Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Last week, in another major effort to crack down on crypto, the Chinese central bank – People’s Bank of China (PBoC) – declared crypto transactions as illegal. This move seems to have a little effect on local investors who continue to show the skin in the game. Speaking to Bloomberg, some of the local investors
Last week, in another major effort to crack down on crypto, the Chinese central bank – People’s Bank of China (PBoC) – declared crypto transactions as illegal. This move seems to have a little effect on local investors who continue to show the skin in the game. Speaking to Bloomberg, some of the local investors
The month of September 2021 has been full of turbulence and volatility for Bitcoin investors. The Bitcoin (BTC) price has been on a continuous downward trend and has corrected more than 15% since the beginning of this month. The Bitcoin on-chain fundamentals continue to show strength. On-chain data provider Santiment reports that Bitcoin supply at
The month of September 2021 has been full of turbulence and volatility for Bitcoin investors. The Bitcoin (BTC) price has been on a continuous downward trend and has corrected more than 15% since the beginning of this month. The Bitcoin on-chain fundamentals continue to show strength. On-chain data provider Santiment reports that Bitcoin supply at
SEC Chairman Gary Gensler is certainly not having a good time with the recent boom in the crypto space. The SEC chief issued yet another stern warning to crypto exchanges and firms staying out of the regulatory purview. Thus, he hinted that crypto firms are more likely to succeed if they submit to regulatory rules
SEC Chairman Gary Gensler is certainly not having a good time with the recent boom in the crypto space. The SEC chief issued yet another stern warning to crypto exchanges and firms staying out of the regulatory purview. Thus, he hinted that crypto firms are more likely to succeed if they submit to regulatory rules
Leading decentralized exchange (DEX) dYdX has recently seen a strong surge in trading volume. Popular crypto analyst Colin Wu reported that the dYDx transaction volumes in the last 24 hours surpassed 4.28 billion, surpassing the leading crypto exchange Coinbase for the first time. According to CoinMarketCap data, the dYdX transaction volume in the past 24
Leading decentralized exchange (DEX) dYdX has recently seen a strong surge in trading volume. Popular crypto analyst Colin Wu reported that the dYDx transaction volumes in the last 24 hours surpassed 4.28 billion, surpassing the leading crypto exchange Coinbase for the first time. According to CoinMarketCap data, the dYdX transaction volume in the past 24
While Bitcoin (BTC) has remained volatile for most of September 2021, the developments taking place with the Bitcoin Lightning network are going strong. As we know, the Bitcoin Lightning Network is a “layer 2” payments protocol designed atop the Bitcoin blockchain network. There’s an exponential growth in the Bitcoin Lightning Network capacity which has now
While Bitcoin (BTC) has remained volatile for most of September 2021, the developments taking place with the Bitcoin Lightning network are going strong. As we know, the Bitcoin Lightning Network is a “layer 2” payments protocol designed atop the Bitcoin blockchain network. There’s an exponential growth in the Bitcoin Lightning Network capacity which has now
Last Friday, September 24, China intensified its crackdown on crypto making all crypto-related transactions illegal in the country. The investors’ reaction was obvious as the crypto market plunged immediately following the news. But it seems like Bitcoin whales care a little about the recent China ban. As of press time, Bitcoin (BTC) is trading 4.5%
Last Friday, September 24, China intensified its crackdown on crypto making all crypto-related transactions illegal in the country. The investors’ reaction was obvious as the crypto market plunged immediately following the news. But it seems like Bitcoin whales care a little about the recent China ban. As of press time, Bitcoin (BTC) is trading 4.5%
Over the last two hours from press time, the crypto market has collectively lost a staggering $150 billion with a sharp 5% drop. This comes amid China’s intensified crackdown on digital assets and declaring crypto transactions as illegal. On Friday afternoon, September 24, the People’s Bank of China (PBoC) said that the latest decision was
Over the last two hours from press time, the crypto market has collectively lost a staggering $150 billion with a sharp 5% drop. This comes amid China’s intensified crackdown on digital assets and declaring crypto transactions as illegal. On Friday afternoon, September 24, the People’s Bank of China (PBoC) said that the latest decision was
On Thursday, September 23, Kentucky’s securities regulator asked crypto lender Celcius to immediately stop offering its interest-paying accounts in the state. The cease and desist order coming from the Kentucky Department of Financial Institutions notes that Celcius offered unregistered securities to its customers. The regulator noted that Celcius has violated the state law and didn’t
On Thursday, September 23, Kentucky’s securities regulator asked crypto lender Celcius to immediately stop offering its interest-paying accounts in the state. The cease and desist order coming from the Kentucky Department of Financial Institutions notes that Celcius offered unregistered securities to its customers. The regulator noted that Celcius has violated the state law and didn’t
The overall crypto space has bounced back strongly amid the global market recovery on Wednesday led by positive Fed commentary. It’s the altcoin space that’s leading the crypto market rally by adding $100 billion to the overall crypto market. The world’s second-largest cryptocurrency Ethereum (ETH) is showing healthy gains shooting 10% and moving past $3,100
The overall crypto space has bounced back strongly amid the global market recovery on Wednesday led by positive Fed commentary. It’s the altcoin space that’s leading the crypto market rally by adding $100 billion to the overall crypto market. The world’s second-largest cryptocurrency Ethereum (ETH) is showing healthy gains shooting 10% and moving past $3,100
The sports industry has been one of the fastest adopters of the NFT revolution in the market. This industry has unlocked the major utility of NFT in sports thereby driving further the collectors’ economy. On Wednesday, September 22, Dapper Labs, the creator of the popular fantasy basketball NFT game – NBA Top shot – raised
The sports industry has been one of the fastest adopters of the NFT revolution in the market. This industry has unlocked the major utility of NFT in sports thereby driving further the collectors’ economy. On Wednesday, September 22, Dapper Labs, the creator of the popular fantasy basketball NFT game – NBA Top shot – raised
After a solid bull run during the last month of August, the crypto market entered a strong correction in September. From the September high of $52,701, Bitcoin (BTC) has crashed more than 20% moving under $42,000 as of date. Historically, September has been the month of strong volatility over the last decade, wherein Bitcoin and
After a solid bull run during the last month of August, the crypto market entered a strong correction in September. From the September high of $52,701, Bitcoin (BTC) has crashed more than 20% moving under $42,000 as of date. Historically, September has been the month of strong volatility over the last decade, wherein Bitcoin and
Monday’s market crash resulted in billion-dollar liquidations in the crypto space. The Bitcoin (BTC) plummeted under $45,000 that day, however, a network glitch on the Pyth platform showed that the BTC price plummeted 90% dropping all the way to $5,400. The crypto data network Pyth is run by some of Wall streets biggest players. Besides,
Monday’s market crash resulted in billion-dollar liquidations in the crypto space. The Bitcoin (BTC) plummeted under $45,000 that day, however, a network glitch on the Pyth platform showed that the BTC price plummeted 90% dropping all the way to $5,400. The crypto data network Pyth is run by some of Wall streets biggest players. Besides,
In the freshly brewing battle between Coinbase and the SEC, the securities regulators seem to be winning as of now. Last Friday, September 17, crypto exchange Coinbase (NASDAQ: COIN) released an update stating that it will roll back its plans to launch the USDC APY program. This happens as the U.S. SEC threatened a lawsuit
In the freshly brewing battle between Coinbase and the SEC, the securities regulators seem to be winning as of now. Last Friday, September 17, crypto exchange Coinbase (NASDAQ: COIN) released an update stating that it will roll back its plans to launch the USDC APY program. This happens as the U.S. SEC threatened a lawsuit
This week started with a bloodbath on Satoshi Street with Bitcoin and altcoins eroding investors’ wealth after rallying for past few weeks. Amid the strong volatility this month, a group of investors’ advocates wrote to the U.S. SEC on Monday, to amp up the crackdown on the crypto market. These groups include the Americans for
This week started with a bloodbath on Satoshi Street with Bitcoin and altcoins eroding investors’ wealth after rallying for past few weeks. Amid the strong volatility this month, a group of investors’ advocates wrote to the U.S. SEC on Monday, to amp up the crackdown on the crypto market. These groups include the Americans for
As the overall crypto space enters a deeper correction, nearly $250 billion have been eroded from the overall crypto space. Bitcoin (BTC) alone has contributed to over $90 billion in investor wealth erosion. As of press time, Bitcoin (BTC) is trading 7.5% down at a price of $43,841 and a market cap of $819 billion.
As the overall crypto space enters a deeper correction, nearly $250 billion have been eroded from the overall crypto space. Bitcoin (BTC) alone has contributed to over $90 billion in investor wealth erosion. As of press time, Bitcoin (BTC) is trading 7.5% down at a price of $43,841 and a market cap of $819 billion.
Throughout the month of September, Bitcoin (BTC) along with the overall crypto market has remained volatile. As of press time, Bitcoin (BTC) is trading ~5% down at a price of $45,755 and a market cap of $861 billion. Steve Hanke, an economist at Johns Hopkins University has lashed out at Bitcoin in a recent attack.
Throughout the month of September, Bitcoin (BTC) along with the overall crypto market has remained volatile. As of press time, Bitcoin (BTC) is trading ~5% down at a price of $45,755 and a market cap of $861 billion. Steve Hanke, an economist at Johns Hopkins University has lashed out at Bitcoin in a recent attack.
On Thursday, September 16, the world’s second-largest cryptocurrency Ethereum (ETH) rallied all the way to $3,700. Even today, ETH continues to hold $3500 levels strongly. However, the Ethereum supply dynamics at the exchanges tell an interesting story. As per data from IntoTheBlock, the total number of ETH leaving the exchanges has hit a new record
On Thursday, September 16, the world’s second-largest cryptocurrency Ethereum (ETH) rallied all the way to $3,700. Even today, ETH continues to hold $3500 levels strongly. However, the Ethereum supply dynamics at the exchanges tell an interesting story. As per data from IntoTheBlock, the total number of ETH leaving the exchanges has hit a new record
Proof-of-stake (PoS) blockchain network Avalanche is getting major recently with its native AVAX token gaining 50% over the last week. Earlier today, the AVAX token jumped another 12% moving all the way to $68 and entering the list of top 15 cryptocurrencies by market cap. Since the market crash of mid-July, AVAX has gained 6x
Proof-of-stake (PoS) blockchain network Avalanche is getting major recently with its native AVAX token gaining 50% over the last week. Earlier today, the AVAX token jumped another 12% moving all the way to $68 and entering the list of top 15 cryptocurrencies by market cap. Since the market crash of mid-July, AVAX has gained 6x
One of the largest NFT trading marketplaces OpenSea recently admitted insider trading by its executives. The OpenSea executives were using proprietary information to benefit from the NFT sales. These employees reportedly purchased items before being publicly displayed. The head of Product Nate Chastain, supposedly behind it, has been removed from his position. In its official
One of the largest NFT trading marketplaces OpenSea recently admitted insider trading by its executives. The OpenSea executives were using proprietary information to benefit from the NFT sales. These employees reportedly purchased items before being publicly displayed. The head of Product Nate Chastain, supposedly behind it, has been removed from his position. In its official
Retail investors need to beware as Bitcoin’s millionaire-tier whale addresses might be playing around with them! As per data from Santiment, Bitcoin’s millionaire-tier whale addresses holding between 100 to 10K Bitcoin dumped their BTC holdings during September 6-7. As the BTC price tanked nearly 15% under $45,000 followed by retail profit booking, these whales purchased
Retail investors need to beware as Bitcoin’s millionaire-tier whale addresses might be playing around with them! As per data from Santiment, Bitcoin’s millionaire-tier whale addresses holding between 100 to 10K Bitcoin dumped their BTC holdings during September 6-7. As the BTC price tanked nearly 15% under $45,000 followed by retail profit booking, these whales purchased
