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The Bitcoin accounts of over 100,000 traders have been liquidated after the largest cryptocurrency based on market capitalization tanked below $36,000 in the Asian early hours. This development comes just a day after the US Federal Reserve revealed in its new policy that interest rates will be increased
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Have you ever bought some cryptocurrencies, Bitcoin for instance, and then a few hours later, the price either climbs by several points or slips low by some figures? Well, it isn’t strange; it depicts volatility - how large the price of an asset can swing from the mean price.
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You probably must have heard the story of someone spending hundreds of millions for a land or luxury yacht in the metaverse. What about the report of Sina Estavi, the Iranian investor who originally bought Jack Dorsey's first tweet NFT at $2.9M, planned to sell it at
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Insider Intelligence, a research firm has predicted that the number of American adults using cryptocurrency to pay for goods and services will increase to 3.6 million in 2022. According to the published report, the uniqueness of virtual assets as a means of payment is estimated to hit 70% and
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Even though the majority of the cryptocurrency market remained bearish during the week, XRP emerged one of the top gainers. XRP had traded at a low of $0.71 at the beginning of the week before gaining as much as 9%, rallying to $0.7937 during the intraday trading. Ripple’
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There are currently fears that Bitcoin may slip below $40,000 as institutional traders, otherwise known as whales, have continued to syphon more of the coins from exchanges. At the time of writing, Bitcoin is trading at $40,468. BTC/USD 24 hour trading chart (Source: Trading view) Commenting on
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Regulatory authorities in China have issued a warning to non-fungible token (NFT) investors, alerting them of the hidden risks associated with these assets. The warning was issued by three regulators - the China Banking Association, the China Internet Finance Association and the Securities Association of China. The alert urged authorities
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After the current owner listed it for sale at $48 million last week, the Jack Dorsey non-fungible token (NFT) could possibly sell for a fraction of just 0.00058 of that amount after getting a highest bid of $277. In March 2021, Sina Estavi, an Iranian investor acquired the NFT
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Virgil Griffith, a former developer with the Ethereum Network has been handed a 63-month jail term and fined $100,000 after he helped North Koreans use cryptocurrencies to evade sanctions. The developer was arrested in November 2019 after he made a speech at a conference in Pyongyang in April of
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The Islamic Republic of Iran has walked away from cryptocurrencies and would no longer regard Bitcoin as a legal currency. Iran has always had a confusing stance about cryptocurrencies even as it has always faced sanctions from the West. Reza Bagheri, the country’s deputy Minister of Communications, who discussed
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AC Milan, an Italian professional football club, has collaborated with BitMEX cryptocurrency exchange to launch its first-ever non-fungible token (NFT). According to the club, proceeds from the NFTs will be given to the charity arm of the club - Fondazione Milan. This edition which is said to be limited will
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Coinbase, the largest cryptocurrency exchange in the United States has suspended payment services through the United Payments Interface (UPI) for Indians. This development comes three days after launching operations in the Asian country. The UPI, which processes buy orders on Coinbase’s India service, is governed by the National Payment