A well-known finance personality, Peter Schiff, who is known for his negative stance on cryptocurrencies, has fallen victim to a Twitter hack. The hacker had taken over Schiff’s Twitter account and tweeted a link to a phishing site, promoting a fake $GOLD coin scam. The news of the hack was first reported when Schiff’s Twitter account was found to be …
Continue Reading
Recent reports indicate that the Bitcoin network has witnessed an impressive $200 million in NFT sales during May. According to the CryptoSlam platform, NFTs based on Bitcoin have risen to the second spot for NFT sales per blockchain. It is worth noting that Bitcoin NFTs did not exist prior to the activation of inscriptions on the Bitcoin mainnet in January …
Continue Reading
Bitcoin’s presence in the non-fungible token (NFT) space has skyrocketed. Based on data from CryptoSlam, Bitcoin now proudly sits as the second-largest NFT chain. In the span of the past 30 days, the digital currency has seen a surge, raking in approximately $168.25 million from NFT sales alone. Bitcoin Climbs, Yet Trails Behind Ethereum However, despite its impressive leap, Bitcoin …
Continue Reading
Bitcoin mining has emerged as a highly profitable business for miners, with their total revenue surpassing $50 billion. Despite the inherent difficulties associated with mining, miners have achieved impressive profit margins ever since the first cryptocurrency mining operation was launched with the genesis block in 2009. Data on Bitcoin Mining Profits Based on the available data given by Glassnode, it …
Continue Reading
Investors have been increasingly drawn towards Bitcoin (BTC) amidst the Federal Reserve’s struggle with inflation. The severity of the inflation situation has left consumers with weak purchasing power, despite rising wages. According to Brian Krogsgard, the Cofounder & CMO at Flip, the policy updates from the U.S. Federal Reserve and Bitcoin prices are showing a clear contrast. The Fed’s efforts …
Continue Reading
The recent endorsement of Bitcoin by US Senator Ted Cruz has sparked renewed interest in the cryptocurrency market. Senator Cruz, a prominent conservative figure, took to Twitter to express his support for Bitcoin, citing its ability to serve as a hedge against inflation and a way to protect individual freedoms. This endorsement is seen as a significant development for the …
Continue Reading
Cardano developers are trying to attract Bitcoin (BTC) investors into the Cardano DeFi ecosystem by launching wrapped Bitcoin tokens cBTC. Using this facility, users can mint cBTC tokens from the anetaBTC protocol and they can use those tokens to trade, fund or provide liquidity to the Cardano testnet protocol. This is mainly done to provide Bitcoin’s liquidity to the Cardano …
Continue Reading
According to a recent report from on-chain analyst Lookonchain, a Bitcoin whale that has been inactive for nine years has recently transferred $60 million worth of Bitcoin. The transfer was initiated from a wallet that has been dormant since 2013, and the Bitcoin was transferred to an unknown wallet. This news has caused a commotion among the cryptocurrency community, with …
Continue Reading
According to recent reports, Australia has outpaced the entire Asian continent in the number of Bitcoin ATMs installed. This is despite the fact that Asia is home to major economies such as China, Japan, Singapore, and India. In fact, Asia accounts for only 1% of the world’s total crypto ATMs, with a mere 355 machines. On the other hand, Australia …
Continue Reading
On Thursday, most cryptocurrencies were trading higher following better-than-expected US economic data. Bitcoin (BTC) rose 0.66% to $30,244, with a trading volume of approximately $18.62 billion, an increase of 6.42% in the last 24 hours. According to Mudrex CEO Edul Patel, BTC is trading above the $30,000 level, indicating that the bulls have the upper hand in the market. Ethereum …
Continue Reading
