Bitcoin (BTC)

The cryptocurrency space is climbing towards a market cap of roughly $1.7 trillion given that bitcoin is now trading above $42,000 – something it hasn’t done in a very long time. The currency was allegedly given a slight push by the “London” upgrade that occurred for Ethereum a few days earlier, and this upgrade likely caused several other altcoins (such as Cardano and Polkadot) to shoot up as well. Ethereum Is Slated to Flip Bitcoin in the Coming Years But while bitcoin...

Cambodia is another country that is heavily reliant on the U.S. dollar. Tired of its dependence on USD, the country has launched a centralized, bank-issued cryptocurrency, hoping that people will begin to utilize it for payment purposes, and thus far, the results have been rather positive. Cambodia Has Unveiled an Official CBDC As it turns out, El Salvador – which has been in the news quite a bit as of late – is not the only country out there that depends heavily on USD...

During the six months preceding June 30, Argo Blockchain reported revenue of £31 million, up 180% compared to last year’s first half.Argo Blockchain PLC (LSE: ARB), a leading cryptocurrency mining company, has reported its H1 earnings results for 2021. According to the interim half-year results for 2021, the company recorded notable gains bolstered by the Bitcoin price pump and increased mining capacity.During the six months preceding June 30, Argo Blockchain reported revenue of £31 million,...

The duo of Bitcoin and Ethereum has a unique price correlation that sees a slip in one asset rub of on the other and vice versa.The broader digital currency ecosystem is seeing a tremendous face-off between the bulls and the bears as price volatility wars stir an upshoot in some digital currencies, it has fueled a slip in others like Ethereum. While Bitcoin (BTC) is currently trading at a gain of 1.96% to $45,705.44, Ethereum (ETH) is down by 0.12% to $3,122.50.The EIP 1559 Upgrade Sentiment...

Stellar lumen price started a decent increase above the $0.2800 resistance against the US Dollar. XLM price is now trading near $0.2800 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.2760 on the 4-hours chart (data feed via Kraken). The pair is likely to start another increase as long as it is above the $0.2700 support zone. Stellar lumen price is showing positive signs above $0.2700 against the US Dollar,...

Ripple price gained traction and it rallied above $0.7500 against the US dollar. The price is now trading well above the $0.7500 resistance and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $0.7500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to rise as long as it is above the $0.7000 support zone. Ripple price is trading in a positive zone above $0.7500 against the...

Fidelity Investments Inc. is now a major stakeholder in Marathon Digital Holdings, one of the biggest bitcoin mining firms in North America. Fidelity Investments Buys More Than 7% of Marathon At the time of writing, Fidelity has purchased a 7.4 percent stake in the crypto mining enterprise, thereby boosting the institutional presence that has grown so prevalent in the crypto world over the past few months. Since the end of last year, many institutional figures from...

Billionaire investor Ray Dalio clearly has a soft spot in his heart for bitcoin, but when it comes to gold, it looks like that soft spot gets even bigger. In a recent interview, Dalio was quick to claim that bitcoin is like a digital version of gold, but he still values the real thing over its digital counterpart. Ray Dalio: Gold Is a Better Choice In the interview, Dalio explains jokingly: If you would put a gun to my head and you said, ‘I can only have one,’ I would...

Brazil continues to make progress in creating new investment opportunities related to cryptocurrencies. This week, it launched a brand new Bitcoin ETF —with a green twist. Under ticker BITH11, the Hashdex Nasdaq Bitcoin Reference Price replicates the performance of the Nasdaq Bitcoin Reference Price Index. This would, in turn, be the second ETF available in Brazil offering 100% exposure to Bitcoin, competing against the QR CME CF Bitcoin Reference Rate or QBTC11 that was also...

The controversy surrounding the cryptocurrency taxation bill that might be passed in the United States has evoked a mixed reaction from crypto proponents. While the debate is still ongoing, Jack Dorsey, a popular Bitcoin advocate and CEO of the popular microblogging platform, Twitter, has recently shared his views on the matter. In a series of tweets today, Dorsey noted that it would be unreasonable to force these reporting rules as some firms may not have the capacity to...