Category: Blockchain

Jamie Dimon, the CEO of JPMorgan Chase Bank, once again reiterated his stance on Bitcoin cryptocurrency, still believing that people should not invest in crypto. The US billionaire investor’s view on Bitcoin did not change much over the previous few years.  While speaking at a virtual hearing organized by the US House Committee on financial services on

Do you know that bitcoin mining consumes around 128.77 terawatt-hours(TWh) a year? And is it likely to fall unless the value of currency collapses? Mining for cryptocurrency consumes a massive amount of power with heavy computers and machines, leaving a destructive impact all over the globe. Mining is the process that involves transaction verification on

After record highs of $1.2 trillion in terms of market capitalization, Bitcoin’s value recently nosedived following a market crash and was standing at $743.94 billion on Thursday, according to CoinMarketCap. This price drop did not slacken the spirits of long-term Bitcoin holders, as acknowledged by on-chain analyst William Clemente III. He explained: “BTC supply

The South Korean administration is not relenting on its quest to levy a 20% income tax on capital gains from crypto transactions in 2022, despite growing investor concerns for the taxation plan to be delayed. Crypto gains will be classified as “miscellaneous income” During a vice-ministerial interagency meeting, the South Korean government revealed that its

Today, the well-known cryptocurrency exchange OKEx officially announced establishing strategic partnership relations with CuboPay, a local payment processor with extensive experience and an excellent reputation in Brazil. Exchange users are now allowed to use Brazilian real (BRL) through PIX in exchange for Tether ($USDT) purchases. PIX is an instant payment system created by the central bank

Bitcoin (BTC) and Ethereum (ETH) have had a strong correlation since 2018, despite the emergence of a new bull run last year, as acknowledged by Skew. The crypto data provider explained: “A high correlation regime between BTC & ETH started in 2018 and has persisted until now despite the start of a new upcycle

HONG KONG – MAY 13 2021 – Hex Trust, the leading digital asset custodian for the banking sector, today announced its partnership with Chainalysis, the blockchain analysis company. Hex Trust will adopt Chainalysis KYT (Know Your Transaction), the compliance solution, for realtime transaction monitoring, and Chainalysis Reactor, the investigative tool, for enhanced due diligence. This

$790 million Ethereum options will expire today, providing speculators with the last opportunity to buy or sell Ethereum (ETH) at a predetermined price. Previously, on May 23, a series of negative impacts influenced the market due to China’s promulgation of a prohibition on cryptocurrency mining and Elon musk’s announcement that it would no longer accept

UC Berkeley will auction data for immunotherapy and gene editing from the Nobel Prize winners to non-fungible tokens (NFT) next week. The revenue it raises will help the future research for the University. Bloomberg reported that the auction would take place next week on Jun 2 at an Ethereum-based NFT auction platform, citing the University’s

The price of Gold experienced an uptrend at around 1901.00 level on Thursday, May 27, thus keeping its stability above the intraday bullish channel’s support line that appears on the chart. Gold is experiencing positive momentum to support chances of resuming the expected bullish trends on the intraday and short-term basis, to push its price