Bitcoin Rate Back at the $61,000 Offence
At daybreak of April 10, the bulls began to keenly buy BTC and easily beat the resistance at the $60,000 mark. Less than $1,000 remains to bring a new historical record in the…
The UK Considers Digital Pound Creation
A financial think tank has recommended that the UK government create a digital pound to strengthen London's position as a global trading hub after Brexit. Previously the centre of gravity for Europe's financial…
Institutional Investors Invested $4.5 Billion in Crypto Assets in Q1
Investments in different crypto funds and commodities reached $4.5 billion in the first quarter of 2021, which signifies the persistent growth of investments in the industry by institutional investors. According to a Reuters…
Court Allows Ripple Access to SEC Internal Materials on Cryptocurrencies
Ripple has obtained access to core SEC documents, in which the department conveys its views on the nature and supervision of crypto assets. Ripple still aims to prove XRP does not represent a…
ETH Amount on Crypto Exchanges Hits 19-month Low
The volume of ETH stored on the wallets of crypto exchanges has recorded a 19-month low. The amount of "whales" has also been declining. According to data service Glassnode, on the past Sunday,…
NBA Team Will Pay Player Wages in Bitcoin
The Sacramento Kings, a team participating in the National Basketball Association, will become the first-ever sports team to allow players to receive their wage in cryptocurrency. The owner of the team, Vivek Ranadive,…
Cryptocurrency Market Capitalization Exceeded $2 Trillion
According to data provided by Goingecko, the overall cryptocurrency market capitalization has exceeded the $2 trillion landmark. Evaluation of Coinmarketcap suggests that the market is still estimated marginally lower, at $1.98 trillion. Bitcoin's…
Bank of Japan Initiated Test with Its Own Digital Yen
The Bank of Japan has initiated the opening phase of testing its own virtual currency, which will continue until March 2022. As a part of this stage, the watchdog will test the main…
Ethereum Network Fees Almost Doubled in a Week
Over the past week, commissions for trades on the Ethereum network have soared by a median of 90%, as revealed by the Bitinfocharts statistics service. This transpired after the altcoin grew in price to…
The FCA Revealed Blockchain Recovery Association as a Fraudulent Firm
The UK Financial Conduct Authority has sounded the alarm on a company called the Blockchain Recovery Association masquerading as a legal FCA licensed company. The regulator informed on the rising incidents of cryptocurrency…