Month: April 2021

Unlocking Cryptocurrencies: Growth, Opportunities and Limitations

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HomeNewsCrypto NewsUnlocking Cryptocurrencies: Growth, Opportunities and Limitations As one of the most hyped technologies this past decade, cryptocurrencies have been recognized as the gateway to unlocking revolutionary change in business operations. By the year 2030, Gartner estimates blockchain will have generated $3.1 trillion. Reflecting on some recent events in the crypto industry, Ethereum has reached $2.6K, which is an all-time high for the currency. However, Bitcoin’s soaring numbers experienced a fall and its market cap dominance is just under 50%, the lowest value it has reached in almost three years. …

Dogecoin Soars while Bitcoin Rebounds

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HomeNewsCrypto NewsCryptocurrency Price Round-up: Dogecoin Soars while Bitcoin Rebounds This past weekend, Cryptocurrency coins experienced a downfall in prices after hitting all-time highs in the last couple of weeks. The market tanked early on Sunday morning, with Bitcoin taking the most extreme hit as it dropped $10K within a few hours. Dogecoin was the least affected crypto on the market, in comparison to others. It endured a minor dip and recovered shortly after with 12% gains by the end of Sunday. Other changes also occurred in the market such as…

Mergers and acquisitions are rising, leaving crypto assessments in question

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Fintech, cryptocurrency and mergers and acquisitions are poised to intersect significantly in the coming year. M&A activity is expected to rebound quickly — more than 60% of decision-makers at large companies who were surveyed by FTI Consulting for a February report agree that their company has recently been a target of aggressive M&A, and 39% say their companies are looking at M&A as a result of the COVID-19 pandemic. At the same time, the cryptocurrency market is making strides toward mainstream acceptance. As a result, there’s likely to be an…

ETH bonanza as three North American Ethereum ETFs approved in one day

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While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as regulators have approved three different Ethereum ETFs in a single day.  Purpose Investments, Evolve ETFs, and CI Global Asset Management were all approved by Canadian regulators to launch Ethereum-backed ETFs today. The ETFs will be the first ETH ETFs in North America, and among the first in the world.  Some observers noted that all three being…

Protocol upgrades and Google Cloud integration lift EOS price 245% in 2021

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On April 16 EOS price soared to a new high at $8.49 and the current market structure for the altcoin suggests there is room for further upside. EOS initially made headlines during the ICO craze of 2018 when its parent company Block.one raised a record $4 billion in funding to create the EOSIO software and in the past three months, the altcoin has nearly tripled in value.  Data from Cointelegraph Markets and TradingView shows that since trading at a low of $2.43 on Jan. 27, the price of EOS has…

BTC, ETH, BNB, XRP, DOGE, ADA, DOT, LTC, UNI, LINK

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Dogecoin’s (DOGE) massive rally to $0.45 propelled it to a market capitalization of over $54 billion to make it the fifth most valuable cryptocurrency by market cap. This lofty market cap comes as a surprise to many since the project has no active developers and is only a meme coin, thus the current rally brings back memories of the excesses seen during the ICO boom in 2017. Rallies like the one seen in Dogecoin indicate that several traders have entered the fray and are looking to get rich overnight. The only…

Binance Burns $600 Million Worth of BNB Tokens

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Key Takeaways Binance has completed its fifteenth quarterly Binance Coin (BNB) burn, a regular practice that keeps the coin’s value strong. The burn removed more than 1 million BNB from circulation, an amount worth more than $600 million. This could push the price of BNB to a new all-time high of $750. Share this article Binance has burned more than $600 million U.S. dollars worth of Binance Coin (BNB), setting the cryptocurrency up for further gains.  Over 1 Million Tokens Burned  The world’s largest cryptocurrency exchange by trading volume, Binance,…

Cardano Leader Calls Dogecoin Bubble Dangerous

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Key Takeaways Cardano leader Charles Hoskinson has warned that Dogecoin’s recent market rally could have a negative outcome. He suggests that the Dogecoin bubble could attract attention from lawmakers and regulators if and when it bursts. Hoskinson even promoted Cardano competitors such as Ethereum 2.0 and Algorand as strong alternatives to Dogecoin. Share this article Charles Hoskinson, creator of Cardano and CEO of IOHK, has criticized Dogecoin’s rapidly rising market value. Hoskinson Says Prices Are Unsustainable Continuing on from its recent price performance, Dogecoin has seen a 124% price gain…

What the forks? Bitcoin Cash and Ethereum Classic see triple-digit rallies

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It’s undeniable that Bitcoin (BTC) and Ethereum (ETH) are currently the two most dominant cryptocurrencies and as a result they receive the most of the attention from the mainstream media, institutional investors, and retail investors, but this doesn’t mean that the sector leaders are not occasionally challenged by competitor networks. Two forked projects that once sought to challenge Bitcoin and Ethereum for their seats at the top are Bitcoin Cash (BCH) and Ethereum Classic (ETC). In the past week, both tokens have demonstrated that they are still capable of generating…

Trading apps usurp TikTok in popularity

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Two trading apps have risen to the top of Apple’s App Store in recent days. Robinhood holds the number one position, with Coinbase in second, at time of publication on Friday. In third: popular social media platform TikTok. YouTube, Instagram and Snapchat hold the fourth, fifth and sixth positions respectively. One possible conclusion? Folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms — a conclusion noted by CNBC in an article on Friday. Robinhood saw significant coverage in January when…