Crypto news

Elon Musk – the South African billionaire and head of companies like Tesla and SpaceX – is reaffirming his love for Dogecoin and is pushing the asset above all others. Elon Musk Is Big on Doge In recent days, Shiba Inu coin – a growing altcoin and a popular spinoff of Doge – has experienced a massive surge in price. Many are going nuts for Shiba Inu to the point that there is now a petition going between investors and trading platform Robinhood to get the asset added to...

Peter Thiel – Co-Founder of PayPal and Palantir Technologies – believes the high price of bitcoin indicates that inflation has started shaking the financial network. He opined that investors should not rush to buy BTC when the USD value for a single token is more than $60,000. The Fed Is in a State of ‘Epistemic Closure’ The coronavirus pandemic and the catastrophic economic issues, which it brought became a reason for many governments to initiate controversial financial...

Despite having the goal of being widespread and utilized by many people throughout the globe, bitcoin, it turns out, is still experiencing very concentrated ownership according to a new survey conducted by the National Bureau of Economic Research. Bitcoin Isn’t Falling Into Too Many Hands Bitcoin was built as a means of giving financial freedom and power back to the common people. Right now, the world’s financial systems are largely governed by centralized banks that...

The crypto industry has grown exponentially over the past couple of years, attracting many newcomers who’re looking to either invest or interact with thousands of different cryptocurrencies. One of the most recognizable resources that provide comprehensive and easy-to-track data about the market is CoinGecko. With estimated monthly traffic of $113 million, it’s one of the biggest websites in the industry and an important entry point for anyone interested in following what’s...

A teenage boy in the town of Lincolnshire in the United Kingdom has been issued with a 12-month rehabilitation order after he created a phony website that cheated dozens of people out of money that was later used to purchase cryptocurrency. At the time of writing, these digital funds – worth approximately two million pounds – have been confiscated by law enforcement agents. UK Boy Is Seeing His Assets Taken The boy is remaining anonymous at press time, though according...

[PRESS RELEASE – Please Read Disclaimer] The massive demand for staking in all shapes in forms in the cryptocurrency industry has brought success to the recently launched BTCMT staking service by Minto. The project provided detailed information just days after the release of the program, indicating that more than 700,000 coins have already been staked, and the number of newly-issued ones is even more significant. Over $1M Staked BTCMT Coins The project, which saw the light of...

Fast-food giant Burger King has partnered with Robinhood to distribute cryptocurrencies to its customers. All buyers that make a $5 purchase will receive guaranteed Dogecoin, alongside a chance to win ether and bitcoin. Crypto With Your Combo Meal As detailed in a press release from Burger King earlier today, the new crypto giveaway is part of the business’ Royal Perks program. Members earn “crowns” for every dollar they spend at the restaurant, which may be redeemed for more...

Key Support level: $3,969 Key Resistance level: $4,460 The bulls are attempting another break above the all-time high after the shakeout from 27th October which saw the market take a downturn. After the short-lived correction last week, ETH recovered quickly and has maintained a price above the $3,969 support level. This is a show of strength from the bulls and the bears need to return in force if they stand any chance of reversing this momentum. Chart by TradingViewETH Price...

The New York-based giant Digital Currency Group sold $700 million worth of shares in a secondary sale in a deal on Monday led by some high-profile participants such as SoftBank, Alphabet Inc’s Capital G, and Ribbit Capital. With this, DCG becomes the latest’ decacorn in the crypto space. The secondary round, which valued the company at $10 billion, witnessed the existing investors selling shares to new backers. DCG is not only the parent company of crypto-media platform...

Bitcoin’s price could add 60% of value in the next 30 days to close just shy of $100,000, predicted the analyst behind the popular stock-to-flow model, PlanB. He was spot on in regards to the September BTC close price and was agonizingly close in October. Bitcoin to Near $100K By November’s End? PlanB is among the most popular analysts in the cryptocurrency community, best known as the person behind the stock-to-flow model. It sees the stock as the size of existing reserves...