Category: Blockchain

Despite Bitcoin (BTC) experiencing a sharp correction from the historic high of $69,000, market analyst Ali Martinez believes that bulls have not thrown in the towel based on the formation of a parallel channel even if it drops to the $54,000 level. Martinez explains: “Bitcoin remains bullish! Although the recent correction may have flushed out

Perth Heat, a popular team in the Australian Baseball League (ABL), publicly entered the crypto markets after announcing on November 17 that it will pay players and staff in Bitcoin. Heat revealed that it has partnered with the crypto payment firm OpenNode to accept and send Bitcoin payments powered by the Lightning Network. Perth Heat CEO

The US Securities and Exchange Commission is probing BlockFi cryptocurrency lending platform over its high-yield, interest-bearing accounts. Earlier this year, a series of state-level agencies had launched investigations into BlockFi. BlockFi, a New Jersey-based company has grown in popularity with such product offerings. The firm lets users lend and borrow a wide range of cryptocurrencies such as

ConsenSys, the blockchain startup behind the Metamask wallet, has raised $200 million in new funding round, pushing its valuation up to $3.2 billion.  As is becoming prevalent in the blockchain ecosystem, the funding round was backed by several prominent hedge funds and investors, including Marshall Wace, Third Point, and Think Investments. They contributed alongside existing

India’s Prime Minister Narendra Modi urged cooperation between the world’s democracies to ensure that crypto coins such as Bitcoin and Ethereum do not end up in the wrong hands while pointing out issues concerning cryptocurrencies. While delivering a speech at a virtual keynote address at the Sydney dialogue, an annual summit that focuses on emerging, critical,

Veteran U.S. Treasury Deputy Secretary Adewale “Wally” Adeyemo is unperturbed that the growth of digital currencies like Bitcoin (BTC) is a threat to the dominance of the U.S. Dollar. Adeyemo is optimistic that the current path the U.S. economy is charting through the signing of the Infrastructure Bill will help keep the Dollar’s dominance intact.

Hong Kong-based Crypto.com signed a 20-year cooperation deal worth $700 million with Anschutz Entertainment Group (AEG), which owns the Staples Center and the L.A. Live. As part of the deal, Crypto.com won the naming rights for the Staples Center which is home to the NBA team Los Angeles Lakers. The Staples Center will be renamed to Crypto.com

The diversification of the Ethereum (ETH) network has created many use cases, which have enhanced adoption. The Ethereum Name Service (ENS), a crypto domain based on the ETH blockchain, has generated revenue worth nearly 20 million since its launch in May 2017. Mason Nystrom, a research analyst at Messari Crypto, explained: “Since its launch,

Pixlr is launching a decentralised non-fungible token (NFT)-based art gallery on December 1, 2021, with a collection of 10,000 unique, artificial intelligence-based generated art pieces. Pixlr, a free online photo editor, is aiming to be the world’s largest NFT museum on the metaverse with Pixlr Genesis, targeting to provide an experience similar to that of

Alexei Savatyugin, the Auditor of the Accounts Chamber in the Russian Parliament, has shared concerns about unregulated digital currencies and their risks to investors. The auditor noted that these new asset classes do not have any inherent value as the sentiment in the market often determines their prices. “Those who invest in cryptocurrencies should