The second-largest bank in the US, Bank of America, slammed Bitcoin in a recent note to clients and questioned the environmental implications of maintaining the asset. According to The Street report titled “Bitcoin’s Dirty Little Secrets,” argued that Bitcoin had little role to play in an investor’s portfolio. “Bitcoin has also become correlated to risk assets; it […]
Vega, a decentralized derivatives trading protocol, today announced it has closed a $5 million raise with investment from Arrington Capital, Cumberland DRW, and Coinbase Ventures The rounds, led by Arrington Capital and Cumberland DRW, support Vega’s mission to democratize markets by enabling anyone to create and launch a derivatives market while tackling some of the […]
Bitcoin, after setting its new all-time high of $62,000, retreated to $54,000 in several hours and caused a total of $1.74 billion Bitcoin positions to be forced liquidated. Unlike the last few times, the 6% decline didn’t scare away many investors. Bitcoin believers on Twitter claim this another good opportunity to amass more cheap Bitcoins....
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KeyFi has started the application process for token rewards on their KEY and KEYFI tokens. Users who hold at least $1000 in either KEY or KEYFI/USDC Uniswap liquidity tokens can now submit their credentials for KYC verification. Here is a short guide for using the SelfKey wallet and the KeyFi platform. We're delighted to announce […]
Mining Bitcoin is becoming a highly profitable business for those skilled in the activity. Data published by Glassnode is shedding light on the booming industry of Bitcoin mining. In its weekly on-chain report, Glassnode revealed that Bitcoin miners have recorded their highest daily profit to date. This week, a whopping $52.3 million was recorded in […]
According to local news reports, India’s oldest exchange for trading cryptocurrencies, ZebPay, aims to double monthly transactions after an explosion in demand, despite concerns of looming curbs from the nation’s authorities. The cryptocurrency exchange with about 4 million customers expects to churn $27.6 million worth of trades per month, said chief executive officer Rahul Pagidipati. […]
The cryptocurrency market has blossomed in the past few months as Bitcoin hit an all-time high of $61,000, which has in turn increased the demand to mine these digital assets. However, crypto mining remains way out of reach to most investors due to the cost of mining equipment and electricity costs.
