In the past year, centralized and decentralized currencies alike witnessed extensive market growth, and their popularity among the public has grown along the way. On March 9, 2022, U.S. President Joe Biden issued an executive order on cryptocurrencies, sketching an inclusive governmental approach to deal with probable risks related to the significant evolution in digital assets, emphasizing cryptocurrencies. […]
Cryptocurrency
Russia’s probable invasion of its neighboring country, Ukraine, has reached the cryptocurrency market as decentralized assets’ valuation crashed with escalated tensions, resulting in cryptocurrency investors offloading their assets to safeguard their portfolios before any risky price fall. On Friday, U.S. President Joe Biden revealed that Russia’s President Vladimir Putin decided to take control of Ukraine, […]
The cryptocurrency industry is young and constantly changing. It is a whole new front, the wild west of the internet, barely regulated and unchecked. This will not be the case forever; it hasn’t stopped the industry from reaching 2.3 trillion in overall market value as of December 2021, according to CoinGecko, as people rush to make […]
Famous cryptocurrency exchange, Coinbase, uncovered plans to add its latest tax center on its platforms to assist U.S.-based customers in figuring out how much taxes they owe the IRS from their cryptocurrency transactions. When tax day comes, the section will assemble every transaction made and put them all together into one space to facilitate their […]
The godfather of all cryptocurrencies is starting the new year with a significant tumble potentially hitting a death cross, as Bitcoin fell by almost six percent, hitting below $40,000 for the first time since 2012, according to Bloomberg. Bitcoin hit its all-time low on New York trading, delivering a loss of approximately 14 percent. The asset’s value plunged […]
As trading volumes dry up, potential open interests hinder, and the number of active addresses slumbers, Bitcoin and other cryptocurrencies’ value fell on Thursday, led by the Federal Reserve’s December meeting reaching risk assets worldwide. According to Coin Metric data, the godfather of all digital assets, Bitcoin, fell by eight percent in 24 hours after […]
Non-Fungible Tokens’ (NFT) fame is exponentially growing, with various artists and cryptocurrency exchanges adopting the decentralized innovation to release blockchain-based fundraising campaigns to promote gender equality. The hype around NFTs has taken a different turn, with artists worldwide adopting the technology to break the societal wealth gap – or at least try to – in […]
In a unique move, the Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for cryptocurrencies and other virtual assets, the Dubai Media Office said on Monday, part of efforts to attract new business as regional economic competition heats up. The statement said that those efforts come as part of a drive-by […]
Former first lady Melania Trump revealed on Thursday plans to join the non-fungible token (NFT) hype by selling its “Melania’s Vision” watercolor painting. The NFT, which also plays an audio recording of Mrs. Trump’s voice, says: “My vision is, look forward with inspiration, strength, and courage.” In her statement of micro-blogging platform, Twitter, the former […]
Dogecoin shares soared to over 18 percent on Tuesday following Tesla Inc. chief, Elon Musk’s announcement of the company’s altered tactic of accepting cryptocurrency payments for merchandise. The announcement revealed on Twitter sent Dogecoin shares to heighten in valuation when most cryptocurrencies seem to be dropping in value. “Tesla will make some merch buyable with […]