Category: Blockchain

A surge above the $42K level provided a sigh of relief in the Bitcoin (BTC) market after months of consolidation. Nevertheless, the leading cryptocurrency was down by 2.63% in the last 24 hours to hit $38,541 during intraday trading, according to CoinMarketCap.  On the other hand, the Realized Cap HODL Waves indicator, as availed by

The Non-Fungible Token (NFT) metaverse boom is growing, as shown in the transaction volume of the popular marketplace, OpenSea. According to Devin Finzer, the co-founder and CEO of OpenSea, the platform processed $95 million worth of NFT transactions in two days compared to the cumulative volume of $21 million recorded in the entirety of 2020.

Bitcoin miners seem to be on the right footing as the hashrate is on an upward trajectory after nosediving by more than 50%. Crypto analytic firm Dilution-proof explained: “The Bitcoin hashrate has recovered enough that its 30-day moving average (Green) is close to a bullish crossover of its 60-day moving average (Blue), which precedes

Ethereum 2.0 investors are all geared up as the deposit rate into the network’s contract address has increased of late. According to Data from CryptoQuant, the number of accounts that deposited 32 ETH into the smart contract surged to over 4,000 following the latest major correction of the cryptocurrency. The increased bet on the future of

American cryptocurrency trading platform Voyager Digital announced, Monday, August 2, the acquisition of Coinify-a secure online platform that offers an easy way to buy and sell virtual currencies. The acquisition will be carried out in the form of a share purchase. Voyager Digital will issue 5.1 million Voyager shares and $15 million in cash for

The heated feud between blockchain payments firm Ripple Labs, its executive Brad Garlinghouse, and the United States Securities and Exchange Commission (SEC) which commenced last December, has drafted Binance, the world’s largest crypto exchange. Per the court documents filed in the Southern District of New York on Monday, Garlinghouse’s lawyers are requesting Binance to provide

Wealthfront automated investment service firm has announced that it has added two cryptocurrency trusts to its variety of funds. The robo-adviser, which has $21.5 billion in assets under management, added the Grayscale Bitcoin Trust and Grayscale Ethereum Trust to its menu of available investments, a list which also includes a handful of Dimensional Fund Advisors’

The German administration is set to green-light legislation on Monday (August 2), which will permit institutional funds to invest as much as 20% in crypto assets like Bitcoin (BTC). This will be a significant step forward for the crypto space because it has never happened on German soil. A boost to institutional investors As per

Digital payment giant Square officially released the Shareholder Letter of the second quarter of 2021 on Sunday. Its financial data for the quarter showed that although the company’s Bitcoin holdings were devalued by $45 million, the quarterly Bitcoin revenue of its Cash App has tripled. Cash App is a mobile payment service developed by Square,

The digital commercial payment giant Square announced on August 1 that it would acquire the Australian payment platform Afterpay for 39 billion Australian dollars ($29 billion US dollars). Square will acquire all the issued shares of Afterpay in the form of a stock purchase, and it is expected to complete the acquisition in the first