Opinion

Ever since January 2021, Elon Musk and his company Tesla have shown interest in the crypto world. For instance, Tesla purchased over $1.5 billion worth of Bitcoin when bitcoin prices were slowly surging. Elon also purchased Bitcoin for his investment use.   Tesla later introduced a payment system involving Bitcoin to pay for any purchase of their Tesla cars. The company noticed the huge prospects in Bitcoin and decided to share its benefits and its reliability.  Primarily, crypto assets have vast…

The talk has been raging on just how much energy is consumed when mining Bitcoin. The process is very energy-intensive, with cryptography being completely reliant on electricity. It has even been pointed out that the entirety of the Bitcoin mining industry consumes more electricity than the republic of Argentina. On the other hand, Tesla is another disruptive technology that is revolutionizing the automobile industry. The talk has been on how much fossil fuel emissions are saved, with their autopilot features…

Every other year, dozens of new crypto projects join the crypto space, all promising excellent and rewarding opportunities for all investors. Due to the increasing competition, advertising is always necessary for every new project to help the projects go mainstream.  Ever since the inception of crypto, the most popular method of advertising has been using digital forms. For instance, social networking platforms like Twitter, Facebook, Medium, and Telegram have proven very successful in advertising crypto projects. Therefore, at launch, most…

The evolution of cryptocurrencies has reached a tipping point in recent months. Bitcoin's market valuation has surpassed the $1 trillion mark, contributing to the broader crypto market becoming a $2 trillion asset class. According to a report by Citi analysts, crypto exchange trading volumes soared to $500 billion in the first three weeks of this year. In addition, the analysts noted that even though crypto ownership remains primarily retail, interest from institutional players is quickly increasing. Indeed, the crypto industry…

Bitcoin, Ethereum, Dogecoin, Binance Coin, Cardano, XRP, and several other top cryptocurrencies were seen struggling for most of the week. The market cap of all cryptocurrencies together had tumbled under $1.4 trillion from $1.75 trillion on Tuesday. Bitcoin, for instance, had topped the $40,000 price mark on Monday following Elon Musk's tweet on Tesla suspending vehicle purchases using Bitcoin over the weekend. However, shortly after that, it resumed its drop after Tuesday end of the day, falling back toward $30,000…

With all its problems and issues, Bitcoin has always been the de facto cryptocurrency leader. Consequently, every crypto investor or enthusiast has always seen BTC as a key investment step and the largest hope in achieving mass adoption of cryptos worldwide. However, the Bitcoin blockchain has not had any major upgrades for about 4 years since the launch of SegWit in 2017. As a result, major issues still exist in the form of security, privacy, and scalability. The taproot upgrade…

China's crackdown on cryptocurrency mining has extended to the southwest province of Sichuan, reversing its previous lenient stance on the sector amid a national crackdown against these significant power-intensive activities. As a result, the authorities ordered cryptocurrency mining projects to close in the major mining center. According to data compiled by the University of Cambridge, Sichuan is China's second-biggest bitcoin mining province. The recent development will further cut down computing power for crypto mining after third-place Inner Mongolia conducted a…

In just 2021, Venture Capital Funds have invested over $17 billion in the crypto market. Compared to all previous years combined from 2010, 2021 beats all of them by $7.4 billion. Despite the tumbles that the cryptocurrency world is going through now, this shows optimism that the price may go higher in the future. It's Not Just Venture Capital In terms of their investments in the crypto market, companies have been particularly active, according to a market data company, PitchBook.…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,414 trillion. Bitcoin is down by almost 6% after a promising but deceitful start of the week. Ethereum is down by almost 12% in the past seven days. XRP has dropped by nearly 15% over the week. Binance Coin, Polkadot, and Cardano have been bleeding heavily throughout the week. The DeFi sector lost almost…