Cryptocurrency Analysis and News Portal
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the
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The crypto market has evolved from the unending devastating bear market to a more green and overwhelming market. Cryptocurrencies are moving from the initial stagnant, and lower lows state to a rallying to the top. Among the number of cryptocurrencies moving upward and making significant higher highs is Bitcoin, the largest
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Ethereum, just like bitcoin, saw a relief rally that pushed its price to a new three-week high. The digital asset is now trading above $1,300 for the first time since mid-December 2021, and so far, has been able to hold its gains in the market. However, not everyone is betting
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During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recorded
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New York regulators announced on Jan. 4 that cryptocurrency exchange Coinbase will pay a $50 million fine and invest a further $50 million in its compliance program, following a settlement with the New York State Department of Financial Services. The fine was issued after regulators found the company had allowed customers
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Along with the Ethereum Trust, several other Grayscale products are trading at steep discounts recently as parent firm DCG is grappling with liquidity issues.The shares of the Grayscale Ethereum Trust (ETHE) have been on a steep decline and have dropped by more than 90% since its all-time high in 2019.
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Place/Date: - December 30th, 2022 at 4:57 am UTC · 3 min read Source: Snowfall Protocol Being constantly developing in the crypto market goes hand-in-hand with being at the forefront of innovation. In this day and age, it is essential to stay
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During October and November, Greenidge burned through $8 million a month, of which $5.5 million went on NYDIG payments. It expects the same cash burn rate for December, which would put a significant hole through its remaining $22 million of cash and cash equivalents. Original Source
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For many Bitcoin investors who lived it, this crypto winter feels more painful than the 2018 bear market, despite making a shallower fall from peak to through. From a monthly momentum perspective, the bearish trend is now the strongest on record. Let’s take a look at what this means and
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Place/Date: - December 19th, 2022 at 2:15 pm UTC · 3 min read Source: Orbeon Protocol Although many cryptocurrency investors thought the ongoing Ripple (XRP) lawsuit would be over by the 15h of December 2022, this wasn’t the case. It seems to drag on endlessly, with both
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