Category: Blockchain

As Bitcoin continues to consolidate between the $30K and $40K range, BTC investors holding coins between two and five years are still confident about their investment. On-chain metrics provider Glassnode explained: “Bitcoin aged between 2y-5y old was accumulated between 2016 and 2019 at prices ranging from $640 to $20K. Conviction of these investors remains

Ripple XRP was down by 3.45% at 04:52 AM, UTC today , trading at $0.6286 with trading volume of $1,770,624,452, and market capitalization stands at $29,030,014,025, thus ranking it the sixth largest cryptocurrency. Since June 21, XRP has been in a consolidation phase, although sellers appear to overweigh buyers but gradually decline. The 4-hour XRP/US Dollar chart

The Australian government has allocated more than 5.6 million Australian dollars (around $4.1 million US dollars) to support two new blockchain pilot projects to study how blockchain can improve the competitiveness of Australian production in the mineral and food and beverage industries. According to a statement released from the Australian government on Monday, the government has

Fidelity Digital Assets, a subsidiary of Fidelity Investment Inc., has announced plans to expand the number of its staff so that to meet the rising demands for crypto services from institutional investors, according to a Bloomberg report.   The subsidiary intends to hire about 100 employees in technology and operations across Salt Lake City, Boston, and

The ripple effect of the recent crypto market crash continued as trading volumes at major exchanges nosedived by more than 40% in June. The crypto space found itself on the receiving end after Chinese authorities’ intensified mining crackdown implementation. Low volatility witnessed According to London-based researcher CryptoCompare: “Spot trading volumes fell 42.7% to $2.7

Blockchain is gaining momentum in the world of technology due to its decentralised ecosystem and real-time tracking of various transactions. Recognising these qualities, Salesforce- the leader in the cloud-based CRM system has introduced Salesforce Blockchain to help clients work in a secured and transparent ecosystem and create strong Blockchain applications through easy point and click

Woori Financial Group, one of the leading banking groups in South Korea, has announced that it will establish a digital asset custody joint venture with Korean blockchain developing company Coinplug. According to the Korea Economic Daily reported on July 11, Woori Bank, a subsidiary of Woori Financial Group, plans to establish a digital asset custody

JPMorgan Chase, citing a report, stated that El Salvador’s designation of Bitcoin as legal tender would bring various obstacles to its country, questioning the robustness of the payment mechanism, Bloomberg reported Monday. A team at JPMorgan Chase stated that Bitcoin’s cross-traffic liquidity, high price volatility, and USD exchange risk are the main challenges for its

While the 1.99% growth in the total market capitalisation of the cryptocurrency industry deserves applause, it is a far cry from the $2.5 trillion it once recorded back in May. Attributed to the Fear, Uncertainty, and Doubts (FUD) spread by Tesla CEO Elon Musk and China’s ensuing ban on crypto. The entire crypto ecosystem has crumbled under the weight of

Australian online broker SelfWealth plans to list ten cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), on its trading platform to provide customers with diversified investment categories before the end of this year. SelfWealth currently is one of Australia’s largest non-bank online brokers, listed on the Australian Securities Exchange (ASX). Its platform owns 95,000 investors, with assets