ISM Data Release The crypto market is trending upward today and in accordance with the forecasts of market participants that inflation will be brought down. The economies of Bitcoin, Ethereum, Solana, etc. along with the economies of altcoins are currently moving up. The boost came soon after the release of data by the Institute for…
In the year 2021, the crypto industry saw several BTC blocks eventually being spent after lying idle for over a decade. This meant that the whales holding onto the BTC tokens for a while had finally made their move. Similarly, a year before 2021, several Bitcoin whales were sighted spending Bitcoins from the blocks minted…
Macroeconomic Conditions Haunting Effects on Bitcoin Market Uncontrollable macroeconomic conditions have already caused havoc in crypto markets, particularly in the Bitcoin market. Thereafter, the unfortunate collapse of crypto industry giants such as Terra Luna and FTX also severely impacted Bitcoin’s price progression. The impacts coming from these overpowering circumstances have reduced BTC value by 60%…
Even though crypto market conditions continue to be depressing and discouraging, a few anticipations are there. The Crypto market is known for being extremely volatile which goes either way i.e. astonishing or awful. It is hence difficult to forecast astonishing or awful results in a particular crypto market. Currently, investors have moved on to formulate…
The year 2023 is proving to be quite promising for those who were concerned about the future of the meme coins as the year 2022 came to a close. This is because the year-to-date (YTD) performances of the meme coins have proven to be quite promising. The trading prices of the major meme coins have…
Bitcoin since Inception till To Date The departing year may not be so great considering the 13-year-long journey of Bitcoin to date. Currently, there are no signs of Santa Rally appearing prior to year-end. Despite the fact that even in the past year Santa Rally did not happen, however, 2021 was the best year Bitcoin…
Hasty Decisions Decisions taken in haste may bear fruit temporarily but in the long run, they have consequences. This is exactly the situation with which a lot of Bitcoin miners are struggling today. 2021 was undoubtedly the best year not for Bitcoin alone but for the entire crypto economy. The Crypto economy was thriving and…
Excavation of Over 50K BTC Blocks As of 22nd December 2022, approximately 53,240 blocks pertaining to Bitcoin were excavated by BTC miners since 1st January 2022. These 53K plus blocks of Bitcoins were shared between a total of 23 leading Bitcoin miners. The excavators of Bitcoins need to be appreciated because right now Bitcoin mining…
Ever since the beginning of the last week, the trading price of Ripple (XRP) had been moving in the upward direction. The trend continued moving in favor of the bulls and things were moving toward recovery. The rally continued until December 27 and by that time, the price of the asset had surged by 6%….
MicroStrategy, a major business intelligence and software analytics company recently found itself making it to the crypto headlines. It happened after it was revealed that the company carried out another purchase of Bitcoin (BTC). It could be a surprise for the crypto community but for it is nothing more than a common investment for the…
On Thursday, Kevin O’Leary had his Twitter account hacked, which was then used for promoting a giveaway scam involving Bitcoin and Ethereum. The scammers invited everyone to participate and said that Mr. Wonderful was giving away 15,000 ETH tokens and 5,000 bitcoins. Fake giveaway Shark Tank star, Kevin O’Leary found his official Twitter account compromised…
According to the Securities and Exchange Commission (SEC) in the US, $200 million out of the billions of dollars that vanished from the customer funds of the FTX exchange were used for making investments in two companies. The agency has charged the FTX co-founder, Sam Bankman-Fried, with operating a scheme aimed at defrauding equity investors….
The year 2022 has witnessed a major and severe downturn for the entire cryptocurrency industry. If you are thinking Bitcoin or Ether was able to make it through the hard times then you are mistaken. When we say the entire cryptocurrency industry, it means the entire cryptocurrency. This is because people lost their trust in…
A fresh study, on ‘Decentralized Finance (DeFi)’, has been compiled by Hashkey Capital and published as part of its annual report. The study reveals astonishing findings which suggest that as compared to conventional finance, DeFi is more accessible. Most importantly, the study notes that DeFi is better than traditional finance for so many reasons. For…