Various cryptocurrencies have had quite a difficult past week with incredibly mixed trading. While some cryptocurrencies saw an incredible rise in prices, others fell short by a significant margin as they failed to rally investors. Despite rising by almost 3%, the market is still not doing as well as it did in previous weeks. And…
On the previous weekend, the London fork of Ether was released to the public. The change has significant consequences for digital currency mining pools that had started to adopt miner extractable value services in order to generate income. The Eden Network, an Ether-centric payment protocol, has secured close to $17.4m in its initial financing from…
Currently, Facebook, a company that pays highly for Washington lobbying, is trying to swap the Biden administration. On what? That their upcoming blockchain-based payments project doesn’t put the financial system at risk. Even so, officials are still concerned. Facebook’s efforts to convince officials are running into the same old concerns regulators. This is even though…
An interesting blog post was published by former Bitcoin developer, Gavin Andresen on September 21st. He talked about a potential bitcoin future in the blog post and it outlines a theoretical situation for the network in 2061, where most transactions would not happen on the bitcoin network. In 2010, after Satoshi Nakamoto’s departure from Bitcoin’s…
Briefly – Bitcoin depicts a strong bounce from the 79% FIB retracement at $40,727, indicating a temporary relief. Ethereum sees its price creeping back beyond the psychological level at $3,000, following Bitcoin’s footsteps. The leading cryptocurrencies have to clear many obstacles to confirm stable uptrends. Bitcoin endured two massive blows – 7 September and the…
The case of Ripple Labs with the US Securities and Exchange Commission (SEC) has become one of the most interesting ones to be taking place in the crypto community in 2021. There was another development in the case recently, which is unfortunately a blow for Ripple. This is because a federal judge denied the request…
Wayne Almeida has finally joined crypto platform Coinsilium with immediate effect as a non-executive director. Almeida first started working in the corporate services and trust sector in Gibraltar. After exiting Gibraltar, he moved on to the fiduciary group, where he joined in 2014. In 2017, he became a director in the group and soon moved…
Wednesday’s bearish moves saw Bitcoin touching the $39,700 low before moving. That comes after negative market sentiment following looming fears about Evergrande’s crisis. Bitcoin displayed accelerate correction on Wednesday’s Asian session after the flagship cryptocurrency plunged beneath $40K, the levels it has not touched since August 6. With such price trends, BTC’s market cap dropped…
Nowadays, the students reportedly have an inclination towards crypto for filling their financial gap with regard to schooling. It is no wonder that the schooling expenses have spiked remarkably upward during many previous years. Presently, all the more, the majority of graduating students have many thousands as debt. However, with the help of the available…
Briefly – Coinbase quietly declared the cancellation of its lending program. The US SEC threatened to prosecute the trading platform over the yield program. Meanwhile, the Nasdaq-listed company remains without an explanation why the regulator refers to lending yields as security. Coinbase decided to suspend its crypto lending program following the move by the US…
According to the latest research, the electronic waste (e-waste) produced by Bitcoin mining annually is similar to the small IT equipment waste of a region like the Netherlands. The estimates show that miners of the pioneer cryptocurrency produce around 370,000 tonnes of e-waste on an annual basis. This means that the average e-waste per transaction…
Ukrainian tax authorities have been submitted with the annual returns filing from the officials holding public offices, however, does not find the returns having been submitted by the public officials responsibly as the virtual currency ownership disclosures made are found to be doubtful and raise questions. Some of the filers could not even prove the…
Briefly – Indian cryptocurrency enthusiasts have ventured into WhatsApp and Telegram to felicitate their p2p crypto investments. Reports suggest that the platforms account for nearly 60-89% of the transactions in the country. Moreover, sources suggest that the authorities will classify digital coins as commodities, therefore taxing them. As banks restrict cryptocurrency activities, Indians turn to…
After unpredictable actions by top cryptocurrencies on Saturday, Bitcoin returning to $50K would support a broader market breakout. Bitcoin BTC-USD saw its value increase by 2.14% yesterday. That had the flagship crypto reversing Friday’s 1.02% plunge, ending the day near $48,308. However, mixed early sessions on Saturday saw Bitcoin dropping to an intraday low of…
For aiding the country’s economy, Laos Government, legalizes the activities relating to the use of virtual currencies. Also indirectly sends an invitation to crypto miners to come and establish mining farms in the country because while legalizing crypto trading, crypto mining too has been welcomed by the orders of Laos’s Prime Minister, Phankham Viphavanh who…
Unless you have been living under a rock, you might not have noticed Solana dominating the crypto market. As possibly the fastest emerging project, it has managed to stand toe to toe with a variety of big names in the market. Solana Network’s SOL has managed to reach the top ten cryptocurrencies in the market…
With the help of Flexa in developing the system for facilitating crypto payment option, the top bank of El Salvador namely Bancoagricola has announced accepting Bitcoin against payment of debts. The customers of Bancoagricola now have the option to pay Bitcoin at the bank against purchasing of any bank supported financial goods, products as well…
An independent firm namely KLA involved in researching and compilation of business market has concluded a survey in South Africa which shows that approximately 47% of the country’s population over the age of 18 have been owning and possessing virtual assets. However, amongst this 47% people, the majority comprises of those who have invested at…
AS per the latest reports, Eurex has made an announcement for the cryptocurrency community in Germany. Eurex is reportedly owned by Deutsche Boerse, which is a stock market operator from Germany, and it exists as a derivatives exchange. The derivatives exchanges have announced that it has launched derivatives for cryptocurrencies. Now, the investors will be…
The recent tax exemption offered by El Salvador’s government is an attempt to further speed up the bitcoin investments in the country. The government in El Salvador is looking to attract foreign investors to invest in the country. That’s why the tax exemption can come in handy. The reports have confirmed that soon the government…
