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Cardano (ADA) Ranks as Number 1 Most Popular Coin for February

gold cardano coin

The cryptocurrency ranking platform CryptoRank has revealed Cardano (ADA) as the most popular coin in February. The coin, which has recently become the third-highest valued crypto by market cap, was even more popular than Bitcoin (BTC) throughout last month. In third place was Binance Coin (BNB), which saw massive gains of 444% in February, and in fourth place Dogecoin, which…

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Binance Coin (BNB) Doubles as Bitcoin (BTC) Cracks a Trillion

Bitcoin (BTC) has cracked the one trillion dollar market cap level as the price surged above $55,000 per coin this weekend. Since breaking above $540 billion at the beginning of the year, the Bitcoin market has attracted a further $530 billion in capital – almost doubling in value just this year alone. The gains mean the price of each Bitcoin…

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Doge Coin (DOGE) Hits New Highs from Retail Investor Squeeze

Doge

Jackson Palmer’s meme-based cryptocurrency DogeCoin (DOGE), which he created as a joke, has surged by over 800 percent following a short squeeze enacted by a group of retail investors known as Wall Street Bets (WSB). Last week, the rouge group of investors gained notoriety when they collectively short squeezed failing GameStop (GME) stock by 500 percent, liquidating billions of dollars…

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Crypto Market Records Biggest Losses in Almost a Year, Down $170 Billion

Financial bear market falling concept

What goes up, must come down. After a months-long parabolic rally that catapulted the cryptocurrency market past the $1 trillion valuation point, things seem to be taking a turn. Over the past 24-hours, the crypto market has suffered over $170 billion in losses, falling to $946 billion and losing its trillion-dollar crown. Crypto’s leading asset, Bitcoin (BTC), recently turned 12…

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Ethereum (ETH) Moving Close to 100% Addresses in Profit

A recent report from blockchain metrics and data tracker Glassnode reveals that 90% of all Ethereum addresses are now in profit. Not since January 2018 have so many Ethereum holders been in profit, as the cryptocurrency catapulted through the $700 resistance level. The growth has resulted in many questioning whether Ethereum may present the best risk/reward crypto going into 2021.…

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Coinbase CEO Brian Armstrong Announces Challenge to New FinCEN Regulation

smartphone coinbase

The US Treasury Secretary Steven Mnuchin recently announced the proposal of new rules to regulate the use of non-custodial cryptocurrency wallets.  The new rules would require that anybody sending more than $3,000 in crypto must provide their identity and the identity of the recipient. Additionally, wallet providers must report any transaction exceeding $10,000 to the necessary regulators. Such rules already…

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New Blockchain-based Music Rights App Utopia Open Platform (UOP) Launches with December IEO Planned

blockchain banking concept

The open standards project Utopia Genesis Foundation is planning the December launch of a blockchain platform that will allow musicians to sell their own music while maintaining rights and gathering data. The foundation was formed with the aim to provide an open and standardized process for the music industry to track, process and tokenize rights. As of today, the Utopia…

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