Now that the dust has settled around Bitcoin’s price, the market makers are turning their heads back to Ether (ETH). The native coin of the Ethereum blockchain network is on a tear this week, reaching an all-time high of more than $2800 on Thursday.
What’s driving the price of this alternative coin (altcoin) which is up more than 270% from the beginning of the year? …
Ouch. The pullback on Bitcoin and other cryptocurrencies stung the mainstream markets this week. But those who have survived some major crypto dips over the years are taking it all in stride.
“Supply [of bitcoin] is growing 2% a year and demand is growing faster. That’s all you really need to know, and that means it’s going higher,” said Bill Miller, chairman and CEO of Miller Value Partners in a CNBC interview this week. “It may not be a straight march to the upside, though, because with bitcoin, volatility is the price you pay for performance.”
So what exactly fueled…
If you haven’t got a clue about what Dogecoin is, it’s time to give it your attention. Because this crypto coin, which started as a joke, is now proving to upend what consumers and businesses define as a “store of value.”
How did this happen? How did a cryptocurrency with nothing but a “meme” of a dog to distinguish it from other “altcoins” (alternative coins) become a bona fide way to pay for goods and services?
The simple answer could be, it’s fun. And for those who eschew the traditional fiat currency system, value doesn’t appear to be defined by…
InstaSwap, the unique and instant cryptocurrency exchange platform, has officially announced a great partnership with STEX (previously known as stocks.exchange) — regulated cryptocurrency trading platform based in Estonia.
Athanasios Zannias, CEO of InstaSwap said:
“We are more than thrilled to announce our Partnership with STEX, one of the most competitive and world’s leading blockchain technology companies. United with STEX we aim to expose our customers to huge liquidity pools, providing access to more than 400 trading pairs by making the process simple and by providing integrated solutions to our customers.”
Vadym Kurylovych, Founder of STEX commented: “Here at STEX we…
What’s the bigger story in the crypto market today? Bitcoin pushing $60,000? Tom Brady’s NFT platform?
It’s Ethereum. While it may not be grabbing all the headlines, this workhorse of a digital platform and its Ether (ETH) coin are turning heads. And guess who is paying attention? Those market movers, the institutional investors who ignited the current Bitcoin frenzy.
Ethereum is the digital network that powers most of the Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) in the crypto universe. …
Let’s do the math.
The total number of Bitcoin (BTC) is currently about 18, 672, 225 coins.
That’s 89% of the total 21 million coins that can be mined in the finite Bitcoin universe.
And in the past week, $52 Billion in BTC was traded daily on average, which represents less than 5% of the total market cap of more than $1.3 Trillion.
So where’s the other 95% of the coins?
Ask the HODLers, those who bought BTC and are holding on as the price of the world’s first digital currency continues to move toward new highs.
Good news for…
April 03, 2021 The global cryptocurrency exchange STEX announced today its Birthday Trading Competition in which the top 10 traders can earn $3,000 in USDC from the largest in history of STEX $30,000 reward pool.
The competition runs from 04 April 2021 to 25 April 2021.
The top 10 traders with total volume (buy plus sell) will receive a reward according to their ranking in the competition. Participants will be ranked in a descending order of total trading volume on ANY trading pair. STEX will credit rewards directly to each winners’ USDC wallets on STEX.com accounts.
An innovative and secure means of verifying cryptocurrency transactions could be achieved using a combination of SWIFT Messages and Blockchain, says Vadym “VK” Kurylovych, founder of the global cryptocurrency exchange STEX.com. This solution, which could accelerate the mass acceptance of cryptocurrency was unveiled during the ISO 20022 Hackathon, which was held late March.
“The tremendous demand worldwide in cryptocurrencies calls for improved and streamlined processes to verify the identity of persons involved in transactions,” VK said. “We believe our solution which relies on existing infrastructure rather than creating another layer red tape is the solution.”
VK and a team of…
Let’s face it, after the past few months, Bitcoin will never be the same again. Because as he has done for the auto industry and space exploration programs, Elon Musk is innovating the way the first digital currency is perceived on the world stage.
Like the “Oracle of Omaha,” as billionaire investor Warren Buffett is known, when Musk speaks, the market moves. The price of Bitcoin jumped after Musk announced in February that the electric car company invested $1.5 Million in the crypto coin. …
Heads up, crypto holders. The world’s financial giants are moving in. They’re finally dipping more than their fiat toes into the digital currency waters. And for the “retail investor” as you, an individual trader is called, who has been buying and holding Bitcoin and other digital currencies, this could be a very good thing.
After more than a year of cautiously issuing equivocal guidance, banking giant JPMorgan recently made two significant moves signaling it’s ready to enter the crypto market in force. This week, the bank announced it would offer clients a Bitcoin investment option via a “Cryptocurrency Exposure Basket.”