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Along with bitcoin, the largest altcoin ether (ETH) also suffers losses this week. The coin on the night of Thursday, May 20, fell in price to $ 2,571. ETH was last traded at this level on April 22 of this year. Cryptocurrency capitalization decreased over the day by almost 25% to $ 295.867...
The report of the investment bank JP Morgan says that the fall in the value of bitcoin was the result, among other things, of the transition of some large investors to gold. Today the cryptocurrency is trading at $ 38,900. The day before, the bitcoin rate fell below $ 31,000. Support returned on...
Formula 1 racing champion Honda has partnered with blockchain platform Tezos to launch a line of collectible non-fungible tokens (NFT). As part of the agreement, Red Bull Racing will release the first-ever NFT collection on the Tezos blockchain. Team Leader Christian Horner noted that the platform...
The Munich prosecutor's office is investigating a possible connection between the Lithuanian fintech company Finolita and the theft of more than € 100 million from the Wirecard payment service a few weeks before its collapse. According to the investigation, more than a third of the missing money...
The lawyers of the Russian Alexander Vinnik demanded to consider the issue of his return to Greece. At a hearing in the Paris Court of Appeal, the lawyer Zoya Constantinople, defending Vinnik, pointed out the illegality of his transfer from Greece to France and declared a violation of human rights....
Cryptocurrency mining is a highly technical and expensive venture. Over the years, the process has become more difficult with the need to own ASICs which consume a significant amount of power and require a lot of computational capacity. As a result, not many can afford to mine cryptocurrencies...
The founder of the OneCoin cryptocurrency pyramid, Ruja Ignatova, did not respond to the lawsuit related to the alleged $ 4 billion fraud. Ignatova, her company OneCoin and banker Gilbert Arment "did not provide an answer or otherwise did not respond to the claim," the documents say....
$ALM Pool Opens on Thursday, May 20th, 2 PM UTC Layer 2 solutions undoubtedly have helped make cryptocurrencies much more accessible to the average user while AMMs has made it users much more accessible to projects. With DeFi and NFTs also finding more use cases, one project, Alium Finance aims to...
A petroleum dollar backed by the US military threatens the environment more than mining the first cryptocurrency. This was announced by Alex Gladstein, Strategy Director of the Human Rights Foundation, and David Energy co-founder James McGinnis, on the Unchained podcast. According to Forbes, in...
According to the former head of the BitMex exchange Arthur Hayes, ether (ETH) may in the future become the largest digital currency. So far, however, the probability of such a scenario is only 30%. The odds are slim, but they continue to grow, Hayes wrote on the BitMex blog. The gigantic potential...
Black Eyed Peas band member Allen Pineda Lindo, under the pseudonym Apl.de.Ap, has announced the release of four non-fungible tokens (NFT) on the Portion marketplace. Each NFT is a unique video clip with unreleased music from Apl.de.Ap. Artists Tom Coben and AJ Dimarucot helped the musician to...
Blockchain-powered travel solutions provider, Travel Coin, continues to stand out in the industry by leveraging the ever-growing technology. The blockchain technology has evolved over the years, with several businesses across different in-dustries adopting the concept to enhance their operations...
The introduction of central bank digital currencies (CBDCs) will create benefits but may disrupt the financial system. Such conclusions are contained in the report of the rating agency Fitch. Among the advantages of CBDC, analysts named digitalization of operations, financial inclusion, increased...
Miami-based luxury yacht rental company Prime Experiences has added the ability to pay for services in BTC. With the introduction of the new function, the firm plans to generate a profit of $ 6.5 million for the year. The expected figure is twice the previous one. “Many doors have opened with...
For most SkyBridge Capital clients, Dogecoin is not up to scale, but it can be a competitive store of value. This opinion was expressed by the founder of the asset management company Anthony Scaramucci. “Maybe it will be silver to bitcoin gold. This is happening right now. Either it will work or...
According to DoubleLine CEO Jeffrey Gundlach, Bitcoin is a common speculative instrument. It is used by a certain group of investors who siphon money out of most traders. In this regard, we see a lot of similarities with a regular casino, the billionaire said in an interview with Yahoo Finance....
Tesla and SpaceX founder Elon Musk listed what needs to be improved in Dogecoin for the meme cryptocurrency to surpass Bitcoin and become the world's money. And again everything is taking place on Twitter. Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then...
The largest altcoin ether (ETH) retreats at the end of the week amid profit taking by large traders. The ETH rate on Sunday, May 16, fell to $ 3800, the cryptocurrency capitalization fell to $ 439.933 billion. For the first time since the end of March, the broadcast ends the week with a pullback,...
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