Since Bitcoin’s creation, close to 2,000 more cryptocurrencies have hit the market. Cryptocurrencies, or cryptos, are digital forms of money. Many people prefer cryptocurrencies over fiat currency, U.S. dollars, the Chinese yuan, etc., because it’s decentralized. It’s also immutable, meaning nobody can change or mutate cryptos. Bitcoin is the most popular cryptocurrency. Other cryptocurrencies, like Ethereum and Dogecoin, are gaining…
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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…
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When it comes to discussing cryptocurrencies, many investors, regardless of their experience levels, ask about the most effective ways of acquiring the best from BTC in 2021. Investors from all across the globe are acquainted with the volatility of Bitcoin price. However, they have noticed this cryptocurrency to be in a different scenario in 2020, which has made them keener…
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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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Over the past few months, we have seen several countries enter the Bitcoin era in their own way. While we are not yet at a point where countries buy Bitcoin with their treasure reserves, we do see many nations allocating part of their energy reserves to Bitcoin mining. A noteworthy mention comes from Iran which had to power up the…
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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…
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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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Cryptocurrency has been a firm fixture in the minds – and portfolios – of many for around a decade now. Whether it’s a big name like Bitcoin or a lesser known coin like Litecoin, crypto is available left, right and centre. But if there’s one thing that might best be described as an essential part of the crypto landscape, its…
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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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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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