Cryptocurrency Analysis and News Portal
Meta, formerly branded as Facebook, has officially announced the closure of its digital currency project Diem after years of major efforts to move forward with the initiative.Announcing the news on Monday, Diem CEO Stuart Levey confirmed that Meta is selling intellectual property and other assets related to the Diem stablecoin
Read More
In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s Hardware General Manager: ‘We See Bitcoin Mining as a Long-Term Need
Read More
On Thursday, Fidelity Canada officially launched the Fidelity Advantage Bitcoin exchange-traded fund (ETF) and the Fidelity Advantage Bitcoin ETF Fund (mutual fund), marking the first such assets to be made available in the country and confirming earlier reports on the matter. The funds have the tickers FBTC and FBTC.U, denominated in
Read More
A blockchain project 4JNET gained huge attention long before the launch is broadcast live. 4JNET which is referred to as the “Pinnacle of Fairness” in today’s DeFi industry has opened door to the crypto community by introducing its first offering, the 4JNET DEX. It accompanies the fair launch of the
Read More
Bitcoin (BTC) has hit a new all-time high in U.S. dollars as a long-awaited surge pushes BTC/USD into price discovery.BTC/USD 1-hour candle chart (Coinbase). Source: TradingViewBitcoin back in price discoveryData from Cryptox Markets Pro and TradingView showed Bitcoin breaching the $64,900 ceiling in place since April.On the second day of
Read More
This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” NLW looks at how the United States has been perhaps the greatest beneficiary of the Great Hashrate Migration away from China following the country’s mining ban in May. This has political implications for how bitcoin is treated in the
Read More
The European Central Bank (ECB) says it is “starting to investigate” a digital euro by launching a two-year investigation. ECB President Christine Lagarde believes the ECB should be ready to respond to people’s demands for digital currencies and come up with a European-based solution that “does not jeopardize the whole
Read More
After several years of nearly total media silence, the Dogecoin Foundation is coming back to support core developers and projects benefiting the meme-based cryptocurrency.In a Tuesday announcement, the Dogecoin Foundation said it would be reestablishing itself in an effort to support the Dogecoin (DOGE) community as well as promote the
Read More
PSG, a fan token launched by Paris Saint-Germain, resumed its uptrend on Thursday after Argentinian football superstar Lionel Messi confirmed that he was joining the French football club.The PSG/USD pair jumped by 10.57% to hit an intraday high of $41.90. The pair’s latest upside move followed an almost 40% bearish correction from
Read More
Bitcoin has broken out of the range it traded for months and seems well on its way to reclaiming previous highs. Indicators have been turning decisively bullish, as short positions get liquidated with every new level taken by the bulls. At the time of writing, BTC trades at $45,858 with a
Read More