Cryptocurrency Analysis and News Portal
The current situation is quite different. While excessive enthusiasm for new tokens contributed to unsustainable price rallies, crypto’s ballooning market capitalization was also fueled by unprecedented fiat monetary expansion as central banks pumped trillions of dollars worth of quantitative easing into the global economy to soften the impact of a
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There’s a growing belief the crypto market (in more recent years) follows a pattern of rising and falling in price every four years. Whether this is the result of a self-fulfilling prophecy or not is difficult to say, however, many tie this theory to the timing of Bitcoin halving events,
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UBS, Switzerland’s largest bank, has warned about a crypto winter where prices crash and may not recover for years. The bank’s analysts explained several major reasons affecting the prices of cryptocurrencies. UBS Expects Crypto Winter That Could Last Years Switzerland’s largest bank, UBS, has warned of a crypto winter where prices crash
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Amid Iran’s energy consumption increasing during the winter, local energy authorities have decided to halt operations of authorized cryptocurrency mining centers.Mostafa Rajabi Mashhadi, chairman of the board and managing director of Iran Grid Management Company (Tavanir), announced that Iran is shutting down crypto mining centers again to reduce liquid fuel
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Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resume mining in September. Crypto Mining Farms in Iran to Shut Down During Winter Expecting
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The Indian government may still be considering a bill that could ban certain cryptocurrencies in the country, but lawmakers are unlikely to vote on any legislation in the current parliamentary session.According to a Friday publication, India's lower house of parliament, Lok Sabha, will likely not be looking at a bill
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Crypto winters are one of the greatest fears of crypto investors and are predicted to occur in four-year cycles, with the previous cycle occurring in 2018. Moving forth to the year 2021, this phenomenon is believed to have commenced in early November 2021, where massive selloffs of Bitcoin and Ethereum
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The Indian government will be considering a bill which would create a digital rupee starting as early as next week, but may also ban certain cryptocurrencies in the country.According to a Nov. 23 publication, India's lower house of parliament, Lok Sabha, will consider The Cryptocurrency and Regulation of Official Digital
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Coinbase, the largest American cryptocurrency exchange, has stockpiled a war chest worth about $4 billion in cash in preparation for decreased crypto retail trading volumes and higher operating costs brought on by regulatory hurdles.It reportedly expects to use the cash to cover costs incurred by a variety of factors, including
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Bitcoin mining farms in Texas have gone offline because of a massive winter storm that drained the state’s power grid.While some mining farms have stopped operations due to power outages, others are selling electricity back to the grid at a premium, said Ethan Vera, co-founder of Luxor Tech, which is
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