Category: Blockchain

Despite the crypto market limping due to massive liquidations, more participants continue to join the Ethereum (ETH) network.  Market insight provider Glassnode confirmed: “The number of Non-Zero Ethereum addresses just reached an ATH of 73,439,200.” Ethereum continues to be one of the sought-after networks based on significant demand from booming sectors like decentralized

Last week, the digital currency ecosystem slipped to unprecedented lower levels when Bitcoin (BTC) dipped to its lowest level in 5 months to a price below $39,000. The crypto trading world was sent into a frenzy as many liquidated traders. However, some saw the price slump as a major discount to accumulate and top up

Mercado Libre, a publicly traded retail giant, based in Argentina has injected an undisclosed sum of money into two regional cryptocurrency-focused firms, Paxos and 2TM Group. According to the company, the funding reinforces its presence in the crypto universe, boosting its development and adoption in the region. 2TM Group is the parent company of MercadoBitcoin.com.br,

U.S. President Joe Biden’s administration is working on an initial government-wide strategy on digital assets for release next month, Bloomberg reported last Friday. The administration is also asking federal agencies to assess the risks and opportunities posed by the digital assets, people familiar with the matter have said. In addition, adding that senior officials have

Cryptocurrencies ushered in a week of plummeting; Bitcoin was plunging to around $34,000 on January 21, while Ethereum also touched a low of 2,300 on the same day. About $1.5 trillion has evaporated in total cryptocurrency market prices since November. Backed by Tesla’s Elon Musk, Dogecoin is back in the top 10 of cryptocurrencies, as

Brazilian financial services platform Dock offers solutions for the entire digital payments ecosystem, according to Reuters. The company, formerly Conductor Technology, plans to utilise cryptocurrencies for international remittances and to expand markets in the Latin American and European regions. The company said it would convert Brazilian reals to bitcoin first and then to another country’s currency for international

Solana was hit by instability due to excessive duplicate transactions, according to a Jan 22, 2022, report by Bloomberg, citing a notice on the blockchain network’s website. Solana, one of the largest blockchain networks, also said that engineers have released version 1.8.14, which “will attempt to mitigate the worst effects of this issue,” and more

For a country currently not in the Eurozone, Bulgaria plans to introduce a government-backed digital currency payment initiative “in short to medium term.” According to a Bloomberg report, citing Assen Vassilev, Bulgaria’s deputy prime minister for EU Funds and minister of Finance, the government is currently in discussion with industry stakeholders and the Bulgarian National

New York City’s new mayor Eric Adams said that his first paycheck will be converted into Bitcoin and Ethereum via Coinbase Global. The mayor – a major crypto proponent – made a promise last year during his election campaign that he would take his first three paychecks in cryptocurrency and strive to make New York

Bitcoin dipped to its lowest level in more than five months as cryptocurrencies sank with risk aversion sweeping worldwide markets. This is the second time this year that the world’s largest digital currency by market value has fallen below $40,000 hitting $38,642 mid-way through the Asia trading session. According to CoinGecko, Bitcoin was down by