8.2 C
New York
Saturday, December 3, 2022
Home cryptocurrency

cryptocurrency

As recently as 2021, the global cryptocurrency market was valued at an impressive $1.49 billion. Despite continual fluctuations, the market continues to grow at an exponential rate and is projected to peak at $4.94 billion by 2030. This reflects a CAGR of 12.8% over the course of the next eight...
This week, Bitcoin (BTC) is recovering, with a rapid spike challenging weekly highs. On May 30 BTC/USD is back at weekly highs after rising several percent overnight, which should give bulls some much-needed confidence. The weekly candle that ended trading on May 29 was able to contain losses and turn around...
Ever since its introduction to Bitcoin in 2018, the Bitcoin Lightning Network has been able to steadily increase its capacity. Despite the prolonged market downturn, Bitcoin's (BTC) core architecture is improving, making the impenetrable P2P network ever more secure, decentralized, and fast. The BLN is the same (LN). BLN (Bitcoin Lightning...
Since Terra's ecosystem relaunch through Terra 2.0, Terra price has dropped by roughly 70%. New tokens of LUNA, also known as LUNA 2, are regularly being dropped to investing people who previously owned LUNC, USTC, and Anchor Protocol UST as part of the revitalization plan of Terraform Labs creator Do...
The locals have decided to burn a lot of UST from the communal pool in an effort to help Terra (LUNA) recover. Back in May, Terra's creator, Do Kwon, said that absorbing the stablecoin supply may be the key to fixing the scandal. In response, some people suggested destroying the...
Bill Miller, the CIO of investment firm Miller Value Partners, as well as its billionaire founder, considers Bitcoin to be an insurance policy against any form of financial disaster. While speaking on the Richer, Wiser, Happier podcast on the 24th of May, Miller went on to back the cryptocurrency...
This week, as the World Economic Forum gathers in Davos, Switzerland, Bitcoin is receiving a dose of reality, and some experts predict that the cryptocurrency's value will continue to fall. As the week progresses, Bitcoin (BTC) has had a better beginning than others, with bulls avoiding significant losses. On May 23,...
Cryptocurrencies are all the rage lately, and for a good reason. They offer a level of security and privacy that traditional currencies simply can't match. So it's no surprise that more and more people are using crypto to gamble online at best paying online casino 2022. But is this...
The Financial Conduct Authority of the UK will have to consider the recent instability in the cryptocurrency market when it sits down to work on its stablecoins and cryptocurrencies. The regulator is closely monitoring the disarray in the cryptocurrency market as Terra, among the biggest names in the world...
Bitcoin has remained just above the $30K mark, but that could change soon if the bears have their way. The prices have moved in a limited range ($28,700 - $31,300). Two external developments have further clouded investor sentiments; the collapse of the 3rd-largest stablecoin, TerraUSD (UST) and LUNA, and...
The US SEC deliberately dragged its feet on recognizing the presence of was not able to deny or confirm the presence of their former director Bill Hinman who was in the corporate finance department. Commentators have said that it appeared to be a bad dream that the SEC of the...
Joe Biden’s nominee for the post of vice chairman for supervision at the Fed, Michael Barr has indicated the importance of a regulatory framework covering stablecoin. If his proposal is approved, it will focus on the job of banking regulation. Michael Barr was speaking at the Senate hearing and cited...
Online data platform Nansen has picked up Ape Board, the DeFi finance portfolio tracker for a reported 8-figure sum. Ape Boards has more than 375 protocols over 33 blockchains that include Ethereum, Avalanche, Binance, Polygon, and Solano. With Ape Board and its multichain coverage, traders will be given a holistic...
At the biggest Bitcoin event in Miami, Madeira was the focus as one of three new zones that are on the path of adopting Bitcoin. El Salvador championed Bitcoin in 2021 and adopted it as a legal tender. The announcement was made by prominent Bitcoin advocate Samson Mow. He has...
Leading streaming platform Spotify has sought to boost the experience of artists and their fans by introducing NFT galleries. The Swedish audio streamer is reportedly carrying out trials with the profile of musicians and testing NFTs. This test was an initiative for selected users of Android devices in the US...
The native token of Ethereum, Ether, does look pretty excited to go through a breakdown move in May. This would create a formation of a convincing bear pennant structure. The price of the token has been fluctuating since the 11th of May inside a range that has largely been...
Today, the entire value locked in DeFi is just over $100 billion, at $112.29 billion. While the TVL has been falling since nearly reaching a record high on April 3, last week's Terra upheaval wiped out the majority of the TVL stored in decentralized financial protocols. For investors, 2022...
Satoshi Nakamoto, the designer of Bitcoin, has ensured the network's security through a new decentralized system of Bitcoin miners who seem to be responsible for authenticating the legality of trades and producing new blocks. Moving away from any fears about planned blockchain assaults, the Bitcoin (BTC) blockchain achieved a...
Although the crypto market, including Bitcoin, went through a sharp drop in its valuation after Coinbase went on to report a quarterly net loss of $430 million, all is not lost. While we wouldn’t go as far as to say that this was simply a drop in the ocean,...
Do Kwon, the co-founder of Terraform Labs, has put forward a proposal that would preserve the ecosystem of Terra. This seems to be the need of the hour- considering the historic depegging of its stablecoin- the UST- which also resulted in the death of the Terra tokens to zero....