Market

Crypto Investor: British Pound Dropping Like Shitcoin
Crypto Investor: British Pound Dropping Like Shitcoin

The pound drops to a new record low after the UK stressed more tax cuts. Crypto investor Lark Davis compared the dropping GBP to a ‘Shitcoin’. The Bank of England is expected to make a move if the situation gets worse. The British pound (GBP) plunges to a record low after the UK government vowed to assert more tax cuts, which fuels uncertainty that will bring new tax policies that will affect both equities and cryptocurrencies. In a tweet, popular bitcoin and crypto investor Lark Davis told his 1 million Twitter followers how troubled he was with the plummeting price

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XRP Makes 50% Gain Leaving Top Coins in the Dust
XRP Makes 50% Gain Leaving Top Coins in the Dust

XRP is the top gainer among leading cryptocurrencies with an almost 50% surge in the last 7 days. Earlier this week, Ripple executives requested the judge to expedite the lawsuit. On the other hand, leading cryptocurrencies are struggling to regain key support levels. XRP makes the headline in the crypto space as the altcoin poses an incredible surge. In the last 7 days alone, the embattled cryptocurrency has skyrocketed by around 50%. As seen from the chart above, XRP has made a convincing surge. This is despite recent assaults that various financial markets have received due to widespread fear, uncertainty,

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Nasdaq To Offer Crypto Custody for Bitcoin, Ethereum
Nasdaq To Offer Crypto Custody for Bitcoin, Ethereum

Nasdaq is planning to launch crypto custody services for BTC and ETH initially. The stock exchange is not planning to launch its own crypto exchange anytime soon. However, Nasdaq expressed its willingness to partner with crypto firms. Nasdaq revealed that it is planning to launch crypto custody services for Bitcoin (BTC) and Ethereum (ETH). In fact, the stock exchange juggernaut has hired one former executive from US-based crypto exchange Gemini in preparation for the said task. According to an article by Bloomberg, Nasdaq has already onboarded Ira Auerbach, who was the Global Head of Gemini Prime. Now, Auerbach is Nasdaq’s

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Bitfarms Hashrate Hits 4 EH/s After Building Argentina Farm
Bitfarms Hashrate Hits 4 EH/s After Building Argentina Farm

NASDAQ-listed Bitfarms has reached its 4 Exahashes/second (EH/s) milestone after starting its Argentina operations. Bitfarms will launch its second bitcoin mining farm possibly by Q2 2023. Meanwhile, Bitcoin has crashed alongside stocks and precious metals and is trading at $18,705.60. Bitfarms, a bitcoin (BTC) mining company that is publicly listed on NASDAQ, has achieved its 4 Exahashes/second (EH/s) milestone. This achievement occurred after the company started its mining operations in Rio Cuarto, Argentina. According to the company’s press release, the newest Argentina farm is its 10th site. The achievement came amid BTC suffering another crash. At the time of writing,

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Brazil Surpasses 1M Bitcoin And Crypto Users
Brazil Surpasses 1M Bitcoin And Crypto Users

For the first time, more than 1 million people in Brazil use Bitcoin and other cryptocurrencies. Bitcoin and other cryptocurrencies have become increasingly popular. Crypto adoption at large has seen a surge in 2022. Brazil has seen a surge in Bitcoin and cryptocurrency adoption over the past year, with the number of users now surpassing 1 million for the first time. This data comes from a new report from the South American country’s tax authority, Receita Federal, which showed that 1.33 million Brazilians made crypto purchases in July, 68% more than in June. The researchers only included crypto purchases made

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Crypto Traders are Still Bullish for September
Crypto Traders are Still Bullish for September

September is notorious for being a tough month for the cryptocurrency market. This September could be a good month for the markets. Last month felt irrational, with people calling new lows to come soon. September is known for being a bad month for the cryptocurrency markets. According to reports, this year, September has been a prospective month for the markets. The total market capitalization of all cryptocurrencies has increased significantly in the previous month and this month at large, while the price of Bitcoin (BTC) has surged by more than 1% in the last 24 hours. According to data from

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Crypto Market Sinks Fast, Economists Debate Consequences
Crypto Market Sinks Fast, Economists Debate Consequences

Both Cryptocurrencies and stocks take a massive plunge.  The overall market sentiment seems to be shrouded in fear and doubt.  Economists expect a harsh state of inflation and an inevitable recession. In just 24 hours, the financial market took a heavy hit and assets everywhere are dropping in value. The market sentiment is moving towards a downward spiral as investors scramble to secure their investments.  What’s concerning is that the hit is affecting both traditional and decentralized economies. This is unfortunate news, especially for the crypto industry that needs a greedy sentiment to drive price surges. Presently, the Crypto Greed

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Falling-US-Inflation-Rate-Proves-Boon-for-Crypto-Market
Falling US Inflation Rate Proves Boon for Crypto Market 

The US inflation rate is below its 8.7% estimation.  Many are relieved to see this, especially those hoping for a crypto market surge.  The crypto community is convinced that a crypto price surge is on its way. Crypto community justifies how the fallen US inflation rate will boost crypto activity. The community claims that since the US inflation rate has come back to below estimate, crypto investing and trading will be on the rise again.  Recently, the US CPI announced that its inflation rate fell from a high of 9.1% in June to 8.5% in July. This is especially significant

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Kazakhstan President Imposes Bill for Higher Tax Rates on Crypto Miners
Kazakhstan President Imposes Bill for Higher Tax Rates on Crypto Miners

The President of Kazakhstan has signed a bill that raises tax rates on crypto miners. Tax rate will depend on the amount of electricity used by the miners. The government states that the tax will reduce the power load. As per reports, the president of Kazakhstan Kassym-Jomart Tokayev, has signed a bill to impose a high tax rate on crypto miners. In a recent Tweet by Wu Blockchain, this will depend on the amount of electrical energy that the cryptocurrency miners will be using. The tax will be charged on the average use of energy consumption, which will further be

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SuperRare-Partnered-with-Vertical-Crypto-to-Launch-3-day-NFT-festival-in-London
Surveys Hint at Speedy Crypto Recovery, Investors on the Rise

A Bank of America survey says over 91% plan to buy crypto in the next six months.  An IRA survey says 80% want to buy Bitcoin and cryptos for their retirement savings.  These are great signs for a quick crypto market recovery. Despite the current crypto market crash, many are still holding onto their crypto assets. In fact, most are certain the end to the bear market is near and that a bullish future is imminent. According to a Bank of America survey, it seems that over 91% plan to buy crypto in the next six months. Specifically, according to

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Crypto-Crash-Impacts-Crypto-Professionals,-Layoffs-Imminent
Crypto Crash Impacts Crypto Professionals, Layoffs Imminent

Many crypto companies are laying off their employees amid the crypto crash. Some of the most prominent include Coinbase, Robinhood, and Crypto.com. Meanwhile, Binance is hiring more employees to gear up for the bullish future. Many crypto-centric companies have announced multiple layoffs amid the ongoing crypto market crash. This is upsetting as all markets seem to be having a tough time. However, the crypto industry seems to be taking the brunt of it.  According to the tweet from Blockworks, seven significant companies have announced layoffs. In detail, BitMex, BlockFi, and Coinbase are laying off 25%, 20%, and 18%, respectively.  Likewise,

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Play-to-Earn-Bomber-Game-Metabomb-Launches-its-Official-Game
Play-to-Earn Bomber Game Metabomb Launches its Official Game

Metabomb is now live on Mainnet: play.metabomb.io. Players can now earn by playing different types of game modes of Metabomb. The game is developing towards GameFi 2.0, a union of p2e concept and DeFi 2.0. Metabomb, a “Chibi bomb game” on Binance Smart Chain, announced the official launch of its game. The official Twitter account of Metabomb confirmed the announcement, adding that players can now start earning via its BSC Mainnet. Metabomb is a Bomberman-based metaverse game where players can choose from matches against other players or work with them to defeat a powerful boss. The project is customized in

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