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…
Read More
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…
Read More
Many laugh at the saying and some even claim it doesn’t exist, but at times like these, it’s hard to disagree that in some way or another, there is an ‘alt season’ in crypto. The term was coined to describe an event that occurs every few years when altcoins (everything other than Bitcoin) shoot up in value. It’s of particular…
Read More
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…
Read More
While the rest of the cryptocurrency market struggles to recover from the recent crash that wiped 25% off Bitcoin’s value, a lesser-known small cap coin has defied the bear market. Founded by Ethereum co-founder Gavin Wood in 2016 and launched last year, Polkadot (DOT) has seen exceptional gains this year, rising from around $5.00 in late December 2020 to its…
Read More
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…
Read More
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.…
Read More
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…
Read More
You may have noticed a lot of chatter lately about the SPARK (FLR) airdrop for XRP holders, but what is it exactly? As most of you will already know, an airdrop is a method of distributing a cryptocurrency token in the early stages of launch as a way to get users on board. Unlike most traditional proof-of-work (PoW) projects that…
Read More
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…
Read More