Some three weeks after Bitcoin became legal tender in El Salvador, one of the poorest countries in Middle America, and the government provided a crypto wallet to all citizens, the usage of the digital currency has exploded. According to President Nayib Bukele, the populist politician who enjoys an above 80% popularity rate in the poor […]
The crypto market experiences a bounce as the market opens for a week of trading on Monday. At the time of writing, Bitcoin is back around $44k and Ethereum sees a 13% bounce up to $3,100.Further down the list of CoinMarketCap we must note the stellar bounce back of Uniswap.As one of the core products in […]
Bitcoin is still almost double what it was at the beginning of 2021 and even with that fantastic gain, many are complaining that we’re not seeing the record $64,000 level anymore set in April already.In order to gain insight, crypto influence Scott Melker had an interview session with City trader Charlie Burton. The latter has […]
Coinbase, the highly popular crypto exchange run by flamboyant CEO Brian Armstrong, wanted to get into the market of loans, a highly lucrative part of the financial sector in the US. However, the Securities and Exchange Commission immediately pushed back and warned Coinbase they would launch an investigation into the product as soon as it […]
Bitcoin, Ethereum and many other cryptocurrencies recovered as the wider crypto market knew a relatively good end of the week. The market of digital coins was aided by a Federal Reserve announcement and (finally) some good news from Chinese property developer Evergrande, which has struck a deal to repay at least some of its debt.https://twitter.com/Reuters/status/1440775409453338633At […]
A so-called cryptocurrency data network which is still in its test face, showed a staggering drop for Bitcoin last Monday. In a faulty reporting that didn’t show up on other major crypto platforms like Binance and Coinbase, the Pyth platform, sponsored by some of Wall Street’s biggest firms, briefly showed Bitcoin dropping from $45,000 to […]
Bitcoin bounces off the $40k price mark in the past few hours and has climbed 5% since then, now trading at around $42k. It comes as the looming bankruptcy of major Chinese property developer Evergrande is on the front pages of all business newspapers. The company owns more than 1,300 building projects in more than […]
Back in the spring of 2007, all signs pointed towards a bubble brewing in the US housing market. Bear Stearns was the first domino to fall, but as another behemoth of US finance was quick to snap it up, no one really gave it a second look and stock markets kept rising. Summer came and […]
An explanatory piece in the New York Times about stablecoins shows that regulation might be nearing, according to Coindesk. As a result, Bitcoin and the rest of the crypto market saw a selloff this morning, with the biggest cryptocurrency now trading under $45k. Meanwhile older generations are now also discovering crypto as multiple articles over the […]
Cryptocurrencies are mostly traded in two global currencies, the United Stated dollar and the European euro. Given the size of both markets and the richness of their middle classes as well as the willingness of those populations to invest in a risky asset, not too surprising. The third place however, is a surprise for those […]
