Crypto news

After a highly volatile day prompted by Elon Musk’s Bitcoin engagement on social media, BTC has retraced back to around $34,000, as of writing these lines. Most alternative coins also went along the ride, and the total market cap has sustained the $1 trillion mark.Bitcoin’s 24 Hours Wild RideThe primary cryptocurrency was struggling in the past several days as it even dipped beneath $30,000 on a few occasions that were quickly bought by the bulls. As a result, Bitcoin dominance was fading,...

Digital rewards systems are not necessarily new, but they’re far from being the “norm,” and let’s face it. They can be rather hard to keep track of considering how many separate platforms exist. Institutional cryptocurrency trading platform Bakkt is looking to change all that.Bakkt Is Back and Looking to Revolutionize Digital RewardsBakkt first came to “prominence” in late 2019. Following a whole year of advertising, the trading platform experienced several delays in its release and was...

Crypto crime has been a relative constant in the digital space, and in San Francisco, a new digital currency embezzlement case has just made its way onto the roster of the U.S. Department of Justice (DOJ). The instigator this time around is a young man named Jerry Ji Guo, who has been ordered to spend half a year in jail and must pay more than $4 million to the customers he harmed financially.Guo Must Pay Penalties and Spend Time Behind BarsGuo has been found guilty of posing as a...

This week will probably go down in history. Not for the cryptocurrency market but for Wall Street. Of course, this doesn’t mean that Bitcoin didn’t do its thing – it did, and this time it was Elon Musk responsible.First things first, though, a few days ago, Redditors took Wall Street at its own game. To be precise, Wall Street Bets, a group that exploded in popularity on the forum and quickly gained millions of followers, decided to open long positions on a legacy stock – GME. This is the...

Bitcoin has incurred a nasty fall in recent days, dropping from $40,000+ earlier in the month to about $30,000 at press time. Thus, the currency has lost more than $10,000 since reaching its new all-time high, and many analysts – including Agustin Carstens of the Bank for International Settlements – believe that the world’s number one digital asset by market cap may be in a heap of trouble.Agustin Carstens: Bitcoin May Not Last Beyond a Certain PointIn a recent interview, Carstens went so far...

BitcoinBitcoin is up by a cool 20% over the past week as it currently trades near the $35,700 handle. The number 1 ranked cryptocurrency had been trapped within a range for the majority of the week as it oscillated between $33,000 and $30,000.Looking at the larger picture, Bitcoin was trading within a descending triangle pattern since hitting the new ATH price at $42,000 in early January 2021. It had spiked beneath the lower boundary of this triangle at $30,000 throughout the week but managed...

Bitcoin has to prove itself in order to become a reliable store of value. BlackRock CEO and founder Larry Fink said that the crypto asset might see a bright future, but firstly it has to endure and prove itself.Bitcoin is Still UntestedDuring a recent interview, BlackRock founder and CEO Larry Fink expressed his current opinion and predictions towards the world’s leading cryptocurrency in terms of market cap. Asked to share some thoughts on BTC, Fink said that the digital asset might see a...

The off-chain decentralized computation platform Cartesi has launched a layer-2 solution to work on top of the Ethereum blockchain. The so-called Optimistic Rollups aims to decrease the high transaction fees by orders of magnitude and support scaling by taking computational demands off-chain.Cartesi’s Optimistic Rollups For The ETH NetworkThe Ethereum network, arguably the most utilized blockchain in the field with various ERC-20 tokens, stablecoins, and serving as the underlying technology...

The US financial services company Robinhood continued with restricting its users from accessing its most popular products. After yesterday’s halt of GME stocks, the platform has suspended instant cryptocurrency buying, citing “extraordinary market conditions.”Robinhood’s Restrictions Reach CryptoFollowing the GameStop sage, in which the company’s stocks went parabolic driven by retail interest, Robinhood barred traders from buying its shares. The firm argued that it was looking out for its...

To say that the last few days have been exciting would be a massive understatement in regard to the global financial markets.A group of retail investors, united behind the same cause of rebelling against “smart money” on Wall Street, brought out plenty of things that are wrong with the status quo. Wall Street Bets, as their subreddit was originally called, has also caught the attention of the cryptocurrency community, with the leading monitoring resource, CoinMarketCap, dedicating an...