Financial Industry News
Europe’s country Kosovo bans cryptocurrency and Bitcoin mining due to spiking energy prices and blackouts. Amid the crack-down against Bitcoin mining, miners within the country have started selling off their mining equipment. The country uses low-quality coal harvested in large quantities in Kosovo called “Lignite” to fuel over 90% of its local energy. In doing […]
Continue ReadingNon-fungible tokens, NFTs, continue to make waves within the crypto ecosystem as an excellent means for profitability. As a result, many new and recent collections are rising as headlines through their massive accumulation of funds. One of the trendy NFTs is Ghozali’s from an Indonesian youth who has sold over 1,000 selfies as NFTs on […]
Continue ReadingThe internet is filled with Bitcoin (BTC) price forecasts. For example, some analysts believe that the flagship crypto will hit $1 million per coin in the next 10 years, while others think BTC price will eventually drop to zero. Without dwelling on predictions that are five or more years ahead of us, let us focus […]
Continue ReadingThe ongoing drama between two projects built on the Cardano (ADA) blockchain escalated across multiple social media platforms Monday, much to the dismay of the ADA community. The issues began in April when accelerator program CardStarter announced it would launch its own decentralized exchange or DEX. Shortly thereafter, its founders incentivized investors to provide liquidity for […]
Continue ReadingBitcoin has had a rollercoaster of a month in January. The digital asset which enjoyed much success in 2021 has walked into 2022 with bloody feet. Since then, it has managed to crumble more than 50% of its $69K all-time high. As nerves run high, investors scramble to make sense of when the onslaught will […]
Continue ReadingEthereum has been the leading blockchain in the smart contracts space since it first became prominent. It has maintained this title through the decentralized finance (DeFi) and non-fungible tokens (NFTs) boom. However, there have been fast competitors that have popped up with the advent of both these new spaces which continue to battle ethereum for […]
Continue ReadingThe crypto market has seen sustained bloodshed in the past week, as Bitcoin and other cryptocurrencies drop into 2021 lows. The sector seems correlated with the U.S. Stock Market which has also been trending to the downside as investors prepared for a potential hike in interest rates. Related Reading | Russia’s Central Bank to Ban […]
Continue ReadingThe pain trade has been an unwelcome sight across the cryptocurrency market since the start of 2022 and over the past 24 days Bitcoin (BTC) and the altcoin prices have drifted, leading some analysts to suggest that a bear market is at hand. Despite traders’ concern that another extended crypto winter could be starting, it […]
Continue ReadingGlobal credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their production of power. In a Monday notice, Fitch Ratings said that only utilities in states like Washington, which have excess generation capacity, may be capable of meeting the power requirements of […]
Continue ReadingRussia, one of the world’s most crypto influential nations, announced its intentions to regulate these digital currencies. The Russian Central Bank recently proposed a ban on crypto mining and trading within its borders. Citing threats that could affect financial stability and citizens’ wellbeing. The global cryptocurrency craze has gone too far. Governments are getting scared […]
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