There appear to be challenging days ahead for cryptocurrency investors as they strategize ahead of an impending rate hike, according to renowned analytics firm Glassnode. The analysis released by Glassnode shows investors in the Bitcoin blockchain hedging out to keep them afloat and secure against the imminent hike in interest rates to be carried out … Read more
The year 2021 has been a landmark in the history of cryptocurrency and its role in shaping tech and the financial sector, and 2022 is the year for the potential progress of a relatively recent invention looking to take shape in the digital industry. Some mainstream news companies believe decentralized autonomous organizations (DAOs) are the … Read more
Following investigations by the United States Securities and Exchange Commission (SEC) and other regulatory agencies, BlockFi, a top cryptocurrency lending company, has been barred from operating high-yield accounts for its clients in addition to being heavily penalized with a fine of $100M. However, BlockFi did not appeal the decision and has agreed to settle the … Read more
Ark Invest, one of the leading analysts in the crypto investment space, declared that the recent boom in non-fungible tokens might have a negative symbiotic effect on cryptocurrencies as NFTs are a high risk and illiquid asset class. Though there are many market speculations that NFTs great market value and price at the moment, which … Read more
For a long time, the regulation of crypto has been a significant bone of contention with governments globally. Still, seeing that this market space has become a huge one, it has attracted many country’s heads of state to vest more interest in this digital currency explosion. The acceptance of crypto as a medium of exchange … Read more
Russian rapper and Youtube vlogger, Morgenshtern has been signed on as one of The Open Network (TON) prime ambassadors for their crypto blockchain project. The internationally famous Russian national is now one of the forerunning crypto celebrity ambassadors. His membership on $TON is now backed by a purchase of about $130,000 worth of Toncoim. Morgenshtern’s … Read more
Spike in congestion on the Ethereum blockchain network has seen ETH burn rate rise to eclipse its supply in the network. The second most valuable cryptocurrency is fielding signs of deflation as its burn rate in the network has exceeded supply for the fifth consecutive day this week. Crypto industry boom post-Covid-19 has led to … Read more
In line with Monday’s analysts’ predictions for Bitcoin’s price action should it fall below $40,000, Bitcoin is now gearing up for a short-term Bullish reversal from the five-month all-time low of $39,000 it hit yesterday on Tuesday. In the early hours of Monday, analysts predictions leverages on Bitcoin’s price chart small moving average (SMA) indicator … Read more
Economic growth globally has hit a major roadblock and has been struggling since late last year, in December, as the new wave of Covid Omicron variant has reduced productivity globally as infection rates increase and casualties continue to rise. The first wave of the pandemic that took the world in a storm in 2019 saw … Read more
Global fintech firm and online payment platform Paypal has reportedly initiated its plans to develop its proprietary crypto stablecoin coined the PayPal coin. The discovery came from famous iPhone app developer Steve Moser who earlier this week revealed that he had stumbled on a source code on a mobile app for iOS. The source code … Read more
