Cryptocurrency Analysis and News Portal
A sharp sell-off across the cryptocurrency market Tuesday—that saw top tokens like Bitcoin (BTC), Ether (ETH), Cardano (ADA), and Solana (SOL) fall by double-digital percentages—created a venue for stablecoins to prove their worth.The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by
Read More
Miami mayor Francis Suarez is the latest high-profile figure to tout Bitcoin (BTC), offering more evidence that mainstream adoption is growing. In a Thursday tweet, Suarez called Bitcoin a “stable investment” during an “incredibly unstable year,” adding that he’s learning about the flagship digital asset through figures like Tyler Winklevoss and
Read More
Ethereum started a sharp decline from well above $650 against the US Dollar. ETH price settled below the
Read More
Although the STABLE Act, proposed Dec. 2 by U.S. Reps. Rashida Tlaib (D-Mich.), Jesús “Chuy” García (D-Ill.) and Stephen Lynch (D-Mass.), is being portrayed by its supporters as protecting low-income communities, many women from marginalized communities fear it would actually make their situation much worse. Several Black women in the tech
Read More
Last week, Congresswoman and “Squad” member Rashida Tlaib (D-Mich.) sent Crypto Twitter into a tizzy with the following proposal:The bill’s academic/think tank proponents followed up with posts such as this:There’s a lot to unpack here and a lot of crossed wires, mostly due to (I suspect) the fact that the
Read More
At stakeDestabilizing Act?Crypto Twitter, like the U.S. Congress, is largely divided between warring factions and in-groups. But for once it looks unified. All it took was a proposed bill to further regulate stablecoin issuers, the so-called STABLE Act.The Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act would require stablecoin issuers
Read More
Uniswap’s recently released token – called UNI – has seen massive inflows of investments throughout the past day,
Read More
Despite BTC price moving between $9,000 and $9,500 recently, the CEO of Binance said Bitcoin is stable and the traditional market has a “drag down effect” on it. Changpeng Zhao (CZ), CEO and founder of Binance, commented on the Bitcoin price movement in an interview with Bloomberg Daybreak: Asia. Recently, the
Read More
Bitcoin traders seem unfazed by the massive Twitter hack on Wednesday, as the price of the top cryptocurrency has largely remained steady.Prominent U.S. figures including billionaires Bill Gates, Elon Musk, and Jeff Bezos were targeted by hackers in an apparent Twitter bitcoin (BTC) scam. The official accounts of former
Read More
Recent reporting by Cointelegraph shows that Bitcoin (BTC) spending has retraced since March 9 amid the worsening coronavirus pandemic. Data from blockchain analytics firm Chainalysis also shows that even the amount of Bitcoin spent on illicit activities through darknet marketplaces is down from pre-coronavirus levels.Despite the reduction in transactions,
Read More