Cryptocurrency Analysis and News Portal
The number of addresses that acquired the cryptocurrency within 20% of the all-time high price climbed six-fold to a record 116,560 in the eight days to Nov. 2, amounting to 12% of the total count of non-zero addresses, according to data provided by blockchain analytics firm IntoTheBlock. Original Source
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The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation and central bank digital currencies (CBDCs). Lagarde: ‘Cryptos Are Not Currencies. Full
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Tim Sweeney, the co-founder of the studio behind titles such as Hitman, Gears of War, and the wildly popular Fortnite said in a Tweet today that non-fungible token (NFT) tech and the ‘metaverse’ it one day may enable are “going places,” but due to factors such as transactions costs and
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Speculative options bets on tech stocks have increased since the March bottom. The VIX remains elevated, suggesting higher volatility in the stock market. The tech bubble looks like it is about to pop. Since the March bottom, options activity on Big Tech stocks and other names like Walmart has increased. The heavy options
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If you have read Satoshi Nakamoto’s original white paper on Bitcoin, the likely takeaway is that BTC is a currency. Take the following excerpt from the conclusion of the white paper.“We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins
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Bitcoin proved itself a resilient asset, if not a stable or useful currency, during March’s global financial meltdown, according to analysts at one of the world’s largest investment banks. In a note to investor clients circulated June 11 and obtained by CryptoX, JPMorgan Chase & Co. analysts described how bitcoin has
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According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The
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China appears set to crack down on crypto trading again after President Xi Jinping's praise for blockchain tech revived speculation in the sector. Source
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