Bitcoin hits $40,000, wiping out combined with ETH $160 million of shorts

    Bitcoin and other cryptocurrencies rallied on Friday, reversing losses from a few days ago. Ether (ETH), the world’s second-largest cryptocurrency, gained 13% over the past 24 hours, while an 11% rise in BTC and the NEAR token surged as much as 20%. The rise in altcoins relative to Bitcoin could reflect a greater appetite for…

    Saudi Arabia ranked third among Arab crypto users
    05 Feb 2022
    729 Views

    Saudi citizens took third place in the Arab world in terms of cryptocurrency owners. Egypt ranked top by the number of crypto users, while Morocco ranked second. According to a study published by crypto analytics company TripleA, 453,000 Saudis in total own crypto assets, ranking third among the Arab countries, Saudi Gazette reported. Egypt ranked…

    Dogecoin: It’s Time to “Settle Down”
    05 Feb 2022
    702 Views

    The Dogecoin team is turning the most famous meme coin into a serious crypto project, as the Dogecoin Foundation, together with Vitalik Buterin (the creator of Ethereum), has announced the first-ever DOGE roadmap for 2022. The main point outlined there is Dogecoin switching to the Proof-of-Stake algorithm. Ever since its inception in 2013, the Dogecoin…

    Incredible  adventures of Ukrainian CBDC
    31 Jan 2022
    653 Views

    Ukraine is a country of the most amazing possibilities, including three blockchain versions of the national currency being created at once. It’s time for an absolutely amazing story of how, as it turns out, not in every country national banks control local currency. On December 14, we learned that Tascombank – one of the oldest…

    New Economic Environment for Cryptocurrencies
    30 Jan 2022
    785 Views

    The unprecedented current economic situation seems to increasingly prove numerous analysts’ predictions and forecasts of market behavior wrong. Let’s take a look at what is happening at the macroeconomic level and how it affects the crypto market. As you may recall, the emergence of Bitcoin (and therefore all cryptocurrencies) was a response to the financial…

    Fantom beats BSC, becoming the third-largest DeFi protocol
    25 Jan 2022
    796 Views

    Fantom (FTM) surpassed Binance Smart Chain (BSC) over the weekend to become the third-largest decentralized finance (DeFi) ecosystem by total value locked (TVL), as the value locked on DeFi-focused projects built on Fantom surged 52% in the past week. Ethereum remains the top DeFi protocol by value locked. On Monday, more than $12.2 billion worth…