Tue, May 27

Cryptocurrency Price is Driven by Multiple Factors Including Supply and Demand

When people become aware of a project or its benefits, demand rises. A growth in crypto adoption as an investment likewise raises demand. As with any other product, the value of a cryptocurrency is determined by supply and demand. The price rises as demand outpace supply.  Each cryptocurrency project exposes

March 27, 2022 2 mins read

Rio De Janeiro to Accept Tax Payment in Crypto From 2023

NFT-based governance rules will be implemented throughout various sectors. Binance CEO Changpeng Zhao has announced plans to create a new regional office. Taxes on urban real estate inside the municipal borders of Rio de Janeiro, Brazil, will now be accepted in Bitcoin (BTC). Chicao Bulhoes, the secretary of economic development,

March 27, 2022 1 min read

BTC Is Again Into Bullish Run: Whales Shifts $44 Million Worth Of BTC

The crypto market is currently experiencing a bullish rally after a long-term bear market. Since the updates from Terra’s purchase of BTCs, it is believed that it supported the bull market. Following the purchase and other updates, the Bitcoin’s price action displays the greenish pattern while other altcoins follow the

March 26, 2022 2 mins read

Top 3 Achievers This Week Based on Social Media Engagement by LunarCrush

As per the listing by LunarCrush, ETH ranks second by social engagement. ApeCoin seemed to be on the verge of a breakout. Let us take a look at the top 3 achievers this week based on social media engagement by LunarCrush. 🏆 This week's top performers by social engagement:$btc #bitcoin$eth

March 26, 2022 2 mins read

Dollar-Cost Averaging Into Bitcoin Going To Be Powerful Long Term Under $50K

DCA will smooth out the highs and lows of one’s portfolio. Profiting from the crypto market declines without risking too much money. An argument may be made for and against using a DCA approach; however, the advantages often exceed the disadvantages. For example, the dollar-cost averaging strategy may be used

March 26, 2022 2 mins read

Energy Giant ExxonMobil Enters Crypto Mining Utilizing Surplus Natural Gas

The corporation is now exploring extending its pilot program to four nations. ExxonMobil and Crusoe Energy had signed a contract to utilize excess gas. Energy Company ExxonMobil is apparently launching a test program in the United States to use the energy from surplus gas to power crypto mining equipment. In

March 26, 2022 2 mins read

Hard Cap of 21 Million to Play Crucial Role in Bitcoin (BTC) Prices

At the time of Bitcoin’s creation, Satoshi Nakamoto placed a minimal quantity of Bitcoins in existence. As a result, only 21 million bitcoins will ever be created. Nodes on the Bitcoin network enforce the hard cap, which is a limit embedded in the protocol’s source code. Bitcoin’s hard limit is

March 25, 2022 2 mins read

Indian MP Pinaki Misra Criticized Indian Government on Crypto Approach

Shaktikanta Das, the RBI governor, was the focus of MP Misra’s attack. Pinaki Misra criticized the government’s current position on digital assets. It’s no secret that the Indian government has been wary about cryptocurrencies‘ potential impact. Even Pinaki Misra, a country lawmaker, says that the government has created uncertainty surrounding

March 25, 2022 1 min read

Bitcoin Mining Thrives Back Despite Ban Citing Environmental Concerns

Bitcoin miners made $36.5 million a day in the preceding week. The average block output per hour has grown by 2.725. Miner profits are rising once again. This time around, the miners have experienced a huge increase in their mining profits in only one week. There has been an increase

March 25, 2022 1 min read

Meta (Facebook) Files for Multiple New Trademarks With USPTO

Goldman Sachs estimates that the metaverse might be worth $8 trillion.  JPMorgan and HSBC have recently entered the metaverse. This week, Meta, formerly Facebook, registered eight new trademarks for its emblem with the US Patent and Trademark Office (USPTO). According to Mike Kondoudis, a USPTO-licensed trademark attorney, the applications were

March 25, 2022 1 min read