Crypto news

New York University finance professor Aswath Damodaran stated in a recent interview that bitcoin has failed as a currency given that nobody can really buy anything with it. Aswath Damodaran Is Not a Fan of BTC Damodaran states: If bitcoin is a good currency, my question is, why aren’t more people using it in transactions? So, when I run into bitcoin enthusiasts, they seem to push this notion that bitcoin is a great currency because they have made a lot of money on it....

Senator Cynthia Lummis – a Republican of the state of Wyoming – is looking to make it so that individuals can use their retirement accounts to invest in bitcoin and other cryptocurrencies. Cynthia Lummis: Crypto Would Be Perfect for Diversification Lummis was first elected to Congress in late 2020. Beginning her term in January of this year, Lummis has always been a major cryptocurrency advocate. She has admitted to investing in digital currencies herself in the past and...

ADA – the cryptocurrency fueling the Cardano blockchain – now has over $30B worth staked on the network. That’s over 70% of the token’s circulating supply while making Cardano the most capitalized blockchain by staked value, with Ethereum in a distant second at about $12B. Anticipating Smart Contracts The $31.4B figure is gleaned from PoolTool’s recent data, an app that regularly tracks and streamlines interaction between stakeholders and SPO’s. The milestone is reached...

A new cryptocurrency known as CluCoin designed to focus on charity functions is making its way into the digital market. CluCoin Is Looking to Tie Itself to Charities The asset was created by a Twitch streamer known simply as DNP3. At the time of writing, his official identity remains unknown. In an interview, he explained the reason for the currency’s existence: Our goal is to improve all our community members’ lives, while also making the world a better place through...

The past seven days turned out to be yet another period where bitcoin’s price went through a rather choppy action. The cryptocurrency is down about 3 percent in the last week, but it wasn’t without its ups and downs. Last Saturday, we saw BTC tanking to a low slightly above $30K, causing panic and a lot of worries amid the cryptocurrency community. However, right on the following day, on Sunday, the price surged, and a massive green candle took us all the way up to $35,000. A...

London, United Kingdom / 2 July 2021 / Non-Fungible DeFi (NFD) launched the best Non-Fungible DeFi protocol with the highest yield farming in the industry. Non Fungible Tokens (NFT) hype this bull season has exceeded and overshadowed most of the phenomenon. Every bull cycle a new use case from the crypto world attracts global attention and NFT was the one this bull season. It had attracted the attention of mainstream celebrities, sports superstars, musicians, and artists...

Grayscale, the world’s leading digital asset management fund, revealed that it had rebalanced its portfolio in a way where Cardano’s ADA is now the company’s third-largest holding. According to an announcement from earlier today, Grayscale – the world’s leading digital asset manager, has adjusted the portfolio of the Grayscale Digital Large Cap Fund “by selling certain amounts of the existing Fund components in proportion to their respective weightings and using the cash...

Bitcoin’s bull run hasn’t ended, and its price could increase by more than 40% by the end of August, asserted the creator of the popular stock-to-flow model. He also predicted that the next few months will be make it or break it for the S2F. Over the course of the past few months, bitcoin’s price slumped by roughly 50% from the mid-April peak, which questioned the state of the bull market. While most of the community debates whether the 2018 scenario will repeat once again,...

While filing for an IPO with US regulators, the popular trading platform Robinhood reported a 4% increase in revenue coming from digital assets. Interestingly, more than 30% of that came from the most recent craze in the space – Dogecoin. Dogecoin’s Rise on Robinhood Started in 2013 as a joke, Dogecoin attracted the world’s attention earlier this year following countless interactions by one of the most influential people – Elon Musk. His constant engagements were followed by...

[PRESS RELEASE – Vegas, Nevada, 1st July 2021] Seven one-of-one digital collectibles will be available via auction starting Thursday, July 1 at 9 am PT on Crypto.com/NFT Vegas Golden Knights Chief Marketing Officer Brian Killingsworth announced today, July 1, that the team has launched their first series of collectible NFTs (non-fungible tokens). There is a limited run of only eight VGK NFTs in the inaugural batch, seven of which will be featured on Crypto.com/NFT in an...