The cryptocurrency sector continues to struggle this week in face of tightening regulations and knock-on effects from the wider stock market. Following last week’s warning from the US Securities and Exchange Commission (SEC) to major crypto exchange Coinbase, the market suffered a blow that took almost 20 percent off the price of Bitcoin (BTC). The warning, known as a Wells…
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The world of crypto investments just grew bigger with the NFT boom that occurred in 2021. NFTs are selling like hot cakes right now, with the exception that they cost millions. Some of them, like artist Beeple’s collection of 5,000 artworks, sold for nearly $7 million, so it’s safe to say that there’s been a crypto NFT boom. And that’s…
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Anyone that has been involved with the crypto industry for longer than a few years knows that Bitcoin dies more often than Kenny from South Park. Seldom does a month go by without a traditional investor, banker, or gold bug predicting Bitcoin’s imminent demise. Even after a dozen years of skeptics and critics getting it wrong, some naive commentators still…
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VISA has further cemented its support for the growing blockchain and digital currency market with the purchase of a CryptoPunk NFT. The card payments giant has long been indirectly involved in the cryptocurrency market through the launch of several crypto debit cards but this is the first time the company has shown such direct support. In a blog post entitled…
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The world’s leading cryptocurrency exchange, Binance, has announced mandatory KYC procedures for all services. Know-Your-Customer (KYC) is a standard tool used by institutions to track financial transactions around the world. It involves the verification of a customer’s identity before they can make any deposits, withdrawals, or transfers of funds. Due to growing concerns amongst regulators around the world that cryptocurrency…
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Following the successful implementation of its most recent hard fork upgrade, dubbed “London”, the price of Ethereum (ETH) has skyrocketed. The second-most valuable cryptocurrency after Bitcoin (BTC), Ethereum is now solidly on route to migrating to a fully Proof-of-Stake (PoS) blockchain. The London hard fork went live on 4 August 2021, featuring five Ethereum Improvement Proposal (EIPs) including the highly…
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As Bitcoin recovered above $40k this week, a new wave of optimism appears to have entered the market. Weeks of red candles and lower lows have threatened the conviction of even the most dedicated BTC bulls but now we may be seeing light at the end of the tunnel. One analyst who has faced considerable critiscm lately is Twitter’s Plan…
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Bison Trails, a blockchain infrastructure platform-as-a-service (PaaS) company, has launched a new ‘query and transact’ service for Solana (SOL) developers. The Solana blockchain, touted as a potential challenger to Ethereum (ETH), already has 250 projects being built on it since its launch in March last year. The platform provides a way to build decentralized applications (dApps) in a way that…
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Another day, another dollar… or $12 million of them! That’s right, somebody paid $12 million for a diamond at yesterday’s Sotheby’s Auction, which wouldn’t usually be very newsworthy except that they paid for it in cryptocurrency. The event marks the first time that Sotheby’s has accepted cryptocurrency for the sale of a physical item (they have sold NFT’s before), and…
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A new startup boasting backing by major digital exchange Coinbase hopes to distribute cryptocurrency to people around the world in a very unconventional way – by scanning their eyeballs. Worldcoin (not to be confused with existing crypto project worldcoin.global) has developed a spherical device that can uniquely identify a person by scanning their iris. The device can then send cryptocurrency…
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