Once again, the pressure is back on the cryptocurrency market following reports that the European Union Parliament is working on outlawing Proof-of-Work cryptos due to environmental concerns. The move by the EU means that Bitcoin could be potentially banned! Following the news, the price of BTC is down by 1.5% and currently trading at $38,577 … Read more
The ongoing legal tussle between Ripple and the U.S. Securities and Exchange Commission keeps on raging as both parties argue in favor of their cases in court following the heavy penalty slammed on Ripple by the SEC. As the legal battle rages on, the price of Ripple’s native token, XRP, has begun to move in … Read more
Amid the recent market correction that the crypto industry underwent, only a few cryptocurrencies were resilient and braved the storm; one of them is LUNA. The Terra Luna has been strong enough to maintain its standing as the market correction rages on, seeing a host of top-performing digital currencies lose a substantial part of their … Read more
The leading cryptocurrency in the world has had a positive performance to show for a couple of days now after spiraling down with other digital tokens. Bitcoin has seen its value skyrocket to another level, which may partly be explained by the high demand for cryptos, primarily due to the ongoing standoff between Russia and … Read more
Unlike other digital currencies, Bitcoin’s mainstream acceptance is unmatched, such that top fiat currencies are linked to it in more than one way. While the adoption of Bitcoin in mainstream finance is a welcome development and a sure sign of the utility of cryptocurrencies, the negative side of this is that it has made Bitcoin … Read more
The past few weeks have been trying times for the world’s leading cryptocurrency as the market instability it has experienced has become its main feature for some time now. As the price of the BTC is currently valued at a little below $38,000, analysts have issued cautions stating that the increasing large-scale economic impact and … Read more
Despite holding most of their portfolio in stablecoins, whales have now shifted their attention to MATIC tokens as an alternative way to spread their expanding portfolios. According to WhaleStats, whales from the top 500 of the Ethereum blockchain recently took a plunge by buying a million dollars’ worth of MATIC tokens, currently selling at a … Read more
We must provide greater direction and confidence to the industry for cryptocurrency to flourish and prosper, Josh Gottheimer said. Josh Gottheimer has proposed legislation that allows the FDIC to support stablecoins in a way comparable to fiat investments. Gottheimer’s Bill According to Gottheimer’s suggested legislation, stablecoins supplied by authorized deposit accounts or select nonbank issuers … Read more
After the previous incident, where a white hat hacker noticed a bug in Cardano’s blockchain network, Cardano plans to double the bounty rewards for subsequent hacking, effective through March 25th, 2022. The Cardano Foundation announced the increased bounty reward today, stating that it has incentives to encourage white hat hackers to do more in finding … Read more
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
