Post series of bank collapses and liquidity issues in March, the price of Bitcoin and gold skyrocketed. While both are used to avoid traditional financial institutions, the market was not too startled by the price changes. There are several issues that are currently plaguing the cryptocurrency market and the US
Texas, the leading Bitcoin mining capital of the world, is just a phase away from passing the most significant anti-Bitcoin mining bill. On Tuesday, the State Committee in Austin approved the bill with zero opposition votes, moving it to the “uncontested” list. Currently, it is in the queue in the
Paxful, the world’s largest peer-to-peer crypto exchange platform, announced on its official website that the company was going to suspend its marketplace. Ray Youssef, the founder and CEO of Paxful, stated that the decision was made because of key staff members leaving the company as well as the regularity problem
Investors are still hopeful for a positive outlook in the cryptocurrency market during April, despite March being a bullish month for most cryptocurrencies. There is speculation that the market could reach new all-time highs in the coming weeks. The crypto market is gaining popularity and momentum, and historical trends indicate
The first altcoin, Ethereum (ETH), continued to surge in price over the past week. The trading price of ETH has increased by 3.75% in the last 24 hours. Moreover, it reached an eight-month high on Tuesday. At the same time, the global market cap also surged over 1.49% in the
Bitcoin (BTC), the world’s leading cryptocurrency, has seen a significant rebound from its recent lows, surging back to the $28,000 mark after hitting support levels. The cryptocurrency had sharply declined in the past few weeks, leading many to believe that the much-anticipated bull run might be over. However, the recent
The monthly close of Bitcoin in March has painted a bullish picture, indicating a strong potential for the cryptocurrency to continue its upward momentum. This is an especially encouraging sign as the month also saw a significant increase in volatility. Above all the prices dropping as low as $50,000 before
There was a tremendous upheaval in the technology industry in the United States in 2023, with over 60,000 people losing their employment in layoffs in only the month of January. Google, Microsoft, Amazon, and Salesforce, all major heavyweights in the tech industry, have announced large-scale layoffs for 2023. Last month,
The amount of Ordinals inscribed on the Bitcoin network has reached a new daily all-time high (ATH), due to the blockchain’s token standard, which just recently introduced. On April 3, Bitcoin Ordinals reached 759,285 inscriptions. As its launch in January, ordinals, a protocol that allows content like text and art to
The popular cryptocurrency company LunarCrush has announced plans to send a “treasure” to the moon. In this case, the prize will be the private key to a cryptocurrency wallet containing precisely 62 Bitcoins, or almost $1.7 million at the current exchange rate. The spaceship will have the secret code engraved
