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Mike Novogratz: BTC Will Stay Down for a WhileMike Novogratz – a bitcoin bull, billionaire investor and former hedge fund manager – took some time to discuss the most recent bitcoin drop, saying that it was a “liquidation event.” Novogratz: Bitcoin Will Undergo a Serious Correction The currency – which was trading at $64,000 per unit just a mo…[Read more]

Blockfi Screwed Up: The Generous Present Of Over 700 BTCCentralization concerns are still apparent for many early Bitcoiners. DeFi has streamlined cash flow through a trustless network; however, CeFi, which operates similarly to a centralized financial entity, grants fund security. Thus, platforms such as BlockFi, Nebeus, or other centralized…[Read more]

EOS Tumbles 21% In Bearish TradeInvesting.com – EOS was trading at $5.3754 by 10:40 (14:40 GMT) on the Investing.com Index on Friday, down 20.52% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed EOS’s market cap down to $5.4206B, or 0.33% of the total cryptocurrency market cap. At its highest, EOS’s…[Read more]

Bitcoin Falls 10% In RoutInvesting.com – Bitcoin was trading at $37,535.3 by 10:37 (14:37 GMT) on the Investing.com Index on Friday, down 10.19% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed Bitcoin’s market cap down to $715.5B, or 43.47% of the total cryptocurrency market cap. At its highest,…[Read more]

Polygon (MATIC) skyrocketing: why and what’s next?Scalability issues and resistant blockchain networks are the impediments to enabling mass adoption. Ethereum has been scrutinized as early as 2017 when Cryptokitties clogged the network. As a result, sequencing in the blockchain space has operated to enhance network capabilities and provide f…[Read more]

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]

Ethereum Tumbles 20% In RoutInvesting.com – Ethereum was trading at $2,202.01 by 17:09 (21:09 GMT) on the Investing.com Index on Friday, down 20.19% on the day. It was the largest one-day percentage loss since May 21.

The move downwards pushed Ethereum’s market cap down to $260.86B, or 17.28% of the total cryptocurrency market cap. At its…[Read more]

Litecoin Tumbles 20% In Bearish TradeInvesting.com – Litecoin was trading at $168.290 by 16:18 (20:18 GMT) on the Investing.com Index on Friday, down 20.10% on the day. It was the largest one-day percentage loss since May 21.

The move downwards pushed Litecoin’s market cap down to $11.452B, or 0.75% of the total cryptocurrency market cap. At its…[Read more]

XRP Falls 10% In Selloffnvesting.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]

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]

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]

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

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]

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]