With a 24-hour low of $53,611, the price of Bitcoin saw a pullback after its $61K high recently. Alongside a dip in prices, bearish sentiments often make an appearance. One such perspective on the crypto asset is Agustín Carstens’, who is the General Manager of Bank for International Settlements (BIS). In an interview with CNBCContinue reading “Why Bitcoin doesn’t pose a challenge to ‘sovereign currencies’”

It is often perceived that crypto trading and investing are more popular among millennials. To add to this, a top regulator in UK published new research to better understand such investors. Calling crypto trading “high-risk investments,” Financial Conduct Authority (FCA) found that its consumers are “younger” and a “more diverse group. ”  This survey statedContinue reading “‘Young’ traders are investing in Bitcoin for the ‘thrill’, and FCA is worried”

NFTs have become the rage not only among digital artists but billionaire enthusiasts alike, resulting in token sales that run into millions. Only last month, musician Grimes sold her artwork for a cool $6 million, while Hollywood actress Lindsay Lohan, rapper Ja Rule, and even Mark Cuban cashed in on their NFTs. Ethereum’s Vitalik ButerinContinue reading “Ethereum’s Vitalik on NFT sales: Little social value in helping Elon Musk earn yet another $1 M”

With Facebook working on its digital currency project Diem, formerly known as Libra, the idea of a private entity issuing currency did not please many financial regulators. Most of them believed that the private stablecoin could be a threat to financial markets and fiat. Recently, Brad Smith, serving as President of Microsoft, sided with regulatorsContinue reading “Microsoft President on digital currencies: We’re not a bank and we don’t want to become a bank”

Canada-based mining company Hut 8 is now mining operations with Foundry USA Pool, a subsidiary that is wholly owned by Digital Currency Group (DCG). The mining company said it added a portion of its total fleet, close to 14,400 Bitcoin mining equipment, and more than 0.81 exahashes to Foundry USA Pool.  Hut 8 may evenContinue reading “Bitcoin miner Hut 8 to join Foundry USA Pool, DCG’s subsidiary”

Lately, the Bitcoin market appears to be taking two steps forward only to move a step back. For instance, on 13 March, the price of Bitcoin reached an all-time high of $61,711.87, and instead of consolidating at the $60,000 mark, the asset continued to dip. In the past 24 hours, the price of BTC wentContinue reading “What to expect from this later-stage bull market of Bitcoin?”

A surge in participation in decentralized finance and decentralized exchanges has increased competition among projects especially to improve liquidity offerings. Uniswap Labs released an overview of the upcoming Uniswap Protocol v3. According to a release shared with AMBCrypto, this new feature aims to “increase capital efficiency and trade execution quality.” The new protocol is scheduledContinue reading “Uniswap V3 to launch on Ethereum mainnet by May”

Television personality and host of ‘Mad Money’ on CNBC, Jim Cramer, proposed a thesis that predicts a new kind of economic “boom” in the second half of this year. This economic expansion will be “better” than that of the period between 1946 and 1953 and will be similar to the financial markets of the 1990s. Continue reading “‘If my boom thesis is true, you are crazy not to have Bitcoin’”

With a 24-hour high of $29.79, LPT made news as the asset recorded a 1,000% surge in price recently. Interestingly, the hike occurred soon after Grayscale Investments launched five new trusts among which, Livepeer LPT was one of them. Following Grayscale’s decision to include LPT in its product offering, the token rallied by roughly 500%Continue reading “Is the ‘Grayscale effect’ in play for Livepeer [LPT]?”

Speaking at a recent Periscope Livestream, CEO of IOHK, Charles Hoskinson addressed “a huge amount of intellectual dishonesty,” that stems from ‘Ethereum maximalists’ on social media apps. Criticizing the network, Hoskinson said that Cardano was much ahead of Ethereum, despite claims from “other actors” in the crypto space “about the nature of DApps on Cardano.Continue reading “Charles Hoskinson calls out Ethereum supporters; addresses criticisms about Cardano”

Famous author Jordan Belfort or the “real” ‘Wolf of Wall Street’ had been a Bitcoin critic since the 2017 bull run only to have changed his mind now. According to Belfort, who is also a motivational speaker, the digital asset has the potential to hike by $100,000 in price.  In 2017, the author forecasted thatContinue reading “‘Wolf of Wall Street’ says Bitcoin can surge to $100,000”

Alongside Ripple execs, many investors have not shied away from supporting XRP. Recently, XRP petitioners even claimed that due to the lawsuit against Ripple, former Commissioner Jay Clayton “knowingly and intentionally” caused “multi-billion-dollar” losses to XRP investors. They hoped to amend the SEC’s complaint about the status of XRP.    Regulators stated the investors cannot proveContinue reading “Why ‘Relist’ XRP campaign is gaining momentum?”