With the substantial growth of the Ethereum network, numerous similar systems allowing smart contract deployment emerged trying to compete. While many of them kept outlining shining plans to become Ethereum killers, some remained silent and focused on growth instead of bragging rights. This seems to be the case with Tezos – a decentralized open-source blockchain executing peer-to-peer transactions that saw the light of day nearly four years ago. It has stayed below the radar...
Read More »Weekend Recovery: Bitcoin Touched $40K, ETH Spikes 6% (Market Watch)
The cryptocurrency and financial markets took a severe hit shortly after Putin ordered a “special military operation” on the territory of Ukraine. However, the markets are pricing the future, and following Biden’s speech that confirmed the US would not apply any severe sanctions – global markets and crypto quickly recovered. Thursday saw a 7% intra-day gain in wall street, and Friday also saw a green spike on Wall Street’s screens. The primary digital asset currently hovers...
Read More »Political Sanctions Against Russia and the Crypto Market’s Reaction
Western and Asian leaders have revealed more sanctions on Russia after its forces invaded Ukraine. Australia, New Zealand, Taiwan, the European Union, and Japan have all slapped Moscow with fresh embargoes on Friday, fiercely condemning the military aggression that’s unfolding in Ukraine. Amidst the crisis, Ukraine urged the West to ban Russia from SWIFT, the high-security network that expedites payments among some 11,000 financial institutions in over 200 countries. Earlier...
Read More »Russia Invades Ukraine and the Massive Bitcoin Volatility: The Week’s Crypto Recap
The past week was riddled with volatility, largely induced by the geopolitical turmoil. Russia declared a military operation against Ukraine and invaded the country’s borders on Thursday – February 24th. In a move that shocked many and was expected by some, the two countries are actively engaged in the first war in Europe for quite some time. Needless to say, this shook financial markets. On Thursday, global stocks traded in the red, and this caused further mayhem in the...
Read More »Bitcoin Bad? Leaked Documents Allege Credit Suisse Operated Accounts of Criminals
Recently leaked documents allege that the giant private bank Credit Suisse had held hundreds of billions of dollars of clients alleged or involved in drug trafficking, corruption, torture, money laundering, and other serious crimes. This comes years after the bank bashed the cryptocurrency industry, claiming that bitcoin presents money laundering challenges. The Leaked Documents A whistle-blower shared compromising data on more than 18,000 bank accounts holding over $100...
Read More »Market Watch: Bitcoin Plummets to a 2-Week Low at $38K
Bitcoin’s troubles only intensified in the past 24 hours as the asset dropped by a few thousand dollars again to a 16-day low of $38,000. The altcoins are deep in the red as well, with Ethereum at $2,600, Cardano well below $1, and AVAX beneath $80. Bitcoin Dumps Again It’s safe to say that bitcoin has seen better days which weren’t all that long ago. Just on Tuesday and Wednesday, the cryptocurrency recovered from its latest dump to $42,000 and jumped to nearly $45,000....
Read More »Bloody Weekend Watch: BTC Fights for $40K, ETH Dumps Below $2.8K
The bears continue to put pressure on the crypto market as bitcoin dropped below $40,000 for the first time in two weeks. The altcoins are also deep in red once again, with Ethereum sliding beneath $2,800 and massive price drops from Solana, Avalanche, MATIC, and others. Bitcoin Struggles Around $40K It was just three days ago when the landscape around the largest cryptocurrency seemed significantly more bullish. The asset had recovered from its latest dips to $42,000 and...
Read More »Federal Reserve Officials Prohibited From Trading Bonds, Stocks, and Cryptocurrencies
A few months after introducing the first draft aiming to prohibit Fed officials from owning certain assets, the policymaking Federal Open Market Committee has updated the document to include cryptocurrencies. Reports emerged last year claiming that numerous Federal Reserve top employees traded stocks, bonds, and real estate securities in 2020, shortly before the central bank employed specific COVID-19-prompted policies that impacted the market. Some policymakers resigned...
Read More »Here’s How I Turned $2K Into Almost $500K Flipping NFTs: Trader Shares
The field of non-fungible tokens continues to boom, and new projects are popping daily. One trader, however, shares how he turned $2K in almost $500K, filliping NFTs without bothering with tedious whitelists and fresh mints. Here’s the story of how he did it. The NFT Game: It’s Not Always a Get-Rich-Quick Scheme Many of those who’re stepping into the world of non-fungible tokens (NFTs) are immediately flabbergasted by success stories of someone who bought a Bored Ape NFT for...
Read More »The Guy Who Bought an Ape for 4 ETH Explains Why He Rejected a $1.2M Offer
At this point, it’s becoming pretty evident that non-fungible tokens are causing a massive stir. With this, however, there’s also no shortage of fascinating stories of random people turning a few thousand dollars into millions. Or, in this case – the story of someone who refused to be turned into an “instant millionaire” by turning down a $1.2 million offer on an NFT that he paid less than $17K for back in May 2021. The Story of Golden Ape #1726 For those of you who haven’t...
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