News

Have you sold all your Bitcoins? Sustainability Versus Risk

Summary Bitcoin has lost almost 50% of its value since April when it hit a high of US$65,000, leading to serious concerns about its future and whet...

Why Is Goldman Sachs Calling Cryptocurrencies A New Asset Class?

Summary Investment bank Goldman Sachs in a note suggested that cryptocurrencies could become a new asset class. Cryptocurrencies suffered a free f...

Musk’s tweet sways cryptocurrencies again, Bitcoin leaps 10%

The prices of various cryptocurrencies went soaring after a tweet from billionaire CEO of Tesla Inc (NYSE:TSLA)– Elon Musk. Overnight, Mr Musk...

Cryptocurrencies Across the World Experience a Free-Fall over the We...

The global cryptocurrency market has suffered considerable losses in the past 24 hours as several of the most prominent digital currencies struggle to...

Post Crypto Crash, What Are Bitcoin's Resistance & Support Levels?

After the cryptocurrency market crash on Wednesday, May 19, Bitcoin (BTC) has settled at its support level of US$ 38,000 for the last two trading days...

Elon Musk Calls for Renewable Energy Audits by Bitcoin Miners

Tesla (NASDAQ:TSLA) CEO and Bitcoin flip-flopper Elon Musk said on Thursday that concerns about Bitcoin’s environmental impact could be addresse...

Crypto Market Rollercoaster: Musk's ‘Manipulation’ Or Frenzied Buyin...

The cryptocurrency market saw an unusual convergence of bearish fundamentals on Wednesday, May 19, triggering a massive plunge across all digital coin...

How did the Latest Crash affect Cryptocurrencies’ YTD Returns?

Summary Several major cryptocurrencies experienced devastating dives yesterday, including Bitcoin and Ethereum. Although many cryptocurrencies los...

Just How Tethered is Tether?

Summary Tether is what’s known as a ‘stablecoin’ which is a crypto somehow tied to an external source like currency or precious r...

Is the wild ride still on for these five cryptocurrencies?

Summary The crypto space seems to have taken a tumultuous U-turn, having enjoyed a one-sided rally since October last year. China has knocked out...

Five cryptocurrencies that lost more than 50% in 24 hours

The cryptocurrency market has collapsed – marking its biggest single day loss in history. Bitcoin crumbled by 30% while Ethereum plummeted 44% -...

Coinbase Stock Hits Record Low As Bitcoin Nosedives

Summary Coinbase stock marked its record low of US$208 in Wednesday’s trading. Bitcoin plunged as much as 29 percent before regaining some o...

Finally, There’s Bitcoin Pizza. But It Doesn't Accept Bitcoin!

Bitcoin has been in the spotlight lately. Despite the volatile nature of the digital currency, crypto enthusiast Anthony Pompliano has come up with a...

Crypto Market Crashes! US$1 Trillion Wiped Off In 5 Days

Virtual currencies plummeted sharply on Wednesday, May 19, leading to a massive sell-off in worldwide crypto markets. Prices of top crypto coins like...

Chinese ban adds to Bitcoin’s woes, price sinks 8%

The prices of Bitcoin tumbled 7.6% after the world’s second largest economy, China, banned financial institutions from offering Bitcoin and all...

Elon Musk’s Flip-Flop Relationship with Crypto Oozes Irony

There have been few relationships that have captured the public’s imagination, like Elon Musk’s relationship with Bitcoin. Brad and Jen. K...

The Domino Effect: How Chia is Boosting the Demand for Hard Drives

Summary Chia, a greener alternative to more energy-consuming cryptos, debuted on the exchange at US$1600 on 3 May 2021. Chia uses a method called...

NFTs Explained: What is a non-fungible token and how does it work?

Summary Cryptocurrencies are talk of the town NFT (non-fungible token), is a unit of data stored in a digital ledger called a blockchain Few NFTs...

Crypto Market Down: Is Elon Musk ‘Pumping & Dumping’?

Tesla’s (US:TSLA, NASDAQ:TSLA) decision to stop accepting bitcoins as payment has worsened an already bear crypto market. Its impact was capture...

Will environmental concerns pave the way for Bitcoin to get greener?

Summary Environmentalists have been criticising bitcoin's energy consumption and its reliance on fossil fuels for a long time. Tesla could take an...