Cryptocurrency

Vietnam Ministry of Finance has warned citizens against the dangers of illegal trading and investing in cryptocurrencies. This comes following the growing popularity of cryptocurrencies, particularly bitcoin in the Asian nation.  A primary concern for authorities  As per a report from local news outlet Vietnambreakingnews the Ministry of Finance put out the warning on March 2nd, the story says that the ministry is wary that cryptocurrencies are associated with high-tech crimes in the nation.  The ministry noted that crypto trading…

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 $1,332 trillion. Bitcoin decreased by more than 22% to trade below $44,000. Ethereum lost more than 31% over the week to trade at around $1,300 again. XRP lost around 25% of its value to trade around $0.41. Cardano became the 3rd-largest crypto by market cap after a 7% increase in value. The DeFi sector…

If you have a glimpse of what's happening in the crypto-verse, you must or should have noticed that the crypto world is rapidly growing, and new, better options are introduced in the markets every other day.  It started with Bitcoin as the flagship crypto; thousands of new crypto assets have joined the market since then. Believe it or not, some crypto projects have even become exceptional investment prospects. But, at the same time, not all projects are fertile to investors.…

The Austrian Financial Market Authority (FMA), an independent and autonomous body responsible for the country's financial services industry's supervision and regulation, has recently noticed an increase in the number of crypto-related frauds in the country. Crypto Scams Surges According to a recent Bloomberg report, the financial regulator stated that the number of whistle-blower reports regarding fraudulent activities in 2020 had skyrocketed. While some of these reports also involved traditional investment assets like stocks and gold, the FMA noted that most…

Bitcoin has recently received more than usual attention from several traditional financial institutions, as it has managed to set yet another all-time high, breaking the confines of $50,000. According to a report by The Telegraph on Wednesday, Tom Robinson, the co-founder of Elliptic, the world's leading cryptocurrency compliance company, said that his company had witnessed a rapidly growing interest in global banks requesting access to the compliance risk of offering bitcoin services.  A Wave Of Demand For Bitcoin He said…

The native token of blockchain project Polkadot is enjoying a bull run and recently hit an all-time high. This is after the project updated its roadmap earlier in the week in its quest towards adoption.  Polkadot DOT Breaks all-time High. Polkadot has gained momentum since the start of 2021, with its native token DOT increasing in value. DOT reached $31.89 in the early hours of today, a new all-time high for the coin.  The rise of altcoin has been remarkable since…

Trading cryptocurrencies isn't easy. It takes research, skill, and determination to turn a profit. Additionally, it helps to use an exchange that offers features and services geared toward your trading class. Experienced traders seek features that allow them to leverage their positions and increase their ROIs. Also, security is paramount when trading large amounts of crypto globally. It's no secret that major investment firms and corporations such as MycroStragety or Tesla have invested billions into Bitcoin. Now, more than ever,…

While large institutions are adding Bitcoin to their company’s balance sheet, cities are not left out. In a tweet, the Mayor of Miami, F Suarez, expressed appreciation to the Miami authorities for supporting his resolution to add Bitcoin to the city’s balance sheet. Bitcoin For Salaries and Taxes He said, “I wanna thank the city of Miami commissioners for supporting my resolution which directs the city manager after analysis to procure a vendor to be able to offer our employees…

The American multinational financial services provider, Mastercard, has recently revealed its plans to offer merchants the option of receiving payments in cryptocurrency.  The company announced that it would start supporting a few selected cryptocurrencies on its network later this year in an official blog post. However, the payment processing giant has not disclosed which cryptocurrencies it will be supporting or where it will support them. It mentioned that it would carefully evaluate the cryptocurrencies against its digital currencies principles before…