Markets

Bram Cohen, the founder of the Chia network, has warned against the use of unofficial mining pools as they may pose significant threats to the miners.Newly launched “green cryptocurrency,” Chia Network Coin (XCH) has continued to gain prominence in the digital currency ecosystem, for many reasons, including its price performance. Amid the ongoing crypto market dip, the XCH has maintained a relatively stable price and is currently exchanging hands at $1,300 (-13%) and its trading volume surged...

Whiles Mr. Kiyosaki’s opinions have been met with diverse reactions, the United States Labor Department has announced that the Inflation rate in the country has shot up the fastest rate since 2008Robert Kiyosaki, the author of the popular book ‘Rich Dad, Poor Dad’, has attributed the current state of the financial space in the United States to actions of the US Fed, treasury, and President Joe Biden. Kiyosaki has revealed that he intends to buy crypto amid the current Bitcoin dip, adding that...

The price of ICP is down. While Bitcoin is leading the market correction, the top altcoins including Ethereum (ETH) have also been dragged into the nosediving market.The price of the Dfinity’s newly launched blockchain web protocol, Internet Computer (ICP) has continued to bear the brunts of the ongoing global crypto market correction.Despite the coin’s price falling from its debut price of $731 to $258 over the past weekend, the network’s native digital currency has continued to nosedive....

Elon Musk continues to drive volatility in the crypto market as bitcoin fell by $7,000 in a day before it recovered $3,000. Most altcoins are also deep in the red, with ETH dipping below $3,500 and BNB beneath $500. Bitcoin’s 24H Wild Ride It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t that long ago as it traded above $58,000 on May 12th. However, Elon Musk’s statement that Tesla had stopped receiving BTC payments for its electric...

[Featured Content] Non-fungible tokens will surely go down in the history books of the cryptocurrency saga. Despite marking its powerful comeback in 2021, this mania still bears the strong scent of the crowdfunding trend. A considerable amount of time has gone after the insane popularity of CryptoKittens Dapps that managed to take down the whole Ethereum network back in the day. The new market development spiral can ring the bell again and attract more sharks due to the...

Last week, Elon Musk and Tesla shocked the entire crypto industry following an announcement that the electric car company will no longer accept bitcoin payments for “environmental reasons.” A Hard Pill For Bitcoin Maximalists Giving its reasons, Tesla argued that Bitcoin mining operation requires massive energy consumption, which is generated from fossil fuel, especially coal, and as such, causes environmental pollution. The announcement caused a market dip which saw over $4...

It goes without saying that Tesla took center stage last week when the company announced it would no longer support bitcoin payments for its electric vehicles. The message seems to have resonated, as Greenidge Generation Bitcoin Mining has vowed to be carbon neutral in 2021 and beyond. Carbon Neutral Bitcoin Mining After announcing plans to expand its Bitcoin mining operations last month, Greenidge is now looking to go entirely carbon neutral this year and in the future. The...

ADA/USD: New ATH Above $2.50 Key Support Levels: $2.26, $2.10, $1.98, $1.85. Key Resistance Levels: $2.52, $2.75, $3.00, $3.20. While the entire market struggles, as Bitcoin fails to reclaim the $50K mark, ADA managed to surge by almost 50% this week and set a new ATH price at $2.52 earlier today. The cryptocurrency had surged from the 50-day MA at the start of May to meet resistance at around $1.80 last week. On Thursday, ADA finally broke above to reach the $2 milestone....

Currently, ICP is trading at $258, has lost over 60% of its debut price, and is currently valued at $32 billion. In the past few days, Internet Computer (ICP) made a debut with an incredible display of $45 billion market value. However, the moment was short-lived as the price took a nosedive from $731 debut price to $146 within a few minutes. In an attempt to recover the lost value, ICP took a rebound to hit $280 in a couple of days but was dragged down the price curve by the general...

Bitcoin’s price continues to tumble, and the asset has failed to overcome $50,000 yet again. Some alternative coins have marked substantial gains in the past 24 hours, including another ATH for ADA and a 15% surge for XRP. As a result, BTC’s dominance has fallen to its lowest level since June 2018. 35-Month Low for BTC Dominance Ever since Elon Musk announced that Tesla will cease receiving bitcoin payments for its electric vehicles, the price of the primary cryptocurrency...