After dropping more than 10% to reach $20,700 on Friday, Bitcoin traded sideways for the majority of Monday, following in the footsteps of other crypto assets as investors took a back seat in response to uncertainty regarding the macroeconomy. As of the time this article was written, the price of Bitcoin was trading at $20,271,…
The actions of CoinSwitch Kuber have come under investigation by the Indian government, and the CEO of the firm has stated that the investigation is being conducted because the government is interested in learning more about what the company does. In an interview that took place over the weekend with Reuters, Ashish Singhal, the CEO…
Since the previous year, when El Salvador’s president gave his approval for Bitcoin to be used as a legal tender, the country has been working on building its Bitcoin bonds. The action has been met with substantial suspicion from a variety of different sources over the choice made by President Nayib Bukele. As a result…
According to one of a kind research addressing the issue of global brand intimacy, the blockchain developer Cardano now holds the leading position within the cryptocurrency market. According to the most recent research conducted by MBLM, a brand relations agency, Cardano currently holds the position of number one in the cryptocurrency market. The platform has…
The International Monetary Fund (IMF) forecasts that the economy of the United States will continue to suffer from excessive inflation for at least one or two more years. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund, issued a warning that “I would be careful about looking at one data point for the…
The issuers of stablecoins have come under scrutiny about the integrity of the reserves used to support the tokens that they distribute. As of the 31st of July in 2022, the reserves report that was prepared by Circle Internet Financial LLC (Circle), the company that issues the stablecoin USDC, has been made public. The website…
After a weekend slump to approximately $19,600, Bitcoin rallied back above $20,000 on Monday. a falling off in the market’s stock prices The situation on Wall Street, with US equities also grappling with sell-off pressure since Powell’s hawkish statements on Friday, does add to the general pessimism, but it does not change the overall outlook….
South Korea is considering introducing a novel kind of taxation on virtual currencies such as bitcoin and ethereum. In recent months, the East Asian nation has stayed in the spotlight within the cryptocurrency business due to its ongoing efforts to establish appropriate regulatory framework for the burgeoning sector. Recently, the government of South Korea has…
The article titled “Tether Is on the Brink of Insolvency, Balance Sheet in a Pathetic Condition: Wall Street Journal” was first published on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide. Tether made headlines two weeks ago because of the increase in its market capitalization and the fact that it was able to reverse…
The high price volatility experienced by crypto assets (which have decreased market capitalization) is comparable to that of penny stocks, according to Jordan Belfort, a former stockbroker who is also referred to as the “Wolf of Wall Street.” Belfort made this comparison because of the similarities between the two types of investments. Penny stocks are…