Reports show that over $400 billion left the cryptocurrency space over the weekend, in what has been one of the worst sell-offs in the crypto industry history. Total market capitalization trades around a multi-month low of $1.47 trillion in the early Asian session on Monday. The market correction sent the industry’s cap down by about […]
Bitcoin (BTC) resumed its bearish spiral earlier today, as the benchmark cryptocurrency looks to retest this week’s low at $30k, according to Bitstamp. Bybt revealed that the crypto market recorded liquidations of over $1.2 billion over the past 12 hours. At press time, BTC is down by -13%. Meanwhile, the total cryptocurrency market cap fell […]
Two weeks after Elon Musk’s infamous tweet about Tesla ending BTC acceptance for its vehicles due to Bitcoin’s carbon footprint, two leading global exchanges (FTX and BitMEX) have announced that they would go completely carbon neutral. San-Francisco-based trading platform FTX asserted its commitment to the green cause via a tweet on Friday. Although the exchange […]
Bitcoin (BTC) and the rest of the cryptocurrency market underwent an extremely volatile session over the past 24 hours. The benchmark cryptocurrency slumped to its lowest level since January at $30k and rebounded by about $10k over the hours. Bitcoin suffered terribly following negative announcements from Tesla and China. The recent slump is said to […]
New reports show that roughly 9 out of 10 Bitcoin (BTC) mining pools support the Taproot activation. This network upgrade could significantly improve the Bitcoin network scalability and privacy features. However, considering that Bitcoin is in a Difficulty Epoc, an upgrade seems unlikely. BTC.TOP became the latest mining pool to endorse the Taproot upgrade and […]
The charismatic founder of Bridgewater Associates, Ray Dalio, has warned that the success of Bitcoin (BTC) and other cryptocurrencies could become a big anchor at the Wall Street Journal “Future of Everything Festival” last week. The Bridgewater founder noted that: “Its own biggest risk is its success because as a store hold of wealth, no […]
Popular fintech payments processor Square has announced that it would no longer purchase more BTC in the foreseeable future. The latest decision got communicated by the Chief Financial Officer of Square, Amrita Ahuja, in an interview with Financial News. The CFO stated that: “We don’t have any plans at this point to make further purchases. […]
Despite the recent market crash, Bitcoin (BTC) continues to soar in its fundamentals front. The benchmark cryptocurrency’s hash rate has rebounded from its recent dip and has clocked a new all-time high. Consequently, Bitcoin’s mining difficulty recorded its most significant spike in over seven years to a new all-time high as well. Hash rate is […]
MoneyGram and Coinme, a licensed crypto-to-cash exchange in the US, recently announced the “launch of a new partnership to enable the cash funding and payout of digital currency purchases and sales.” MoneyGram is one of the world’s top cross-border P2P payments and money transfers facilitators, which currently caters to over 150 million customers across the […]
