Bitcoin Tramples Its 2017 Record High on Booming Institutional Adoption
Bitcoin achieved a new milestone on Monday. The flagship cryptocurrency hit a fresh record high for the first time
Read More
Booming
Fiat-backed crypto booming amid uncertainty
Despite this year’s uncertainty that has plagued the global economy, 2020 will go down as the year of the stablecoins due to the digital sector’s tremendous growth, with new developments emerging across the board. While some attribute this growth to the booming interest in decentralized finance among crypto enthusiasts, others
Read More
Bitcoin Trading Is Booming in Uncertain Russia, With 350% Spike in New Users on Paxful
Bitcoin trading is growing in Russia. That’s despite attempts by the government to make it difficult for investors to do so.For years, Russian lawmakers have blown hot and cold over cryptocurrency regulation, creating an atmosphere that has often left the entire digital asset industry in the country on tenterhooks.According
Read More
Illegal Crypto Mining is Booming in the Republic of Abkhazia
The Republic of Abkhazia is witnessing a surge in crypto mining activities despite crypto-related activities being illegal since 2018. Customs have reported that mining hardware worth over $589,000 has crossed the border over the past six months.According to Nuzhnaya Gazeta, importing crypto mining rigs remains legally permissible. Importers are required
Read More
DeFi Crypto BAND Explodes 384% QTD on Booming Adoption
BAND, the native token of the Band Protocol, rose by as much as 384 percent in the third
Read More
This Unexpected Metric Shows That Crypto Is in a Booming Bull Market
It’s been hard for some to say that crypto is in a bull market.Despite Bitcoin rallying by over 150% from March’s $3,700 lows, it remains below crucial resistance levels at $10,500 and beyond. The same can be said about Ethereum, which has had similar trouble surmounting $250.Yet there are some
Read More
Tether’s Booming Popularity in China Sparks a New Wave of Crypto Crackdowns
Tether (USDT) has seen massive inflows of capital throughout 2020, with much of this coming about not as a result of turbulence within the crypto market, but rather due to that seen in the traditional markets.Investors in countries where access to “safe haven” fiat currencies like the US Dollar is
Read More
Ethereum’s Booming Usage Could Spark ETH Drop: Here’s Why
Ethereum has undergone a consolidation period for over the past month. Since the beginning of June, the second-largest cryptocurrency by market cap has mostly traded between the $217 support and the $250 resistance level. Such a narrow trading range has made it nearly impossible to determine what the future holds
Read More
Business Is Booming for DeFi Insurer Nexus Mutual Ahead of Ethereum 2.0
Nexus Mutual, an alternative insurance provider for a variety of Ethereum-based DeFi protocols, has seen its risk pool double over the past 90 days to more than $4 million. Indeed, Nexus can barely keep up with the demand for smart-contract cover in the exploding decentralized finance (DeFi) arena. “We are in this
Read More
Why Bitcoin Breaking Past $9,000 Is Just the Start of a Booming Bull Trend
Since falling as low as $8,180 on Monday, the day of the halving, Bitcoin has mounted a strong comeback. The comeback culminated in a surge past the key $9,000 resistance on Wednesday, seen on the right-hand side of the chart below.Bitcoin’s price action from May 8 to today charted by
Read More