Crypto news

RevoFi has positioned itself as a prominent player in the cloud computing industry by delivering affordable and accessible solutions while spearheading a revolution in this field. The company takes pride in its A.I capabilities, versatile revenue generation, flexible business models, and cost-effective cloud solutions. Despite these impressive achievements, it’s the A.I. capabilities of the NVIDIA Jetson Nano that truly set RevoFi apart as the frontrunner for A.I. large...

Bitcoin price is trading in a positive zone from the $27,200 support against the US Dollar. The price is now trading above $27,500 and the 55 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $28,250 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $28,850 resistance zone. Bitcoin price is rising from $27,200 against the US Dollar. BTC might...

BTG Pactual – one of Latin America’s largest investment banks – will reportedly launch its own stablecoin, whose value will be tied to the American dollar.  The corporation joined the industry years ago by issuing a security token called ReitBZ and introducing a cryptocurrency exchange in Brazil. The Latest Push According to Reuters, Banco BTG Pactual S.A. (better known as BTG Pactual) will strengthen its presence in the digital asset sector by designing a stablecoin called...

One of the leading crypto mining firms – Marathon Digital – mined a record 2,195 BTC during the year’s first quarter and increased its holdings to 11,466 bitcoin (equivalent to over $321 million at current prices). The positive result at the start of the year contrast with the performance from 2022. The company’s mining capacity was crippled due to a massive storm last summer, while its multi-million exposure to the troubled data center – Compute North – caused additional...

The multichain token bridge Allbridge, which was recently hacked, said that 1,500 BNB (worth around $465,000) was returned to its team. The rest of the funds will be considered a white hat bounty to the exploiter, according to the statement. The cross-chain bridge enables digital asset transfer from one blockchain network to another via liquidity pools. Over the weekend, a malicious entity drained funds after manipulating the prices in Allbridge’s liquidity pools on BNB Chain...

In an abrupt turn of events, peer-to-peer Bitcoin marketplace Paxful has closed its doors indefinitely after a number of internal conflicts and regulatory troubles were brought to light.  The company’s CEO Ray Youssef is now recommending that users of the marketplace migrate to other marketplaces like Noones. The End of Paxful Per a statement from Youssef on Tuesday, Paxful has suspended its marketplace, and he is “not sure if it will come back.” “This will probably come as a...

Reducing oil production means there will be a relative shortage in the supply of the product. The recent actions by some members of the Organization of Petroleum Exporting Countries (OPEC) and its allies tagged OPEC+ to cut oil production beginning in May can significantly stir a setback for most country’s Central Banks. With Saudi Arabia and its key allies including the United Arab Emirates and Kuwait set to cut production by more than 1 million barrels per day, Russia’s projected 500,000...

The second largest blockchain and digital currency conference – known as ETH Denver – occurred in early March of this year in the Centennial State, aka Colorado, at the National Western. ETH Denver Was a Major Hit Among the entrepreneurial speakers present at the event were “Vinny Crypto” and “Matt” with On Chain Records. In an interview, Vinny explained what he and his team sought to accomplish with their work. He said: We make physical records, and you have your NFC...

After a rocky end to 2022, Bitcoin finished the first quarter well in the green, recording an impressive 70% in gains. The core network activity depicted a bullish picture amidst the broader market recovery. According to data compiling the performance of the network and the asset in Q1, Bitcoin surpassed 800 million transactions for over $107 trillion cumulatively. This is a huge feat for a network in existence since 2008 only. Despite the bear market, active addresses on the...

Mark Yusko – the CIO of Morgan Creek Capital Management LLC – recently stated in an interview that he doesn’t understand Dogecoin, nor does he think it has any real utility or use case. In other words, it’s a completely valueless currency. Mark Yusko Doesn’t Think Much of Dogecoin Yusko has long been an outspoken critic of Dogecoin and several other forms of digital currency. Dogecoin is a meme-based currency that was created in 2013 by computer programmer Jackson...