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Bitcoin and Ethereum Miners Earn Record Revenues
Bitcoin and Ethereum Miners Earn Record Revenues for July

Ethereum and Bitcoin miners earned higher revenues in July. ETH revenue rose by 6.63% while BTC rose by 15.8% However, the crypto market is still struggling to rebound after the May crash. Miners of top cryptocurrencies Bitcoin and Ethereum recorded a revenue rise in July. Notably, ETH miners earned 505,300 ETH, while BTC miners earned $971 million. In fact, ETH miners’ revenue increased by 6.63% from June to July. Also, handling fees accounted for about 18% of the increase. Meanwhile, BTC mining revenue increased by 15.8% from $839 million in June. Of note, crypto mining has recently come under fire

2 mins read
Nigeria Rides the Crypto Wave
Nigeria Rides the Crypto Wave, Citizens Choose Bitcoin

Nigeria ranks at number 2 in crypto trading worldwide.  It follows after the United States of America.  The country placed second despite much government effort to dampen crypto trading. According to Paxful, a Bitcoin trading platform, Nigeria is second in line when it comes to crypto trading. This puts the country right behind the USA. Despite numerous attempts at trying to dampen the growing interest in Bitcoin, its citizens have fully embraced cryptocurrencies.  In fact, according to Chainalysis, Nigerian users received an astounding $2.4 billion in May. This number is based on dollar volume in cryptos. This is a remarkable

2 mins read
MicroStrategy Announces $299M Loss
MicroStrategy Announces $299M Loss, Remains Bullish on Bitcoin

MicroStrategy, one of the largest institutional Bitcoin investors, recently announced a loss of $299 million during the second quarter of 2021. This is possibly due to the sheer drop of Bitcoin price from almost $65,000 to $41,355.74, according to CoinGecko at the time of writing. Nevertheless, the company remains bullish on Bitcoin, saying that they are “pleased” with their crypto strategy. According to CEO Michael Saylor, “We continue to be pleased by the results of the implementation of our digital asset strategy. Our latest capital raise allowed us to expand our digital holdings, which now exceed 105,000 bitcoins. Going forward,

1 min read
Biden’s Bill Will Hinder Crypto Activities
Biden’s Bill Will Hinder Crypto Activities Within The USA

Biden’s infrastructure bill comes with a new cryptocurrency surveillance provision.  The EFF says that this bill will make things a lot harder for crypto activities in the country.  It lists out 6 solid reasons on how the bill does so. The USA has always been a land brimming with potential and opportunity. It is a place where people from all over the world gravitate to fulfill their dreams. Naturally, the country must work towards living up to this name. A great way to do that is to accommodate the world’s latest trends and technologies.  For instance, the people of America

2 mins read
Bitcoin Hits $40K Again
Bitcoin Hits $40K Again, While ProFunds Launches BTC Mutual Fund

The crypto market is alive once more, as major cryptocurrencies are seeing signs of recovery. In fact, Bitcoin price has been around the $40,000 mark in three consecutive days. BTC/USDT 1-day chart (source: TradingView) As seen on the above chart, Bitcoin has been trading around the $40,000 mark since July 26, in which its highest price reached almost $40,500, which is a breath of fresh air to the crypto market. The presumed rally was met with strong resistance, causing Bitcoin price to retract to $35,000. The bulls made another attempt at $40,000 on July 27, although they failed to take

1 min read
Cardano Will Go Mainstream Along With Bitcoin and Ethereum
Cardano Will Go Mainstream Along With Bitcoin and Ethereum

Morningstar’s strategist shares her opinion on Cardano (ADA). She says the crypto could go mainstream much like Bitcoin and Ethereum. Cardano has much to offer and is a growing interest for institutional investors. Cardano (ADA) hodlers are a community that greatly believes in the potential and success behind the technology. It seems that mainstream investing companies agree with this. In fact, Morningstar’s strategist says that Cardano will become mainstream crypto much like Bitcoin (BTC) and Ether (ETH).  Amy Arnott — one of the advisory investing company’s strategist and portfolio manager, shares her view on Cardano during a discussion with Business

2 mins read
FTX Exchange Limits High-Leverage Crypto Trading
FTX Exchange Limits High-Leverage Crypto Trading

FTX Exchange limits leveraged crypto margin trading by over 80x. FTX CEO and billionaire Sam Bankman-Fried shared the news on Twitter. Also, FTX is the latest in a growing number of exchanges to limit leverage trading. FTX Exchange is the latest big crypto exchange to limit risky high leverage trading. The decision means that investors will no longer be able to use huge debt amounts when trading on the exchange.  FTX’s billionaire CEO, Sam Bankman-Fried (SBF), shared the news on Twitter. In the tweet thread, SBF shared that FTX will limit margin trading to 20 times the invested capital. The

2 mins read
Doge Disco Game
New Doge Disco Game to Give Away Dogecoin and Get People Dancing

A new NFT game called Doge Disco plans to give away $1 million worth of DOGE. The game uses augmented reality, inspired by Pokémon Go and Tamagotchi. Amid the frenzy among the blockchain NFT gaming space, a novel idea is brewing and will get people dancing.  The game is called Doge Disco, although the word order appears to have been mixed up in other mentions. It is a blockchain-based game centered on Dogecoin, and it aims to “unify and liberate humanity”, according to CEO Gary Lachance. The team intends to give away $1 million worth of DOGE, stored in Disco

1 min read
Bitcoin Boost to Over $40k as Amazon Grows Interest in BTC
Bitcoin Boost to Over $40k as Amazon Grows Interest in BTC

Bitcoin surge to over $40k Amazon plans to accept  BTC as a payment option All eyes on Bitcoin as it smashes one resistance level to another in reaching the skyrocket price of over $40K. Interestingly, Bitcoin managed to achieve a growth rate of over +14% in the past 24 hours. Truly, this amazing performance made by Bitcoin surprised the crypto community and investors worldwide.  This made Lark Davis, a Bitcoin investor and crypto analyst, react in a tweet post: As per Lark, Bitcoin finally frees itself from its bearish downtrend in the past 7 months. “#Bitcoin just broke out of

2 mins read
Axie Infinity Review
Axie Infinity Review: Guide, Features, Gameplay, How to Earn

Despite the doom and gloom in the crypto market, due to bears whispering bad news to crypto traders and investors, there remain a number of sensations that help the market remain afloat. There’s El Salvador, with its recent embrace of Bitcoin. There’s also Axie Infinity, which is taking the blockchain gaming world by storm. What is Axie Infinity? In this Axie Infinity review and guide, we will discuss all things that players need to know for them to ace this game.  What Is Axie Infinity? Axie Infinity is a blockchain-based game that uses the Ethereum network. In a nutshell, it

7 mins read
Bitcoin Rises After Elon Musk Says
Bitcoin Rises After Elon Musk Says Tesla To Accept BTC Again

Elon Musk shared that Tesla might reinstate Bitcoin payments. The news caused the top crypto to rebound above $30,000. Also, Musk shared that he personally along with Tesla and SpaceX still hold BTC. Top cryptocurrency, Bitcoin (BTC), has surged since Elon Musk disclosed that Tesla is “most likely” to reconsider accepting BTC payments. Notably, BTC is up 0.3% since Musk shared this news.  Tesla CEO and billionaire Elon Musk shared this at the recent B Word cryptocurrency conference,  “Most likely the answer is that Tesla would resume accepting Bitcoin…I wanted a little bit more due diligence to confirm that the

3 mins read
El Salvador Set to Launch a National Cryptocurrency Soon
El Salvador Set to Launch a National Cryptocurrency Soon

El Salvador is introducing its own national cryptocurrency.  This crypto will be a stablecoin that will go by the name of ‘Colón-Dollar’.  Eventually, the country aims to recognize all cryptos as legal tenders. El Salvador has come a long way since its initial announcement at the Miami Bitcoin 2021 conference. Its latest news surrounding cryptocurrency is the fact that the country plans to launch its very own stablecoin this year.  According to a local digital newspaper in the country — El Faro, El Salvador’s government aims to establish its own native cryptocurrency. This crypto will be a stablecoin that the

2 mins read