Cryptocurrency Analysis and News Portal
July 15th was a music milestone. Ten years ago in Summer 2012, the release of “Gangnam Style,” catapulted South Korean singer and rapper, PSY to stardom as the song instantly became a global hit. Captivating listeners with catchy lyrics and an animated music video featuring the iconic horse-riding dance, Gangnam Style
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Two executives at Wave Financial, an asset management firm providing bespoke strategies to high-net-worth individuals and entities, have reported seeing increased institutional demand for crypto products amid the bear market.Speaking to Cointelegraph at the Blockchain Futurist Conference in Toronto on Wednesday, Wave Financial’s head of business development Mike Jones said
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Several bitcoin miners temporarily halted mining operations as energy demand soared in July due to heat waves that swept through the U.S., particularly in Texas. Riot curtailed 11,717 megawatt hours in July, enough to power 13,121 average homes for a month, Les said, adding that it lowered power costs for
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Gemini, the cryptocurrency exchange owned by the Winklevoss twins, is laying off more staff. According to reports, the company is axing 7% of its current workforce, as it engages in significant cost-cutting policies. This is the second wave of layoffs at Gemini, after the company laid off 10% of its
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Bitcoin is moving higher and trading above the $20,000 zone against the US Dollar. BTC could surge if there is a clear move above $20,580 and $20,730. Bitcoin is showing a few positive signs above the $20,000 support zone. The price is now trading above the $20,000 level and the 100 hourly
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"Confidence in cryptos remains depressed and some traders are worried that Tether could suffer a similar fate as Terra's UST stablecoin," Edward Moya, senior market analyst at Oanda, said. "Too many institutional crypto investors are down massively, and they are worried that if this part of the crypto ecosystem collapses,
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Earlier this year, while at a local restaurant, I began talking to the owner about bitcoin and payments. He mentioned that 35%-40% of his transactions were once in cash; now they’re 5%. He said that he pays almost $100,000 a year for processing charges – all while his food prices
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While NFTs are non-fungible, they can still change hands just like any other digital asset, and the secondary market for NFTs is still in its infancy. So let’s say Amy, from our cosmetics example, doesn’t really want her exclusive experience with a makeup artist – she can put her NFT
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The crypto markets kicked off the week in barnstorming fashion with broad-based gains across a plethora of tokens. A Bitcoin impulse wave sent the world’s largest cryptocurrency by market cap into the $43k region before a slight retrace back into the $42k range. One anonymous whale is said to have triggered
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Larger institutions are awaiting more regulatory clarity, but a “really substantial wave” of capital is ready to be put to work across the cryptocurrency industry, said Damien Vanderwilt, Galaxy Digital Holdings Ltd.’s co-president and head of global markets. Source
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