According to billionaire Mike Novogratz, Bitcoin may yet hit $500k in five years. Despite its expansion since its start, the cryptocurrency industry still has many detractors. Still, it also has plenty of enthusiastic supporters, including Mike Novogratz, the CEO of the cryptocurrency investment business Galaxy Digital. According to remarks made by Novogratz at the Bloomberg … Read more
Lido Finance plans to offer its ETH staking services over the L2 network as long as some networks have “demonstrated economic activity.” A cryptocurrency staking service provider, Lido Finance, has revealed ambitions to expand the Ethereum Layer 2 network’s support for staked Ether (stETH). In a blog post published on July 18, the Lido team … Read more
The dominance of Binance over Coinbase and other exchanges is reaffirmed. Along with continuing to expand, it is currently the exchange with the largest holding of Bitcoins worldwide. As the bear market began, Binance and Coinbase’s fortunes stood in sharp contrast to one another. Through a show of force and ongoing hiring, Binance and its … Read more
Many markets and nations are slowly embracing the prospects of cryptocurrencies and blockchain. Unfortunately, it appears that the recent crypto winter slowed down the advancement of these technologies. However, there is still a chance that things will get better after the storm. Thankfully, there are several signs that the cryptocurrency market is still alive. Numerous … Read more
The Dutch Central Bank has fined cryptocurrency exchange Binance $3,3 million for operating without authorization. The central bank published a statement stating that the exchange had violated its laws by offering cryptocurrency services in the Netherlands without registering with the bank, which is illegal. A similar kind of warning was also issued against Binance, labeling its products … Read more
The senators did their research and found that miners make much more coal and release “substantial amounts of carbon.” Some places, like New York, want to stop proof-of-work crypto mining for two years, and others are thinking about doing the same. Democrats in Congress have asked two government agencies to do something about Bitcoin mining … Read more
Edward Dowd, a former executive at Blackrock who is now an investment adviser, has emphasized that despite the recent upheaval in the cryptocurrency market, Bitcoin is here to stay and possesses the traits necessary to be included in the portfolios of all investors. During his appearance on the podcast by Layah Heilpern, Dowd reaffirmed his … Read more
Although Celsius has declared bankruptcy, legal experts believe it may take a while to satisfy customer claims. The situation is further complicated by the lack of clear legal precedents for those interested. Celsius may list some of its customers as unsecured creditors, bringing a fresh round of legal action. The likelihood of Celsius’ creditors retrieving … Read more
After being in the consolidation range for a month, Ethereum has finally broken out. In the last three days, it has gained more than 14 %. Reasons For the Breakout Recently we reported that the Ethereum developers have finally revealed the date for the final Merge event of Ethereum. Following the new, Ether has gained … Read more
Celebrity investor Kevin O’Leary (better known as “Mr. Wonderful” on the ABC television program “Shark Tank”) believes that the crypto market is about to experience a catastrophic capitulation. O’Leary asserted that the cryptocurrency markets risk a big collapse event on July 6 during an appearance on the YouTube series “Meet Kevin,” which will cause additional … Read more