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
Individuals dealing with crypto currency are to anticipate a huge tax burden compared to businesses in the industry as stated by a senior partner of the Russian Parliament. Although the removal of digital currencies is yet to be legislated in Russia, the government is moving towards the acknowledgement of crypto as an economic activity, which … Read more
Things have been looking a bit shadowy in the cryptocurrency industry, with Bitcoin declining almost by 50% since the period of all-time high as of November 2021. Although there are precise trends that indicate a shift is in view. Bitcoin is presently on to its 12th week of the principal reduction since the all-time high, … 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
The pseudonymous crypto analyst and trader that accurately predicted Bitcoin’s dump, down to the dollar in 2018 has aired a new 2022 bullish prediction for Bitcoin. The pseudonymous crypto analyst answers to the Smart contractor username on Twitter. He has now predicted that Bitcoin will feature new record highs down the road in 2022. His … 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
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
