Filtering the best news around the crypto market.
Ohio has launched itself headlong into reducing Bitcoin’s carbon footprint after signing a five-year deal with Bitcoin mining company Standard Power to provide a nuclear-powered mining centre.
The five cryptocurrencies in the decentralized finance (DeFi) sector have interesting developments lined up for the month of July, which could also have a positive effect on their price.
The world of cryptocurrency changed with Shiba Inu. Now among the top 30 or so cryptocurrencies in the world, its staying power is a testament to the might of memes, the contagious nature of investor groupthink and the cuteness of fluffy dogs.
Major Cryptocurrencies were trading mixed on Monday. The crypto market has turned volatile recently, but logged some gains over the weekend. Six out of top-10 digital tokens were trading lower at 9.30 hours IST, gaining as much as 6 per cent.
A daily round-up of the most interesting articles on cryptocurrencies like BItcoin, Ethereum and Tether to help jump-start the day.
"Apple didn't attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps. We need to do the same in crypto."
Investing in cryptocurrencies is a highly risky affair and should not be done without first analysing your risk profile and the government’s regulations
Dogecoin spinoff Shiba Inu spiked to its highest price in six weeks after Elon Musk tweeted about what he would name his dog. Tesla´s CEO posted to his 57 million followers saying, "My Shiba Inu will be named Floki."
The price of Bitcoin dropped below $30,000 for the first time since January. While Elon Musk's tweets are one of the reasons for this, another major reason is China's massive crackdown on the digital coin and cryptocurrencies in general.
China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places such as Texas or Kazakhstan.
Wall Street giant Citigroup has officially launched a new business unit dedicated to the cryptocurrency and blockchain space, according to a memo obtained by The Block. The Digital Assets Group will act within its wealth management division.
The move paves the way for Coinbase to begin offering five major cryptocurrencies including bitcoin and ether.
Ethereum is the second-largest cryptocurrency by volume and the world’s most-used blockchain, but its many uses can create a much larger learning curve for new investors than Bitcoin.
The negative environmental impact of cryptocurrencies such as Bitcoin has been widely covered in the press in recent weeks and months, and their volatility has also been flagged as a cause for concern. Nevertheless, the UN believes that blockchain, the technology lying behind these online currencies, could be of great benefit to those fighting the climate crisis, and help bring about a more sustainable global economy.
D¥NS will be linked to ultra-premium property assets acquired by Dynasty in major centres around the world. By linking D¥NS with real estate, we want to bring more solidity and credibility to the market, stated Dynasty's co-founder and CEO, Eduardo Carvalho.
A deal between the asset manager and the crypto custodian is close to being finalized, sources tell CoinDesk.
The decentralized exchange has been at the center of the yearlong DeFi explosion.
Senator Rob Portman said lawmakers were "still pulling in information" on crypto to formulate the bill, implying he announced it to the public prematurely.