Crypto

IMF Urges El Salvador to stop accepting bitcoin as legal tender

The International Monetary Fund is pushing El Salvador to jettison bitcoin as legitimate delicate, as per an assertion delivered on Tuesday. IMF chiefs "focused on that there are huge dangers related with the utilization of bitcoin on monetary steadiness, monetary...

Facebook severs off experimental Libra project

The Diem Association, a consortium of organizations dealing with a blockchain-based installment framework, is offering its innovation resources for Silvergate Capital for $200 million, as indicated by a report from the WSJ. Meta, the organization previously known as Facebook,...

Bitcoin continues to trade lower as the overall cryptocurrency market tapers off

Bitcoin is currently being ravaged and battered by the bear market. It’s currently priced at $35,244.38 as of this writing a far cry from its high of roughly $67000 in November. Bitcoin is not the only cryptocurrency that is...

Crypto poses systemic risks deem IMF

Internal Monetary Fund (IMF) released a blog detailing the concerns that the crypto market might have in the future of the stock market. In the detailed post, they talked about the fact that both the crypto market and the...

Bitcoin ETF ProShare is underperforming

A Bitcoin ETF, which had appeared on the New York Stock Exchange with a bang, has now crashed. With more prominent commitment from Wall Street financial backers, the ProShares Bitcoin Strategy ETF (BITO) started exchanging on the NYSE. In any...

PayPal exploring possible stablecoin

PayPal is showing interest in developing a possible stablecoin. The news broke out when Steve Moser who is a developer took to his Twitter platform and indicated that he saw references of “PayPal Coin” within the company’s iOS app....

Kosovo seizes crypto mining operation as energy situation becomes dire

Cryptocurrency has now become a double-edged sword where on one hand it’s perceived to be promoting decentralized finance. On the other hand, the mining process which is fundamental for the major protocols such as Ethereum and Bitcoin is facing...

Bitcoin trades slightly below the $40,000 mark

Bitcoin is feeling the pressure from bears as it trades below the $40,000 mark for a brief time today. At one point it was priced at 39,827.70, it’s now trading 41,587.10 at the time of writing. Bitcoin is not the...

Mozilla faces backlash over crypto based donations

Mozilla Foundation pulls back on its crypto donating strategy as they face outcry over the move. One of the main reasons behind this action is the fact that cryptocurrency is deemed to be environmentally unfriendly. Mining farms that are sucking...

Coinbase stock trades lower as crypto market cools

As the crypto market cools leaving traders to reshuffle their decks and shine their future prediction orbs. Stocks that are solely dependent on dependent on the crypto market such as Coinbase in this case are feeling the heat at...
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Latest News

Twitter Rebrands to ‘X’

In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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