While the financial world is hesitant to trade Bitcoin because of the recent market crash, the Channel Islands – several small British Overseas Territories – are quietly offering tax incen...
Tag: news
Acala Network’s aUSD Depegged from Dollar Mark after Breach
Acala Network’s stablecoin was depegged from the dollar mark on Sunday following a breach. The decentralised finance hub of Polkadot on Sunday tweeted saying a vote was proposed to pause operati...
Ethereum Tests $2,000 before Retreating for the First Time since May 31
Ether rose 2% to $2,030.50, topping $2,000 for the first time since May 31, as investors fretted about its upcoming software upgrade from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanis...
DeFi Remains One of The Biggest Losers in H1
The crypto winter is almost wearing off based on several indices, and looking back to the outlook in the first half of the year. The Decentralized Finance (DeFi) ecosystem can be tagged as one industr...
Bitcoin Regains $25,000 since June, Bearish Tone Remains
The largest cryptocurrency, bitcoin, topped $25,000 on Sunday for the first time since June, with data on Bitstamp’s exchange hitting $25,050, the highest level since June 13. The benchmark cryptocurr...
DEX Platform Velodrome Accuses Coder Gabagool of Stealing $350K
Decentralized Exchange (DEX), Velodrome has come out to accuse one of its in-house developers, Gabagool, of stealing the sum of $350,000 from the platform. As revealed by the platform, there was unus...
Altcoins or Bitcoin ? What Investors and Traders Are Stacking Now ? – Coinpedia – Fintech & Cryptocurreny News Media
Altcoin traders and investors have gone through a lot of pain in 2022. Over the past 10 months, not only has the price of Bitcoin fallen drastically, but the value of the majority of altcoins has also...
Skybridge Expects Bitcoin to Reach $300K in 6 Years — ‘You Are Going to See a Lot More Commercial Activities’ – Markets and Prices Bitcoin News
Skybridge Capital is “pretty optimistic” about bitcoin and ethereum over the next 12 to 24 months. The global asset management firm’s founder explained that the world’s largest cryptocurrency could re...
Mortgage rates jump back above 5%, but it’s not all bad news for homebuyers
‘A slight breather’: Mortgage rates jump back above 5%, but it’s not all bad news for homebuyers After falling below 5% for the first time in more than four months, the interest rate...
PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit – Mining Bitcoin News
In just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereu...
Walmart, Target, Cisco, Deere, Housing Data, and Other Things for Investors to Watch This Week
Text size Earnings season continues next week in what will be an action-packed stretch for retail stocks. Walmart and Home Depot report results on Tuesday, followed by Bath & Body Works , Lowe’s, ...
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value – Bitcoin News
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) droppe...
Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes – Markets and Prices Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack Allegations – Exchanges Bitcoin News
Bluebenx, a Brazil-based cryptocurrency investment platform, suspended withdrawals last week due to an alleged hack that made the company lose more than $31 million. The company announced that the wit...
Will The Layer-2 Scaling Solutions Be Threat To Ethereum (ETH) Price Rally? – Coinpedia – Fintech & Cryptocurreny News Media
The Ethereum (ETH) blockchain’s potential effects on scaling solutions are being examined by cryptocurrency exchange Coinbase. Layer-2 scaling solutions (L2s), according to a study by Coinbase, may re...
Axie Infinity Transitions its P2E Gaming Platform to a New Game Mode
Online pay-to-earn (P2E) gaming platform Axie Infinity has announced the transition of its gaming mode from classical to a better-developed one dubbed Axie Infinity Origin. According to the blogpost s...
Time to Diversify your Cryptocurrency Portfolio: Start with Binance Coin, Supontis Token, and Polygon – Coinpedia – Fintech & Cryptocurreny News Media
You may have heard that the bear market is the best time to accumulate cryptocurrencies. This is true; more importantly, this could be a great time to diversify your cryptocurrency portfoliowhile the ...
Applied Blockchain Refinances $15M Credit Facility from a North Dakota-based Bank
U.S. bitcoin mining company Applied Blockchain, Inc has announced that it has entered into a credit agreement with a North Dakota-based bank for a $15 million loan that will expand its crypto mining o...
Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days – Markets and Prices Bitcoin News
In 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemen...
Will Bitcoin and Ethereum Price Maintain The Bullish Trend In Coming Week? – Coinpedia – Fintech & Cryptocurreny News Media
The overall crypto market cap is now maintaining its range above $1 trillion, and the majority of the cryptocurrency assets seem to be thriving. The Bitcoin price, which was earlier struggling around...
Bitcoin to Demonetize Gold – Michael Saylor Predicts the Future of Gold Investment – Coinpedia – Fintech & Cryptocurreny News Media
In an interview with Kitco, Michael Saylor, the former CEO of MicroStrategy, predicted that Bitcoin would demonetise gold. “Gold was metallic money for the 19th century,” he said while adding that gol...
Solana (SOL) Price Can Rally Nearly 60% In Coming Days – Here’s The Target Levels – Coinpedia – Fintech & Cryptocurreny News Media
Although the market capitalization of all cryptocurrencies is still bouncing around the $1 trillion level and has not yet reached its peak, there has been a general upward trend in the value of the ma...
Cryptocurrency Market Have Reached Their Bottom Says Raoul Pal – Coinpedia – Fintech & Cryptocurreny News Media
On August 14, Bitcoin (BTC) surged beyond $25,000 for the first time in months, but traders were reluctant to bet on a bull run. The pair could fall apart over the weekend and wind up owing $23,700. O...
Binance CEO’s Warning About Wazirx Wallets, Nigerian EFCC on Naira Depreciation, O’Leary Buys the Dip — Bitcoin.com News Week in Review – The Weekly Bitcoin News
Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria’s Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira’s ...
Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor – Fintech Bitcoin News
The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also rev...
Bank of Russia Aims for Full Launch of Digital Ruble in 2024 – Finance Bitcoin News
The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the 2023 – 2025 pe...
Stocks Poised to Open Lower on Monday
Stocks are poised to open lower on Monday ahead of a big week of retailer earnings. Angela Weiss/AFP via Getty Images Text size U.S. stocks are poised for a lower open on Monday as investors prepare t...