Bitcoin has demonstrated a strong performance during the last week and has managed to break through a major downtrend cross and reach a new high of $57k. So far, the rise has seen a significant amount of potential revenue generation among new coins in particular, while the top coins have held their ground consistently. Though…
Tether has recently given a statement on Twitter in which the stablecoin seems to be quite worked up about the report presented by Bloomberg on the current performance of the stablecoin. Stablecoins are digital assets that are pegged to a dedicated sovereign currency such as the dollar. They have their own market, and people buy…
Bitcoin holders have been given until the end of 2021 to be able to reduce their tax obligation, which affects them by selling all of their crypto assets at a loss and then buying them back. This is a loophole that exists within the crypto taxation system where someone can sell their entire crypto stash,…
Despite the fact that XRP is at the moment battling it out with the Securities and Exchange Commission, the global entanglement for Ripple remains strong. Rosa Rios, who is a former US treasurer and currently serving as one of Ripple’s board members, shared on social media that XRP is a cryptocurrency with the primary purpose…
China has issued a severe crackdown against alternative cryptocurrencies and Bitcoin alike. The country is not willing to let the locals engage in any kind of trading or transactions with crypto at all. Various new orders have been issued not only by the state but also by the regulatory offices and commissions that have banned…
Smart Contracts and Web 3.0 are apparently coming to the Bitcoin network as a means to bring advancements to the overall capabilities of the asset and helping it in becoming mainstream in the market. The Internet Computer blockchain from Dfinity Foundation is currently working on introducing the smart contracts feature into the Bitcoin network, increasing…
Stablecoins, as the name dictates, are the stable versions of various cryptocurrencies; the term stable here means that their price is more stable as opposed to the volatile nature of their crypto counterparts. These stablecoins are typically pegged to a dedicated cryptocurrency, a commodity, or some other element and have their price stabilized with the…
According to a very popular crypto-asset exchange in Australia, named Bitcoin Markets, Australian investors have grown to be very fond of crypto-related investments. Bitcoin Markets is the biggest crypto exchange in Australia, and it has recently witnessed a surge of new users. This has been the case because a lot of elderly clients are signing…
Bitcoin started out as a visionary project; the developers couldn’t foresee the future, such as what does it have for Bitcoin in stores or how would it be accepted by the people, governments, or markets. But it kind of went pretty good; then there was the speculation that Bitcoin is a cryptocurrency, being so volatile,…
El Salvador has been a raging success when it comes to crypto adoption; during this transition, both IMF and World Bank approached El Salvador and advised the country not to proceed with this transaction as it would destabilize the whole economic progress within the region. But El Salvador did take this initiative and made the…
Binance is going through a rough patch these days; there is a global crackdown against the crypto exchange for failing to comply with certain regulatory standards, which initially started out in the UK but is now kind of a global headline. Binance has overstepped its bounds several times, and it seems if the crypto exchange…
On Thursday, Bitcoin dropped 2.8% to trade near $45,813.90. With that, most altcoins registered downswings. The BTC rival, ETH, lost 1.13% plunging to $3,474.44. With such actions, the flagship token had its market capitalization stands at $861.7 billion, while Ethereum’s is $408.062 billion. El Salvador partially contributed to the current market crash. The Latin American…
Briefly- Bitcoins appear ready to gain about 8% towards $56,361. ETH slows down as the altcoin approaches a crucial resistance at $4,071. Ripple faces resistances around $1.70. Bitcoin price sees upside movements after its recent upticks. However, that is not the case with alternative tokens like Ripple and Ethereum that indicates sell-off signs. BTC Shows…
In less than a week, the South American country El Salvador is going to become the first country in the world to accept Bitcoin as a legal tender. The move has been criticized by many, and recent protests show that the locals are also not very thrilled about the mandated Bitcoin laws. The members of…
