It’s been another whirlwind week in the crypto industry with some fascinating developments making for interesting conversations in crypto circles. Bitcoin slides as Amazon deny crypto payment plans; World-famous museum to tokenize Da Vinci and Van Gogh paintings; South Korea threatens to shut down foreign exchanges, and Iran is concerned over Chinese crypto miners’ illegal entry.
The crypto industry has seen another interesting week with some noteworthy developments making for fascinating conversations in crypto circles. UK authorities crackdown on misleading crypto adverts; South Korea enforces anti-money laundering laws for crypto investors; New Argentinian bill proposes salary payments in cryptocurrencies, and Robinhood fined $15 million for flouting anti-money laundering regulations.
While everybody seems to be jumping on the Bitcoin bandwagon in recent times, many have begun to wonder what happens when Bitcoins are lost. Bitcoin and other digital assets worth millions of dollars are lost each year. More often than not, these lost cryptocurrencies cannot be recovered and permanently leave the circulating supply.
With an increasing number of institutions showing interest in Bitcoin, the world’s most popular cryptocurrency appears set to accelerate into the mainstream. With a current market cap of over $654 billion and a recent peak of almost $1.2 trillion in its last run, there has been a remarkable shift in perception from institutions who initially dismissed Bitcoin but have since recognised its value.
Institutions have steadily come to understand Bitcoin’s credibility as a store of value with many describing Bitcoin as a safe haven alongside gold. This could not be more evident than during this pandemic where Bitcoin incredibly outperformed…
It’s been another interesting week in the crypto world with many fascinating developments taking place. The Philippines Stock Exchange plans to introduce cryptocurrency trading; Kazakhstan imposes cryptocurrency mining tax law; Barclays toughens its stance on Binance fund transfers, and Vietnam’s Prime Minister orders pilot implementation of cryptocurrencies.
It’s been another whirlwind week in the world of crypto with some key developments making for interesting conversations. The Mexican central bank cautions lenders on crypto service offerings; Elon Musk throws his weight behind Dogecoin’s fee change proposal; Second-hand hydropower plants flood the Chinese market amidst exodus of crypto miners, and German authorities approve crypto custody license for Coinbase.
Ethereum is the world’s second-biggest cryptocurrency by volume with a circulating supply of over 116 million ETH and a market cap of over $225 billion. It is also an open-source software platform that is the most popular blockchain in the world. Ethereum was developed in 2015 by a Canadian programmer, Vitalik Buterin, who wanted to create a blockchain network together with a cryptocurrency that offered more potential than Bitcoin, which was quite limited in use.
With Ethereum, users can buy and trade ETH as an investment while developers can use its software platform to create new applications that make using…
It’s been a mixed bag in the world of crypto with some thought-provoking developments taking place across the globe. China’s crackdown on crypto continues; a world-renowned auction house prepares to accept crypto payments, and the World Bank declines to support El Salvador’s adoption of Bitcoin.
A market cap is the entire value of all mined crypto coins in circulation. Otherwise known as market capitalisation, it is calculated by multiplying the existing price of a specific coin with the total number of that specific coin currently in circulation.
Market caps are particularly helpful for investors as they serve as a guide in terms of a coin’s stability in the market. Although cryptocurrencies are volatile in nature, coins with larger market caps are known to be more stable. …
It’s been another rollercoaster week in the world of crypto with some interesting developments taking place. Tesla softens its stance on Bitcoin transactions; Kazakhstan plans to introduce crypto mining tax; Thailand bans joke cryptocurrencies and NFTs; and More Latin American countries look to follow El Salvador’s lead with crypto adoption.
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