Tag Archives: News

A lot of celebrities and politicians that have gotten into the crypto craze as of late are likely regretting their actions given that bitcoin and several other leading digital assets have experienced heavy price drops. Individuals like Eric Adams, the mayor of New York City; Aaron Rodgers, a quarterback with the Green Bay Packers, and Melania Trump, the first lady of the United States, have all entered the crypto foray in recent weeks, but are now experiencing heavy...

Bitcoin and several leading digital currencies have experienced heavy price drops in recent days. Many analysts now fear that things are going to get a lot worse, and that a crypto winter may potentially be heading our way. Analysts Are Worried About a Crypto Winter On Monday, bitcoin briefly fell below the $33,000 mark, meaning it reached its lowest peak since last July. That was a time when bitcoin was trading below $30,000 – just a few months after hitting a new price...

A couple that was on the verge of foreclosure and monetary collapse said that they made more than $100,000 in just a few hours selling non-fungible tokens (NFTs). How a Couple Was Saved By Their NFTs Thorne Melcher says she lost her job as a software engineer last February. From there, the bills just began piling up and she was having a lot of trouble finding a new job. Her girlfriend, Mandy Musselwhite, was able to sell some of her artwork and make a little money for...

Greenidge Generation Holdings – a crypto mining firm in Dresden, New York – says it’s going to invest approximately $264 million to establish a new data center in Spartanburg County in the state of South Carolina. The new center is slated to bring around 40 new jobs to the region. Greenidge Is Heading to S.C. Governor Henry McMaster stated in a recent interview: South Carolina is transforming into a hub for tech-focused companies, and we welcome Greenidge Generation to...

MicroStrategy – the software giant that has made a name for itself purchasing bitcoin over the last year and a half – says that despite bitcoin falling to new price lows this week, the company is going to continue its BTC buying habits and it will likely purchase even more of the world’s number one digital asset in 2022 than it did last year. MicroStrategy Is Planning to Continue Buying BTC Chief financial officer Phong Le stated in an interview: Our strategy with...

The prices of the world’s major cryptocurrencies – including bitcoin and Ethereum – have crashed this week. Bitcoin, for example, has fallen below $33,000 per unit, while Ethereum is down to about $2,300. At the center of all this is a new executive order that Joe Biden is set to issue. The order will ask the Fed and other financial agencies in the U.S. to look at cryptocurrency and determine the risks and opportunities that come with the space. The U.S. Is Looking to Implement New Crypto...

Bitcoin cash price started a fresh decline from the $380 resistance against the US Dollar. The price is now trading below the $300 zone and the 55 simple moving average (4-hours). There is a key rising channel forming with support near $270 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is a break below the $250 support zone. Bitcoin cash price is showing bearish signs below $300 against the US Dollar,...

Another cryptocurrency data mining center has joined the digital craze. Known as Litchain Corp., the company was founded by Tony Tate – who is also the CEO – and is slated to create as many as 300 new jobs that pay a minimum of $60,000 per year. Litchain Corp. Is Ready for Business The mining center was established in an old warehouse owned by Gaffney Public Works. Based in South Carolina, Litchain is entering an arena that has stirred some heavy controversy in recent...

Hackers have learned to manipulate smart contracts so they can engage in what are known as crypto “rug pulls” and make off with heavy profits. Rug Pulls Are Becoming Too Common According to a recent document published by blockchain analysis firm Chainalysis, rug pulls were the most common cyberattack to occur in the crypto space throughout 2021. Rug pulls are when new coins or tokens are established very quickly. The developers ultimately do all they can to bring...

The price of bitcoin has plummeted to a new low. At the time of writing, the world’s number one digital currency by market cap has fallen into the low $33,000 range, losing more than $5,000 from where it was last weekend. While there are many analysts and industry heads out there that are very concerned about the state of the crypto market, some – like Nayib Bukele, the president of El Salvador – are using the dip to their advantage and have bought up more BTC and grown...