Author: Atis. Sh

Bitcoin (BTC) retracted to some unforeseen levels that it had already surpassed in October. As Bitcoin (BTC) plummeted in value, it drove the entire cryptocurrency market into crimson waters. Friday morning, Bitcoin (BTC) incurred a new low for November plunging to $56,550. A price this low has not been seen since the 13th of October after which Bitcoin (BTC) was in full gear to reach new highs. While during the week Bitcoin (BTC) had dropped by 10%, in the last 24 hours alone it took another dive of 4%. The market cap of the biggest cryptocurrency dropped from $1.3 trillion…

Blockchain technology is groundbreaking without a doubt. This technology has revolutionized the way humans see… well basically everything. Although the first-ever crypto project was created solely for serving as a medium of exchange, things have changed since then. Today, we have blockchain-powered projects for nearly everything.  We have projects such as Ethereum that unlocked new dimensions of blockchain technology to the world. Through Ethereum, developers were able to launch their tokens, decentralized applications, and even Non-Fungible Tokens (NFTs). Because it is so revolutionary, even Microsoft has announced a partnership with Ethereum. Furthermore, we have Helium, a decentralized wireless providing network.…

During this year, the meme sector of the cryptocurrency market experienced unimaginable growth. Although the whole cryptocurrency market was bullish this year, meme coins did numbers. For the first time ever, two meme coins were part of the top ten biggest cryptocurrencies regarding market capitalization. Earlier this year, Shiba Inu surpassed Dogecoin after being listed in Coinbase listing. This sparked another meme coin season, prior to the whole market recovering from the correction that happened in May. During this meme coin season, the whole meme sector exploded. Yet, some tokens caught the eye of everybody because they literally mooned. Alongside…

Williston, a little city with a population of just over 27,000 people, is making waves in the $2.5 trillion crypto industry. The city has revealed the installation of the first government-sanctioned cryptocurrency ATM at its airport via a collaboration with the crypto service provider Coin Cloud. In the United States and Brazil, Coin Cloud has installed over 4000 Digital Currency Machines (DCM). Users can use non-custodial digital wallet services to handle their virtual assets. Users can also use cash to purchase and sell Bitcoin (BTC), Ethereum (ETH), and more than 40 other cryptocurrencies. Anyone with a digital wallet can conduct…

As Turkey’s Lira has taken a dive against the US Dollar, the world is wondering whether the country will consider Bitcoin (BTC) acquisition.  All kinds of motives drive people into investing in the crypto market. A large number of cryptocurrency investors regard Bitcoin (BTC) as an amazing opportunity to remain unaffected by inflation and they zealously invest. In fact, the majority of crypto investors concur that cryptocurrencies as digital assets and Bitcoin (BTC) especially is the best hedge against inflation because fiat currency is devalued when inflation increases, thus it provides a great escape from its effects. The economy of…

In a Twitter video called “Brief Regulatory Update” Cardano (ADA) founder Charles Hoskinson broadcasted his views on the United States Cryptocurrency Infrastructure Bill where he also addressed the problematic use of language in the bill. Hoskinson stressed the topic of the language used in the infrastructure bill by conveying that “we are in a slightly bad position today, because the Infrastructure Bill was passed. If it’s left to its own devices, by 2023 when these mandates come into place…depending on how they are interpreted and what the IRS does with it, it can cause catastrophic damage”. Hoskinson went on to…

Post Malone used the crypto fintech company MoonPay to acquire 2 BAYC (Bored Ape Yacht Club) NFTs for a tandem 160 Ethereum (ETH).  Rapper Post Malone is now the most recent celebrity to hop on the NFT train by using his latest music video for promoting a crypto startup and a vast NFT project. Malone bought an NFT from Bored Ape Yacht Club (BAYC), one of the largest NFT collections in the world, having 10,000 distinct digital artifacts on the Ethereum blockchain, for his latest collab with The Weeknd, “One Right Now” music video. The video shows how Post Malone…

BofA interviewed 388 fund managers with $1.2 trillion in AUM (assets under management) for the survey of this month. Per the answers of money managers queried by BofA Securities, the price of Bitcoin (BTC) faces challenges over the next 12 months, despite being a wild and tumultuous trip along the glorious path of the biggest cryptocurrency. The results show that money managers are also taking more risks as the year draws to a close, with their allocation to U.S. stocks at a high lasting 8 years. In a statement, BofA strategists headed by Michael Hartnett note that the majority of…

Changpeng Zhao, CEO of Binance has revealed how the users of Binance have perceived the mandatory KYC compliance.  Speaking in an interview, Changpeng Zhao said that after years of battling authority allegations on a global scale, it has finally taken quite the positive approach to regulatory compliance, and it actually was quite beneficial when considering the turnover of users.  The KYC – Know Your Customer protocol implemented by Binance is applicable for users globally, where new users were expected to be reached by the new regulation-compliant Binance. Nonetheless, the implementation of KYC cost Binance 3% of users, revealed Changpeng Zhao…

Australia-based baseball team Perth Heat will pay its professional athletes and the staff using Bitcoin Lightning Network.  Perth Heat has formed an agreement with Bitcoin (BTC) payment processor OpenNode to receive and execute Bitcoin payments (BTC). Through the partnership, staff and professional athletes will be paid via Bitcoin (BTC). As the announcement dictates, Perth Heat through the Bitcoin Lightning Network will be able to execute and accept Bitcoin (BTC) payments. Moreover,  the agreement with OpenNode enables the professional baseball club to receive revenue streams outside of the organization via Bitcoin (BTC), such as merch and sponsorships among others.  Given this…