Crypto news

Last month, Justin Sun, the founder of the popular blockchain TRON, purchased one Ether Rock for $500,000 and he believes that the art is like Picasso in 1932. Ether Rocks is one of the oldest non-fungible token collectibles that started gaining traction earlier this year. The NFT collection was launched in December 2017 and consists of 100 digital rocks that were tokenized on the Ethereum blockchain. Shortly after they were created, ETHRocks sold for 0.0999 ETH which was...

The battle for $50k continues as the bitcoin price is trading above and below the key level. On Friday, September 3rd, 2021, Bitcoin successfully made the first daily close above the $50k mark since May, a sign of strength for the bulls. Trading volume came in 36% above average on Coinbase, indicative of strong spot buying. In addition, BTC short liquidations came in below average, indicating the recent price rally was spot-driven rather than short covering. Chart by...

After touching a multi-month high above $51,000, bitcoin has retraced slightly and currently stands around the coveted $50,000 mark. Most altcoins have also stalled on a 24-hour scale, except for Polygon, which has surged by roughly 20% in a day. Bitcoin Stands Around $50K Ever since the primary cryptocurrency recovered from its dip to $46,300 at the start of the month, the bulls have had control over the market. They pushed the asset to and beyond $50,000, as reported...

The CEO of blockchain forensics firm Chainalysis is optimistic that the bitcoin price will rise above $100,000 before the end of 2021. $100k by December 2021 In a Bloomberg interview on Thursday (September 3rd, 2021), Michael Gronager, who is also the co-founder of cryptocurrency exchange Kraken, asserted that bitcoin and the cryptocurrency market, in general, are still in a bull run state. Earlier in August, Kraken CEO Jesse Powell noted that the market was still in the...

The Congress of El Salvador has voted unanimously to approve a $150 million fund that will allow for bitcoin to fiat conversions in the country. El Salvador Is Really Pushing BTC Forward El Salvador is the first country to declare bitcoin legal tender. The country will permit bitcoin transactions for goods and services as though bitcoin was fiat currency beginning on September 7, though the journey has come with a few ups and downs, the first one arguably being that El...

American songwriter, singer, and dancer Jason Derulo revealed today that he invested in crypto, particularly Solana (SOL) back in June and it has been a great ride. Jason Derulo’s Bet on Solana Paid Off Well Expressing his delight, Derulo tweeted saying “I betted on Solana in June. Wow, what a ride! #crypto.” While the celebrity did not share the amount he invested in SOL or if he has other crypto assets in his portfolio, it is certain that he is in massive profit,...

A husband – who currently remains anonymous – is learning some hard lessons about love, life, and bitcoin investing. In a recent post on Reddit, the man admitted to squandering as much as 50,000 pounds of bitcoin in a bad investment. He now has none of the funds left and admitted in the post that he still has not been able to tell his wife. A Husband That Can’t Tell His Wife… The husband wrote on social media that he was “wracked with guilt” and that he could “barely...

What’s going to make bitcoin bigger than ever? According to billionaire investor Anthony Scaramucci, the answer is “trust.” Anthony Scaramucci Discusses BTC in New York Right now, trust – or the lack thereof – is getting in the way of the asset’s progress. Many are worried about the currency’s volatility and the fact that it is so vulnerable to price swings. Just four months ago, the asset managed to rise to a new all-time high of approximately $64,000 per unit, though...

According to a recent research, 17% of Aussies have some cryptocurrency holdings. Bitcoin is still the most popular digital asset while Ethereum and Dogecoin ranked respectively second and third. What is The Crypto Trend in Australia? Finder’s Consumer Sentiment Tracker – a nationally representative survey of 1,000 Australians conducted by Qualtrics – revealed that one in six locals had entered the digital asset market. Most hodlers answered they purchased cryptocurrency...

The Bitcoin bulls continued to push the cryptocurrency north in the past 24 hours, resulting in a multi-month high of just over $51,000. Most altcoins also performed well in the same timeframe, with ETH touching $4,000 for the first time since mid-May. Bitcoin Tapped $51K September didn’t start all that well for bitcoin as the asset fell to a multi-day low of $46,300 on Wednesday. However, this is where the situation quickly changed. The primary cryptocurrency started rising...