Cryptocurrency News

[ad_1] Grayscale Investments has explained that there may be another 250 days of the current bearish crypto market, citing patterns in previous cycles. In addition, “Bitcoin is 222 days off the all-time high, which means we may see another 5-6 months of downward or sideways price movement,” the world’s largest digital asset manager detailed. Grayscale’s […]

[ad_1] Blockdaemon, a blockchain node infrastructure provider supporting over 50 networks, today announced it has acquired Sepior, a data and digital asset security company focused on institutional-grade cryptographic key management and protection. The terms of the deal were not disclosed. Following the acquisition, Blockdaemon will add the ability to offer institutional customers custodial and non-custodial

[ad_1] Ethereum has rallied considerably over the last week securing close to 53% appreciation. At the moment ETH has managed to break past an important resistance mark of $1500 and flipped it into a support level. The coin maintained a rally after it crossed the $1000 mark, chance of correction still remains on the horizon.

[ad_1] With the transition to a scalable, energy-light proof-of-stake blockchain at play for Ethereum, many have cast doubts on the popular coin’s future, given the magnitude and complexity of the Merge upgrade. But, among prominent stakeholders, one particular project remains heavily bullish on Ethereum’s future, which is none other than layer-two scaling solution Polygon. At

[ad_1] Key Takeaways Zipmex has frozen customer withdrawals citing volatility in the cryptocurrency market. The exchange announced the update in a tweet, confirming withdrawals would be paused “until further notice.” Zipmex is one of several firms to block customers from accessing their deposited funds in recent weeks in response to the market downturn. Share this

[ad_1] Tesla has converted approximately 75% of its bitcoin into fiat currency. The cryptocurrency sales left the electric car company holding digital assets worth $218 million. “We are certainly open to increasing our bitcoin holdings in the future,” Tesla CEO Elon Musk said, adding: “We have not sold any of our dogecoin.” Tesla Sold About

[ad_1] Xago, a South Africa-based blockchain payment platform, announced today support for EUR with the launch of its latest stablecoin – XEU – backed 100% with fiat. XEU enables purchases, transfers, and payouts in euros, securely, compliantly, and within minutes. Recently, Xago also announced the launch of British Pounds, US Dollars, and USDC on its

[ad_1] The crypto bear market of 2022 has spared no digital asset in the space, and stablecoins have been no different. The assets which have always served as a safe haven for investors when it comes to the high volatility of the crypto market had seen a drawdown coming into the new year. As a

[ad_1] Department heads at Coinbase have weighed in on the market downturn amid solvency concerns surrounding Three Arrows Capital, Celsius Network and Voyager Digital, saying the crypto exchange had “no financing exposure” to these companies. In a Wednesday blog post, head of Coinbase Institutional Brett Tejpaul, head of prime finance Matt Boyd, and head of

[ad_1] Key Takeaways Minecraft said today that it would not allow the use of NFTs and blockchain technology on its in-game servers. The development team cited concerns around equality of access and the speculative nature of the NFT market. Minecraft developers at Climate Replay previously expressed concerns around the environmental impact of NFTs. Share this