Cryptocurrencies

Cryptocurrencies are still wildly volatile. There’s probably no industry as risky as the crypto space. It’s over a decade now, and still, cryptocurrency investors warn that people should only invest what they are ready to lose. However, it’s, on the other hand, one of the most lucrative, and this brings sense to the concept of high risks promising more significant returns. The industry is currently on fire over two sets of crypto projects; NFTs and the Shiba dog-inspired coins. Well,…

There has been a lot of talk concerning the reliability of the CoinMarketCap platform, all pointing out its data vulnerabilities. According to various articles, the crypto website reports on fake volumes, comprising the top 25 exchanges among the 560 listed ones. More than 75% of these exchanges expose similar data vulnerabilities that make it hard to trust the platform. Also, Forbes analyzes major research reports that conclude fake crypto trading volume of about 65% to 95%. Regarding the concerns raised…

One year into the pandemic, the crypto market appears to have boomed. When the pandemic occurred, Bitcoin – the world's first cryptocurrency – could be bought for about $7,300. A couple of days back, the token cost over 55 000 dollars, a 653% increase, with similar surges in other leading cryptocurrencies (e.g., Ether).  During the pandemic, many things came together that helped Bitcoin and cryptocurrencies, in general, out quite a bit. First, the stock market volatility drove many people to buy…

As an investor, many benefits are enjoyed following the lead of successful experts from all over the globe. Trading platforms have made it easier with features like the best Trading tool to track top investor moves. Based on this understanding, social trading is an improved way of modern trading that offers instant and constant access to a vast pool of information.  Other users can share their trading strategies, and newbies can benefit from this since they can place trades without…

The crypto market bull run has led to an increased institutional interest in crypto-assets. However, a recent survey from American bank JPMorgan reveals that the current surge from institutions is not as widespread as initially thought.   78% of Institutions have no interest in cryptocurrencies  US news outlet business insider revealed this development in a report on Wednesday. According to the report, JPMorgan surveyed more than 3,4000 investors representing over 1,500 institutions globally.   The report discovered that 89% of respondents revealed that their…

 Blockchain sports platform Chiliz has revealed that it will invest $50 million as part of its expansion plans to the United States. This development represents a significant step for Chiliz as it looks to maintain its growing dominance in the sports-based NFT market.  Major expansion  Chiliz revealed this latest development today in a press release on Us news outlet, Reuters. The blockchain firm will also be opening an office in New York to expand in the U.S. Chiliz also stated that it…

The recent trend of big-money traders and institutions investing billions in cryptocurrencies has led to a sudden spike in their values. However, the mounting interest in crypto has sparked a major correction to take the steam off the hot market, with investors currently scrambling to close or top up their positions. According to David Lifchitz, CIO for trading firm ExoAlpha, the entire crypto space was likely to face intense turmoil due to the overheated market conditions. That retracement came on…

Bitcoin Billionaire Chamath Palihapitiya has revealed that NFT's (Non-Fungible Tokens) is the next frontier for cryptocurrencies. NFT's wave has been building for a while, and it appears to have a supporter in the Palihapitiya.  Next Frontier Of Cryptocurrencies  Chamath Palihapitiya made his opinion known in an interview with Bloomberg on Friday. The well known Bitcoin advocate was asked to reveal which other coin he holds apart from BTC.  Surprisingly, Palihapitiya revealed that he is building a sizable portfolio of non-fungible…

The rise of Bitcoin and cryptocurrencies in the past decade has revolutionized the finance sector. However, key regulators continue to doubt the long-lasting effects of cryptocurrencies in mainstream finance. This opinion is reiterated by the Bank of England Governor Andrew Bailey. Cryptocurrency Models Cannot Stand the Test of Time Bailey made these statements at the Davos Agenda, a summit for top financial stakeholders sponsored by the World Economic Forum. The bank chief stated that he does not believe that cryptocurrencies'…