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Venezuelan Minimum Wage Reaches $3 as More Venezuelans Take Refuge in Cryptocurrencies
5.5.2021
The president of Venezuela, Nicolas Maduro, approved a minimum wage raise increase last week that took it to three dollars monthly, a very low income for the citizens of the country that are facing a strong economic crisis since 2013. However, the crypto environment has been growing, and...
Employer Wants Cryptocurrency Back From Employee After Price Soars 700%, Offers to Pay in US Dollars Instead
5.5.2021
A company paid an employee for his work done in cryptocurrency. However, after the price of the cryptocurrency skyrocketed 700%, the employer wants the coins back, offering to pay the employee in U.S. dollars instead. Employer Wants Crypto Back After It Rose 700% Marketwatch published a letter...
Funding Roundup: Derivatives and Defi Draw a Fresh Influx of VC Firms and Private Investors
4.5.2021
As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to stake their money has increased significantly. Leveraging this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors...
Bitcoin Price Plunges to $55k Mark
4.5.2021
Like all other asset classes, cryptocurrency investment also comes with its share of turbulence and volatility. In recent months, the cryptocurrency market has mainly witnessed positive momentum in its valuation and digital coin prices. This year 2021, has specifically gone excellent for...
Ethereum Reaches its All-Time High of $3050
3.5.2021
Making a handsome gain in its value, the second-largest cryptocurrency by market capitalization, Ethereum has gone beyond $3,000 on Sunday for the very first time. ETHUSD, on Sunday, was trading at its all-time high value of $3050. In comparison, the value of Ethereum was $208 a year ago, which...
Bitcoin Crosses $55k; Is Recovery on the Horizon?
28.4.2021
After a week of reverses, Bitcoin has been able to stage some recovery recently, thanks to space for the increased risk appetite that the market has shown in the past couple of days. It is still very early to say how much this recovery will hold in the future, although on the surface, there...
Torum Closes Million Dollars Private Round to Create Social Media Platform With NFT and DeFi
23.4.2021
PRESS RELEASE. Torum, a social media platform specially designed for cryptocurrency users, is proud to announce that the project is now backed by some of the most promising VCs in the crypto industry. The $1.45M private round was participated by 13 private investors which consist of AU21 Capital...
Nigerians Shun Local Currency— Seek to Protect Wealth From Inflation and Currency Depreciation with Foreign Currency
23.4.2021
Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper in a journal published by the Central Bank of Nigeria (CBN) found, Nigerians’ use...
Bitcoin Loses its Steam, Settled Below $50k
23.4.2021
After showing a record momentum, the downward spiral in Bitcoin prices has begun, with the largest cryptocurrency by market capitalization falling below the $50,000 mark. In the last 24 hours, the prices of Bitcoin have fallen by around $4300, and with this, the cryptocurrency registered a loss...
USA-Based Gemini Crosses $25B in Crypto Under Custody Tag
21.4.2021
Headquartered in New York City, Gemini Exchange, the regulated channel for crypto trading, has proudly announced that it has achieved the milestone of holding over $25 Billion in crypto under custody on the exchange. The crypto under custody score has more than doubled ever since the start of 2021...
Bitcoin transactions fees in US dollars near all-time high levels
20.4.2021
The latest spike in BTC transaction fees comes amid a major decline in the Bitcoin network hash rate
Coinbase Will Debut on NASDAQ With a Valuation of $100 Billion
14.4.2021
In what could be termed as the biggest latest development in the cryptocurrency world, the San-Francisco-based cryptocurrency exchange Coinbase is going to get listed on the NASDAQ on April 14, 2021. According to the information out in the public domain, the company has chosen the COIN ticker...
Bitcoin Price Captures a $64,895 High, Pantera CEO Says ‘BTC Rally Exactly Like Previous Halvings’
14.4.2021
Cryptocurrency markets have been surging during the last 24 hours, as billions of dollars have flooded into the crypto-economy. Bitcoin’s value touched an all-time high (ATH) once again on Wednesday morning (EST), reaching $64,895 per unit. The latest price rise is leading up to the upcoming...
Bitcoins Remains Bullish Despite Resistance at $60K Mark
13.4.2021
Though Bitcoin is consistently maintaining its uptrend since February, yet it is majorly struggling at one point, and that is the $60,000 mark. Despite repeated attempts, Bitcoin’s value is not able to cross beyond $60K. According to experts, there is a massive resistance that Bitcoin is facing...
MicroStrategy Invested $15M in BTC to Increase its Holdings
6.4.2021
MicroStrategy, a business analytics company, recently announced that they have acquired an additional 253 BTC with $15 million to increase their overall Bitcoins holdings to 91,579 BTC as of April 5, 2021. This implies that MicroStrategy has purchased each Bitcoin for $59,339 and has invested...
British Authorities Take Down Dark Web Ecstasy Gang, Seize $5.8M in Drugs
6.4.2021
The string of dark web gangs being cracked down by law enforcement is still alive across the world. Recently, the British authorities dismantled an unnamed dark web band known for selling ecstasy and gathering millions of dollars worth of crypto. Gang Sold Ecstasy, Amphetamine, and Diazepam...
WazirX Crashed Post Reaching its Market High at $218M
5.4.2021
Binance-owned digital currency exchange WazirX reportedly crashed on Sunday Night after reaching its all-time high at $218 million (a spike by 145%) with over 137 crypto coins available for trading in just 24 hours. This is perhaps the highest trading volume in the history of any Indian...
Man Loses Life Savings to Phony Bitcoin iOS App- Over a Million Dollars in BTC Drained
1.4.2021
Just recently, an individual lost all of his life savings in a matter of no time after he downloaded a malicious and phony Trezor application onto his iOS smartphone from Apple’s App Store. Phillipe Christodoulou lost 17.1 bitcoin or over a million dollars worth of the cryptocurrency using...
Boomers Next to Adopt Crypto, a Trillion Dollars Could Flow Into Bitcoin Over the Next Year, Says Novogratz
29.3.2021
Galaxy Digital CEO Mike Novogratz has predicted that as much as a trillion dollars could flow into bitcoin over the next year as wealthy baby boomers get into cryptocurrency. With the example of Morgan Stanley, he says that more banks will start offering bitcoin exposure to their customers....
Instagram Influencer Charged for Allegedly Stealing Millions of Dollars in Bitcoin From Followers
27.3.2021
A popular Instagram personality has been charged in the U.S., accused of stealing bitcoins worth millions of dollars from his followers. He allegedly convinced the “victims to sell him their bitcoin at attractive, but inflated, values” but he never wired them the money for the coins...