Month: June 2021

The growing popularity of Bitcoin has led the governor of Sweden’s central bank to state that the peer-to-peer digital cash system is unlikely to continue escaping regulatory oversight, reported Bloomberg. “When something gets big enough, things like consumer interests and money laundering come into play,” Riksbank Governor Stefan Ingves told Bloomberg on Monday. “So there’s good reason to believe that [regulation] will happen.” The form such regulation will take is unclear. However, Sweden’s financial markets minister Asa Lindhagen also joined Read more …

Bitcoin price is consolidating above $35,000, trying to build enough support to make an attempt at returning to local highs. Once there, if or not the bull run is still on will become a lot clearer. But before that happens, there could be one more deep sweep of lows, according to a highly accurate market timing indicator. Here’s what the TD Sequential indicator – created by market timing wizard Thomas Demark – says about the current price action and what Read more …

Blockchain technology, the underlying infrastructure enabling crypto transactions is constantly evolving. Form being a simple ledger recording all transactions, it has grown to create alternatives to the traditional financial industry. The latest developments in blockchain space currently revolve around NFTs – Non-Fungible Tokens and Decentralized Finance (DeFi). While these two are different applications of DLT with plenty of real-world usages, their paths have started to converge and soon they will turn inseparable. While the symbiotic relationship between DeFi and NFTs Read more …

Two Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. Major Chinese Online Brokers Dive Into Crypto Trading Beijing-based Tiger Brokers and Shenzhen-headquartered Futu, China’s leading online brokerages, have unveiled plans to start offering crypto trading services, the South China Morning Post reported on Tuesday. The Read more …

The mining of cryptocurrencies can be a lucrative venture, depending on which consensus algorithm the ecosystems use. Finding the right cryptocurrency to mine can be a lot more complex than people assume. Comparing the different options is essential for anyone interested in exploring these options. Traditional Mining Remains Expensive Whereas most people would think of cryptocurrency mining as something that only applies to top assets, that is not the case. Getting involved in mining Bitcoin, Ethereum, Litecoin, or other assets Read more …

NFTs, short for Non-Fungible Assets have gained popularity in the crypto space. Most of the NFTs currently in use are either digital collectibles like trading cards or tokenized representations of digital content — like digital artwork, music or videos. Generally, possession of these NFTs signifies true ownership of the product it represents. However, the use of NFTs does not stop there as it can also represent real-world physical goods, and making it happen is Trace Network — an NFT based Read more …

Rumors of a fourth and possible fifth round of direct stimulus checks have become a hot conversation topic this week, as lawmakers are urging the President to act. Over 80 U.S. legislators have sent letters to President Joe Biden and Vice President Kamala Harris asking the administration to push forward direct economic stimulus payments and extend unemployment benefits. 80 Legislators Urge Biden Administration to Push for More Stimulus Discussions concerning more Covid-19 relief stimulus have been increasing in recent days Read more …

The Co-Founder of Dogecoin, Billy Markus, said crypto prices are mainly driven by fools selling to even greater fools. “I agree with the greater fool theory driving most of crypto prices, but I’m honestly wondering what percent you think any crypto is purchased from utility vs greater fool theory From my viewpoint it’s about 99.99% greater fool theory.” The greater fool theory states you can profit from buying overvalued assets because there will usually be a greater fool willing to Read more …

One of India’s leading private banks with 5,608 branches and 16,087 ATMs, HDFC Bank, has published a report stating that “it is just a matter of time before Indian investors have legal access to crypto plays.” This statement came as the bank scrutinizes crypto transactions in customer accounts. HDFC Bank Predicts Legal Acess to Crypto in India HDFC Bank, a leading private bank in India, published a Treasury Research report last week detailing its view on cryptocurrency. HDFC Bank currently Read more …

PolkaWar, an upcoming NFT-based fighting game, announces that the company has secured $400,000 in funding from the strategic partners at ChinaPolka, BMW Capital and PolkaBridge in an exclusive private-sale round, which was conducted earlier this month. Great interest and fervor have been shown by each investment team for the project’s highly anticipated NFT + Gaming multiverse, and they remain eager to support PolkaWar’s future within cryptocurrency. PolkaWar anticipates more enthusiasm towards early investments from institutional and organized funds and the Read more …

Blockchain gaming is one of the happening spaces in the crypto industry as projects attempt to address various shortcomings that are prevalent in traditional gaming. The current breed of blockchain games has been successful so far, but they still leave a lot to be desired. An innovative project, Night Life Crypto is changing all these by creating a new standard for blockchain gaming that could go head-to-head with traditional video game titles. What is Night Life Crypto? Night Life Crypto Read more …

According to some predictions, it is observed that Ethereum is currently “highly undervalued” and will be got famous and popular at the end of the year 2021. According to some surveys and analysis, it will be worth $10,000 because of the positive response from the investors and interested communities from all over the world. The ratio of potential high and potential low compare the results and help the people to proceed on behalf of the reliable and fast approaching standards. Read more …