Cryptocurrency Analysis and News Portal
Two central bank governors have shared their opinions about bitcoin after the cryptocurrency became legal tender in El Salvador. The governor of the Bank of Mexico sees bitcoin as a high-risk investment and a poor store of value while the governor of Sweden’s central bank, the Riksbank, believes bitcoin could
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If prices plummet in an illiquid market, how soon before anyone notices?While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid nature, gauging the sentiment of the overall market market for a project can
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“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg. Source
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The XRP token’s market capitalization has fallen almost $130 billion since its all-time high in 2018, making the cryptocurrency project’s decline comparable to the collapse of major financial institutions.According to Josh Frank of crypto-focused research company The TIE, the project is experiencing a collapse similar to some of the biggest
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Bitcoin as a cryptocurrency underpinning a blockchain network secured by miners leaves the asset’s price susceptible to sell
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A reading on revolutions from the late great David Graeber. Source
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Bitcoin price this week shocked the crypto world with an over $2,000 collapse from over $12,000 to under
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After reaching a point of extreme greed, the crypto market in a flash turned to fear. But investors
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Ethereum has been generating significant buzz across the crypto sphere over the past few days, primarily due to the explosive surge in the popularity of decentralized finance (DeFi).Much of this popularity has been driven by an emerging trend called “yield farming,” in which users can leverage different protocols in order
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Bitcoin’s PoW miners continue to dominate the cryptocurrency mining industry both in terms of total revenue and total security spending. Bitcoin miners received $5.5bn in total block rewards, $5.2bn (94.8%) of which were newly minted coins, and $284m (5.2%) of which were transaction fees.These days, almost everyone in crypto-space is
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