Macro factors have been pressing hard on cryptocurrency assets’ ability to perform. Thus, leading to a cascading effect on their prices. For instance, the second-largest cryptocurrency Ether fell almost 5% over the past week and slid down the $3,000 mark. The asset has lost almost 40% of its value since reaching an all-time high inContinue reading “Analysts predict this for Ethereum as demand drops significantly”

The Bitcoin network made headlines this week after its hash rate managed to reach a new all-time high of 248.11 million terahashes per second. However, a slight drop was noticed on 14 February. Even so, there was strong support for a continued trend towards accelerated security on the network. A deeper look at the contributingContinue reading “A different kind of ATH for Bitcoin and why it might matter”

Bitcoin‘s price appreciation went for a toss earlier today when the top cryptocurrency hit a weekly low of $41,700. While most of this volatility can be attributed to new inflation-related comments by the Federal Reserve, some are fearing that resistance may be stronger this time around. However, top investment management firm Fidelity has continued toContinue reading “‘Bitcoin has both, Ethereum doesn’t have the other’ and that’s why…”

As the United Kingdom breaks away from the rest of the European Union, one Member of Parliament believes it could foster the growth of the country’s cryptocurrency industry while also making it more inclusive. In an interview with The Express, British MP Matt Hancock argued blockchain technology could aid innovation in the UK, which wouldContinue reading “MP Matt Hancock believes United Kingdom ‘should be the home to cryptocurrencies’”

The adoption of the cryptocurrency industry has accelerated. It is flooding into the mainstream and several American politicians seem to be jumping onto the trend. In a bid to position his state as a blockchain innovation hub, a Tennessee lawmaker has proposed multiple bills that could allow the states’ jurisdictions to invest in the assetContinue reading “Tennessee lawmaker moves House to allow state to invest in crypto, blockchain, NFTs”

The relationship between the media and cryptocurrencies is fast evolving. Especially since it is one of the main channels through which much of the adoption has been facilitated. In fact, analysts in the past have even noted price hikes to sustained media hype, especially with meme cryptocurrencies like Dogecoin and Shiba Inu, prompting many countriesContinue reading “The $200m Binance-Forbes deal backfires over ‘conflict of interest’ concerns”

Financial services giant JP Morgan Chase has once again upped its long-term price prediction for Bitcoin, even as its analysts don’t view short-term fundamentals to be working in its favor. In a recent investor note, the bank’s analysts estimated Bitcoin’s “fair-value” to currently be $38,000, which is almost 12% lesser than its current market priceContinue reading “Bitcoin: JP Morgan readjusts long-term target to $150k, but ‘fair-value’ is set at..”

2021 was a highlight year for the cryptocurrency industry, with rapid growth noted not just in the asset market, but also in the infrastructure surrounding it. Big 4 accounting firm KPMG, which itself revealed holding Bitcoin and Ethereum on its Canada arm’s balance sheet earlier, has now highlighted in a report that investments in theContinue reading “KPMG recognizes Germany, Portugal and this city-state as crypto-hotspots”

The Irish Central Bank has made some glaring statements regarding cryptocurrency investments in a report published on Tuesday, that could potentially effect the way retail investors engage with the industry. Cryptos barred for retail players In its annual Securities Markets Risk Outlook Report, the bank stated that it was “highly unlikely” to allow retail playersContinue reading “Speculative, risky: Irish Central Bank bars retail funds from investing in cryptos”

After months of speculation and opposing debates, Russia has surprised the cryptocurrency industry by agreeing to recognize Bitcoin as currency. This comes after the Russian government and central bank came to a consensus on the regulation of cryptocurrencies, Kommersant reported on Tuesday. ‘Analogue of currencies’ The government and central bank of Russia will now workContinue reading “Russia: Govt, top bank see cryptos as ‘analogue of currencies’; release draft bill soon”

The United States Government now controls one of the wealthiest Bitcoin wallets, as the Department of Justice seized $3.6 billion in stolen cryptocurrency from the 2016 hack of crypto exchange Bitfinex. Two individuals were also arrested on Tuesday and charged with conspiring to launder money in connection to the hack worth $4.5 billion. According toContinue reading “2016 Bitfinex hack: U.S arrests accused couple, seizes stolen Bitcoins worth $3.6B”

Going mainstream is not always the best outcome for assets, and cryptocurrencies have lent proof to the same. While a rise in adoption had definitely brought legitimacy and capital to the market, it has also made it susceptible to macroeconomic changes. Crypto is stocking up This has been highlighted in the rising correlation between cryptocurrencyContinue reading “These factors are causing a rise in BTC, ETH’s correlation with the stock market”