Crypto news

Notorious digital artist Pplpleaser shared a picture of herself crying… but out of joy. All thanks to the booming interest in NFTs.The artist, who has a reputation not only in the DeFi scene but also in the wider, more “mainstream” art industry, put an NFT up for sale on the auction platform Foundation.app. And things went really well.x*y=k: The $500K NFT Sold by PplpleasrPplpleasr’s token depicts an animation of a Uniswap-Esque unicorn on its journey to reach the “Ethereum Promised Land.” On...

Bitcoin has been taking a lot of guff in that it allegedly leaves behind a serious carbon footprint. Many new reports have emerged over the past week claiming the process of extracting new coins does heavy damage to our environment and that it uses more energy than various countries. However, according to figures like Mike Coyler – chief executive of Foundry – bitcoin can somehow serve as a link between present energy and renewable energy, and perhaps the nasty,...

Popular trading app Robinhood has announced it’s looking to add a healthy number of staff members to its cryptocurrency department due to the increasing demand for and interest in digital currencies. Robinhood Will Build on Its Digital Currency Offerings Crypto has no doubt come a long way over the past several months. Bitcoin, for example, was initially trading for less than $4,000 during March of last year. Today, it is worth nearly $60,000. The currency has...

This week was tough across the board as both cryptocurrencies and legacy markets took a beating. Bitcoin was rejected at $60K and dropped all the way down to $50K, but, fortunately, it found support and is now attempting a recovery.The cryptocurrency started the week trading at around $59K and took a shot at the coveted $60,000 mark but failed. It was all downhill from there as BTC retraced all the way down to $50,000 before finding serious support and bouncing back to where it’s currently...

Elon Musk – the South African entrepreneur behind such ventures as SpaceX and electric car company Tesla – is taking a lot of guff for the $1.5 billion bitcoin purchase he engaged in last February. However, he does have a loyal fan in hedge fund manager Anthony Scaramucci, who has come to his defense. Elon Musk Is Taking Some Flack Musk has done quite a bit for the world of cryptocurrency. Buying bitcoin in the way that he did allowed the world’s number one digital...

It was a tough week in the cryptocurrency market as the majority of it is in the red. The big exception this week is THETA which skyrocketed and found a place in the top 10.BitcoinBitcoin is down by a total of 8% over the past week of trading as the cryptocurrency currently trades at $53,330. It attempted to break resistance at $60,000 last weekend but failed. As a result, it started to head lower on Sunday and went on to break beneath the March ascending trend line on Monday.After that,...

[PRESS RELEASE – Please Read Disclaimer]March 16, 2021: FXT has announced the listing of FXT tokens on Coinsbit and Bilaxy exchanges.FXT is a blockchain-based Forex Trading Markets platform that enables investors to predict market conditions and profit from favorable conditions. FXT provides its users with institutional-grade security, round-the-clock customer support, and multiple deposit and withdrawal methods to ensure a world-class user experience.The native token of FXT – known as FXT...

While the cryptocurrency landscape in India is still faced with regulatory uncertainty, the government has directed that companies should disclose details of their crypto transactions and holdings.Possible Crypto Regulation for India?According to a document published on March 24, both public and private firms in India care to disclose details of their cryptocurrency activities during the financial year. The new rule follows an amendment made by the country’s Ministry of Corporate Affairs to...

The founder of Cardano, Charles Hoskinson, tuned in through another video, explaining some of the next steps ahead of the team. In the laid-out roadmap, he outlined that a testnet for the long-awaited smart contracts on Cardano should be rolled out in late April or early May.Cardano Smart Contracts Getting CloserAt the time of this writing, Cardano’s native cryptocurrency, ADA, is trading at around $1.20 and sits on a market cap of almost $40 billion. This makes it the fourth-largest project...

Bitcoin is at its “inflection point” caused by the current global economic situation, said Dawn Fitzpatrick – the Chief Investment Officer of Soros Fund Management.However, she also warned that the upcoming launch of CBDCs could harm the first-ever cryptocurrency in the short-term.BTC’s Inflection PointFounded in 1969 by Georgi Soros, Soros Fund Management is a privately owned hedge fund sponsor investing in public equity and fixed income markets. The organization’s CIO recently spoke about...