Investors unnerved by the financial strains of a Chinese real estate firm sent cryptocurrencies reeling on Monday, with Bitcoin and other coins tumbling by more than 10%. Although the ultra-scarce cryptocurrency is claimed to be a hedge against catastrophic economic events, there is no telling how the volatile asset could react when it does finally…
Jason Pizzino, the crypto strategist and trader, said he’s keeping a close watch on Polkadot (DOT), Avalanche (AVAX), and two more altcoins as the crypto markets continue to flash signs of strength. In a new analytic video for his 200,000 YouTube subscribers, Pizzino said he expects interoperable blockchain Polkadot to continue surging to around $50…
Almost everyone at his point knows what “decentralized finance” is. However, generally speaking, the DeFi sector has not yet reached the mass adoption stage. In terms of attitude to it, the situation with DeFi now resembles the situation with cryptocurrencies at the very beginning of 2017. It’s important to note the high rankings of such…
The legal status of Bitcoin and other cryptocurrencies differs substantially from country to country, while in some, the status remains undefined or is constantly changing. As more people turn to cryptos as an investment, there are issues manifest as an array of restrictions on their usage. While in the majority of countries, Bitcoin is not…
Breaking crypto news from the last week (11 – 17 Sept. 2021): 11 Sept.: After a tremendous August surge of $4 billion in sales volume on the leading NFT marketplace OpenSea, recent data indicate a metaphoric return from heaven to earth. Over the last week, the sales volume has dropped by almost 50%. 12 Sept.:…
In South Korea, more than 60 cryptocurrency exchanges must notify their customers about a partial or full suspension of trading by Friday midnight, a week before a new regulation comes into effect. The new regulations require exchanges to register with the Financial Intelligence Unit by 24 September, providing a security certificate from the Internet Security…