Tag Archives: News

Coin Switch – a digital currency investing app – has announced Sudheer Tumuluru as the head of its crypto engineering department. Coin Switch Has Added Many People to Its Payroll Sudheer previously served as the vice president of engineering for fashion for the e-commerce company Myntra. He has worked extensively with big data, cloud, and infrastructure platforms, and with several companies in both the United States and India. He’s excited to be bringing his wealth of...

Elon Musk has come to his own defense following a recent lawsuit that has been thrown in his direction. The suit is coming from a group of investors who claim they lost millions of dollars on Dogecoin investments after listening to Musk talk it up. Elon Musk Says He’s Not the Bad Guy Musk has always been a crypto bull, especially when it comes to Doge. He was long rumored to be the new CEO of Dogecoin, though sadly, this later turned out to be just an internet rumor....

Could bitcoin increase its price by as much as 30 percent in the coming months? Bitcoin May Come Back from Oblivion in Two Months There are many analysts out there that seem to believe October of this year will be a major turning point for bitcoin. They believe the asset could add as much as 30 percent to its value, which per its price at the time of writing, would mean that it would shoot up to about $28,000 or $29,000. That’s not much of an improvement, but it’s...

American football star Tom Brady – who has recently become the celebrity front man for FTX, a new yet increasingly-popular digital currency exchange – was recently featured in an odd, yet interesting advertisement for the platform in which he melted a block of ice containing a single bitcoin with a flamethrower, thus symbolizing that no crypto winter can stop the space from flourishing. Tom Brady Is Seen Promoting FTX In the ad, Brady is seen standing next to a pool. He...

The crypto space has been doing rather poorly as of late. Bitcoin, for example, has lost more than 70 percent of its value and is trading in the low $20,000 range after hitting a new all-time high of roughly $68,000 per unit in the final months of 2021. Many other digital currencies are following suit, and it looks like the industry has lost trillions – not billions or millions – in value. Crypto Startups Remain Popular Despite all this, crypto startups keep popping up...

The world of crypto has experienced something of a steady period. While many of the world’s leading digital assets are nowhere near the highs they achieved in the final months of 2021, it’s good to see that bitcoin, for example – after hitting $19,000 and $20,000 – is flirting with the $22K mark, and other leading assets like Ethereum are beginning to follow suit and hovering at the $1,100 level. What Is Going on with Bitcoin? Stephane Ouellette – CFA and founder of FRNT...

Reno, Nevada – often dubbed the “biggest little city in the world” – has some massive cryptocurrency ambitions. It’s now looking to establish a city-based blockchain system to help residents ease their way further into the world of web3. Reno, Nevada Is Eager to Enter the Blockchain Space Mayor Hillary Schieve serves on a committee known as the Conference of Mayors, which also features Francis Suarez of Miami. Suarez has long been a proponent of bitcoin, even going so...

The Central African Republic (CAR) has come a long way in the digital currency space. The nation was the second in the world to declare bitcoin legal tender within its borders, clearly following in the footsteps of the Central American nation of El Salvador. Now, representatives for the country have announced that they are going to be creating their own digital currency that residents can use to purchase goods and services. The Central African Republic Has a Lot of...

The rumors have been confirmed. Three Arrows Capital – which long denied it was in any trouble – is not only being forced to liquidate its assets, but it is now filing for Chapter 15 bankruptcy protection according to an official press release. Three Arrows Capital Is Kaput The company – just a few weeks ago – liquidated all its assets in the British Virgin Islands. Now, bankruptcy proceedings have concluded in a New York state court. The unique points of Chapter 15 are...

The Boring Company – an enterprise owned by Elon Musk that provides tunnel construction services to clients – has announced it is permitting customers to pay with Dogecoin. Elon Musk Company Will Accept Doge The move is pushing the goals of crypto closer to being achieved. What many people likely forget is that while digital assets have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools....