The US dollar’s continual decline and Underperformance in the Forex market recently reflect on other currency pairs leveraged on the green paperback, as is the case for the USD/CAD currency pair. USD/CAD is consolidating at the 1.2500 region, unable to field enough momentum to reverse from a nine-week long downward low of 1.2453 it plunged … 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
JPEGs were offered for millions of dollars in 2021, and regular marketplaces joined in to trade the tokenized art and receive cryptocurrencies. Non Fungible Tokens are digital assets that portray rights of online items such as artworks, software, and media, and they store their key data on the blockchain, making them one-of-a-kind. According to Dapp … Read more
The Bitcoin Lightning Network has not been able to gather the attention from the masses that it deserves. As per the latest articles authored by Peter St Onge, it is the future of fintech and the next big innovation since the internet. Peter St Onge has a doctorate in Economics from George Mason University and … Read more
According to the latest on-chain data, which is collected regarding Bitcoin mining, it shows that miners are actively accumulating Bitcoin at the moment, which hints at strong market mobility and acceleration moving forward into the future. It is a regular event that is known as Bitcoin halving, and it takes place every four years where … Read more
The Vice President of Legal affairs for Grayscale, Craig Salm, has recently told media that the legal team is currently bargaining with SEC on the matter of spot ETFs tied to Bitcoin. It is worth noting that after the newly appointed SEC Chief, Gary Gensler, greenlit the conditioned Bitcoin ETFs, three applicants were able to … Read more
China is not at home with the idea of decentralization, but then it never was. The only thing which troubles crypto analysts devising an understanding of why China is so against cryptocurrencies is the confusion that why didn’t China speak earlier when the crypto mining business was booming within the region? Why wait all those … Read more
