Crypto news

It’s happened again, folks. Another digital currency company has filed for bankruptcy protection. This time, it’s Block Fi, a crypto lending platform, which was reported to be heading in this direction back in late December. Block Fi Is the Latest Crypto Firm to Crash Ironically, the company was one of the few to be “saved” by FTX earlier in the year, though now that its savior is crashing and burning before the eyes of the public, Block Fi no longer has what it takes to...

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The total cryptocurrency market capitalization managed to increase by around $17 billion in the past seven days. Interestingly enough, the gains came mostly on the back of altcoins. This is highlighted in the declining Bitcoin dominance – a metric that’s commonly used to gauge BTC’s share relative to that of the rest of the market. At the time of this writing, the BTC dominance sits at 38.1%, having peaked at over 38.4% last week.  Bitcoin’s price increased by a total of...

[PRESS RELEASE – Geneva, Switzerland, 5th January 2023] For TRON DAO, 2022 was a year of historic growth. Here are 22 highlights from the fastest-growing public blockchain’s record year: # 22 possibly the world’s biggest DAO On January 5, TRON announced its restructuring to become a decentralized autonomous organization (DAO). On April 11, Forbes declared that TRON DAO is probably the world’s biggest DAO, as the TRON blockchain now boasts more than 132 million user accounts....

DCG (Digital Currency Group) – the crypto company that owns Grayscale – is allegedly $2 billion in debt, giving traders and crypto analysts a lot to be anxious about. DCG Is Allegedly Dealing with Tons of Debt Barry Silbert – the man who founded DCG – stated in an interview: We have weathered previous crypto winters. While this one may feel more severe, collectively we will come out of it stronger. The goal was to try and calm people’s nerves, though this is easier said...

The US continued to beat expectations in terms of new jobs added for the month of December, according to the Labor Department. The unemployment rate dropped to historic lows. The report for December 2022 indicated that the unemployment rate is down to 3.5% from 3.7% the previous month. At the same time, the world’s most powerful economy added 223,000 jobs in December, which was higher than Bloomberg’s estimates of 200,000. Overall, the US finished the year with 4.5 million...

Ben Mezrich is an author who wrote the book, “Bitcoin BTC Billionaires,” which talks about the rise of the Winklevoss Twins from their early days trying to develop what would eventually turn into Facebook to their adult lives as some of the biggest bitcoin bulls out there. Ben Mezrich Is Writing a New NFT Book Right now, the book is being adapted into a film and is in pre-production, meaning things are still being planned out and the project is in its earliest stages....

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This week, we take a closer look at Ethereum, Ripple, Cardano, Litecoin, and Solana Ethereum (ETH) This Wednesday, the bulls took over the price action and pushed ETH all the way to the key resistance at $1,260. Since then, the price seemed unable to break above. Nevertheless, Ethereum still managed to book a 3.8% increase in the past seven days. The fact that in the past two days, the price has been rather timid in pulling back from this most recent rally suggests that...