Over 55,000 Bitcoin options contracts valued at about $2.1 billion expired on Friday, according to data from Skew Analytics. Based on the data, Deribit, the most popular Bitcoin options exchange had the largest quantity of contracts that expired, totalling 48,469 bitcoin contracts worth $1.95 billion. By definition, Bitcoin options are derivatives agreements that enable buyers […]
Bitcoin’s price rallied on Wednesday as it soared to $40,000, setting a new weekly high. The crypto market’s top dog increased to $40,800 at press time, making a significant recovery from its low of $31,000 on May 23rd. Although the price is still far from its ATH of $63,000 earlier this year, it has still […]
Input-Output Hong Kong, one of the companies backing the Cardano blockchain endorsed the launch of its new smart contract, Alonzo. Alonzo’s launch will happen in many phases and each phase would be marked by a colour. Presently, this phase is blue, followed by Alonzo white then Alonzo purple. The procedure is estimated to take 90 […]
The Digital Forensics team of the Internal Revenue Service (IRS) is on a hunt for the tools for cracking crypto wallets to “tame the cybersecurity research into measured, repeatable, consistent digital forensics processes.” As more of the United States’s populace get enlightened about cryptocurrency and delve into trading and making purchases with crypto assets, the […]
In recent months, Iran has witnessed a surge in power consumption. The current Iranian calendar year started on 21st March and in just a month, the electricity consumption was up 22%. Presently, it has gone up by about 8000 MW, compared to what it was at the beginning of the year. This rising power consumption […]
The US Department of Treasury recently declared in a report on Thursday that “as with cash transactions, businesses that receive crypto assets with a fair market value of more than $10,000 would also be reported on.” The treasury said it was a tax compliance protocol, further stating that cryptocurrency was increasingly becoming a way for […]
Cardano’s founder Charles Hoskinson has offered Elon Musk his opinion on how to “fix” Dogecoin. In a recent video posted on Twitter, Hoskinson advised the Tesla CEO on how to strategically upgrade the meme coin so it could turn out to be “the currency of Earth.” Notably, Hoskinson founded the Ethereum blockchain with Vitalik but […]
On Wednesday, an unusual combination of bearish news led to a startling crash of cryptocurrency prices. Bitcoin’s price had previously reached an all-time high of $64,895 on the 14th of April 2021 but it dipped to a low of $30,066 yesterday 19th of May in barely five weeks, recording a huge 53% loss during the […]
In the space of just 24 hours, the cryptocurrency market has recorded liquidations worth $500 billion as over 249,955 traders lost a huge chunk of their holdings. For the first time in months, Bitcoin’s price dipped below $45,000 after Tesla CEO Elon Musk announced in a tweet that Bitcoin would no longer be accepted as […]
Decentralized cloud company Dfinity’s Internet Computer project has already gotten the cryptocurrency world buzzing with excitement after its launch about a week ago. Internet Computer (ICP) token made a grand entrance into the blockchain world by ranking #4 on CoinMarketCap, barely 4 days after it launched with a total market capitalization of $34.6 billion. Still, […]
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