News

Bitcoin investors and traders woke up to a nice Christmas present with the most famous cryptocurrency hitting a two-week high. After a tedious couple of weeks, Bitcoin managed to push past the highly significant $50,000 mark, selling for about $51,144 at its 18-hour peak according to Bitcoin World Capital. Bitcoin had a very rough last […]

A lot of people labeled cryptocurrency as the savior that will put an end to centralized banking and its limitations. Not being tied to a government or central bank, it was deemed to be free from human bias and unequal distribution. However, a research conducted by the National Bureau of Economic Research brings to light […]

Apparently, it is not just those who are lucky crypto investors that are getting rich. Hackers have carted away several millions worth of crypto assets in the past year by infiltrating into the security systems of crypto exchange facilities that emerged during the bitcoin boom. This year alone, an estimate of over 20 hacks have […]

At the moment, bitcoin’s future seems to be anyone’s guess. The slump of the coin has entered a fifth consecutive week, should investors be worried? A senior professor of international trade policy (Cornell University) Eswar Prasad, said in a report earlier this month that bitcoin may not last much longer. Experts crypto-traders who use trading […]

Generally, the Crypto market is red! The market capitalization fell marginally by 5.24% over the last 48 hours to bring its standings to $2.13 trillion. Bitcoin, which trades at $48,041.50 currently (a decline of 0.69% today) saw an increase in its market dominance by 0.50 percent over the last two days. It now stands at […]

The report “Global Crypto Regulations Should Be Comprehensive, Consistent and Coordinated” by the International Monetary Fund (IMF) stated that a few emerging markets and third world economies —where a lot of people are learning how to trade cryptocurrency— face stern risks of currency substitution by crypto assets. In the report, the IMF restated its commitment […]

Bitcoin went downhill for the first time in about five trading sessions, with losses on the rise after it failed to maintain the positive energy seen following this previous weekend’s flash crash. The frontrunner of the crypto market slipped below the $50,000 level, bringing about severe losses in the New York trading. Bitcoin slumped by […]

A sharp retrace was observed on Thursday after the news of omicron led to sell-offs in the previous session. Cyclical names recovered from their recent losses.  Leading the pack is the Dow Jones Industrial Average that gained 617.75 points to 34,639.7. It was helped by a 7.5% uptick in Boeing’s stock. The S&P 500 saw […]

According to news gathered by a crypto news site—Reuters, Bitcoin has tumbled about 9%, dragging other smaller tokens along with it. This was due to the announcement from health professionals, saying a potential vaccine-resistant variant of coronavirus has been discovered. The news led to panic among investors, causing them to dump riskier assets for those […]