Category: Blockchain

Ethereum was down by 6.88% at 06:49 AM, UTC on Wednesday, with its price trading at $1,884.98 and its trading volume stood at $17,462,593,864. The 4-hour ETHUSD chart on the Coinbase exchange showed the presence of a descending wedge that signals a downward trend as Ethereum price is likely to continue to see a decline.   The

The world’s leading payment giant, Visa, approved the Australian startup CryptoSpend to issue debit cards for its customers to consume through cryptocurrencies. According to the Australian Financial Review on July 14, the debit card will allow CryptoSpend customers to spend their cryptocurrency profits in stores, bars, and other places to pay for daily necessities through

Anhui, an eastern Chinese province, has become the latest region to shut down all crypto mining activities, citing an acute power shortage. Crypto mining continues to be unwelcome on Chinese soil as authorities continue cracking the whip on this sector. Intensified crackdown on Bitcoin mining According to Reuters, citing a news portal operated by state-owned

Ethereum (ETH) continues to surpass Bitcoin in terms of the value settled on-chain daily, as acknowledged by market analyst Lark Davis. He pointed out: “Ethereum is still settling 3X as much as Bitcoin every day on-chain! Incredible! I highly suspect this gap will increase now that we have layer twos like Optimism coming online.”

The cryptocurrency miner BIT Mining Limited, a Shenzhen-based company, announced that it will raise $50 million through private placement to expand its crypto mining business to overseas markets. According to an official statement released on July 12, BIT Mining Limited, listed on the New York Stock Exchange in the United States under the code “BTCM”, has signed a

Cryptocurrency is a form of digital currency that exists only on the internet. Unless you utilize a service that allows you to exchange cryptocurrencies for a physical token, there is no actual coin or bill. Are you perplexed by cryptocurrencies such as bitcoin and Ethereum? You’re not the only one who feels this way. It

Ethereum locked in the ETH 2.0 deposit contract continues to outway the one being mined daily, which is a bullish sign, according to market analyst Lark Davis. He explained: “Ethereum 2.0 has 195,878 validators running the network with a total of 6.268 million ETH deposited. Currently, we are seeing more Ethereum a day flowing

Grayscale Investments LLC announced Tuesday to select the BNY Mellon bank (The Bank Of New York Mellon Corporation) as its assets service provider for the Grayscale Bitcoin Trust. The development comes when the crypto firm plans to convert its Bitcoin fund into an Exchange-Traded Fund (ETF).  Based on the partnership they reached, BNY Mellon bank would start handling

American financial services provider, Capital International Group, acquired 12.2% of the shares in MicroStrategy, the world’s largest Bitcoin holder. According to a document submitted to the US Securities and Exchange Commission (SEC) on July 12, the paper shows that Capital International Group, a large US asset management company, bought 953,242 shares of MicroStrategy common stock on the

UK detectives have seized cryptocurrencies worth nearly £180million, approximately $250 million. A 39-year-old woman was released on bail after under arrested. This seizure becomes the largest on British soil because it tops the £114 million, roughly $160 million, confiscation by the Metropolitan Police in June.  A 39-year-old woman suspected on suspicion of money laundering offences and was