Why this ‘Biggest Bitcoin challenge’ is a bonus
Bitcoin‘s rising popularity with institutions and investment professionals such as BlackRock CEO Larry Fink and hedge fund legend Stanley Druckenmiller has helped Bitcoin stand its ground against Gold. Considering the former’s prospects as a scarce store-of-value over the latter, a war of words often emerges between gold bugs and the bitcoin community. While many Bitcoin […]
Bitcoin: What does this mean for the ‘trapped bulls’?
Bitcoin, the world’s largest cryptocurrency has been bleeding for quite a while now as bears overtook the bull. As things stand, it was trading just above the $33k mark with a correction of about 2% in the last 24 hours. BTC witnessed a major decline in its volume as well, a 44.5% plunge within the […]
Gemini buys carbon credits to offset carbon footprint of Bitcoin it holds
Gemini’s founders, Cameron and Tyler Winklevoss acquired $4-million worth of carbon credits to offset the carbon footprint of the Bitcoin it holds (around 250,843 Bitcoins) in custody. These carbon permits will prevent 341,965 metric tons of carbon from entering the atmosphere. The Winklevoss' crypto exchange buys environmental credits to offset some of the carbon used in […]
Bitcoin and Ethereum: Here’s when ‘plenty of $’ can be made
The ongoing bloodshed in the cryptocurrency market has decreased its overall market capitalization. Both the top cryptos saw a major pullback. While the largest crypto asset, Bitcoin was trading just above $32.5k, Ethereum, the largest altcoin plunged below the $2k mark. With such a bearish momentum, can one analyze price projections in the coming months […]
2 brothers just walked away with 69,000 Bitcoin! Biggest scam yet?
The cryptocurrency market has gained traction across the globe for some unique stories. From silk road to MT Gox, this sector has no shortage of unique stories. With every bull run, there seems to be an increase in scams and/or hacks. This graph mentioned in the report published by the Federal Trade Commission illustrates the […]
Analyst on Bitcoin and other cryptos: If you want to get rich, then you need…
Today, Bitcoin is becoming more mainstream with each passing day. The hype reached new heights this year after the coin gained institutional backing. However, setbacks are bound to be there with every bull run. It’s crucial to understand the market trends as well as the sentiments to avoid incurring losses. A recent study published by […]
Bitcoin’s worst-case and best-case scenarios for 2021
There’s no denying it — the cryptocurrency market is suffering. The current market downtrend has some people convinced that Bitcoin has peaked and that the sane course of action is to just cut losses and sell. Despite all the “bubble about to burst” expressions, the fact is that this has happened in the past. With […]
Bitcoin: When is ‘the best time to get rich?’
Bitcoin, the largest cryptocurrency is trending again (in traditional media) with its recent price correction in less than a week. Various reasons could be responsible for the decline in its price action. As per the recently published Consumer Price Index (CPI) report, inflation rate reached a 13-year high which was 5% higher than the same […]
Is it really ‘dangerous to give predictions on’ this Ethereum high?
Ethereum, the second-largest public cryptocurrency based on market capitalization, has shown remarkable growth over the past year. The largest altcoin has witnessed institutional as well retail interest especially considering the buzz around its much-anticipated upgrade. Pete Humiston, the current manager of Kraken Intelligence laid out a significant difference between Bitcoin and Ethereum, stating: The number […]
Dogecoin lessons? Why one shouldn’t ‘dismiss a good meme’
There are 5350 cryptocurrencies listed on Coinmarketcap. Just nine years ago, there was only Bitcoin. After Bitcoin came alts, and then ICOs. Non-fungible tokens (NFTs) and decentralized finance (DeFi) have seen a huge explosion in growth in the last year particularly. While there are so many listed on CMC, will each of these tokens survive […]
‘You’re a moron if you sell’ your Apple stocks and Bitcoin because…
Bitcoin, for a very long time, has been facing a lot of skepticism over the last decade. Ranging from its use in illegal transactions, energy concerns, price volatility, and the list goes on. Many within the industry even compared the coin to a bubble about to burst. According to a report by Crypto Parrot, a […]
XRP Lawsuit effect? ‘I hope that we can provide clarity in a few areas’
The question of Cryptocurrency regulations is now when and how. Treasury Secretary Janet Yellen and Securities and Exchange Commission Chair Gary Gensler said it’s bound to be a major undertaking. Nevertheless, there’s currently no clear framework to regulate cryptocurrencies and other digital assets in the US. While keeping in mind the said development, Hester Peirce […]
When is the right time to buy Bitcoin?
‘Resist the urge to close down positions. If you have the emotional and financial resources, go the other way’… this is a trading mantra that’s echoed on several platforms for several assets. In bitcoin, ‘HODL’ has become the go-to phrase during every bitcoin correction. The primary bull case for bitcoin is based on the virtues […]
Will Polygon still be necessary after Ethereum 2.0 is live?
The buzz around the much anticipated Ethereum update has been circulating in the crypto community for a while now. Phase 0 launched in December 2020, with Phase 1 and 1.5 scheduled for 2021. The final release and full adoption, Phase 2, will drop sometime in late 2021 or 2022. As per the 2021 awaited release, […]
Why Polkadot is useful for this conversation about Cardano
Tech advancements within the crypto ecosystem have significantly increased over the past decade. With the increasing competition, inspiration for advancements can come from the oddest places, in this case, it can even come from a coin that is deemed as competition. Such is the case here. While speaking at the Lex Fridman show, Charles Hoskinson […]
India’s CBDC plan: Here’s the how, when and why
India has had an interesting few months on the crypto front. Look at WazirX’s journey – the largest Indian crypto exchange went live just three weeks before the Reserve Bank of India issued its ban on crypto banking in 2018. Since then, WazirX went on to become the largest exchange platform for crypto traders based […]
Denmark’s Danske bank open to reviewing position on ‘partially regulated’ cryptos
While cryptocurrencies previously stood at the fringe of the payments space, 2021 saw institutional interest increase as governments and banks invested heavily in the space. The crypto-community saw a lot of institutional interest, especially about the market’s top two crypto-tokens. Banks such as Morgan Stanley, Goldman Sachs, and a few other billion-dollar valuation firms took […]
Ethereum’s London hard fork set to hit testnets on these dates
The world’s largest altcoin, Ethereum, is trending in the news today following its most recent development. As per the same, the much-anticipated London hard fork will soon be making its way to Ethereum testnets. According to a blog post released by the Ethereum Foundation, Ethereum core developer Tim Beiko has announced the set block heights […]
El Salvador’s Bitcoin adventure – Is everyone REALLY convinced?
El Salvador‘s latest quest to make Bitcoin a legal tender in the region was greeted with enthusiasm by many, especially since it was the first country to do so. The congressional hearing on the issue saw an overwhelming majority in favor of national crypto-adoption. The ruling authorities see this as an opportunity to support the […]
Goldman Sachs joins hands with Galaxy Digital to trade Bitcoin Futures
One of the largest bulge bracket banks in the world, Goldman Sachs, is in the news today after it recently joined forces to provide a helping hand to the world’s largest cryptocurrency. Institutions have had an on and off relationship with Bitcoin in the past. Consider Goldman Sachs for that matter as after having dissolved […]