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As Miners Leave Bitcoin in Droves, Space Allocation Dedicated to Filecoin and Chia Surges
5.7.2021
While a large quantity of hashrate has stopped dedicating resources to the Bitcoin network, a great number of alternative mining ecosystems are swelling with new participants. China’s ASIC exodus has ignited a significant increase in demand for accessing storage power on both Filecoin...
Robinhood IPO Filing Reveals $88 Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto Revenue
2.7.2021
Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue...
Financial Advisor Survey: 26% Plan to Recommend Cryptocurrencies Over Next 12 Months
1.7.2021
A recent survey of financial advisors and their investing strategies shows “a significant shift to embracing cryptocurrencies.” More than 26% indicated that they plan to increase their recommendation of cryptocurrencies over the next 12 months. Furthermore, 49% of advisers said that...
Indians Hold $40 Billion in Cryptocurrency, Report Suggests
29.6.2021
Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. Indian Crypto Investments Increase Amid Regulatory...
Cryptowisser : Crypto Taxes Will Continue to See a Regulations Increase as Adoption Rises
28.6.2021
PRESS RELEASE. June 2021, leading Crypto service comparison site – Cryptowisser, attempts to dissipate the cloud of confusion surrounding tax regulations on crypto currencies around the world. As the tax season comes to a close and a record amount of crypto traders are holding, how do...
Bitcoin, Ethereum and Altcoins Start Fresh Increase
28.6.2021
Bitcoin price was able to stay above the main USD 30,000 support zone. As a result, BTC started a fresh increase above the USD 33,500 resistance. It is currently (04:37 UTC) showing positive signs above USD 34,000 and it could aim for a break above USD 35,000.
Similarly, most major altcoins...
Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’
23.6.2021
Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below...
Out of All the American States Study Shows Hawaii Expressed the Most Crypto Demand This Year
18.6.2021
A report published by the independent marketing intelligence company, Miq Digital, explains that Hawaii has seen the most crypto demand of all the states in the U.S., with a 687% increase since 2020. As far as increased cryptocurrency demand since last year, Nevada, California, Florida,...
Nestree Launches a Reward-Based Digital Commerce “Nestree Mall”
18.6.2021
PRESS RELEASE. A South Korean blockchain-based community messenger “Nestree” has announced that it is launching an innovative and cutting-edge reward-based digital commerce platform called “Nestree Mall’. Nestree Mall is part of the roadmap of the blockchain platform that...
Hawaii had largest increase in demand for crypto out of US states this year
17.6.2021
“Around 6% of the U.S. population now use or own crypto, and the trend is growing,” said the report
Bitcoin Eyes Fresh Increase, Ethereum and Altcoins Face Resistance
17.6.2021
Bitcoin price corrected lower below USD 38,500, but the bulls were active above USD 38,000. BTC started a fresh increase and it climbed above USD 39,000. It is currently (12:11 PM UTC) showing positive signs and is eying USD 40,000.
Besides, most major altcoins are also trying to gain bullish...
Hedge Funds Aim for $300 Billion in Crypto Assets Within 5 Years, Survey Shows
16.6.2021
Hedge funds are likely to significantly increase their crypto holdings, a global poll of chief financial officers has indicated. According to an average figure based on their forecasts, the funds will keep more than 7% of assets in cryptocurrency within the next five years. Hedge Fund CFOs Expect...
US Senators Call for Increased Measures to Regulate and Trace Cryptocurrencies
7.6.2021
Two U.S. senators have urged lawmakers to increase measures to regulate cryptocurrencies, including how to trace cryptocurrency transactions, in order to combat ransomware attacks. “We haven’t figured out in the country or in the world how to trace cryptocurrency,” one senator...
Government Cannot Stand in the Way of Crypto Technologies, Iran Minister Says
7.6.2021
New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance. The high-ranking official believes the government can’t interfere with their...
ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’
4.6.2021
The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect...
Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’
2.6.2021
The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M...
Here's how traders use call options to increase their Bitcoin holdings
29.5.2021
Learn how pro traders use covered call strategies as a low-risk method to increase their Bitcoin holdings
Biden Administration Looking to Increase Cryptocurrency Oversight to Protect Investors, Prevent Illicit Transactions
26.5.2021
The Biden administration is reportedly looking to increase oversight of the crypto market with the aim to protect investors and prevent illicit transactions. White House officials, lawmakers, and central bankers have had several meetings on cryptocurrency regulation amid recent price swings...
Voyager Digital sees 16X increase in quarterly revenue, first operating profit
26.5.2021
The Canadian trading and yield app recorded $60 million in revenue for Q1, 2021
Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners
25.5.2021
After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door...