Cardano has rewarded its investors with significant gains this year, with a growing number of holders joining the coveted millionaires’ club following the latest ADA price surge. Since the start of the year, the number of millionaire investors in ADA has increased more than 13-fold to 6,710 as of May 17, according to United Kingdom-based
The Ethereum Foundation has published a blog post outlining a potentially catastrophic vulnerability that could have resulted in the mainnet being brought down at a cost of less than five-figures up until the execution of the Berlin hardfork last month. A May 18 blog post describes the vulnerability as having posed “a severe threat against
The global cryptocurrency market cap lost in excess of $350 billion overnight leading into Wednesday, May 19, as Bitcoin (BTC), Ether (ETH) and a majority of the altcoin market lost between 15–30%. Tuesday night’s plunge leaves the global market cap more than $750 billion worse off than it was this time last week. That figure
The United States’ banking regulator, the Office of the Comptroller of the Currency, is set to review cryptocurrency-related rulemaking following Brian Brooks’ departure. Michael Hsu, the newly-appointed Acting Comptroller of the Currency, has requested a staff review of former OCC rulemaking regarding the crypto industry as part of his testimony before the House Financial Services
A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move, cryptocurrency investors will be able to avoid the punitive penalties that
Cuba has witnessed some exciting times in the last few months as far as nationwide digital currency acceptance, but the road toward this goal is still under construction. The country’s central bank recently issued a warning about the rising number of cryptocurrency-related scam cases across the island. Alleged Crypto Scams Are Mentioned in the Alert
To pave the way for greater adoption of non-fungible tokens and bring down the barriers hampering more widespread participation, Polygon is leveraging its parallel network’s proof-of-stake approach to reduce Ethernity Chain’s gas costs. Layer 2 Solution to Make Ethereum-Based NFTs More Accessible Non-fungible tokens (NFTs) remain the talk of the town, intriguing crypto enthusiasts and
Bitcoin (BTC) fell below $40,000 on May 19 as bearish sentiment continued to dictate price direction resulting in the cryptocurrency market losing $350 billion in value. Analysts calm as BTC/USD hits 15-week lows Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it put in lows of $38,500 before bouncing higher. Coming after a week
Today, we’re excited to announce our partnership with the National Bank of Egypt (NBE), the North African country’s largest bank. Through Ripple’s global payments network RippleNet, NBE has connected with the UAE-based financial service provider LuLu International Exchange – part of the LuLu Financial Group – to process cross-border payments from the United Arab Emirates
On May 18, Bitcoin (BTC) and the overall cryptocurrency market faced another round of selling as fear, uncertainty and doubt (FUD) impacted investor sentiment after Reuters and various social media outlets reported that China would ban financial institutions and payment companies from providing services related to cryptocurrency transactions. According to these reports, China also issued
Decentralized finance (DeFi) has emerged as a transformational force for not just the cryptocurrency market, but for financial markets in general in 2021 thanks to the ease of access and security offered by blockchain-based protocols which operate on smart contracts. One project that is looking to take the simplicity of DeFi to the next level
Minnesota Rep. Tom Emmer has reintroduced a bill aimed at preventing the IRS from imposing penalties or fees on crypto taxpayers with forked assets. In an announcement from Emmer on Monday, the congressperson from Minnesota said he had once again introduced the Safe Harbor for Taxpayers with Forked Assets bill in the United States House
As Bitcoin (BTC) tested the $43,000 support for the third consecutive day, whales bought the dip on derivatives exchanges. While there has been no significant price change, the Bitcoin futures premium reached its lowest level in six months. This indicator matches Dec. 11, 2020, when Bitcoin hit a $17,600 low just 10 days after making
A luxury yacht firm has announced it will begin accepting cryptocurrency for its services and expects to see an immediate 40% growth increase from Bitcoin (BTC) payments in the first year. In addition to accepting Bitcoin payments, the firm also announced that it would base its web and mobile services on blockchain technology as it
Bitcoin (BTC) could drop to $29,000 and still be testing current support in line with past dips, claims CNBC’s “Chartmaster.” In an appearance on the network’s “Fast Money” segment on May 17, Carter Worth, Chief Market Technician at Cornerstone Macro, warned that the BTC bottom may be far from in. Pick your average for a
The crypto sector is in a bull market, and frequent evidence comes from anonymous traders who post their five-, six- and seven-figure investment returns as screenshots on Crypto Twitter. This condition creates a FOMO-like situation where everyone gets greedy. The temptation to boost potential earnings by twenty times or more is often irresistible for most