mining,
by Nandya -
12 months ago
Bitcoin Hits New All-Time High As Institutional Investors Embrace This "New Asset Class" A new all-time high for Bitcoin — the world's most popular crypto asset — has triggered renewed interest among investors, albeit with a lot of caveats. But what's significant about the current rally is that it shows institutions are increasingly stepping out of their shells of skepticism to embrace this "New Asset Class." The year 2021 began with a bang for crypto, especially Bitcoin. It surged higher,…
mining,
by Nandya -
12 months ago
Dogecoin Rallys After Elon Musk Tweets About It Again In what may have looked like an April Fools’ Day prank, Twitter users noticed Monday morning that the blue bird logo of the site had been replaced by the meme coin’s Shiba Inu dog mascot. The change sparked a quick rally in the cryptocurrency, with Dogecoin rising by about 30% overnight to $0.09796. The crypto was still well below its 2021 peak, but the jump was the second time in two…
mining,
by Nandya -
12 months ago
Cardano Unveils New Smart Contract Capabilities Challengeing Ethereum If you’re an avid cryptocurrency follower, you might have heard of Cardano (ADA), the layered blockchain that was first launched in 2017. While Ethereum has long been the leader in decentralized applications and smart contracts, the Cardano team just announced that it has built new smart contract capabilities. These upgrades will allow developers to create non-fungible tokens and dApps on the blockchain that are capable of holding a variety of complex data…
mining,
by Nandya -
1 year ago
Binance Facing Regulatory Scrutiny Regulatory scrutiny of the world's biggest crypto exchange signals that governments and financial watchdogs are increasingly concerned about the risks posed by decentralized marketplaces. But it's not clear whether Binance will be able to fend off multiple enforcement actions against it. Binance is the world's largest cryptocurrency exchange, with daily trading volumes of more than $25 billion. Its volume is more than double that of its closest competitor, Coinbase. It leads in both spot and derivatives…
mining,
by Nandya -
1 year ago
Regulators Warn of Risks in Investing in Cryptocurrencies A new report issued by US regulators on Monday warns that cryptocurrencies can be risky investments. The report calls for more regulation of crypto assets, particularly those backed by a stable asset like the dollar or gold. The report said cryptos — currencies such as Bitcoin or Ethereum that are not registered with the Securities and Exchange Commission — could be prone to fraud and manipulation. The regulators also urged investors to…
mining,
by Nandya -
1 year ago
Crypto Investors Flock to Stablecoins Amid Market Volatility Crypto Investors Flock to Stablecoins Amid Market VolatilityWhile a recent crash in the crypto market has sent jitters throughout the wider financial world, investors in stablecoins have seen their values rise in the latest wave of volatility. The popularity of these currencies stems from their underlying value being fixed by a peg to a traditional fiat currency or commodity. As a result, these currencies provide a level of stability that is needed…
mining,
by Nandya -
1 year ago
Binance Faces Regulatory Scrutiny in Multiple Countries In what may be one of the most surprising regulatory developments in recent years, Binance, the world’s largest crypto exchange platform, is now facing scrutiny in multiple countries. Several jurisdictions have issued warnings and enacted restrictions against the company, citing concerns over its business practices, including allegations that it offers high-risk financial products without appropriate licensing or regulatory regimes. In the UK, for example, the Financial Conduct Authority (FCA) warned that Binance had…
mining,
by Nandya -
1 year ago
Cardanos ADA Soars to New Heights on Smart Contract Upgrade NewsExcitement has built around a major upgrade that will let smart contracts be built on the Cardano blockchain, propelling its price to new heights. The ADA token rose as much as 7.8% Thursday, and is now the third-biggest cryptocurrency by market capitalization, behind bitcoin and ether.Earlier this week, Cardano developer IOHK announced that the upgrade was being tested on its testnet, and that full release is expected later in September.…
mining,
by Nandya -
1 year ago
NFT Mania Continues As Beeples Digital Artwork Sells For MillionsNFT Mania Continues as Beeples Digital Artwork Sells for MillionsCryptocurrency-based art has become increasingly popular in recent years, with artists and crypto-enthusiasts alike betting that non-fungible tokens, or NFTs, will revolutionize the world of collectible art. NFTs are unique files that live on a blockchain and verify ownership of digital art, much like a digital certificate that proves your possession of a trading card or piece of music.NFTs are becoming an…
mining,
by Nandya -
1 year ago
Crypto Mining Firm Bitmain Plans to Go Public in the US Crypto Mining Firm Bitmain Plans to Go Public in the USDespite its management troubles, crypto mining hardware maker Bitmain Technologies filed for an initial public offering (IPO) with the United States Securities and Exchange Commission this week. According to reports from Bloomberg, the IPO could raise $300-500 million in the US. But the company’s long road to an IPO has been a rough one. In the past two years,…
