It seems that cryptocurrency users and investors are more interested in Cardano (ADA) than Bitcoin (BTC). Cardano is now a potential Ethereum killer compared to other altcoins. Data from Google Trends shows that search frequency for the word Bitcoin has dropped to a 9-month low, which could be due to its low performance in the market. The greatest interest for […]

Budweiser has bought the Ethereum domain name “beer.eth” along with an NFT bottle rocket from the Tom Sachs Rocket Factory collection.  Budweiser Buys NFTs Another multi-billion dollar company has bought into NFTs. The @budweiserusa Twitter account changed its profile picture to a Budweiser-themed rocket from the Tom Sachs Rocket Factory NFT collection Monday evening, indicating that it had bought the […]

Bitcoin, the pioneer cryptocurrency, has been recovering from the price slump that saw it drop to as low as about $29,000 from its all-time high of $64,846 reached in April. Its recent price performance has seen it rally some 44% in the last one month to reach a high of over $50,000 on Monday – a price last traded at […]

Digital asset exchange Gate.io exceeded $420 million in daily trading volume in August 2021 for its leveraged ETFs offering, accounting for 53% of the total spot trading volume on Gate.io for the day. After 15 years of use in traditional financial markets, leveraged ETFs have entered the cryptocurrency market. Investors leverage small investments to generate large returns, diversify the risks […]

United States-based crypto exchange Kraken is following the footsteps of rival Coinbase and is planning to expand its services in Europe.  In an interview with German business daily The Handelsblatt, Kraken Co-Founder and CEO, Jesse Powell revealed that the crypto exchange is attempting to gain a European regulatory license and is planning to achieve it by the end of this year. “We […]

Ethereum (ETH) is resuming an upward move after the recent collapse. Today, the uptrend is stuck at resistance at $3,225. Over the past 48 hours, buyers have made a concerted effort to break out above the recent high. However, in the last two days, Ether has moved down between the $3,165 and $3,225 levels. Upside is likely if current support […]

Earlier today, Cardano’s $ADA token started trading for the first time ever on a Japanese exchange, which means that the residents of Japan (a country with a population of around 126 million) can invest more easily in $ADA. Sebastien Guillemot, CTO at dcSpark, as well as former Co-VP of Eng. & Cardano PM at EMURGO, said that $ADA has finally […]

Seung-beom Koh, a nominee for chairman of South Korea’s Financial Service Commission (FSC), does not regard cryptocurrencies as a financial asset.  In a press meeting with local journalists, Seung-beom said that fintech experts from prominent organizations such as the G20, the International Monetary Fund and others “find it difficult to see virtual currencies as a financial asset, and think they […]

Digital asset service providers must observe all the reporting requirements outlined by financial laws, the Mexican government has reiterated in its latest warning. These requirements apply whether the firm is located in Mexico or overseas. The Mexican government reminded the firms of their obligations via its Money Laundering Prevention Portal. These obligations include having to report any transaction that exceeds […]