Crypto news

There’s been a lot of talk about Bitcoin’s potential to one day reach $1 million per coin – possibly within the next few years.  But is that a reasonable assumption? Here are the data points to consider when assessing Bitcoin’s likelihood of reaching seven figures.  The Halving Cycle Bitcoin’s monetary issuance schedule is designed to cut the rate of newly issued coins every 210,000 blocks – roughly once every 4 years. These “halvings” are known to be a major catalyst for...

Bitcoin and other forms of digital currency may have been hit hard pricewise over the last 13 months, but Block – the payment company formerly known as Square and started by ex-Twitter head Jack Dorsey – has posted strong growth revenue and profits for the fourth quarter of 2022 primarily thanks to its Cash App digital wallet protocol. Block and Bitcoin… A Perfect Match? Bitcoin suffered its worst year on record in 2022. The world’s number one digital currency by market...

The crypto analytics provider – Santiment – revealed that almost 90% of Ethereum’s supply is currently stored in self-custody addresses. The last time the figure was so high was in 2015, shortly after the protocol’s native token saw the light of day.  The new data comes at a time when investors seem to have lost some of their faith in centralized exchanges. Withdrawals from Binance soared in the past 24 hours, prompted by the recent clash between the platform and the CFTC. ...

Chinese e-commerce giant Alibaba has confirmed plans to split into smaller groups to allow each one pursue independent IPO. Alibaba Group Holding Limited (NYSE: BABA) recently announced plans to split into 6 business units, each capable of pursuing an IPO. According to the Chinese e-commerce giant, the move seeks to “unlock shareholder value and foster market competitiveness.” The Alibaba IPO-focused split also represents the most significant reorganization in the Hangzhou-based...

[PRESS RELEASE – Toronto, Canada, 27th March 2023] Winkles & Flam™, the ‘Cosplaying Canadian Kitties™,’ are the First Original Cartoon Duo of the web3 space, launching exclusively on OpenSea Drops Sphynx Ink Inc. comprises Oscar®-Nominated Filmmaker Adam Benzine (HBO’s Spectres of the Shoah) & BAFTA®-Winning Illustrator Dele Nuga (The BBC’s The Clangers) Non-PFP and non-generative, Winkles & Flam marks a radical new model for Digital Collectibles, with...

Bitcoin may have taken a serious hit in the past year, but for the black community, the dream is still very much alive, and bitcoin presents just as much opportunity as ever. The Black Community Still Believes in Crypto The idea is that many individuals in black America have not garnered the same chances as so many others. The narrative is that standard financial institutions often shut African Americans and other minorities out of the picture when it comes to offering...

The lawyers of Sam Bankman-Fried (SBF) have reportedly shaken hands with US prosecutors on amended bail conditions.  The authorities will give the former crypto mogul a new phone with no Internet capability and prohibit him from using online messaging applications. A recent Reuters coverage informed that SBF’s attorneys and American prosecutors involved in his case had revised his bail agreement.  The former CEO of FTX will have a new laptop with limited functions. It will...

While Jay-Z is known as a music icon, his wealth accumulation can be attributed to his wide-ranging investment in different companies. American rapper and founder of Roc Nation music label, Jay-Z has seen a dramatic rise in his net worth over the past year according to Forbes. Per the figures released, Jay-Z is now worth as much as $2.5 billion in what comes as a prophecy come true for the 53-year-old rapper. Jay Z was not one of the founders of rap music in the United States, but he...

Popular on the Ethereum blockchain, zk-proofs are also coming to the Bitcoin network. ZeroSync Association is bringing zk-proofs (Zero Knowledge) to Bitcoin (BTC) even as cryptographic techniques become popular on the Ethereum blockchain. Reports state that ZeroSync, a Swiss non-profit association, received sponsorship from crypto investment platforms Geometry Research and StarkWare Industries. The newly-formed association already has a working prototype, allowing users to validate the...

A fight is brewing between a cryptocurrency mining firm in Niagara Falls, New York and city regulators. The city wants the enterprise shut down, while the facility is working hard to keep its license in play so it can continue its business. The company in question is called Block Fusion, and it’s been working for many years in an old industrial site on Frontier Avenue. Block Fusion Is Engaged in a Crypto Lawsuit New York has not been a kind region to crypto companies....