Elon Musk has once again captured the attention of the Dogecoin community by announcing that “Dogecoin will serve as the official mascot for his proposed Department of Government Efficiency.” But what exactly does this mean? Recently, the Tesla and SpaceX CEO posted a tweet referencing a “Department of Government Efficiency,”
Spanish multinational banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has officially integrated USD Coin (USDC), the second largest stablecoin issued by Circle, into its crypto asset services for institutional and private banking clients in Switzerland. This initiative enables clients to manage their USDC holdings—exchange, custody, or automatically convert USDC into
The cryptocurrency market has been in a bearish trend for the past month, with major cryptocurrencies and altcoins hitting new lows. Last week saw significant declines, with Bitcoin falling to a one-month low of $52,500 and Ethereum to $2,150 on the same day. However, the past 24 hours have shown
The September Effect plays a vital role in the crypto market. Historically, this month has been difficult for U.S. stocks and the Bitcoin market. Over the past few weeks, BTC has defied all bullish market predictions, extending its bearish rally to date. Bitcoin touched the $64K mark in late August,
The cryptocurrency market shows attempts for price recovery as it enters September’s second week. Leading crypto asset Bitcoin recorded a modest price increase over the last 24 hours. Subsequently, other altcoins also began to show green candles, amongst which very few tokens have shown significant upward movements. Notably, Toncoin, after
On September 6, the Crypto Fear & Greed Index, which measures market sentiment, dropped to 22. Investor confidence has taken a clear nosedive, since the indicator has not hit “extreme fear” since mid-August. According to Arthur Hayes, the former CEO of BitMEX, Bitcoin may drop below $50,000. On Friday, Hayes
August output reports from Bitcoin miners showed varied results for the industry as a whole. Several businesses have taken proactive measures to streamline their processes in response to network challenges and the increased demand for power, especially in Texas, a state with a large mining industry. With the Bitcoin network’s
It has been three years since El Salvador officially recognized Bitcoin as legal money, and now the nation is commemorating the occasion with a celebration. Three years ago, on September 7, 2021, El Salvador became the first nation in the world to accept Bitcoin as legal cash. The goal was
The crypto market never fails to amaze, with new digital currencies and projects popping daily. These new players aim to attract investors by offering brand new features or addressing specific market needs. Recently, three crypto have gained significant attention within the digital currency community: Artemis Coin, Pepe Coin, and Shiba
With the Chang hard fork completed, the long-awaited Conway era has begun on Cardano. With this crucial development, the network took a giant leap towards complete decentralization. One major change is the inclusion of the CIP-1694 governance model, which gives ADA holders more say in network decisions via active voting.
