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The Bank of Russia’s governor, Elvira Nabiullina, recently made it known that the financial institution’s stance on cryptocurrencies has not changed, and as such continues to adopt a hostile attitude towards the new digital asset class. This development comes around the time when there has been an increase in criticism regarding how the bank tends … Read more
In this past weekend, BTC has shown a very high level of volatility. The leading crypto per market capitalization has lost two strategic support levels. Currently, as of the time of compiling this article, the asset is trading at $34,312, accounting for about a 5.3% loss on a 24-hour range. The renowned former hedge fund … Read more
It is expected that ALGO would be supported by a series of different new partnerships and many of the institutional investors that will lead it to boost up its status in the next week as opposed to its trend being seen currently. The periods of consolidation are usually prone to be preceded by strong rallies, … Read more
The significant selloff has led to close to $200b being cleared out of crypto assets back to fiat. The current market is at its lowest point since the previous drop on the 30th of May. The lowest point the market capitalization has fallen was in the present correction on the 24th of May, when the … Read more
Jack Dorsey, the Chief Executive Officer (CEO) of Square and Twitter, believes that in some way or another, Bitcoin’s worth and value somehow affect everything, particularly financial institutions. In the ongoing Bitcoin Conference 2021 in Miami, Florida, a lot of distinguished personalities took part on 1st day of the conference on the 3rd of June … Read more
Google has thrilled the crypto community by lifting off the ban that was imposed on cryptocurrency advertisements over the google platform. Crypto industry is restoring its reputation after the downfall during the last month as the price of cryptocurrencies have started showing greenish trend and crypto adoption from many institutions for payment solution depicting the … Read more
On the 25th of May, Michael Saylor, the Chief Executive Officer (CEO) of MicroStrategy, disclosed the facts behind the formation of Bitcoin Mining Council (BMC) as he explained that the aggressive attitude about Bitcoin Mining should be confronted by ensuring the clarity of Bitcoin Mining through the formation of Bitcoin Mining Council (B.M.C). He added … Read more
Meanwhile, the crypto market is facing a few crucial circumstances for the last couple of weeks, but the crypto rally is still on fire. Recently, it occurred that Dogecoin (DOGE) has outrun leading and competitive crypto assets like Cardano (ADA) and Binance Coin (BNB) and secured 4th position on Sunday, which was on 6th number … Read more
Amid the recent crash of the crypto market and COVID-19 3rd layer, just like other institutions, cryptocurrencies got also badly affected, but decentralized exchanges (DEX) maintained their reputation by setting a new All-time High (ATH) in the following month of May. It is observed that the trading volume over decentralized exchanges keeps on surging and … Read more
Elon Musk, the Space X and Tesla CEO, on Sunday, May 16, attacked BTC for being too centralized right after Peter McCormack, a seasonal podcaster, criticized him for taking sides with DOGE (Dogecoin) too much and spreading wrong information about the leading digital asset in the crypto space. As everyone knew, on Wednesday, 12th May, … Read more
Visa announces a recent partnership with startup Tala. A fintech startup that provides finance-based services in developing markets. The main driving force of Tala is to ease the availability of digital currencies to underbanked customers. Starting with USDC, a dollar-backed stablecoin that is supervised by Consortium. The stable coin supports popular blockchains such as Algorand, … Read more
On Thursday, an attempted hack on a crypto-based company in China has resulted in the company shutting down its features and services. The recent notice from the exchange’s website states the attack occurred close to 8 pm on the 29th of April. Hotbit, the crypto exchange which suffered from a cyber-attack, has more than 2 … Read more