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Despite Bitcoin’s recent bearish condition and low market sentiment, the majority of Bitcoin holders are still in profit, according to data from the crypto analytics platform IntotheBlock. Just over 59 percent of addresses hold Bitcoin bought with an average purchase price below $7,470, putting them “in the money” on unrealized gains even after the cryptocurrency’s […]

According to a research team that focuses on DeFi (decentralized finance), the usage of Ethereum (ETH) on decentralized financial networks is on the rise. The DefiPulse team said: “Total ETH locked in DeFi (currently 2.311M) is approaching its all-time high of 2.332M, levels last seen in mid-April 2019. At the moment, ~2.13% of all ETH […]

In a recent interview with CNBC’s “Squawk Box,” CEO at Galaxy Digital Michael Novogratz stated that Facebook could have taken a different approach when it announced the creation of Libra. This would have allowed the project to be kept alive as it was meant to be. Novogratz said: “If Facebook would have come out originally saying […]

The Cardano Foundation is about to launch an ADA payment gateway thanks to a partnership with COTI, an enterprise-grade fintech platform. According to the company’s blog post, the gateway will allow merchants across the world to accept payments in ADA, as it will enable instant settlement into 35 different fiat currencies. Fiat gateway for ADA […]

Over the last 36 hours, the total crypto market capitalization plummeted nearly 11 percent. The sudden drop aligns with a number of bearish signs that can be seen across the weekly charts of the top cryptocurrencies by market cap. The following technical analysis will evaluate whether Bitcoin, Ethereum, XRP, and Litecoin are bound for a […]

Coinbase, one of the largest cryptocurrency exchanges in the U.S., has generated nearly $2 billion from transaction fees alone since its launch in 2012, CEO Brian Armstrong said. In an interview with Vanity Fair, Armstrong said the exchange generated more operating profit than all of the venture capital money it raised throughout the years. Coinbase […]

At Facebook CEO Mark Zuckerberg’s Senate testimony, Republican congressman Ted Budd of North Carolina said that Bitcoin, Ethereum, and XRP are actual cryptocurrencies, while Libra isn’t. By “actual” cryptocurrencies, Congressman Budd likely meant that unlike the three assets, Libra is not open-sourced and permissionless. He said: “It’s crucial that members of this committee be able […]

Mark Zuckerberg, the founder and CEO of Facebook, has testified before the U.S. House Financial Services Committee, where Congress members have raised their concerns about the company’s past and future dealings. Zuckerberg says stifling innovation could give an upper hand to China Libra has been one of the most controversial technology projects in the past […]

The Bitcoin price continues to deteriorate, dropping another $500 to $7,500 per BTC. It seems momentum from April’s rally is wearing off. Recent Bitcoin price action Beginning in April, the price of a single BTC went from $4,150 to $13,000 in less than four months. The price peaked in late June at $13,015 and again […]

According to data from Google, search interest for the term ‘Bitcoin’ is currently near the lowest it has been in the past three months. The lack of interest in the world’s largest cryptocurrency seems to go hand in hand with a sharp decline in price, as the coin has dropped to a worryingly low $7,500 […]