Crypto news

If you are into chess and bitcoin, then this upcoming tournament is likely to keep you fully entertained. Do Chess and Bitcoin Go Together? Some of the world’s biggest and best chess players are gathering to play for a massive, six-figure bitcoin prize. The competition will feature as many as 16 grandmasters – including the top ten chess players in the world – to battle each other on the board and possibly get their hands on a massive crypto prize. The contest is known...

As the bitcoin space continues to grow, major banks and financial institutions around the world are completely confused about what to make of it and what their next steps should be. Banks Don’t Know What To Make of Bitcoin The idea up to this point is that banks are not entirely fearless of bitcoin. They know that it is a growing asset despite the problem that it has sunk in price greatly over the past few weeks. This has not deterred people from investing in BTC and...

With bitcoin continuing to slip into oblivion, it is no wonder why so many financial analysts and firms seem to believe that the world’s number one digital currency by market cap is going to get overtaken in the coming weeks and months, and according to a new report from monetary powerhouse Goldman Sachs, executives firmly believe that Ethereum may be on the verge of being king of the crypto space. Goldman Sachs Seems to Think ETH Will Come Out on Top Earlier in the...

The Biden administration plans to submit a $6 trillion spending budget proposal later this week. Right after the news broke out, bitcoin’s price increased to above $40k but failed to sustain it as of writing these lines.  According to a report from The New York Times, this budget is part of Biden’s two-part federal agenda and will be spent in the 2022 fiscal year. The total spending could rise to US$ 8,2 trillion. Bitcoin broke $40,000 shortly after the announcement but has...

[PRESS RELEASE – Please Read Disclaimer] The rampant DeFi adoption has witnessed massive opportunities to transform the fin-tech space. The emerging modern financial industry is today witnessing convergence of trade finance and DeFi. Platforms such as Polytrade are instrumental in the systematic application of blockchain technology by promoting trade finance in the world of DeFi. Polytrade envisions bringing real-world assets to the crypto world, thus creating a seamless...

Charles Hoskinson – the founder of the blockchain platform Cardano – revealed his three reasons why Ethereum falls behind his project. Additionally, he scratched the topic of BTC’s energy consumption. Why Cardano Is Superior to Ethereum? In a recent Yahoo Finance interview, Cardano’s founder Charles Hoskinson criticized Ethereum’s network by calling it overrated and outlining a lack of vital qualities. First, Ethereum can only process smart contracts while the rival Cardano...

Nachdem Teslas Rückzug vom Bitcoin die Gründung eines Mining Councils hervorbrachte, stellt sich natürlich die Frage, was dieses Council überhaupt erreichen will. Auf Twitter meldeten sich die ersten Mitglieder, um Details preiszugeben. Bitcoin News: Bitcoin Mining Council stellt erste Details vorPeter Wall von Argo ist eines der Mitglieder. Er schrieb, dass vor allem „Transparenz“ und „Mining mit erneuerbaren Energien“ die wichtigsten Ziele des Councils sind:Well said, Amanda.This is about...

[PRESS RELEASE – Singapore, Singapore, 27th May 2021] We’ve seen a lot in the three years since Bluzelle started. In the past twelve months we’ve witnessed the rise of three trends: Defi as a true alternative to the existing financial systems The emergence of NFTs as a way to manage intellectual property. The distancing of publishing from the incumbents because of censorship concerns. Bluzelle sees the above as signs of a megatrend: the emergence of the creator economy...

Bitcoin is now up 25% from Sunday’s low of $31,100 as it is attempting to reach the $40K resistance level once again. Quick recap: following last Wednesday’s liquidation drop to $30K, the primary cryptocurrency recovered to $42K, just to plunge once again to $31,100 on Sunday, but again – it quickly managed to recover. At the end of Sunday, it closed above $34,760 (downside 1.414 Fib Extension). Since then, BTC managed to break above a descending price channel, as shown on...

The substantial growth of the cryptocurrency sector in the past year has caught the eye of central bankers. The latest to opine on the matter and, somewhat expectedly, to dismiss the industry’s chances of actually disrupting the centuries-old financial space was the governor of Denmark’s central bank. Crypto Is Speculative Fad During a recent interview with Bloomberg, Lars Rohde, the governor of Danmarks Nationalbank, took a few stabs at the cryptocurrency sector. Despite...