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Search Results for: Cryptocurrency

Top 5 Trending Cryptocurrencies on Twitter

Here are the top 5 trending cryptocurrencies on Twitter. Let’s check out the trending reasons now. Shiba Inu (SHIB) Over the past few weeks, Shiba Inu has witnessed a dramatic increase in the value of the Shiba Inu (SHIB) token, a digital asset. A virtual reality project called the metaverse,

March 11, 2023 2 mins read

Cathie Wood Led Ark Invest Bought Coinbase Shares Worth $20.6 Million

According to a transaction report provided to investors, prominent growth investor Cathie Wood’s Ark Invest purchased more shares of cryptocurrency exchange Coinbase (COIN) on Thursday than it had in all of January. More than 350,000 Coinbase shares were purchased in a single day by the company, making it the largest

March 10, 2023 2 mins read

Current Crypto Crash Does Not Seem To Be a Coincidence

Bitcoin (BTC) fell roughly 8% in the last 24 hours before Friday morning’s employment figures. But it has since recovered marginally, rising back to just around $20,000. A steady unemployment rate of 3.4% was predicted, but instead, the rate increased to 3.6%. Recent statistics indicate a frightening $2 trillion loss

March 10, 2023 2 mins read

How Crypto Wallets Work: 5 Important Key Things You Should Know

With the consistent argument of the need for crypto adoption, cryptocurrencies such as Bitcoin, Ethereum, and the rest have a fast-growing community. However, it is vital to note that one may not hold or store cryptocurrencies without wallets coming into the spotlight. Not considering if you are a top crypto

March 10, 2023 7 mins read

Bitcoin’s DeFi Functionality Boosted Thanks to Rootstock’s New Features and Locking Limit Removal

Rootstock improved its DeFi environment for the Bitcoin ecosystem with seven new solutions and moved closer to full decentralization. In February 2023, Rootstock integrated with seven additional protocols, providing consumers greater freedom from the limitations imposed by conventional finance. Moreover, the BTC/rBTC two-way peg’s locking cap has been taken off. As

March 10, 2023 3 mins read

BitMEX Co-founder Arthur Hayes Proposes Bitcoin-backed Stablecoin

NakaDollar (NUSD) is a proposed new stablecoin backed by bitcoin (BTC) and bitcoin derivatives. It has been suggested by Arthur Hayes, co-founder of cryptocurrency derivative trading platform BitMEX. Moreover, Hayes said in a blog post that the creation of NUSD would be different. Especially from the creation of other stablecoins.

March 10, 2023 2 mins read

CryptoGPT Launched its Native Token GPT

Today, the Ethereum-based zero-knowledge (ZK) layer-2 blockchain CryptoGPT launches its native crypto token ‘GPT.’ By debuting its own currency, CryptoGPT is seekings to capitalize on the popularity of ChatGPT and artificial intelligence (AI). However, leading cryptocurrency exchanges such as Bitfinex, PancakeSwap, Uniswap, Bybit, Bitget, and others listed the new crypto

March 10, 2023 1 min read

Vajram Exchange Chairman Confident Over Crypto Adoption in India

Vajram Exchange, a crypto exchange originating from India has made its presence at the Crypto Expo Dubai 2023. The event was one of the largest cryptocurrency summits with over 10K attendees from 30+ countries. Vajram is a product of the Vajra Group of Companies. The parent company has established itself

March 10, 2023 2 mins read

UK FCA Continues Crackdown on Illegally Operating Crypto ATMs

In conjunction with the Metropolitan Police, the largest police agency in the United Kingdom, Britain’s main financial regulator, the Financial Conduct Authority (FCA), stated on Wednesday that it has taken additional action against unlicensed crypto ATMs in East London. The FCA and the West Yorkshire Police conducted a series of

March 10, 2023 1 min read

U.S President Proposes 30% Tax on Electricity Used For Crypto Mining

U.S. President Joe Biden unveiled his proposed yearly budget recently. The president laid forth his plans for the next year. The proposal mentioned cryptocurrency mining in the context of the digital asset sector.  In particular, Biden has proposed a 30% tax on all power used to mine Bitcoin and other

March 10, 2023 1 min read