Cryptocurrency News

Cardano Soars 936% As Investors Gain Cardano was trading at $14.606836 by 01:49 (05:49 GMT) on the Index on Monday, up 936.10% on the day. It was the largest one-day percentage gain ever.The move upwards pushed Cardano's market cap up to $43.941622B, or 3.07% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $71.557257B.Cardano had traded in a range of $1.334206

Theta Fuel (TFUEL): Recent Developments, Community, Future EventsThe effects of future updates on Theta fuel cannot be over-emphasized as the project recently soared in value.The Most prominent of the developments is the forthcoming Mainnet 3.0 update, which is slated for release on 30th June.A further milestone reached by the network is the launch of one-click delegated staking for the Theta web

4 reasons why Paul Tudor Jones' 5% Bitcoin exposure advice is difficult for major fundsIn an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week's consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the founder of Tudor Investment advocated for a 5% Bitcoin (BTC) portfolio allocati

Minneapolis Fed President Neel Kashkari calls DOGE a ponzi Federal Reserve Bank of Minneaopolis President Neel Kashkari took a jab at Dogecoin (DOGE) last week by referring to the meme coin as a ponzi, upping his rhetoric against cryptocurrencies. Kashkari’s comments were in response to a LinkedIn poll by Paul Grewal, the chief legal officer and corporate secretary at Coinbase, asking his connec

Top 5 cryptocurrencies to watch this week: BTC, ADA, THETA, XMR, AMPThe U.S. Federal Reserve’s plans to advance its timeline for rate hikes to 2023 has led to profit-booking in the U.S. stock market, gold, and Bitcoin (BTC). The markets received a second jolt on June 18 after James Bullard, the president of the United States Federal Reserve Bank of St. Louis, warned th the first rate hike could

$71B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017 Malta’s strategy to become a global enclave for digital assets appears to be working, though lax regulatory oversight has raised concerns over money laundering and other financial crime. Roughly $71 billion, or 60 billion euros, worth of cryptocurrencies have passed through Malta since the tiny Mediterranean st

How smart regulation can improve the future of blockchainWith extreme positions on both sides, some would have us believe that decentralized technology and regulation are mutually exclusive. As pervasive as that narrative has become, a more evolved view is that both decentralization and regulation are inevitable, so the best results will flow with regulators and innovators coming together. But wha

Decentralized identity can bring the analog world into the digital oneIt is a given that connected devices need reliable, distributed ledger, technology-based digital identity solutions. That is an essential requirement for the Internet of Things (IoT). In the machine economy, devices must be able to recognize and communicate with one another; robust identity management solutions are key to effect

The “Coinbase Effect” Acts as a Stamp of ApprovalCoinbase listings often dictate which coins gain market acceptance and which don’t.Cryptocurrencies listed on the American crypto exchange experience significant gains before an official listing.A Coinbase listing yields higher returns on investment compared to other exchanges such as Binance or Kraken.Buy the rumor, sell the news is a strateg

Grayscale Considers To Offer 13 New Possible DeFi TokensGrayscale is reportedly considering adding 13 new token to its products.They are considering AAVE, ADA, DOT, ZTX, MKR, and a lot more.MATIC, 1INCH, SOL, ZRX, BNT, and many more were added to its current list.Grayscale, a crypto-asset manager, is reportedly planning to add new tokens for its investment products. The tokens are primarily DeFi p

ETH v BTC: Morgan Stanley Claims They Know Which Is Better and WhyThe debate around the best, most profitable digital asset continues with ETH and Bitcoin leading the pack. Banking giant, Morgan Stanley (NYSE:MS) has thrown its hat into the ring in support of leading Altcoin ether. Bitcoin enthusiasts are still backing their ‘digital gold,’ which remains the largest cryptocurrency, and have

. China Forces Bitcoin Mining Shutdown: EljaBoom Posts VideoCrypto influencer EljaBoom posted on Twitter a video of miners packing up their operations.This could be because of increased crackdowns in China on Bitcoin mining.Only time will tell how the mining shift will impact China’s economy and Bitcoin’s price.Crypto Influencer EljaBoom just posted on Twitter a video of crypto miners i

Bitcoin under threat, El Salvador rejected, Mark Cuban stung, McAfee ‘has nothing’: Hodler’s Digest, June 13–19Hawkish Fed comments push Bitcoin price and stocks lower againThe crypto markets had started the week with a spring in their step.Last Sunday, Elon Musk revealed that Tesla (NASDAQ:TSLA) would be prepared to accept Bitcoin as a payment method again once it could be proved that 50%

. Bitcoin Death Cross 2021 Is Here, but There Is Nothing To FearThe Bitcoin death cross formed on June 19, 2021.The pattern is a bullish indicator that often leads to massive sell-offs.However, the indicator does not always hold true.The dreaded Bitcoin death cross has finally formed with the MA-50 line crossing the MA-200 line yesterday, June 19. Although the pattern typically indicates an

. Instagram Bitcoin Scammer Nabs £120K From British TeacherA retired British teacher loses life savings to a Bitcoin scam.The fraudster placed the ad on Instagram and ran off with a total of £120,000.The authorities say this is one of many similar scams.Teresa Jackson, a 63-year-old retired British teacher, has lost her life savings to a fake Bitcoin investment scheme. In detail, the woma

NFT art galleries: Future of digital artwork or another crypto fad?As nonfungible token (NFT) art continues to develop as an industry, a new trend is quickly emerging: physical NFT galleries featuring digital, nonfungible pieces of unique artwork. Most recently, the largest Bitcoin (BTC) event in history — the Bitcoin 2021 conference — featured a peer-to-peer pop-up NFT art gallery with artwor

UK Bank Bans Binance and Kraken Crypto ExchangesUK bank TSB is banning its customers from buying crypto from Binance and Kraken.The bank claims the exchanges have low-security standards which enable scammers.Also, TSB claims it unsuccessfully tried to contact both exchanges to resolve the issue.UK-based TSB Bank is taking measures to protect its customers from ‘excessively high’ risk associate

. Bitcoin ATMs Are Ready to Ship to El SalvadorEl Salvador ordered some Bitcoin ATMs and it will receive it soon.Will the ATMs convert BTC into fiat?Just a few weeks ago, the Salvadorian Congress passed President Nayib Bukele’s Bitcoin bill. This made El Salvador become the first country to adopt bitcoin as legal tender.Apart from giving BTC legal tender status, the bill also covers sever

Texans Can Buy Crypto At Grocery Stores With Crypto ATMsH-E-B grocery stores will install crypto ATMs in their stores in Texas.Texans can buy over 30 types of cryptos directly with cash or cards.Coin Cloud will be providing the machines.H-E-B introduces crypto ATMs at over 29 locations in the state of Texas. The popular grocery store is installing crypto automated teller machines (ATMs). Coin Clou

Internet Computer (ICP): Recent Developments, Community, Future EventsDFINITY backed Internet Computer is the first blockchain that runs at web speed with unbounded capacity.Dominic Williams (NYSE:WMB), the founder of Internet Computer Protocol (ICP) and Chief scientist at DFINITY, has always been an advocate of ‘the perfect blockchain’ and ICP is fast becoming the technology of the future. Ch

3 reasons why Ethereum may underperform Bitcoin in the short-termEther (ETH) price outperformed Bitcoin (BTC) by 173% from March 28 to May 15. The incredible bull caused the token to reach a $4,380 all-time high. However, as cryptocurrency markets initiated a sharp drop on May 12, the trend started to reverse, and since then, Ether has underperformed by 25%.Some might say it is a technical adjustm

Data suggests the strong US dollar makes Bitcoin weaker argument is flawedAt the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative.For the past few weeks, analysts and influencers have been issuing alerts about this inverse correlation, which held true

Canada’s Hive Blockchain Technologies approved for Nasdaq listing While the SEC continues to slow-roll the listing of a Bitcoin ETF, traders on legacy exchanges eager to get some exposure to crypto will soon have another outlet. In an announcement on Friday, Canada’s Hive Blockchain Technologies revealed that it has received approval to list shares on the Nasdaq stock exchange. Hive currently

Ethereum faces largest ever options expiry as bears appear to dominate Ether (ETH) faces its largest options expiry ever on June 25 as nearly $1.5 billion out of $3.3 billion notional open interest (OI) in ETH options will expire. June’s expiry has over 638,000 ETH options contracts in its purview, accounting for 45% of the total open interest in these options.Although it’s the largest options

A RUNE with a view: How smart crypto traders caught a 48% price pumpDisparities in information access and data analytics tech are what give institutional players an edge over regular retail investors in the digital asset space.The core idea behind Markets Pro, Cointelegraph’s crypto intelligence platform powered by data analytics firm The TIE, is to equalize the information asymmetries that perm