individuals or citizens. […]
In August, Bitcoin’s address activity experienced a notable surge, reaching its highest level in 3.5 months, with approximately 1.07 million unique addresses integrating into the Bitcoin network. This influx of new addresses represents the most significant growth since April 17th. The increased utility on the network is a positive indicator […]
The term “whale” in the context of the cryptocurrency market refers to individuals or entities that hold a significant amount of a particular cryptocurrency. Their substantial holdings can potentially influence the market due to their ability to execute large trades, known as whale trades. Analyzing whale behavior and its impact […]
The recent trends in the Bitcoin market indicate a shift towards self-custody as the supply of Bitcoin on exchanges continues to decrease. Despite experiencing a drop below the $30k mark last week, the market has not shown severe reactions, suggesting that fear, uncertainty, and doubt (#FUD) are not driving significant […]
Russian President Vladimir Putin’s signing of the bill to grant legal tender status to a “digital ruble” comes at a time of severe economic challenges for Russia, mainly due to the ongoing war in Ukraine and the subsequent Western sanctions imposed on the country. The introduction of a central bank […]
The announcement made by Democratic Presidential Candidate Robert F. Kennedy Jr. to back the US dollar with Bitcoin and exempt investors from capital gains taxes on Bitcoin profits is a bold and innovative proposal in the realm of cryptocurrency policies. Such a move could potentially have significant implications for both […]
There are a few prominent politicians and their government who have expressed support for Bitcoin or shown an interest in cryptocurrency-related topics. Cynthia Lummis (United States): Cynthia Lummis, a U.S. Senator from Wyoming, has been an outspoken advocate for Bitcoin and digital currencies. She has highlighted the potential benefits of […]
Litecoin’s recent achievement of becoming the top cryptocurrency for payments on BitPay, the world’s largest crypto payment processor, is a significant milestone for the digital asset. This accomplishment demonstrates Litecoin’s potential as a practical and widely adopted means of conducting transactions in the crypto space. Litecoin Overtakes Bitcoin The fact […]
The widespread adoption of cryptocurrencies has the potential to have both positive and negative impacts on income distribution globally. On one hand, cryptocurrencies offer financial inclusion to those who are unbanked or underbanked, potentially bridging the wealth gap and reducing income inequality. By providing access to a decentralized and borderless […]
Cryptocurrency, with its decentralized nature and pseudo-anonymity, does have the potential to be exploited for illegal activities such as tax evasion, terrorist funding, fraud, and ransomware attacks. However, it is important to note that the majority of cryptocurrency users engage in legitimate activities, and traditional financial systems are also used […]
MicroStrategy’s steadfast belief in Bitcoin has proven to be a wise investment strategy, as the company’s significant BTC holdings have begun to yield substantial returns. Despite facing challenges such as the bear market and industry crises, MicroStrategy remained committed to accumulating Bitcoin, and their patience seems to be paying off. […]
The cryptocurrency market is a rapidly growing and evolving space, and data and analytics providers are playing an increasingly important role in helping investors make informed decisions. Here are five of the leading data/analytics providers in the crypto space: 1. Chainalysis Chainalysis is a blockchain analysis company that provides compliance […]
Bitcoin dominance refers to the percentage share of Bitcoin’s market capitalization compared to the total market capitalization of all cryptocurrencies combined. It serves as a measure of Bitcoin’s strength and influence within the cryptocurrency market. The recent achievement of a 50% dominance by Bitcoin for the first time in two […]
The UK Law Commission has emphasized the importance of developing laws to regulate crypto assets in order to establish the country as a global center for cryptocurrencies and non-fungible tokens (NFTs). In their statement released on Wednesday, June 28, the independent panel highlighted that these long-awaited recommendations aim to create […]
Circle Internet Financial Ltd., a US-based stablecoin issuer, is closely monitoring the regulatory developments in Hong Kong following the implementation of new crypto rules. Circle CEO Jeremy Allaire expressed the company’s interest in Hong Kong as it aims to establish itself as a prominent hub for digital assets markets and […]