Bitcoin and Crypto News

Daily expert insights on cryptocurrencies, blockchain, NFTs and more

Bitcoin and Ethereum turning green again: Why is the crypto market pumping?

Oct 26, 2022

It is always the same, when the price is down nobody wants to buy and when it goes up nobody likes to sell. Even more importantly, investors are looking for a reason why the crypto market is recovering all of a sudden. The price for Bitcoin went up by 7% and for Ethereum by 15% overnight. After being tortured by brutal sell-offs for the better part of this year, we are finally seeing some light at the end of the tunnel. Why are Bitcoin and Ethereum leading the charge, and what reasons do have to believe in a recovery?

Cash App lets users pay with Lightning

Oct 26, 2022

Cash App lets users in the United States pay other persons with Lightning, Bitcoin's layer 2-network for fast and cheap payments. It will allow 40 million users to get even more familiar with Bitcoin and Lightning: a nice win for adoption.

Tectonic shifts in the stablecoin market: USDC slowly slides

Oct 25, 2022

When summer started in earnest this year, the second biggest dollar stablecoin, USDC, started losing market share. It was a trend change from a years-long uptrend versus USDT. People were already preparing for 'the flippening': the moment where USDC would surpass the original stablecoin in market cap. What's going on?

Post Merge: How is Ethereum’s supply burn working out?

Oct 25, 2022

Ethereum has successfully shifted to proof of stake over 30 days ago. Many were sceptic about the impact on the network’s security and the long-term perspective. Some even feared that smart contracts could crash and Ethereum could become entirely unreliable. Most of these talking points turned out to be false or the real problem was not as severe as anticipated. With that being said, one specific positive effect was the reason for a pre-Merge rally and after some time has passed its effects are becoming better visible. Is Ethereum’s supply shrinking and will we witness a new era of scarcity of Ether?

Rishi Sunak: Is UK's new prime minister good or bad for crypto?

Oct 25, 2022

The last couple of weeks were a mess for British politics. Some people even started to place bets if a lettuce would outlast Liz Truss. Needless to say, the lettuce won this race. The turmoil was settled yesterday when Boris Johnson clarified that he has no ambition to become Prime Minister again and Rishi Sunak won the race against Penny Mordaunt. Sunak was the former Finance Minister under Boris Johnson, and he turned some heads when he announced plans to turn Britain into a crypto hub earlier this year. But that was in April and Sunak has come a long way since then. What are his plans for crypto and is his term of office good or bad news for its industry?

Crypto crowd disappointed in Apple's new NFT policy

Oct 25, 2022

Apple has released its NFT policy and the NFT community is not pleased. Among other things, Apple wants to keep taxing in-app sales with its standard 30% tax. Onlookers from crypto aren't pleased: 'grotesquely overpriced'.

Mining: Nvidia deactivates controversial LHR feature

Oct 24, 2022

GPU mining is a market that has caused one or more controversies in the past 5 years. When mining became incredibly profitable, many hobbyists joined the rank of professionals and some even managed to start a small business with their rigs. One group of people suffered from that development the most: Gamers. They had to sit and watch all the precious graphic cards going to the miners and when the demand exploded last year, the price for GPUs went through the roof. What is LHR, and why is Nvidia deactivating the controversial feature?

Interpol is surprisingly a part of the metaverse

Oct 24, 2022

The metaverse is a place that is under constant development and not homogenous. It is a collection of several places rather than a single digital space. Meta is trying to transform social media into a metaverse-like experience, and many successful NFT collections have built their own version of the metaverse. Recently, an unlikely player entered the arena and presented itself as a new participant in Web3. Why is Interpol entering the metaverse, and do they need a search warrant to do so?

Successful auction of Azuki's golden skateboards with embedded chip

Oct 24, 2022

Chiru Labs, the company behind top NFT collection Azuki's, successfully auctioned eight golden skateboards for a total value of 2.5 million dollars, paid in ETH. The ownership of these boards is recorded on the Ethereum blockchain.

Sam Bankman-Fried faces heavy criticism for crypto regulation draft

Oct 21, 2022

Sam Bankman-Fried is a billionaire and a crypto icon. His investment firm Alameda Research made him a rich man and eventually, he started his own exchange business several years later. “SBF” is known for his investments into big crypto projects such as Aptos and also for his attempts to recover failed crypto lenders like Voyager or BlockFi who suffered from the contagion effect earlier this year. Bankman-Fried believes that crypto needs regulation and so do many other players in this industry. What was his recent pitch and how was the feedback on his regulatory draft?

Ripple executives are cheering over the Hinman files

Oct 21, 2022

Ripple is still fighting the SEC in court and the trial could soon come to an end. The case started in 2020 and had a severe impact on XRP. The SEC claims that Ripple sold XRP as an unregistered security and many exchanges and brokers delisted XRP from the US market in response. Ever since the case is going back and forth with both parties achieving partial success from time to time. Maybe one of the biggest talking points is the so-called Hinman files and the court came recently to a decision on how to handle those documents. Why are Ripples Brad Garlinghouse cheering in public over those files and why are they so important?

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