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US Dollar Drops to a Three-Year Low, Greenback Could Dip 10% Lower, Fed Still Not Ready to Taper QE
20.5.2021
America’s currency has been flirting with lows again, as the U.S. Dollar Index (DXY) dropped to a low of 89 on Tuesday and the following Thursday. This is the third time since April 2018, the DXY has been this weak, and some analysts think the currency could drop even lower. US Dollar...
Bitcoin Drops Below $40K, Crypto Economy Down 17%, Markets Lost $250 Billion Last Week
19.5.2021
On Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m....
‘Chartmaster’ Expects BTC Price to Tap $29K, Delta Exchange CEO Says ‘Bitcoin Hasn’t Found a Floor Yet’
18.5.2021
The price of bitcoin has dropped to a new low for the month of May, sliding to $42,100 per unit during Monday evening’s trading sessions. While a few analysts see bitcoin rebounding and gathering new highs in the coming weeks, a few crypto market strategists believe bitcoin prices could sink...
Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’
18.5.2021
Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq listing in mid-April. On Monday, the firm further announced intentions to sell $1.25 billion of convertible debt. Coinbase...
Bitcoin's drop from $64K comparable to Black Thursday, but Coinbase outflows hint at accumulation
18.5.2021
The ongoing Bitcoin price correction draws a comparison with the March 2020 crash with one big difference
Myspace Tom Anderson is ‘Buying The Dip,’ Posts Laser Eyes Meme on Twitter
17.5.2021
Myspace founder Tom Anderson has joined the heated chatter surrounding the recent crypto market drop. The now-retired entrepreneur expressed his feelings about the situation, posting a laser eyes photo of himself accompanied with a short caption, “Buying The Dip.” Myspace Tom Tweets...
Bitcoin Dominance Dips to 40%, Top Ten Cryptos Siphon BTC’s Market Supremacy
17.5.2021
The crypto economy has dropped significantly in value during the last few days tapping a low of $2.06 trillion on Monday. Additionally, the leading crypto asset bitcoin has seen its market dominance drop to 40% of the crypto economy’s overall valuation. Bitcoin’s dominance index...
Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates
17.5.2021
In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419.75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading around 411.25. Before the latest adjustment,...
Elon Musk Dumping Bitcoin? Will Bitcoin Drop Below 40,000 USD?
17.5.2021
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Bitcoin, the biggest cryptocurrency by market cap, had a couple of bad weeks already. After the big crash caused by Elon Musk's announcement that Tesla would suspend accepting bitcoin. Bitcoin declined...
Bitcoin and Ethereum usage fees drop 70–80% as market slide continues
17.5.2021
Transaction fees are falling rapidly on Bitcoin and Ethereum, as the coin prices of both recede from recent peaks
Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset
15.5.2021
The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine...
While Bitcoin’s Price Slumps the Network’s Mining Difficulty Reaches a Lifetime High
13.5.2021
After bitcoin prices took a hit following Tesla’s recent u-turn, Bitcoin’s mining difficulty jumped over 25 trillion, the highest the metric has seen during the protocol’s lifetime. The mining difficulty spike follows the recent 12% difficulty drop the network experienced...
Bitcoin, altcoins and stocks drop as inflation fears impact investor confidence
13.5.2021
Rising fears of inflation and big government spending rocked equities markets and possibly had a knock-on effect on Bitcoin and altcoin prices
Imran Potato to Drop LeBron NFT on Tezos-Powered Truesy
6.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Trendsetting bootleg clothing designer Imran Potato is entering the world of NFTs. True to form, Potato – aka Imran Moosvi – is set to auction a bootleg...
Larva Labs Sells Out New NFT Batch, Triggers Worries of CyperPunks Value Drop
4.5.2021
Larva Labs, the company behind digital collectibles known as CryptoPunks, are further expanding their foothold in the non-fungible token (NFT) market through their latest project, the Meebits, introducing a range of 3D avatars for virtual worlds, games, and virtual reality - and already selling...
Uniqly Integrates ChainLink VRF for NFT T-Shirt Drop
3.5.2021
Uniqly recently has announced that it has partnered with market-leading Oracle Network ChainLink to use its Verifiable Random Function (VRF) – a secured Random Number Generator (RNG). The partnership will help Uniqly to conduct ETH giveaway to participants purchasing t-shirts and other...
Slam dunk? LeBron James NFT drop could break Top Shot records
3.5.2021
An upcoming auction will sell three Legendary NBA Top Shot NFTs, including a token that holds the record for most-expensive Top Shot moment sold
2021’s Largest Epoch Drop: Bitcoin Network’s Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash
2.5.2021
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following...
Ethernity Sports Legend Weekend Drop: The Muhammad Ali NFT Collection
1.5.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Muhammad Ali Enterprises and Raf Grassetti Present: The Muhammad Ali NFT Collection
Muhammad Ali Enterprises has partnered with Ethernity Chain to eternalize Ali’s legacy in the blockchain
New York, NY – April...
Relief to Bitcoin Miners as Difficulty About To Drop Sharply
30.4.2021
Bitcoin (BTC) mining difficulty is about to drop sharply, almost reaching levels seen in January, while at the same time, the coin's price is much higher since the year began - spelling good news for miners.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards...