At the time of writing, the cumulative cryptocurrency market’s 24-hour volume was $110 billion. At the same time, however, the total market cap was found to be $1.38 trillion, down 3.94% from yesterday. While several cryptocurrencies including MATIC and Theta Network registered dips over the last 7 days, Solana showed signs of recovery with anContinue reading “Solana, THETA, MATIC Price Analysis: 01 July”

With the ongoing unfolding of the ‘hashrate migration’ away from China, bitcoin’s hashrate dropped significantly.   According to Nic Carter of Castle Island Ventures, “Bitcoin mining is a largely self-contained industry. Banning mining does little to inhibit bitcoin transactions or exchanges – they are totally distinct concerns.” Peter Smith, Blockchain.com co-founder and CEO, recently statedContinue reading “Why is this ‘actually fantastic news for Bitcoin’?”

China’s crackdown on cryptocurrency mining operations in the country was widely discussed in the last couple of months. Several conversations around this development are emerging, be it in the media and or within the cryptocurrency community itself. Some experts believe that this is just a temporary hurdle and may not have a long-lasting impact, whileContinue reading “Bitcoin and China: Why this move cannot be ‘underestimated’”

Over the past week, multiple industry analysts and Bitcoin supporters discussed why they believe that amidst a bearish market, it was important to focus on Bitcoin’s long-term price movements. Adding his bit to this outlook, CEO and co-founder of Celsius, Alex Mashinsky mentioned in a recent interview that he saw Bitcoin reaching $160,000 this year.Continue reading “Why the ‘spring effect’ applies to Bitcoin’s price movements”

Binance was once again flagged for offering services without authorization. This time it was the UK Financial Conduct Authority stating that Binance Markets Limited was ‘not permitted to undertake any regulated activity in the UK.’ As per the ‘Consumer warning on Binance Markets Limited and the Binance Group,’ it did not have the permission toContinue reading “UK Financial Services Regulator issues warning about Binance”

Arguably the world’s biggest cryptocurrency exchange, Binance, is in the news today after it advised its users in Ontario, Canada to “close out all active positions” by the end of this year. As per the official announcement released by Binance, “Binance has updated its Terms of Use to provide that Ontario (Canada) has become aContinue reading “Binance lists Ontario as ‘restricted jurisdiction’ citing ‘compliance efforts’”

American Investment bank JP Morgan reiterated its bearish stance on Bitcoin earlier this week, with the firm cautioning its investors following Bitcoin’s price dip. In a newsletter to its clients, the bank projected a dip below $25,000 for Bitcoin, citing the upcoming ‘unlock’ of the Grayscale Bitcoin fund. Needless to say, these projections haven’t beenContinue reading “Does JP Morgan have a leg to stand on when it talks about Bitcoin?”

With the bears still holding the reins in the cryptocurrency market, most coins were trading in the red at press time. While Bitcoin had fallen by 6.5 percent in the last 24 hours, most altcoins among the top ten noted dips in the range of 5-7%. TRON was down 6.3%, Ethereum Classic dipped by 8%,Continue reading “TRON, Ethereum Classic, SUSHI Price Analysis: 26 June”

Earlier this month, El Salvador became the first country to adopt Bitcoin as legal tender, passing a bill to this effect. What’s more, El Salvador now is going as far as airdropping $30 worth of BTC to its registered citizens. While the aforementioned bill will take effect on 7 September 2021, the country is stillContinue reading “El Salvador’s banks have this to lose thanks to country’s Bitcoin adoption”

The last 24 hours have seen the cryptocurrency market at its most volatile, with the cumulative trading volume falling despite the sector’s alts trading in the green, at press time. Bitcoin Cash was up by 5.2% while MATIC was up by 1.3%. However, Solana’s recovery was relatively slower, and it was instead down by 0.7%Continue reading “Bitcoin Cash, Solana, MATIC Price Analysis: 24 June”

The cumulative market volume of cryptocurrencies dropped over the last 24 hours, with the same falling by 42.47%. While Bitcoin’s prices were hovering around the $33,000-mark at press time, the altcoins’ fortunes were mostly mixed, with some making small recoveries while others still traded in the red. Binance Coin, Litecoin, and Chainlink had registered monthlyContinue reading “Binance Coin, Litecoin, Chainlink Price Analysis: 24 June”

China may no longer be the hub of Bitcoin’s mining activity it once was, as several bitcoin mining farms in the country were shut down by its government, in the last few months. As of yesterday, 26 mining farms in the Sichuan province lost power following orders from the local government to terminate their powerContinue reading “Why this is a ‘tremendously positive’ thing to have happened to Bitcoin”