Facebook is the largest social media network in the world. The company is keen to retain its position as a global tech giant and keep finding new ways of innovating. These days Facebook officials have been taking a keen interest in the world of cryptocurrencies and stablecoins. Last year, a new stablecoin project launched by…
MobiePay, a well-known service aiming to fill up the space between the mainstream finance and blockchain industry, has declared that it would make some key modifications to its brand. Now the project has changed the name thereof into Mobie Network. In the beginning, the project began as MobiePay to make people aware of the project…
Flagship cryptocurrency Bitcoin has surprisingly broken into the top eight assets by market capitalization following Monday’s market rally. Bitcoin hit the number eight spot with a market cap of $1.25T, surpassing Elon Musk’s Tesla and Facebook. Bitcoin’s current $1.25T market cap was enough to beat the renowned motor company Tesla and gain more against Facebook,…
Securities and Exchange Commission has been quite generous with the approval of Bitcoin futures ETF; now, would it be wise to implicate further requests and applications that are too out there to get approval from the SEC? The answer should be; forget it. But the investors and traders out there are not getting this point,…
There are not many countries at the moment that have made Bitcoin a legal tender or even legalized it as a mode of payment within their region. El Salvador remains the only country to have made Bitcoin a legal tender, and that is about it. Australia, on the other hand, is seeing a flux of…
Binance is considered to be one of the top crypto exchanges in the world and is known to offer a wide range of services to its customers regarding access to digital assets, trading, investment, and withholding of cryptocurrency. In the pursuit of greatness, Binance became the first exchange for having introduced its own crypto token…
Cryptopunk’s NFT collections have sold multiple millions repeatedly, despite most of them being simple pixelated personas. Recently, the NFT marketplace recorded another $0.5B sales of NFTs. But Bloomberg has revealed that there is more than meets the eye in this particular sale. The Problem? Cryptopunk 9998, which contains a unique green-eyed pixelated character, was sold…
The cryptocurrency industry is currently experiencing the largest inflow of funds of all time and this inflow is mainly to Bitcoin. This large inflow into the cryptocurrency industry is coming after the approval of the Bitcoin futures ETF. ETF products are sought after by investors as they are convenient. Most of the inflows has been…
Coinbase is the largest cryptocurrency exchange platform in the United States. It is also the first crypto-based company to acquire a public listing this year. The massive success of Coinbase seems to be turning into a horrible nightmare. From its date of conception, more than 12,000 consumers of Coinbase have reported a breach of security…
Al Ansari Exchange to join with RippleNet, this was announced yesterday by Ripple. RippleNet is the global cloud based financial network technology of Ripple while Al Ansari exchange is a foreign exchange based in the United Arab Emirates. The Blockchain technology has provided a unique opportunity to send remittances across the world in real-time. Blockchain…
PrimeHolders Review The crypto market is booming a lot these days and crypto trading has become a hot topic around the world. If you are interested in becoming a crypto trader, you will have to first sign up on a crypto platform that is reliable and efficient. So which platform do you pick from the…
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…
Impressive Area Review Trading online has become very common in the last couple of years. If you are keen to jump on this bandwagon, you will have to first find a suitable online trading platform and sign up for a trading account. This is the first step and a very important one. I will suggest…
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…
Africa is unquestionably a crypto adoption lead across the globe having a growth of about 1200% during the last year, which is sufficient to make changes to the list of the previous year’s ten most crypto-friendly nations. As per a review published by Chainalysis, approximately a 1200% upsurge has been noticed in the incoming crypto…
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,…
On-chain data provider, Glassnode, has revealed that 95% of the crypto market is currently in the green. This comes on the heels of a recent surge in the price of Bitcoin. The flagship cryptocurrency had moved beyond $55k increasing the number of profitable entities by 16%, Glassnode revealed. Glassnode uses this indicator to determine the…
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…
Based in the UK, the Brevan Howard Hedge fund has announced that it will soon be launching a new Digital Asset Division that will focus on the management of the company’s digital assets. A news report from Reuters mentioned that the hedge fund is looking to bring an increase in its holdings of cryptocurrencies and…
Short video platform, TikTok, has revealed via a new announcement its intention to blaze the trail in the NFT space. TikTok will drop its first NFT collection by October 6th. The mobile video application is partnering with celebrities with NFT experience on the new release, it shared in a Friday announcement. TikTok has also partnered…
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…
United States Senators have reportedly introduced a new bill to Congress to align the country with global crypto regulations. Senators Maggie Hassan and Joni Ernst introduced the bill intending to get America up to speed as per crypto regulations. The new bill requires the United States Treasury Department to submit reports on the recent situation…
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…
Despite recording an all-time-high this week, Elon Musk’s much-talked-about crypto Dogecoin witnessed a decreased level of transactions for the first time since 2017. According to BitInfoCharts data, the meme coin dropped to 16k daily transactions, a figure that contrasts the rise in DOGE. The last time DOGE had a price frenzy in the market was…
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…
