After more than 3 months of dropping below $50,000, Bitcoin has reclaimed this price level again in a recovery. The price dropped to a low of $29,601 in July. Shortly after that, it started its month-long recovery to reach $50,000 once again. During this period, Bitcoin has gained over 40% from the July low.The rise […]
Ethereum’s price has risen significantly between July and August. Most of the growth has been attributed to the staking of Ether and the recent Ether burning, following the London Hard Fork. Currently, over $23 billion worth of Ethereum (7,095,745 ETH) is staked on the platform. At the same time, approximately 73,800 ETH worth about $230 […]
There are a number of projects that performed particularly well over the past week. The first is the Solana project that positions itself as the Ethereum killer. The project has many similarities with Ethereum, such as smart contracts and hosting DeFi protocols. However, Solana completely supports Proof-Of-Stake and claims to be able to process more […]
Binance’s several regulatory challenges have significantly affected its operation in several countries. To ensure that these challenges are overcome, the exchange has taken some steps such as user education and enlightenment as well as hiring compliance experts in its offices worldwide. In another attempt to secure its users, the exchange announced it will require intermediate […]
One of Japan’s crypto exchanges Liquid has been attacked by hackers. The attack led to the loss of $80 million in users’ funds. The funds were stolen in various cryptocurrencies including Bitcoin, Ethereum, XRP and Tron. Over 107 BTC, 9,000,000 TRX, 11,000,000 XRP, and almost $60 million worth of ETH and ERC-20 tokens were stolen, […]
The Bitcoin price has been rising in the past month, reaching up to about $48,000 from the low of $30,000. Though the rise has been slow, it has also been steady with a few pullbacks on the way. Bitcoin once again pulled back to $45,000 in the last 24 hours and influenced a mass liquidation […]
There is an increasing attempt to tighten regulatory efforts on cryptocurrency exchanges globally. This is due to concerns bordering on money laundering and investor security when it comes to decentralized digital assets.Binance, the largest cryptocurrency exchange by trading volume is one of those taking the heat. The exchange has faced a number of regulatory challenges […]
China is taking fresh steps in its crackdown on cryptocurrencies in the country. In the most recent action, the central bank branch in Shenzhen has announced the closure of 11 companies in the province. According to the central bank, the companies are suspected of crypto trading which the government has been trying to stop.According to […]
The meme-based crypto asset Dogecoin gained a lot of much needed attention over the last 24 hours. The hashtag DogeCoinTo1Dollar is trending on social media like Facebook, Twitter and TikTok concurrently. Google Trends for Dogecoin has also gone up significantly over the weekend, and the price also received a significant push. Specifically, the meme coin […]
Despite the downturn of the crypto market today 15 August, XRP and Ethereum Classic experience a surge in prices. XRP, which is presently the sixth largest cryptocurrency globally, experienced an 11.38% growth in the last 24 hours. Trading at a price of $1.26 currently, the surge took the price to $1.38 on Sunday, which is […]
