Archived Posts

New entrants in the crypto market are fearful that the big drop in Bitcoin price will create a massive sell-off, although institutional investors are buying the dip and stockpile more Bitcoin. MicroStrategy is leading the charge, having stated earlier this week that it had spent $489 million on 13,005 Bitcoins. Their entire purchase now stands   Read more...

Bitcoin has had a difficult time since hitting an all-time peak in mid-April. BTC is expected to depreciate for the third month in a row. The cryptocurrency has dropped to just around $31,000 in the last 24 hours, losing almost $2,000 from its intraday peak. It has shed over 25% of its valuation in the   Read more...

According to reports, the Bank of Israel has already developed a central bank digital currency, the digital shekel, as part of a pilot program. The Bank of Israel’s deputy governor, Andrew Abir, revealed the info to the Jerusalem Post on Monday. He stated that the financial institution has begun a trial of the digital shekel.   Read more...

Plan B, the developer of the renowned stock-to-flow methodology, has revealed his worst-case Bitcoin price forecast for 2021. Plan B clarified that his current projection is neither a start point nor a perfect scenario, and that it is still based on the S2FX. Plan B said in a tweet yesterday that the lowest price BTC   Read more...

Only two days remain for the London update to be implemented on the Ethereum testnets. Four days back, the Ethereum Foundation announced the specifics of the London overhaul. The most anticipated London upgrade is set to go live on June 24th, as per the statement. In his latest tweet, Tim Beiko of the Ethereum Foundation   Read more...

Bitcoin’s hashrate has dropped to its eight month (Nov 2020) low as Chinese mining companies begin to shut down. Bitcoin’s network hashrate, a metric of the computing power employed by miners to run the network, has dropped by 46% from its high in mid-May. Bitcoin hashrate is presently 91.2 EH/s (quintillion hashes per second), a   Read more...

Over five million clients in the United Kingdom are apparently being denied access to cryptocurrencies by a UK bank. As per people familiar with the situation, TSB Bank is apprehensive about an upsurge in crypto-related scams. The bank singled out Kraken and Binance as two platforms it is worried about because of their “weak security   Read more...

Cryptocurrencies and the blockchain technology that underpins them have enormous promise, with the potential to free millions of people and even play a crucial part of environmental protection, as per the United Nations. It stated in its study that technology may serve as a driver for a more sustainable global economy. Nevertheless, power consumption stays   Read more...

Malta was largely unknown in the cryptocurrency market prior to 2017. Since proclaiming its intention to become a blockchain island, the nation has been a paradise for cryptocurrency companies. Ever since, more than $60 billion in cryptocurrency has flowed through the state, sparking concerns among worldwide officials. They gathered this week to voice their worries,   Read more...