Cryptocurrency

Blockchain technology unlocks the impossible, and if you thought you had seen it all, you are in for new surprises. It’s the NFT industry this time around. Not like NFTs are a new concept. Non-Fungible tokens were around as early as 2014, but the industry hadn’t explored until recently.  2021 seems to be the most gifting year for the industry, although some experts believe it’s just a bubble that will soon pop out of favor. In any case, they are…

The crypto has shaken investors around the world crashes in recent days. However,  not Vitalik Buterin — although many of his fortunes have been wiped from the meltdown. Actually, in an exclusive CNN Business interview Tuesday morning, the 27-year-old co-creator of ethereum said he believed cryptocurrencies were in a bubble. He emphasized, however, that "the popping of bubbles is notoriously difficult to predict." Ethereum Went Down Just Like the Others Ethereum plunged below $1900 – an astonishing decrease from Tuesday…

The Treasury Department has made it official that any cryptocurrency transfer worth $10,000 or more will be reported to the Internal Revenue Service.  The step marks the first of many in the crackdown on cryptocurrency markets and transactions. The Treasury Department said that cryptocurrency already presents a significant detection issue by enabling criminal activity in broadest measure, including tax evasion. U.S. Treasury's Crypto Clampdown Bitcoin has always struggled to marginalize official bodies. Janet Yellen, known for her crypto skepticism, and…

Bitcoin price is currently well over $50k with an outstanding 66% market dominance making it the highest-valued cryptocurrency. The crypto developed in 2009 has seen its high prices realized through the end of 2020 and the first quarter of 2021. The records show an all-time high price of $61.55k, and future predictions lean on its price increasing to $100k. Certainly, the BTC rally doesn't seem to have run out, regardless of the 600% price surge since its launch.  Despite recent…

Fourteen years ago, the cost of bitcoin was 6 cents. This year it recorded an all-time high of 60k. Considering the current Bitcoin mainstream adoption, what is the fate of Bitcoin ten years from now? Contrary, there are also competitive coins such as Ether (ETH) with more prominent communities. As mentioned above, the price of Bitcoin has inflated in the past ten years. So what does inflation mean? Contrary to the crypto-space definition, the fiat world defines inflation as a…

ETH and other top cryptocurrencies have suffered heavy losses over the past few days following Elon Musk's decision to suspend customers' use of bitcoin to purchase Tesla automobiles.  Ether is trading just above $3,500 as of this article's writing, marking a significant decline from its recent lifetime high of $4,362 seen earlier this month.  The crypto tracking website CoinMarketCap shows that the ETH price is down over 10% in the weekly chart. However, according to John Kramer, crypto investors have…

According to Tehran Times, Iran Energy Ministry spokesman Mostafa Rajabi stated that cryptocurrency miners using household electricity in Iran would face a "heavy fine." Besides the "heavy fine," those captured by the government will also pay for the harm to the electricity supply in the country. Crypto mining is one of Iran's two most significant electricity threats this year. As has reduced the power produced by hydropower plants due to lack of rain, Rajabi added. In light of these questions,…

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 $2,375 trillion. Bitcoin calls it even with a measly 0.4% loss in value over the week. Ethereum is up by 28% after setting yet a new ATH. XRP is down by almost 7% after a rough week. Binance Coin increased by more than 5% throughout the week. The DeFi sector added more than $16billion…

A Californian court has granted the regulator leave to seek transactional information from crypto exchange Kraken in a significant victory for the IRS over tax cheats. "John Doe" Summons The decision by the  U.S District Court for the Northern District of California paves the way for the IRS to issue Kraken a "John Doe" summon on its investors' information. A John Doe summons does not name them, owing to the anonymity of parties under investigation. While issuing the summons, the…