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If you are a crypto enthusiast then you know it was a crazy week in the markets!! Let's check out the highlights: Bitcoin hit a new all-time high, Ether follows First Bitcoin ETF trades near $1B on its first day Grayscale to "force the SEC's hand" with its Bitcoin ETF application Bitcoin hit a new all-time high, Ether follows The price of the largest cryptocurrency by market cap is skyrocketing.…
As cryptocurrency gains more widespread adoption and popularity, crypto mining companies are coming under the spotlight. Instead of buying Bitcoin or Ethereum, crypto traders and investors are buying crypto mining stocks in order to gain "crypto exposure". These crypto mining stocks are attractive to the more risk averse trader as they tend to experience lesser market volatility than the underlying coins. How are these companies making money? Like any other…
Last week Bitcoin become a $1T asset class and the price of the leading cryptocurrency is still growing aiming to break its record of $64 400. But what about the other digital assets? Let's dive in and take a look. Ether aims to hit the $4000 barrier Three months ago the second largest cryptocurrency by market cap was selling for $2000 after reaching its record high of $4350 in May.…
Solana is a project that advertises itself as the world's fastest blockchain, one that could potentially process millions of transactions per second. Solana's sol tokens have experienced some very impressive gains at times, skyrocketing in 2021, for example. While the project seems to hold great promise, it has encountered some technical difficulties. For example, the Solana network went down in September 2021 when it became overwhelmed with transactions. What Is…
2021 has become a pivotal year for Cryptocurrency as every single day major companies around the globe are increasing their crypto assets or investing heavily in the next unicorn. Here on our weekly update, we keep you updated on the most essential topics from last week. The crypto market is mooning! During last week the crypto market saw an amazing surge with the total market cap reaching $2.32T. Bitcoin saw…
Ethereum "London upgrade" is rolling out today - what can go wrong? Today is a historic moment for the crypto community because one of the long-awaited updates in Etherium is on its way. In the last few days, Ethereum price surged above $2700 - the main reason - "London upgrade". What is the "London upgrade"? The "London upgrade" will integrate 5 protocols that are expected to improve the Ethereum network.…
While Bitcoin was the first digital currency to scale—it's also the largest cryptocurrency by market value at the time of this writing—it is not the only big name in the marketplace. Investors have taken a keen interest in digital assets for their ability to provide diversification and compelling returns, but they can benefit from knowing that there are alternatives to Bitcoin. Ripple (XRP), for example, is a cryptocurrency that has…
Bitcoin (BTC) has come up under scrutiny this week after its price dropped well below $40k, a far cry from the highs of around $64k seen only a month ago. The sharp volatility is the primary factor feeding its critics as several events have contributed to what is yet another sudden price correction and significant drop: Elon Musk tweets On May 12, Tesla CEO Elon Musk said the electric car…
Developers and industry participants have produced a multitude of digital currencies since Bitcoin became the first digital currency to scale, meaning that it attained widespread adoption. These innovative currencies have been created to fulfill a wide range of objectives, ranging from creating a global payment system to serving as the "gas" needed to fuel a platform from decentralized apps (DApps). Monero, one of the more prominent digital currencies, has generated…
Since the 2009 launch of Bitcoin (BTC), cryptocurrencies have been controversial financial instruments. From industry-leaders such as BTC and Ethereum (ETH), to newer coins like Polkadot (DOT) and Tron (TRX), the role of virtual money in finance is a hotly debated topic. Amid the dramatic early-2021 spike in crypto values, talk of mainstream financial adoption reached a fevered-pitch. Throughout the late-2020/early-2021 runup in prices, Dogecoin (DOGE) established itself as a…
Since their inception, the role of cryptocurrencies in global finance has been a hotly-debated issue. Advocates and detractors have often clashed on the definition, value and regulation of virtual money. Despite the controversy, the onset of the 2020 coronavirus (COVID-19) pandemic gave many cryptos reputations as being viable stores of wealth and modes of transaction. During this uncertain period, Ethereum (ETH) and Bitcoin (BTC) led the mainstream adoption of digital…
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