Category: Blockchain

U.S. regulators and legislators concerned about the recent oscillation in the cryptocurrency market, considering re-examining crypto-asset legislation, after the Bitcoin (BTC) plummeted by more than 30% on Wednesday. BTC plummeted by more than 30% on Wednesday, and the huge volatility resulting in panic selling in the entire cryptocurrency market. According to Coinmarketcap, the market capitalization of the entire cryptocurrency

  Cryptocurrency is perhaps the most suitable asset for day trading. Not only because the markets are open 24 hours a day, 7 days a week, but also for the relatively high volatility of the market. Take Bitcoin as an example, it fell by 50% in the past 7 days,. While the high volatility could

Wells Fargo & Company (NYSE: WFC) announced Wednesday that it would establish professionally managed crypto funds for its premium clients.  In the report titled “The Investment Rationale for Cryptocurrencies”, the US bank said that its wholly-owned subsidiary – The Wells Fargo Investment Institutes (WFII) – stated that the risk associated with cryptocurrency implied that it would favour

Justin Sun, the Tron (TRX) founder, revealed that he is holding the forte as the global cryptocurrency strives toward recovery after a week-long plunge. Sun revealed on Twitter that he had purchased as much as 4145 Bitcoins with $152,818,183 at an average price of $36,868. The market crash, caused by Tesla’s unprecedented U-turn on accepting

Despite the price of Bitcoin (BTC) retracted by 30%, followed by a plummet intraday Wednesday. the bulls are trying to push Bitcoin stand firm over the 200-Exponential Moving Average (200-EMA) of around $42K.  The market believes that this was the first time BTC has dropped to the 200-MA, a key stragetic indicator, since the outbreak of

MicroStrategy Incorporated, a Nasdaq-listed business intelligence and software firm, topped up its Bitcoin (BTC) accumulation with an additional 229 Bitcoin (BTC) purchase in cash. The latest purchase, worth as much as $10 million, came few days after the company acquired 271 units of the cryptocurrency, establishing its stance as a true Bitcoin investor.  As revealed by Michael

Three major regulatory bodies in China have prohibited banks and financial firms to provide cryptocurrencies transaction services. The news, published by Reuters Wednesday, highlighted that the affected outfits must not offer clients any services involving cryptocurrencies, such as registration, trading, clearing, and settlement, including banks and online payments channels. Three entities include the National Internet Finance

The financial services industry is one of few leading industries that has yet to be completely disrupted by technology. But the fintech revolution is now underway, thanks in part to the massive amounts of capital flowing into cryptocurrencies. So what is changing and what will the financial landscape of the future look like? To answer

Gavin Wood, the creator of Polkadot and Kusama, announced in the official blog today that the Polkadot mainnet is about to start phase five-the final phase of Polkadot where decentralization and permissionless features will be achieved at the end of July 2020.  The core developers will manage the launch of parachain functionality and the auctions

A new study released by Galaxy Digital Holdings Limited shows that the traditional banking system consumes double the amount of energy that Bitcoin mining uses. Galaxy Digital, an asset management company owned by crypto bull Mike Novogratz, released a quantitative study comparing Bitcoin’s energy consumption to the traditional banking system and gold industries, accompanied by