Category: Blockchain

Bitcoin (BTC) plummeted below the psychological price of $30,000 in the last 24 hours for the second time since mid-May. As a result, the entire crypto market found itself on the receiving end because about $98 billion has been evaporated. A major sell-off was witnessed in the global stock market According to Annabelle Huang, a

Despite institutional investment in the crypto market evaporating, a study conducted by Fidelity Digital Assets found out that 70% of institutional investors are still eyeing this field in the future. Price volatility is considered as the biggest stumbling block to new entrants, followed by the lack of fundamentals needed to assess value and concerns around

Three U.S. Republican senators urged United States Olympic & Paralympic Committee (USOPC) Monday to ban American athletes from acquiring or using the Chinese Communist Party’s digital electronic currency Payment, or digital yuan (e-CNY), during the Beijing Winter Olympics in 2022. The letter to Susanne Lyons, the board chair of the United States Olympic & Paralympic

Robinhood Markets Inc. has warned of a potential decline in trading revenue and new clients as the boom in retail investing begins to slow down. The US investing and trading platform is expected to go public as soon as next week.  “We expect our revenue for the three months ending September 30, 2021, to be

Some crypto pundits believe that Ethereum could knock Bitcoin off from its first position and eventually become the first largest cryptocurrency market cap. However, the Ethereum network has been facing serious issues that needed urgent solutions. In May, the average transaction fees on the network soared above $70, thus making the crypto unsuitable for daily

Bank of America (BofA) has established trading of Bitcoin futures for some of its clients. Despite its quite conservative approach in response to cryptocurrencies, the second-largest bank in the United States has now given the green light to some of its clients to access such digital assets due to the amount of margin required to trade the

Cathie Wood-led Ark Investment Management has purchased 225,937 shares, estimated to be about $53.7 million in Square last Friday, the American financial services and digital payments company, according to online media Business Insider. The accumulation just came after Jack Dorsey, CEO of Square, announced that the company was actively creating a new non-custodial, permissionless, and decentralised financial services business

China’s largest e-commerce website, Taobao, a subsidiary of Alibaba Group, exhibited artworks in the form of Non-Fungible Tokens (NFT) for the first time in the Shanghai Taobao Maker Festival recently. Reportedly, this cooperation consists of a tripartite collaboration, including a decentralized application (Dapp) platform NEAR Protocol, Web3Games- a decentralized digital game integration platform developed based on Polkadot Substrate,

Things were not rosy for Bitcoin (BTC) mining even before the Chinese authorities intensified the crackdown on this sector in May. Recent research conducted by the Cambridge Centre for Alternative Finance (CCAF) indicates that China’s share of mining fell from 75.5% in September 2019 to 46% in April 2021. As a result, BTC mining has

The consolidation period in the Bitcoin (BTC) market continued making a negative sentiment recently on Twitter, as acknowledged by Santiment. The crypto analytic firm explained: “Twitter’s sentiment toward Bitcoin remains negative in the amount of volume and tone that our algorithm is picking up. Generally, when there is negativity, there is a higher degree