Cryptocurrency Analysis and News Portal
Ethereum, the second-largest cryptocurrency by market capitalization, plunged by a massive 35 percent on Thursday, logging its biggest decline in a day since the 2018 ICO bust.The ETH-to-dollar exchange rate fell from $195.64 to $126.28 in 30 minutes, following the leading cryptocurrency Bitcoin’s frenetic sell-off within the same timeframe. The
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When I woke up just minutes ago and saw the price of Bitcoin, I thought someone had pulled a joke on me; never in a hundred years did I think BTC was going to move that fast.For those who have been living under a rock or sleeping as I have,
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Brian Armstrong, the CEO of major cryptocurrency exchange Coinbase, explained what developments he believes will drive the growth of cryptocurrency’s’ user base.In a series of tweets on March 4, Armstrong illustrated how the developments that resulted in the mass adoption of the internet are similar to the work that
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Texas-based Commercial Real Estate (CRE) marketplace Red Swan has tokenized $2.2 billion worth of real estate assets in partnership with security tokenization firm Polymath.Red Swan said it has 30,000 accredited investors already registered to use its platform, and has plans to tokenize a further $4 billion in property over
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Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 billion worth of crypto has been stolen since 2017.The findings revealed that lax security and poorly written code were responsible for
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Jeff Bezos’ climate change outfit will receive $10 billion to start with. Amazon is a bigger polluter than Norway, Denmark, Ireland and Switzerland. Its too soon for Amazon employees to claim victory though. In the past 12 months they have pushed for the tech giant’s climate change inaction to end. Amazon (NASDAQ:AMZN) CEO’s
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UBS is trying to save its real-estate fund from huge redemptions. UBS’ troubles indicate that something greater is amiss with the U.S. housing market. Store closures and loss of employment could trigger the next crisis. The U.S. housing market is enjoying terrific price appreciation thanks to a lack of homes available for sale,
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The California Supreme Court has found Apple guilty of breaking the law when it refused to pay its workers for mandatory searches at the end of their shifts. Tim Cook has a major PR problem on his hands after being ridiculed in the court decision. Sitting on a monster $207 billion cash
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Bangladesh-based Bank Asia has joined Ripple’s RippleNet blockchain-based financial services network.The partnership was only recently discovered after a Twitter user pointed out the Bank Asia logo in an official Ripple document on Feb. 10. Still, the partnership must be well over a month old, given that the document in
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Jeff Bezos now has a Hollywood residence in the prime 90210 zip code. Founders of two prominent Hollywood studios previously owned the property at different times. The net worth of the Amazon boss is up $17 billion this year. In one fell swoop, Jeff Bezos has signaled with an expensive purchase that his
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