10 common crypto terms you need to know

    Let’s take a look at some of the most common cryptocurrency lingo, invites Kim Komando from FOX News. Despite Bitcoin launching way back in 2009, it’s only until recently that you can’t turn on the news or browse the web without coming across some mention of cryptocurrency. I got so many questions from my readers…

    Crypto Trends Weekly Nov. 13 – 19

    Breaking crypto news from the last week (Nov. 13 – 19, 2021): Nov. 13: The US Securities and Exchange Commission (SEC) has rejected a proposal to launch a spot Bitcoin exchange-traded fund (ETF) that would actively track the price of BTC. Cboe BZX exchange had applied back in March; however, the SEC stated that not…

    El Salvador plans to build a ‘Bitcoin City’ and mine crypto using volcano energy

    El Salvador announced Saturday plans to create a “Bitcoin City” near a volcano funded by the cryptocurrency, the President said. Also, the country plans to partner with Blockstream, a digital assets infrastructure company, to raise about $1 billion via a “Bitcoin Bond.” The Central American nation plans to build a “Bitcoin City” near the Conchagua…

    The NFT Bay ‘pirate’ website sparks controversy over NFTs

    A critic of non-fungible tokens has created The NFT Bay, a site that mimics the Pirate Bay, to distribute NFT images in bulk. It was started by digital nomad Geoffrey Huntley to state the shortcomings of NFTs. The NFT Bay has only copied publicly available images; still, the copyright issues around this are unclear. As…

    Jack Dorsey introduces tbDEX – decentralized Bitcoin exchange proposal

    US Payment giant Square released Friday the whitepaper of its decentralized Bitcoin exchange proposal (tbDEX). Jack Dorsey’s tbDEX is proposed to offer a direct way for people to convert their fiat into Bitcoin without having to go through multiple platforms. According to a statement posted on the website, Square’s Bitcoin business TBD released the whitepaper…

    Mixing oil and water

    The current situation in the financial market is like oil and water. The blockchain-based digital economy does not mix with the fiat economy and old finance. With one exception – CBDCs. But what future awaits them? “Over the past few years, I had some run-ins with regulators. And there are two sides to this coin….

    Crypto exchange Gemini raises $400 million in funding, hitting a $7.1 billion valuation

    One of the world’s leading crypto exchanges, Gemini, has secured $400 million in a recent investment round led by Morgan Creek Capital. The funding round values the company at $7.1 billion. Gemini also plans to invest heavily in alternative metaverse proposals. Gemini, the cryptocurrency platform and exchange founded by twins Cameron and Tyler Winklevoss, has…

    Bitcoin’s drop to $56,000 may have been the local bottom

    After a fantastic price run hit a new all-time high of over $69,000 on November 10, Bitcoin’s price to drop to $55,705 just 9 days later. Though, Marcel Pechman sees 3 reasons why that significant drop may have been the local bottom. Bitcoin has been on a fantastic price run since the announcement of the…

    JPMorgan’s Crypto Ambiguity

    Investment bank JPMorgan Chase has a notoriously uncertain attitude towards cryptocurrencies. On the one hand, the administration’s stance on the issue is very negative. On the other hand, the bank actually launched its own stablecoin – JPM Coin. It’s meant to satisfy the bank’s corporate clients who want access to digital money. JPMorgan Chase’s $…

    Acala wins first Polkadot parachain auction with $1.3 billion raised

    Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured first place in Polkadot’s parachain auctions, with over 81,000 stakeholders locking up their funds in the crowd loan. As a result, the upcoming Polkadot DeFi hub raised nearly $1.3 billion from approximately 25,000 contributors in its token ICO. The first coveted Polkadot parachain slot was…