Cryptocurrency Analysis and News Portal
Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets and boarding passes. However, crypto wallets attempt to redefine the
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Bitcoin price started a steady increase and it surpassed $50,000 against the US Dollar. BTC is likely to remain well bid and it might even clear $50,300 Bitcoin started a decent increase above the $48,000 and $48,500 resistance levels. The price is now trading above $48,000 and the 100 hourly simple moving
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New filings with the United States Securities and Exchange Commission, or SEC, reveal that four wealth management companies have acquired shares of Grayscale’s Bitcoin Investment Trust, offering further evidence of institutional adoption of digital assets. As first reported by MacroScope, a Twitter feed devoted to institutional trading and asset management, the
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Popular social media platform Reddit has gained $4 billion in value since its last funding round earlier this year in February.Six months ago the firm raised $250 million in Series E funding at a valuation of $6 billion. In the latest move, Reddit announced a Series F funding round on
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The request was granted by US Magistrate Judge Sarah Netburn to Garlinghouse’s motion to Obtain international discovery of Binance records.In what is an unexpected twist in the ongoing case between crypto firm Ripple and the United States Securities and Exchange Commission (SEC), the company was earlier this week granted access
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Orion Protocol recently launched its AMM solution, Orion Pool, powering multiple crypto-related activities from a single user interface. The platform has integrated leading swap pools, DEXs, and CEXs, constructing the first decentralized gateway to the entire cryptocurrency market. A New Age Of Decentralized Finance From One Interface With Bitcoin and other cryptocurrencies
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Crypto investors are betting big on real estate this year as the cryptocurrency market continues to grow. New York Digital Investment Group (NYDIG) recently conducted a survey that found that 46 million Americans own Bitcoin, equating to 22% of all adults. While optimistic, some cryptocurrency investors have expressed concerns regarding
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Bitcoin (BTC) dominance briefly fell below 50% last week for the first time since January 2018, sending a strong signal that more speculative bets on altcoins were on the rise.The Bitcoin dominance index, which measures BTC’s market capitalization relative to the broader cryptocurrency market, reached a low of 49.35% on
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Bitcoin price extended its decline and tested the $55,500 support against the US Dollar. BTC is now recovering, but it is likely to face a strong resistance near the $57,500 level. Bitcoin failed to hold the $57,000 zone and extended its decline towards the $55,500 level. The price is now trading well
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Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to the emerging asset class. While environmental
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