Bitcoin, the world’s largest cryptocurrency, is down by nearly 20% in the last 7 days. BTC investment products saw record outflows last week as $98 million worth of investment left Bitcoin products. According to the latest weekly digital asset report published by CoinShares, investment products related to altcoins attracted $48 million last week. Contrasting to Bitcoin, Ethereum remained the most […]

U.K.-based Argo Blockchain (LSE: ARB) continues to grow its footprint in North America. Last week, the block reward miner announced it completed the purchase of two data centers in Quebec, Canada. The purchase follows an earlier announcement this year that the firm purchased land in Texas to build a digital currency mining facility.   In a press release, Argo CEO Peter Wall […]

While new entrants to Bitcoin markets have been panic selling at a loss, the recent market slide has not vexed the old hands. Heavy selling in response to hints from Elon Musk that Tesla may soon sell its BTC stash saw Bitcoin prices tumble to their lowest levels in 20 weeks as the markets found support near $42,000 on Monday, […]

One of the largest countries in Asia is working on a roadmap that will spark the adoption of digital currencies and blockchain technology. Kazakhstan is working on implementing enabling regulations for the industry at a time when block reward mining in the country has soared. In a recent statement on the country’s Prime Minister Askar Mamin’s website, it was revealed […]

Polygon, a leading platform for Ethereum scaling and infrastructure development, has attracted 75,000 new users over the past seven days, highlighting growing demand for layer-two decentralized applications.  The data, courtesy of DappRadar, shows that the top 20 Polygon decentralized applications, or DApps, were responsible for the increase. In this case, new users refer to active wallets interacting with Polygon DApps. […]

Lightning fast, like most things in Bitcoin and the crypto space, general sentiment in the market seems to have changed. The bears have taken over. BTC’s price has been bleeding and this time suggests further downside. Many “bought the dip” when it BTC was below $50,000 expecting a bounce-back during the weekend towards the familiar $58,000 area. The bounce is […]

Over the past year, people have really rejected the idea that bitcoin is just a speculative tool. Many are now looking at it through a new lens and see it as a hedge tool; something that can keep one’s wealth stable during times of economic strife. Bitcoin Has Been Tanking… The ongoing challenge of inflation – which has been prominent […]

Debra Brookes’ new role with the New York State Department of Financial Services may suggest more of a focus on regulation through enforcement. An attorney who has been working at New York’s Department of Financial Services, or NYDFS, since 2013, Brookes has served in key roles in the department’s Enforcement Division, Financial Frauds and Consumer Protection Division, and Consumer Protection […]