Category: Blockchain

Bitcoin’s ranging market continues because the leading cryptocurrency has not gotten the momentum needed to go back to the all-time high (ATH) levels of $66,900 witnessed recently. BTC was hovering around $62,212 during intraday trading, according to CoinMarketCap. This consolidation has been partly prompted by funding rates hitting a monthly low.   On the other hand,

Days after flipping Cardano (ADA) to become the fifth top cryptocurrency, Solana (SOL) is not relenting in its quest to scale the heights because it has dethroned Tether (USDT) at the fourth position. Despite Solana being founded in 2017, it has made significant strides this quarter because it recently hit an all-time high (ATH) price

New York City Mayor-elect Eric Adams, a cryptocurrency proponent, made a landmark statement on his Twitter, saying that he will take his first three paychecks in Bitcoin when he takes over City Hall in January. Adams, an ex-Police Captain and Democratic party candidate, won the New York City Mayoral race by gaping his closest competitor

The well-known payment giant Square released its third-quarter financial report, showing that the mobile payment application Cash App under Square achieved $1.82 billion in Bitcoin revenue. Square Cash App generated $1.82 billion in Bitcoin revenue and $42 million in Bitcoin gross profit in the third quarter of 2021, both increased 11% and 29% year-on-year. The

Search engine and cloud service giant Google has invested the sum of $1 billion in taking up a non-voting equity stake in CME Group, the world’s largest derivatives marketplace.  As the trading platform unveils, a decade-long partnership deal has been inked with the tech giant as it looks to migrate its operations to the cloud.  The

The shares of Nasdaq-listed American blockchain mining firm, Marathon Digital have printed its highest price record in 6 months as the firm unveiled its Bitcoin mining performance for October. According to the company, a total of 417.7 self-mined bitcoins during October 2021, and coupled with its purchased BTC, pushed its total Bitcoin holdings to 7,453.

In Hong Kong, the FinTech Week 2021, which launched on November 1, hosted a seminar on misconceptions about cryptocurrencies titled “Crypto in 2021: Misconceptions, Lessons & Opportunities Ahead” on Wednesday, November 3. The yearly global event provides a platform for participants worldwide amid the pandemic of Covid-19 to share their innovations, experience and insights. The talk covered

Australia’s popular bank, Commonwealth Bank of Australia (CBA), will start allowing its customers to purchase, hold, and sell crypto assets through its digital app. On November 3, Australia’s largest bank announced that it would develop a platform for retail customers to trade cryptocurrencies. The announcement makes Commonwealth bank the first major bank in Australia to

Bitcoin (BTC) made a new milestone by soaring to the $66,900 level on October 20, a scenario not seen in its twelve-year journey. Nevertheless, the leading cryptocurrency has been ranging between the $60K and $63K area ever since. BTC was down by 2.29% to hit $61,648 during intraday trading, according to CoinMarketCap. On-chain analyst Matthew

El Salvador has started reaping from its Bitcoin investment because profits have started being channelled towards infrastructural development.  Speaking during the groundbreaking ceremony of the nation’s first veterinary hospital funded by BTC profits, President Nayib Bukele said that the country would construct 20 new schools by using part of the returns.  Bukele said: “I