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Bitcoin Hashrate Hits a New All-Time High – What Does This Mean for BTC Price?
5.10.2022
The total hashrate on the Bitcoin (BTC) network reached a fresh all-time high on Tuesday, despite consistently low bitcoin prices. The increase could be a sign that miners are now more optimistic about the bitcoin price.
According to data from Blockchain.com, the total hashrate this week reached...
Bitwise Launches New Web3 ETF as Crypto Markets Rebound
5.10.2022
Hoping to capitalize on the rebounding crypto markets, San Francisco-based crypto index fund provider Bitwise has rolled out BWEB, a new Web3 exchange-traded fund (ETF).
ETFs are financial instruments that trade on an exchange like stock, but track a specific market or asset, such as bitcoin...
EU Council approves MiCA text, proposal moves to Parliament for vote
5.10.2022
The Council's Permanent Representatives’ Committee chair confirmed that the MiCA framework would go through “should the European Parliament adopt its position at first reading."
XRP Price Prediction as Token Rallies 47% in 30 Days
5.10.2022
XRP continues to be one of the top gainers in the crypto market and appears set for a bullish rise in the coming days and weeks.
The token is up nearly 11% in the last seven days and has rallied more than 47% since early September after a series of announcements that some have taken as news they...
Crypto Touted by Kim Kardashian Climbs 124% After SEC Charges, Token Value Dumps the Next Day
5.10.2022
Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower...
Dogecoin Loses Momentum From Musk Twitter Acquisition News
5.10.2022
Elon Musk's favorite cryptocurrency settled down after rising on news that the Tesla CEO's purchase of Twitter was back on the table
Biggest Movers: DOGE, XRP Hit Highest Point Since Late September
5.10.2022
Dogecoin was trading near its highest point since late September on Wednesday, as prices rose for a second straight day. The rally comes as the meme coin continues to trade above a key resistance level, following a breakout on Tuesday. Xrp was also in the green today, trading close to a one-week...
SWIFT says it has reached a 'breakthrough' in recent CBDC experiments
5.10.2022
"For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway," said chief information officer Tom Zschach
Crypto News Summary: Bridgewater Associates 'Transitions' from Ray Dalio, LG Partners w/ NFT Platform
5.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Bridgewater Associates 'Transitions' from Ray Dalio, LG Partners w/ NFT Platform
Skyweaver's parent company secures $40M in Series A funding
5.10.2022
The round was led by Brevan Howard Digital and Morgan Creek Digital, along with Polygon and Take-Two Interactive, among other investors
FTX’s $1.4B bid on Voyager Digital assets: A gambit or a way out for users?
5.10.2022
FTX has bid $1.4 billion for Voyager Digital’s assets, looking to provide users a way out if they move to its platform, but there are risks
Russia Allows International Trade in Cryptocurrency for Any Industry
5.10.2022
The Finance Ministry of Russia is looking to facilitate a more accommodating cryptocurrency policy, as it plans to permit the use of digital assets for international settlements in any industry without restrictions.
The Russian Ministry of Finance acknowledges the growing significance...
Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion
5.10.2022
A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt...
The Alternatives to Solana in Light of Yet Another Outage
5.10.2022
Engineers have restored Solana’s Blockchain to 100% operational status in response to a network error. “The issue was a node was misconfigured or running Solana,” Stakewiz said, a Solana operator. This isn’t the first time Solana has had outages, network issues, etc. Last...
GPU Mining on Ethereum After ‘The Merge’
5.10.2022
Major digital currencies have come under scrutiny in recent years for being particularly power-hungry. Currently, in widespread usage, the proof-of-work system safeguards transactions by having users execute progressively more complex cryptographic calculations. However, the networks provide...
Can Cryptocurrencies Replace Fiat Currencies?
5.10.2022
Perhaps you have been wondering if cryptocurrencies could replace fiat currencies someday. Whether there is a good chance or there appear to be strong odds, it will be up to you to decide. Here are some of the possibilities that you may want to consider. There Might Be A Good Chance When...
Market Cap in Crypto: What It Is And Why Does It Matter?
5.10.2022
There must have been a lot of news and articles online saying how profitable cryptocurrency trading could be. But believe it or not, cryptocurrency does not have any inherent value, according to Yahoo! Finance. It is the people or the users who give worth to the digital coin. As long as many people...
Dogecoin (DOGE) May Rise Further if it Breaks the Resistance!
5.10.2022
Dogecoin was up marginally on Tuesday after the acquisition news of Twitter by Elon Musk on the original terms. The attorney from Musk sent a letter to the Twitter office to buy the company at $54 per share. Within the minute of this news breaking, the DOGE price was up 8%. Generally, Dogecoin...
Ethereum, Ethereum Classic, And Ethereum 2.0: What’s What?
5.10.2022
As if the words blockchain’ and ‘cryptocurrency’ didn’t already sound complicated enough, newcomers to the crypto space also have to contend with a lot of similarly-sounding concepts. Take Ethereum, for example. As the second crypto coin by market cap, it’s arguably as famous as Bitcoin....
Mainstream NFT adoption will be driven mostly by their utility
5.10.2022
Hype may have been a factor in the rise of NFTs, but the actual utility will be the catalyst for the mainstream adoption of the technology