Robinhood is currently struggling in slowing down a massive reduction in the value of its shares. The value is decreasing continuously and has dropped by 70% lower than its all-time high value recorded in August 2021. Robinhood was originally formed as a financial service provider company. However, it also initiated trading services for the general…
A high ranking official of the Bank of America, Haim Isreal, has opined that the metaverse holds massive opportunities for the broader adoption of the digital asset sector. Haim made his opinion during a recent interview with a popular crypto-related podcast. Vast Potential In The Metaverse Haim further said that the metaverse would be the…
Crypto adoption has been prevalent all over the world and more countries have been proactively thinking about it. While there are plenty of reasons for adopting crypto, one of the biggest ones is the tremendous returns that it offers. Believe it or not, very few countries were open to adopting crypto trading initially. As time…
In the words of crypto proponent Mike Novogratz, the crypto market can be slowed down in the current Fed Chairman, Jerome Powell’s tenure with the Fed is extended for another term. While criticizing his re-nomination, the billionaire Novogratz commented that if Power becomes Chairman for the second time then he would rather act as the…
A crypto donation platform by the name of Engiven has helped in facilitating donations to the Salvation Army as well as others. The platform said that it is expecting non-profit organizations and religious groups to see significant donations in crypto on Giving Tuesday. The United States celebrates the Tuesday that comes after Thanksgiving as one…
American online retailer, Newegg, is the newest company supporting SHIB payments. The Shiba Inu token has been receiving support recently from various industries in various forms. Two days ago, the Kraken exchange announced the listing of SHIB on its exchange platform. Per an official announcement, Newegg will start supporting SHIB payments beginning this month. Newegg…
Prominent crypto exchange Crypto.com has announced a new partnership with Silvergate to expand banking-crypto solutions. Crypto.com revealed on Tuesday that its new partnership with the California state-chartered Bank is to allow institutional investors buy and sell crypto from the exchange using USD. According to Crypto.com and Silvergate, bank transfers are now available for institutional clients…
A New South Wales senator in Australia, Andrew James Bragg, recently admitted that the enthusiasts of crypto across the nation are becoming eager to acquire regulations regarding their operations in Australia. He stated that that, according to his perception, the country will develop transparent crypto regulations during the coming 12 months. Mounting demand for crypto…
Amid regulatory concerns and the controversial news of Dogecoin wallet mishap, an anonymous whale trader moved a large number of coins to the popular centralized exchange Binance. While many traders decide to store their coins in cold or hot wallets, an XRP whale decided otherwise to move a massive volume amounting to 40 Million. Analyzing…
Chairman of the North American BTC mining council, Micheal Saylor, has weighed in on the precept that gold is money. Schiff Agrees With Saylor Saylor made his opinion via a Twitter thread. In his tweet, Saylor opined that the concept of gold as money doesn’t have any basis as salesmen told this lie to attract…
The departure of Bitcoin miners from China to Kazakhstan has added to the nation’s energy shortage, which the nation’s leader has recommended be alleviated through the use of nuclear energy sources. According to Kazakhstan’s Ministry of Energy, Bitcoin miners will be responsible for an 8% rise in residential electricity use from now until the end…
As the world prepares for the next level of internet experience driven by the Web 3.0 revolution, the biggest names in the digital technology space are positioning themselves to become leaders when the revolution begins. KuCoin Labs, owners of one of the biggest cryptocurrency exchanges in the world, has announced that it will invest $100…
The cryptocurrency market has gradually become a force not to be ignored in the financial markets today. From a little-known industry just over a decade ago, the crypto world has now grown in leaps and bounds to become the fastest growing market in the world. The recent explosive bullish runs that some of the coins…
A leading funds investment company, VanEck, will finally have a BTC-based ETF that will be traded upon. A CBOE statement confirmed that investors can begin to trade VanEck’s BTC futures ETF from Tuesday and will be given the XBTF ticker. Other BTC-based ETFs Before VanEck’s BTC ETF, two other BTC futures ETFs were approved by…
Bakkt Holdings (a virtual asset marketplace) declared the accomplishment of its union with VPC Impact Acquisition Holdings (a special target acquisition firm). In a 15th October issued press release, Bakkt mentioned that the collective firm, which currently functions under the name “Bakkt Holdings Inc.”, will start its trading through the NYSE (New York Stock Exchange)…
Solana crushed a new milestone on Tuesday as it continues its amazing performance in the market that has seen it become one of the most valuable blockchains in the industry. Solana’s native token, ADA, has reached new all-time high prices, just a little over a full week after setting a previous all-time high record. The…
The President of El Salvador, Nayib Bukele, has been facing negative comments in all directions until recently. The main reason for this heavy backlash is his Bitcoin nationalization policies. According to many people, his new idea has taken away the freedom of choice from the people that are the main objective and feature of decentralized…
The cryptocurrency market in Russia has experienced tremendous growth despite the deficiency in cryptocurrency regulations. This view was expressed by a major industry executive as the Russian crypto market is currently worth hundreds of billions of dollars. Sergei Khitrov Discusses Crypto Regulations in Russia Sergei Khitrov, founder of Blockchain Life and Listing.Help, was a keynote…
Central Retail Corp is a major retail firm in Thailand and has recently announced that it is testing a virtual currency among its employees. When this trial phase ends, the retail firm is planning to expand the scope of the digital currency to include its customers and the public. This was reported by Bloomberg on…
The Bitcoin price has managed to reach the $67K level for the first time in the last 5 months. Many Bitcoin maximalists and cryptocurrency enthusiasts are certain that the flagship cryptocurrency will be able to hit the highly anticipated six-figure valuation before the end of the current year. However, many critics think that the cryptocurrency…