Crypto news

Bitcoin is often touted as something that can potentially move the world in the right direction. It allegedly offers people financial freedom and more control over their monetary decisions, and the world’s number one digital currency by market cap appears to be producing solid results in foreign markets and nations. How Is Bitcoin Helping People Around the World? One case where the currency is performing acts of good is in both China and North Korea. Not long ago, North...

Last year’s epic crypto bull run helped crypto companies thrive, many beyond expectations. However, the current landscape is entrenched in a sluggish territory, a trend that has translated into figures for the prominent digital asset management firm, CoinShares, which announced the interim results for the first quarter of 2022. According to the official press release, the firm’s total revenue during the first three months of 2022 has shrunk to £27.96 million ($35 million)...

The United States is imposing more sanctions on Russia for its alleged involvement in the Ukraine invasion. The country is now saying it will penalize all crypto miners who seek to assist Russia in evading the present regulations set forth by the U.S. and its allies. Russia Is Getting Hit Again The United States has long been at it with Russia. The country potentially invaded Ukraine back in February despite many attempts from the U.S. and other countries to dissuade it...

America’s top financial watchdog – the Securities and Exchange Commission – disclosed it will almost double the size of its employees, responsible for protecting investors in the digital asset ecosystem. The Crypto Assets and Cyber team will be topped up with 20 people, reaching a total of 50 experts. SEC Hires More People Focusing on the Crypto Space The SEC has long advocated setting up comprehensive rules in the crypto space. The agency outlined the significant progress of...

Phunware, Inc. – an enterprise cloud platform and services firm for global brands – is bringing Matt Lull onboard as its new executive vice president and chief cryptocurrency officer. Lull brings 30 years of financial experience to the role, and his position took effect on April 18 of this year. Phunware Is Growing Its Crypto Abilities The addition of the role suggests digital currencies are now crossing deeply into mainstream territory, and we can likely expect to see...

Stock traders and investors who actively manage their portfolio are busy anticipating and scanning the quarterly filings every earnings season, beginning about two weeks after the end of each annual quarter. Crypto stocks, shares in companies built around cryptocurrency, or having high exposure to the digital asset market are no different. Crypto Companies to Release Earnings Reports As required by the SEC, corporations with listed stocks publish earnings reports about the...

Ethereum bulls are trying to keep the uptrend at a critical stage. For a solid reversal, they must try to hold the dynamic support and break above the descending resistance line. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the bears have been unable to push the price below the dynamic support (in green). This trend line is currently playing an essential role in continuing the uptrend. On the other hand, losing it can psychologically cause panic in...

Billionaire hedge fund manager Paul Tudor Jones explained on Tuesday why he’s still bullish on Bitcoin, despite its flat price over recent months. He believes the crypto ecosystem is part of a broader trend toward a borderless internet and globalized world, and that younger generations will bring it about. Centralization VS Decentralization When speaking with Joe Kernen of Squawk Box, Jones specifically described a “generational” and “digital” divide around Bitcoin. While...

Aktuell geht man von 200 Millionen aktiven Crypto-Nutzern weltweit aus. Laut Brian Armstrong, CEO von Coinbase, wird diese Zahl innerhalb der nächsten 10-20 Jahre deutlich ansteigen und sich mehr als verfünffachen. Crypto News: Coinbase CEO glaubt an eine Milliarde Crypto-Nutzer in dieser DekadeSeine Annahme untermauert er damit, dass sich der GDP (das Brutto-Inlands-Produkt) immer mehr im Cryptomarkt abspielt. Betrachtet man den relativen Anteil des Marktes im GDP in den letzten Jahren,...

NFT buying frenzy has disrupted not only Ethereum. Solana witnessed the clogging of millions of NFT transactions on its network due to bot activity targeted at such mints. Block production resumed on Sunday, and the operators managed to restart the main network successfully. Mitigation Steps In a new blog post, Solana devs outlined three mitigation steps to tackle such congestion issues. QUIC Adoption: Solana core protocols are being reimplemented atop Google-built protocol...