Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
The move to create the third exchange comes off as a proactive effort by the Chinese government to provide the framework for businesses to gain the right financial support from investors.
There are a few key things to also watch out for in Bitcoin this week. The asset passed the $51,000 barrier after multiple attempts to break through $50,000.
The BYD sales number for August tops that of July which came in at 50,492.
The JPMorgan analyst described the stock frenzy as a melt-up situation that does not continue forever.
Kellka expressed his views on the recent network update that was announced by Ethereum’s founder Vitalik Buterin.
According to the CEO, creators can make their own NFTs, list them for trade on the FTX platform, as the crypto exchange plans to open deposits and withdrawals within the next couple of weeks.
The beginning of the year saw investors feeling disappointed with the performance of top IPOs, and the interest rates are still skyrocketing.
The German subsidies would help Tesla with €1 Billion of the €5 Billion it intends to invest in the gigafactory at Gruenheide.
The total valuations of all CryptoPunk NFTs combined have surpassed the valuations for some of the most popular American football teams.
The Phantom protocol has also set a total of 200 whitelist slots, with each slot worth $250, to be Airdropped to the lucky winners.
In recent times, Binance has faced regulatory scrutiny from financial regulators around the world with many of them saying that the crypto exchange lacked the authorization to provide its services to their citizens.
Analyst Willy Woo explains the supply-demand valuation model that predicts that Bitcoin can easily gain more than 5% from the current levels.
Oil and gas companies have always struggled when colliding with a natural gas buildup while drilling for oil. But it seems that Bitcoin mining can be particularly impressive here.
Since the launch of Bitcoin in 2009, the blockchain and crypto space has struggled to solve the blockchain tri-lemma problem, which simply states no blockchain is able to achieve all three of decentralization, security, and scalability at once.
Earlier in May, Bloomberg Senior Commodity Strategist Mike McGlone said that the price dip suggested that Bitcoin and altcoins had “entered the mainstream”. These sentiments are reiterated in the latest Crypto Outlook report.