This collapse, catalyzed by Elon Musk’s tweets criticizing Bitcoin’s energy consumption, was exacerbated by several factors, including China, reiterating its anti-Bitcoin stance, a large short position on Bitfinex, and the necessity of a general correction in the overbought crypto space. Crypto-related hashtags are trending across the world, including #crypto, #buythedip, and #altseason2021. Bears Attack Bitcoin...Read More
Bitcoin Price May Plunge Below $10K Bitcoin price, along with most of the crypto assets experienced a roller coaster ride since the early trading hours. The BTC price movement was historical as it registered the daily high above $43K and the daily low close to $30K. Advertisement Despite undergoing one of the most lethal corrections...Read More
[PR – New York, New York – May 18, 2021] Sweet, the leading enterprise NFT solutions provider, announced the integration of its NFT distribution platform into the Shopify marketplace, empowering brands, shop owners, and IP holders to sell NFTs through existing online store-fronts. The addition of Sweet into the Shopify platform enables global retail and...Read More
Justin Sun, the founder of TRON, just announced that he purchased over $150 million worth of bitcoins at an average price of about $36,800. In what some are calling ‘the greatest wealth transfer of the year,’ Bitcoin and the cryptocurrency market at large plummeted over 50% before rebounding over 25% within hours. Amidst a slew...Read More
The investment department of the large multinational financial service organization, Wells Fargo, is looking into offering cryptocurrency products to its institutional clients. A senior executive outlined the innovation in a recent interview and called bitcoin “a nice diversifier.” Wells Fargo Getting on the BTC Wagon? In a recent interview with BusinessInsider, Darrell Cronk, president of...Read More
Analysts of the banking giant JP Morgan opined that institutional investors might withdraw from Bitcoin and turn their sight back to gold as the price of the primary cryptocurrency collapsed. Back to Gold The turbulent times for cryptocurrencies caused some analysts to doubt bitcoin’s merit as a store of value. According to JP Morgan experts,...Read More
The crypto market has seen ups and downs with new cryptocurrency that kept emerging, giving tough competition to each other. The Shiba Inu, which came into play only last year, is said to be the dogecoin rival. Advertisement Did you know that though only found last year, currently there are around 400 trillion Shiba Inu...Read More
Abstract: In this piece, 100x Group grantee Calvin Kim announces the success in speeding up Bitcoin’s Initial Block Download (IBD) using the Utreexo client. While the speed improvement can vary depending on one’s local hardware and bottlenecks, the initial download and verification can be up to 62% faster compared to Bitcoin Core. Since many optimisations...Read More
[PRESS RELEASE – Milan, Italy, 19th May 2021] Luxury fashion brand Angelo Galasso is releasing its first collection of nonfungible tokens (NFT), which are designed to be sold alongside and reinforce the exclusivity of its handmade items by binding the digital and physical into a single bundle. Through a collaboration with acclaimed digital artist Doc...Read More
The cryptocurrency market was collectively sent into a massive correction over the past week. Bitcoin’s price dropped below $40K, and all altcoins followed. Some, however, have retraced harder than others – Dogecoin copycats are bleeding out, and there are a few important things to consider coming out of this. Dogecoin Copycats Like SHIB Tumble Hard...Read More
[PRESS RELEASE – Seoul, South Korea, 18th May 2021] QiSwap, the leading decentralized exchange (DEX) that utilizes automated market making algorithms, is preparing to launch the second airdrop of its native token. All of the QI tokens will be distributed directly to the community members and other stakeholders that contribute to the QiSwap network. Since...Read More
While Ripple continues with its ongoing legal battle against the SEC in the US, the payment processor has partnered with Egypt’s largest and oldest bank – the NBE. By utilizing RippleNet and the financial service provider LuLu, the National Bank of Egypt will process cross-border payments from the UAE to the African country. Ripple Brings...Read More
[PRESS RELEASE – Tallinn, Estonia, 18th May 2021] PARSIQ’s blockchain monitoring and automation platform will be powering Autonio’s NIOX trading suite as part of a partnership with the Autonio Foundation. PARSIQ’s unique Smart Triggers technology will be crucial in monitoring blockchain activity to help Autonio’s NIOX trading suite make informed decisions in a number of distinct...Read More
Bitcoin has recently shifted trends, and this downturn has become a hot talking point among many investors who are divided between those who have fallen prey to pessimism and those who still refuse to believe that this was all a market episode started and extinguished by Elon Musk. After Elon Musk announced that Tesla had...Read More
