The crypto market has witnessed lots of ups and downs in recent days. The U.S. Securities and Exchange Commission chairman, Gary Gensler, refused to answer the questions about whether Ethereum (ETH) should be considered a security or not. This leaves the crypto industry in an uncertain position about the future
While the price of Bitcoin fell for three days in a row last week, some “whales” who had been sitting on large sums of the cryptocurrency activated their inactive wallets. The asset’s price usually rises in tandem with this pattern. However, this might also be seen as large traders seeking
Since breaking above $30,000 earlier this month for the first time since June 2022, Bitcoin (BTC) has lost momentum and reached a nearly four-week low. On Monday, the largest cryptocurrency showed little change after dropping as much as 1.9% to $26,989. Also, the price of Bitcoin fell below $27,000 for
Because of its positive effects on the economy and the environment, Bitcoin mining has gained a supporter at the World Economic Forum (WEF). After formerly criticizing cryptocurrency for its excessive energy usage, the WEF has begun to endorse some parts of the cryptocurrency market and mining in recent years. The
The largest cryptocurrency in the world by market capitalization, Bitcoin (BTC), is having an unpleasant weekend after losing its key support level at $28,000. This has left exchange-traded fund investors uncertain about what will happen to Bitcoin after its dominant performance in 2023. At the time of writing, the BTC
While the government deals with the multi-billion dollar corruption investigation, crypto miners and exchanges in Venezuela will stay closed. While investigating a big corruption scam that might have syphoned off $20 billion, Venezuelan officials allegedly encouraged local Bitcoin miners to temporarily suspend operations. It is suspected that members of President
As the crypto market continues to evolve, investors and traders are constantly seeking to identify new coins to invest in. Memecoins, in particular, has gained significant attention in recent times. These memecoins dominated the crypto market. So what can expected for the upcoming week? Will it continue to dominate the
BitPay, a leading provider of cryptocurrency payment services, has announced a new offering that allows customers to buy gold from reputable dealers using Bitcoin (BTC) and other cryptocurrencies. This move aims to provide customers with an alternative way to hedge against volatility, diversify their portfolio, or simply own precious metals.
Today, while the global crypto market leaders Bitcoin (BTC) and Ethereum (ETH) were declining, the one-week-old frog-themed memecoin Pepe (PEPE) surged more than 41% in the last 24 hours. In comparison to BTC and ETH, Pepe coin is up 38% and 36%, respectively. Also, PEPE is the “talk of the
On this Earth Day, let’s look at some of the green cryptocurrencies in the market. The general accusation made against cryptocurrency and its backend technology is high energy consumption. Reports in the past few years have stated that US mining firms consume more electricity than any third-world country. Proof-of-Work (PoW)
