This week, we take a closer look at Ethereum, Ripple, Cardano, Tron, and Litecoin. Ethereum (ETH) Ethereum’s volatility increased this past week but failed to break above the key resistance at $1,820. For this reason, the price is at a similar point to last week. This consolidation under the key resistance is unlikely to last, and bulls appear eager to break away. On Tuesday, buyers briefly took the price over the key level, but sellers were quick to reverse the price action...
Read More »Bank of Brazil Includes 14 Participants in Its CBDC Pilot
The Brazil Central Bank Digital Currency will initially focus on wholesale interbank transaction payment solutions. Banco Central do Brasil (the Central Bank of Brazil) plans to include more participants in its digital currency scheme. The list, released by the bank on May 24, includes the names of all the participants with whom the CBDC digital real is set to launch. The final list of 14 participants was compiled from 36 bids submitted by individuals and collaborating entities, totaling...
Read More »Report: Texas Is Suffering from too Much BTC Mining
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Is bitcoin mining running the state of Texas into the ground? Texas Could Wind Up on the Wrong Side Texas declared itself open for bitcoin mining about two years ago. During that time, the nation of China said the practice would be declared illegal, meaning those taking part in crypto mining within its borders...
Read More »Not Every Whale Is a Winner: This One Lost $147K in ETH on Memecoins
The cryptocurrency space is full of stories regarding certain investors, typically larger ones, who made fortunes with their investments in more speculative assets like memecoins. These examples tend to attract jealousy as well as some resentment from less fortunate market participants. Today, however, we will take a look at the other side of this coin. A few years ago, it was Dogecoin. Then, it was Shiba Inu. This year, at least for now, the massive memecoin explosion has...
Read More »Digital Currency Group (DCG) to Close Down Its Prime Brokerage Subsidiary TradeBlock
TradeBlock will officially begin the process of shutting down on May 31. Digital Currency Group (DCG), a New York-based venture capital firm that invests and provides services to crypto companies is winding down its TradeBlock subsidiary. According to a May 25 report from Bloomberg, the company, headed by Breanne Madigan, who previously worked at Goldman Sachs for 15 years, will begin the shutdown of the platform by the end of the month, specifically on May 31. TradeBlock, dedicated...
Read More »Nvidia Set to Join Apple, Microsoft, Amazon in the Trillion-Dollar Market Cap Group
Due to a favorable forecast and AI adoption, Nvidia has seen explosive growth and could soon hit the trillion-dollar market cap. Nvidia Corporation (NASDAQ: NVDA) is fast approaching the trillion-dollar market cap due to its explosive stock surge. On Thursday, the chip maker’s shares jumped 26% following a robust earnings outlook and increased production scale. Nvidia’s market valuation sits at $950 billion, which is almost $200 million higher than it was at Wednesday’s close. The Santa...
Read More »Hardware Wallet Provider Trezor Sees 900% Jump in Sales amid Ledger Controversy
The controversy surrounding Ledger’s key-recovery service has boosted sales for its competitor Trezor. Besides, Trezor also addressed concerns over security and develops an auditable secure element through its sister company Tropic Square. The controversy surrounding Ledger’s recently released key-recovery service has ultimately benefitted hardware wallet competitor Trezor. Hardware wallet manufacturer Trezor recently reported a 900% surge in week-on-week sales. Recently, Ledger introduced...
Read More »Bitcoin Startup Lab Launches Program Supercharging Founders Building on Bitcoin
[PRESS RELEASE – San Francisco, United States, May 26th, 2023] Bitcoin Startup Lab, an industry-leading part-time startup training program and community for founders, is enabling the advent of the sustainable Web3 Bitcoin economy with its comprehensive mentorship-guided startup program beginning on June 24th, 2023. Bitcoin Startup Lab enables talented founders to become the champions they are meant to be by training founders with the necessary tools, skills, and knowledge...
Read More »Bitcoin als Inflationsschutz?
In den letzten Jahren hat der Begriff „Bitcoin“ die Aufmerksamkeit von Investoren, Finanzexperten und der breiten Öffentlichkeit gleichermaßen auf sich gezogen. Bitcoin, die erste und bekannteste Kryptowährung, hat sich als eine Art digitales Gold etabliert und wird oft als Absicherung gegen die Inflation betrachtet. In Zeiten wirtschaftlicher Unsicherheit und steigender Inflation erweist sich Bitcoin als eine attraktive Alternative für Anleger, die ihr Vermögen schützen wollen. Die Idee,...
Read More »Bitcoin als Absicherung gegen Dollar-Verfall?
Immer mehr Profianleger investieren in Kryptowährungen und sehen BTC als Absicherung gegen Dollar-Verfall – gleichzeitig steigt auch Anteil derer, die kein Interesse haben Geht es bei den Profi-Anlegern um Bitcoin, Ethereum & Co., dann zeigt sich dieser Tage ein ambivalentes Bild: einerseits steigt der Anteil derer, die investiert sind. Gleichzeitig geben auch immer mehr an, kein Interesse an einem Krypto-Investment zu haben, wie aus einer neuen Infografik von Block-Builders.de...
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