News

On-chain statistics represent a new methodology designed to gain more insight into the crypto market. However, as a new industry, the blockchain sector initially faced an apparent lack of data, with consequent difficulties in realising accurate analyses. Finally, we are entering a more mature market phase after several years. For example, one prominent crypto community member has recently pointed out that Bitcoin (BTC) prices appear to be pushed more and more by retail investors. This article will sum up the…

Solana led other significant cryptos in recovery after a powerful endorsement from a central U.S. investment bank. Its price rose over 7% in the last 24 hours. For comparison, Bitcoin, Ethereum and BNB rose less than 1% in the same period. Solana’s strong performance resulted from a powerful endorsement by a major player. Specifically, Bank of America covered Solana in a research note to its clients. The investment bank said Solana could become the "Visa of digital asset ecosystem" and…

After inspiring El Salvador’s government to adopt a Bitcoin standard, Strike is expanding its operations to another central American country. Yesterday, CEO Jack Mallers announced Strike’s launch in Argentina and were set to act as a cost-effective remittance service using Bitcoin. However, it would seem that in-wallet assets are stored in neither dollars nor BTC, using Tether instead. Strike’s Significance In Argentina Mallers revealed his company’s expansion in a tweet on Tuesday, alongside a thread explaining its significance. “Today, we…

With discussions for a US-based CBDC underway, forces are already acting to ensure it doesn’t mimic China’s digital yuan. For example, Tom Emmer – a Republican House member – recently introduced a bill preventing the Fed from issuing a CBDC directly to individuals. Stepping Away From Authoritarianism Emmer announced the bill in a tweet on Wednesday, attached to a thread explaining its purpose. He insisted that a United States CBDC must ensure financial privacy, cultivate innovation, and maintain the dollar’s…

Bitcoin recovered slightly over the last 24 hours, hovering above the $42,000 mark. Crypto market cap edged back above $2 trillion on BTC recovery. The largest crypto rose 1.5% in the last 24 hours. Moreover, altcoins posted even more significant gains. The most prominent innovative contract network crypto Ethereum rose by 4% to $3,250. On the other hand, the Binance coin rose by 3% to $465, and Solana rose by almost 5% to $143. Cardano, Avalanche and Polkadot posted even…

On Monday, Dallas Mavericks owner Mark Cuban and prominent Bitcoiner Preston Pysh were at it again over Twitter. Amid their argument, Cuban asserted that Bitcoin was not and would never be an inflation hedge. Instead, like his Shark Tank co-star Kevin O’Leary, Cuban is primarily interested in a range of other altcoins, including Doge. The Argument The spat began with Cuban wishing that spambots advertising various crypto projects on Twitter would disappear. But, unfortunately, such spam is rampant in crypto…

Perhaps unsurprisingly, the traditional finance world doesn’t appear nearly as bullish on Bitcoin as the crypto community. According to a poll from JP Morgan, only 5% of their clients envision the asset reaching $100 000 by the end of the year. That said, most expect it to recover from its current slump and grow at least 50% within 12 months. Wall Street’s Bitcoin Bets As reported by BNN Bloomberg, JP Morgan’s survey results show a healthy mix of bears and…

Small crypto startups are being duped for hundreds of thousands of dollars worth of Bitcoin by figures posing as VCs. Victims reportedly include RematicEGC (RMTX), Taboo token (TABOO), and InstantXRP (INSTANT XRP) – all of which recently suffered massive price dumps. Rematic Gets Robbed Mike Pazuki – CEO of RMTX – recently spoke with CryptoAdventure to share details regarding the scam. He recalled being contacted by two individuals through LinkedIn that claimed to be investors. They both expressed initial interest…

Paying no mind to the crypto market’s bearish slump, the sports world is doubling down on its faith in digital, sound money. Klay Thompson and Andre Iguodala – players for the Golden State Warriors – are the latest athletes to accept a Bitcoin salary. Coincidentally, the NFL’s Saquon Barkley released a Twitter thread the following day explaining what Bitcoin means to athletes like themselves. The Future of Money Iguodala announced his new Bitcoin salary on Sunday, as part of a…