Bitcoin Financial News

Kevin Roose (The Shift)

The entire crypto community got excited as Bitcoin [BTC] registered a slight uptick in the last few days. This development gave investors hope for a possible bull-rally in the coming days. Bitcoin’s value increased more than 5% in the last seven days. 

metaverse on January 11. Punjabi pop singer Daler Mehndi performed live in the metaverse, making it the world’s largest concert by drawing 20 million spectators globally. That is the power of Metaverse, a universal virtual world consisting of 3D virtual spaces based on social connection. The technology interests millennials and generation Z, who are bored with static internet pages and social media platforms. Having experienced AR (Augmented Reality), VR (Virtual Reality), and MR (Mixed Reality), they are more excited about the 3D virtual world that provides real interactions and interesting visuals. Metaverse transports them to an entirely live and interconnected world. Recently, Facebook rebranded itself as Meta and brought the technology to the mainstream by hiring 10,000 people. By creating a metaverse infrastructure, the company intends to transform itself into something futuristic.

Major cryptocurrencies traded in the red early today on September 16 as the global crypto market cap declined 2.71 percent to $960.06 billion over the last day. On the other hand, the total crypto market volume jumped 9.49 percent to $84.26 billion during the last 24 hours.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

After a 1% tax deducted at source (TDS) took effect in July, the number of Indian users signing up on the major cryptocurrency exchange Binance skyrocketed, according to a report from Bloomberg on Tuesday.

In this week's episode of Market Talks, we welcome Julian Hosp, CEO and co-founder of Cake DeFi.

Bitcoin (BTC) spent a second day threatening $20,000 support on Sept. 15 as markets processed the Ethereum (ET Merge.

Compound (COMP) crypto has pumped 4.56% today following the successful finalization of the Ethereum merge earlier this morning. 

Cryptocurrencies and stocks have been making headlines for quite some time. Everyone is wondering whether cryptocurrencies and stocks can coexist in the future. Can cryptocurrency prices decouple from stock prices?

 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com

Bitcoin managed to hold $20,000 levels. The latest red-hot inflation numbers have put global investors on edge about the potential actions by the US Fed in its meeting next week. The FOMC is likely to push interest rates by 75 basis points, while a 100-bps hike can not be ruled out. Barring the US dollar-pegged Tether, all other major crypto tokens were trading lower on Thursday. Shiba Inu and Avalanche dropped 3 per cent each, whereas Bitcoin, Polkadot and Polygon shed 2 per cent each. The global cryptocurrency market cap was trading lower at $990.19 billion, dropping almost a per cent in the last 24 hours. However, total trading volume tumbled as much as 23 per cent, close to $78.30 billion.

With the Trade Ministry officially approving the use of cryptocurrencies for foreign trade, Iran will become the first-of-a-kind adopter in the world. 

MicroStrategy Inc plans to increase its bitcoin holdings through the net proceeds of its sale of up to $500 million worth of its class A shares.

There's a new Bitcoin (BTC) energy FUD in town: noise. In Sortland, a Norwegian municipality, locals are waging war on Bitcoin miners to thwart further BTC mining developments. Their latest protest against proof-of-work (PoW) mining is that it's loud. 

Emerging markets are leading the cryptocurrency adoption index globally, says a Chainalysisreport. It adds that lower-middle income countries hold a majority of the positions in the top 20 countries in terms of crypto adoption.

The world’s second-largest cryptocurrency has undergone a significant transformation that will change its technology to cut carbon emissions by more than 99.9 per cent, according to its platform Ethereum.

Ethereum Merge is now done, after six years in the making. The second-most valuable cryptocurrency will switch from a proof-of-work (PoW) model to a proof-of-stake (PoS) one, which is projected to be significantly more energy and cost-efficient.

Ahead of Ethereum's (ETH) transition to proof-of-stake, Bitcoin (BTC) maxi Michael Saylor has come out swinging against what he says is "misinformation and propaganda" about the environmental impacts around proof of work (PoW) BTC Mining.