Coin Week

  • bitcoinBitcoin$22,071.00-5.60%
  • ethereumEthereum$1,755.07-4.74%
  • binancecoinBNB$282.81-7.86%
  • rippleXRP$0.347127-7.17%
  • SolanaSolana$36.39-11.00%
  • dogecoinDogecoin$0.070161-13.54%

Markets

Terra Buys $200 Million Worth of $AVAX to Boost UST Stablecoin Reserve

Photo: Unsplash.com Terra developer Terraform Labs and the Luna Foundation Guard (LFG) have bought a total of $200 million worth of Avalanche ($AVAX) to boost the reserves of UST stablecoin by Terra.  As per the Terraform Labs’ official announcement, it exchanged $100 million worth of its own token LUNA for AVAX to “strategically align ecosystem …

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Many experts believe cryptocurrency will be the best alternative for people of color

People of Color Found Leaning Towards Cryptocurrency as an Alternative to Traditional Banks

Despite the volatility of the cryptocurrency market, many enthusiasts (especially Black people) believe it can become an alternative financial system. History has shown that people of color are always under-banked and discriminated against by traditional financial institutions. Research from the Federal Deposit Insurance Corporation supports this argument by reporting that low-income Black and Hispanic families …

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ETH co-founder shares impact of crypto market crash

Vitalik Buterin, Ethereum Co-Founder, and Other Billionaires Weigh in On Impact of the Crypto Market Crash

Photo: Financial Express The crypto market crashing plunged many crypto assets, including Bitcoin and Ethereum. While crashes are typical, the most recent one saw billionaires lose their wealthy status, including Ethereum co-founder Vitalik Buterin, who took to social media to announce his loss. Buterin posted on Twitter on May 20 that he was no longer …

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3 Cryptos to Look into After Their March Upswing

Photo: Unsplash.com Following months of volatility, crypto prices have finally shown indications of leveling and even recovery.  According to InvestorPlace.com, the global cryptocurrency market cap exceeded $3 trillion in November 2021. However, by January 2022, it made a downturn to $1.5 trillion. Currently, the market cap stands at around $2.1 trillion.  On the other hand, …

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Rouble Hits High Levels Against Euro, With EU Getting Ready to Pay for Gas

Photo: Reuters On Friday, the Russian rouble rebounded to its surging levels against the euro and dollar since June 2015 and March 2018, which analysts say is due to EU nations getting ready to pay Russia for gas and capital retaliations implemented by Moscow.  According to Russia on Thursday, half of the gas behemoth Gazprom’s …

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Third Wealthiest Mexican Says Bond Is Terrible, While Bitcoin Is a Yes

Photo: News BTC The third wealthiest man in Mexico, Ricardo Salinas Pliego, has been making headlines for his outlook on bitcoin. The businessman is looking for supermarket chain Elektra to be the first-ever to take bitcoin as payment in the future.  He has also been supporting the idea of digital asset investments over traditional ones. …

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IoTeX Shows Dubai Its Magnificent Service and Members

Photo: Crypto Daily Crypto and blockchain enthusiasts have finally met in person in Dubai after years of lockdowns for weeks of events. IoTeX members were there for several days of comprehensive speaking, meeting, networking, and exhibiting this MachineFi-focused and its visions.  Several of those IoTeX associates saw each other for the first time – physically.  …

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How This Simple Passive Income Strategy Pays For Our Entire Ranch Every Month Like Clockwork (And How You Can Do This As Well)

by Wes Bewley In the months and years ahead, it will become more and more important to secure passive investment incomes from multiple sources. No one can predict what will happen to stock and asset prices in the near or far future. We’re already starting to see inflation hit in the U.S., so everyone should …

How This Simple Passive Income Strategy Pays For Our Entire Ranch Every Month Like Clockwork (And How You Can Do This As Well) Read More »

Altcoins Underperform as Bitcoin Price Falls below $48,000

Source: Investment U The recent declines across cryptocurrencies have made some analysts express their concerns about near-term price direction ahead of the U.S. Federal Reserve Open Market Committee (FOMC) meeting. Market participants expect the central bank to hasten the speed at which people acquire assets, which could make some investors reduce their exposure to speculative …

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Dogecoin Gains 25% After Elon Musk Confirms Tesla Will Accept DOGE for Merchandise

Photo by Executium on Unsplash The cryptocurrency market experienced a roller-coaster week, with many coins recording gains or losses. This past Monday, one of the more notable performances was provided by DOGE/USD, which rose 25% over its prior valuation to become one of the only major cryptocurrencies that delivered positive returns on Thursday afternoon during …

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Avalanche, Cosmos Lose in the Cryptocurrency Market as Altcoins’ Down Spiral Continues

Source: Crypto Pro The crypto markets were in a bloodbath on Tuesday as macroeconomic factors, and technical signs played a major role in how things turned out. The Algorand, Avalanche, and Cosmos tokens were among the biggest losers in the hit on the crypto market. This came in the wake of some Asian stocks that …

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Ethereum 2.0 Impedes the Onset of “Difficulty Bomb”

Photo by Executium on Unsplash The Ethereum network implemented a major upgrade on Dec. 9 called Arrow Glacier which delays the launch of a feigned “difficulty bomb” and will impede further mining of its Ether (ETH) cryptocurrency for six months.  Tim Beiko, coordinator of Ethereum’s protocol developers, said that “after the transition, the ‘bomb’ will …

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Bitcoin’s Latest Price Reflects 2017 Pre-Breakout Market, Says Analysts

Photo by Maxim Hopman on Unsplash The Bitcoin price is dipping again. Analysts say that the current market structure of a large selling pressure mirrors early bull-market days right when BTC was at its height in 2017. The crypto markets tanked again on December 9th, but most analysts agree that the price of Bitcoin (BTC) …

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Bitcoin and Ether ETN Enlisted by Nasdaq Stockholm

Photo: Nasdaq As 2022 approaches, Europe crypto-based exchange-traded products keep inflating. On the Swedish trading platform, twenty-one shares have been recorded in its first two physically-backed exchange trade notes (ETN) announced Tuesday by stock exchange giant Nasdaq Stockholm.  Bitcoin (BTC) and Ether (ETH) both the most popular cryptocurrencies in existence today, have been adding to …

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$52K: Bitcoin Price Aim

Photo: CNBC The price of Bitcoin continues its steady climb as the Wall Street open approaches, buoyed by punters who are still betting on another dip. Bitcoin (BTC) aimed to break $51,600 resistance throughout December 7 as BTC secured in line with a rebound in equities.  “The trend is still up” for Bitcoin The largest …

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