News

Bitcoin and the rest of the crypto market have struggled over recent weeks. After an attempt at breaking the crucial resistance of $10,500, BTC failed, undergoing a retracement that dragged altcoins lower. Some see this retracement as a precursor to an even further drop. Yet according to an executive of Glassnode, a massive crypto bull […]

The Chinese-based Bitcoin mining giant Ebang is the latest crypto company to list on the public markets. Debuting on the Nasdaq with a $685 million evaluation, the company was able to raise over $100 million. Its stock price has seen some turbulence since listing, as it appears that investors are conflicted as to what the […]

Bitcoin and the crypto market appear to have been forming a close correlation to the stock market over the past few months. This correlation has grown incredibly strong in recent weeks, and it does appear that crypto investors are taking their cues from the traditional markets – likely with the assumption that BTC will closely […]

China’s digital currency aspirations are both unprecedented and unparalleled. The former because not many critics pinned their hopes on the Far Eastern giant to be the beacon holder for blockchain technology, the latter as no other nation is close to China’s progress with in terms of digital currency development. But the advancement of disruptive technology […]

Compound’s (COMP) meteoric rise is equal parts FOMO and illiquid price pushing, with industry observers drawing parallels with the infamous ICO boom of 2017. The lending-centric token even made it to Coinbase this week, with the latter notorious for taking a methodical, legal-first approach to projects.  Thus far, there were limited avenues to bet against […]

Crypto.com is temporarily suspending its Europe and U.K. issuances of MCO debit cards after its former card operator — Germany’s Wirecard AG — slipped into bankruptcy and filed insolvency this week. The Hong Kong-based company will now find a new card operator to commence its card business again — one of the largest in the […]

In 2017 and 2018, smart contracts were seen as the next big thing in crypto. Ethereum rallied from literal dollars to a peak of ~$1,400, ICOs promising evolutions in smart-contract tech raised billions, and many of the cryptocurrencies in the top-50 touted smart contracts as their killer use case. Despite the promise, this segment of […]

Blockchain technology and digital currencies are increasingly revered as the next phase for technological advancements, alongside the usual suspects of A.I., machine learning, and drone tech. This week, Ripple co-founder Chris Larsen spoke on a CBInsights forum about the slow development of blockchain and cryptocurrencies in the U.S. Speaking to WSJ reporter Paul Vigna, Larsen […]

The infamous PlusToken Ponzi scheme is back in the crypto news once again. The reason: its inactive Ethereum wallet has become active again as the scammers attempt to liquidate what they stole. The crypto community was first alerted of PlusToken’s return when a crypto account tracker revealed earlier this week that 789,534 ETH had been […]

Investors have been boggled by the recent divergence between Ethereum’s price action and its fundamental growth. The cryptocurrency’s robust on-chain statistics have come about despite it being fully exposed by the downside seen by Bitcoin as of late. One explanation for this trend is that the explosive growth of the DeFi sector does not immediately […]