Bitcoin, the world’s most valuable cryptocurrency, is facing tough challenges these days amid negative market sentiment. The digital currency touched a low of nearly $31,000 yesterday. During an interview with Bloomberg, Ken Moelis, an American billionaire and investment banker, said that the recent craze in Bitcoin is similar to the gold rush of 1848. Commenting about the future of the […]

Bitcoin price extended its decline below the $33,000 support zone against the US Dollar. BTC is currently recovering and it must stay above $30,000 to avoid a larger decline. Bitcoin extended its decline below the $33,500 and $33,000 support levels. The price is currently well below $35,000 and the 100 hourly simple moving average. There is a key rising channel […]

Dominic Williams, the founder of Dfinity and its Internet Computer, has slammed the scaling solutions put forward by Polkadot and Ethereum for offering a disjointed user experience. The self-described “blockchain maximalist” criticized Ethereum’s burgeoning ecosystem of second-layer scaling solutions, describing Ethereum as starting to resembling a ridiculously elaborate “Rube Goldberg machine” of “layer-two cloud applications.” Williams asserted layer-twos cause points […]

On June 17, 2021, deep-dive into NFT (also known as a non-fungible token) with The Conference.NFT (online edition) to discover what’s going on in the digital world. Founders of industry-leading blockchain and NFT companies, famous NFT artists and collectors, developers of NFT marketplaces are willing to guide you through the current state of NFTs and their future possibilities. Moreover, our […]

Cryptocurrency lending platform BlockFi is reportedly looking to raise hundreds of millions of dollars in new funding at a valuation of nearly $5 billion, offering further insights into the growth of crypto-focused companies. The company, which was founded in 2017 by Zac Prince and Flori Marquez, is said to be in late-stage talks with new and existing investors to secure […]

The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life person in many use cases. As an identity-centric platform, Concordium takes a different direction by offering complete transparency. “The time has come for […]

Marc Lasry, co-founder and CEO of Avenue Capital Group, believes that despite recent volatility in the crypto market, it likely isn’t going away. In a Tuesday interview with CNBC’s Squawk Box, Lasry said that while the price of Bitcoin (BTC) could go anywhere from $20,000 to $100,000, the market has been established, implying it is unlikely to go to zero. The […]

San Francisco-based fintech firm Ripple has published a proposal to include federated sidechains that will be connected to the XRP Ledger (XRPL). The idea is that each sidechain would operate as its own blockchain thus helping preserve the XRPL’s leanness and efficiency for cross-border payments. Sidechains Will Enable Implementation Of Smart Contracts Without Compromising Focus On Payments In a blog […]

Cryptocurrencies might be anathema for certain members of United States President Joseph Biden’s administration, but that has not stopped one staffer from owning a small fortune in Bitcoin (BTC). According to a report by Politico on Monday, Tim Wu, special assistant for technology and competition policy to the president at the National Economic Council, owns over $1 million in Bitcoin. […]