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China’s State Council Implements Bitcoin Mining BanChina’s State Council has issued a new report identifying Bitcoin mining as a key sector that may cause a slew of ‘financial risks’ for the Chinese economy, the first time that the state organization has issued such a pronouncement aimed directly at the crypto mining sector.The State Council…[Read more]

Litecoin Falls 13% In RoutInvesting.com – Litecoin was trading at $192.821 by 10:20 (14:20 GMT) on the Investing.com Index on Friday, down 12.66% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed Litecoin’s market cap down to $13.891B, or 0.77% of the total cryptocurrency market cap. At its highest,…[Read more]

EOS Falls 12% In RoutInvesting.com – EOS was trading at $5.9470 by 10:18 (14:18 GMT) on the Investing.com Index on Friday, down 12.07% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed EOS’s market cap down to $6.1509B, or 0.34% of the total cryptocurrency market cap. At its highest, EOS’s market cap…[Read more]

China Merchants Bank International Partners with Nervos NetworkChina Merchants Bank International partnered with blockchain network Nervos
They will launch InNervation — a 50 million dollar fund
The fund will focus on early and growth-stage startups building decentralized applications
Open-source public blockchain network Nervos recently a…[Read more]

Cathie Wood Sees BTC Hitting $500K Per UnitCathie Wood of Ark Invest believes bitcoin will reach a price of $500,000. Cathie Wood: Bitcoin Still Has a Solid Future Her words come at a rather “inopportune” time considering the world’s largest and most popular cryptocurrency by market cap has fallen by roughly 33 percent at the time of writi…[Read more]

Cryptos: Bitcoin is ‘a con,’ declarers media luminary Barry DillerAsked to weigh in on the crypto phenomenon, IAC Chairman Barry Diller had this to say: “I think it’s a con.”

US Close – Stocks pare gains after hot data drives taper fears, Oil pares weekly loss, Gold gives up gains after PMI readings, Bitcoin down again on China heatUS stocks reversed course after both hawkish comments from the Fed’s Harker and an impressive flash PMI reading that made another series high, as average selling prices for goods and ser…[Read more]

XRP Falls 10% In SelloffInvesting.com – XRP was trading at $1.11065 by 08:56 (12:56 GMT) on the Investing.com Index on Friday, down 10.18% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed XRP’s market cap down to $51.52910B, or 2.92% of the total cryptocurrency market cap. At its highest, XRP’s market…[Read more]

Bitcoin, Ether Prices Continue Falling on Regulatory FearsCryptocurrency prices dropped, extending the week’s selloff, after fresh comments from Chinese officials spurred fears of a regulatory crackdown.

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Canadian Bitcoin ETFs Facing Issues – Should You Still Buy Crypto?Exchange-traded funds (ETFs)in Canada have faced major issues during the crypto market crash. This has raised alarm concerning the possible approval of Bitcoin ETFs in […]

Sportbet.one: Fair Crypto-Gambling PlatformThe online gambling market has been steadily growing over the last few years, with Zion Market Research estimating that the sports betting industry alone will be at a $155 billion valuation by 2024, implying annual growth of over 10%. The online gambling industry is growing despite having a number of…[Read more]

3 Reasons Why Coinbase Osprey Fund Acquisition Would Make SensePopular US cryptocurrency exchange Coinbase is rumoured to be in talks to acquire asset management firm, Osprey Fund. Osprey currently runs two investment funds and […]

Coinbase Hit with Technical Problems Following BTC CrashThe price of bitcoin has taken another nasty dive, and this means the currency is trading in the $30,000 range. It has now fallen close to $30,000 per unit from its April high of nearly $64,000 and exchanges like Coinbase are experiencing huge technical problems as a result. Coinbase Is…[Read more]

Vitalik: Bitcoin May Get Left Behind Due to Its Power UsageVitalik Buterin said he thinks crypto is in a bubble
Vitalik said Bitcoin may get left behind due to its power usage
In a recent interview, Vitalik Buterin said he thinks crypto is in a bubble. But he doesn’t predict when it will pop.
He also said there is a possibility Ethereum will o…[Read more]

Key Words: Bitcoin bros mock Paul Krugman for comparing the crypto craze to ‘a natural Ponzi scheme’The Nobel Prize-winning economist questions cryptocurrency’s economic role in his latest column

Cardano Falls 12% In RoutInvesting.com – Cardano was trading at $1.694948 by 08:42 (12:42 GMT) on the Investing.com Index on Friday, down 12.01% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed Cardano’s market cap down to $54.061797B, or 3.05% of the total cryptocurrency market cap. At its highest,…[Read more]

Crypto Hedge Funds Bought Bitcoin At ‘A Reasonable Level’ During The Dip: ReportHedge funds specialized in trading cryptocurrencies seemingly treated the latest Bitcoin (CRYPTO: BTC) dump as nothing more than a sale. What Happened: According to a Friday Bloomberg report, former Morgan Stanley (NYSE: MS) trader Felix Dian suggested that hedge funds…[Read more]

Bitcoin ends day on the ropes after China clamps down on mining, tradingNEW YORK/LONDON (Reuters) -Bitcoin extended losses on Friday afternoon, falling more than 11% after China doubled down on efforts to prevent speculative and financial risks by cracking down on mining and trading of the largest cryptocurrency.China’s Financial Stability and…[Read more]

NFT enthusiasts hold firm despite crypto price plungeLONDON (Reuters) -This week’s cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying and selling them, in what could be a setback for the burgeoning digital asset market. But NFT collectors are not bailing out.

Non-fungible tokens – a way of trading…[Read more]

Aussie slips despite solid Retail SalesIt’s been an up-and-down week for the Australian dollar. AUD/USD is in negative territory on Friday, surrendering most of the gains made on Thursday. In the European session, AUD/USD is trading at 0.7756, down 0.25% on the day. Australian Retail Sales beats forecast Retail Sales for March showed a gain of 1…[Read more]