Ukrainian Crypto Industry’s Rapid Growth Prior to Russia waging war against Ukraine, the latter was amongst the top countries where the crypto industry was expanding very rapidly. Despite the ongoing war, and despite various Ukrainian lands occupied by Russia, the crypto industry’s growth in the country hasn’t declined or reduced. In fact, Ukraine started to…
El Salvador’s Bitcoin One cannot remove Bitcoin enthusiasm from Nayyib Bukele, President of the world’s first country to adopt Bitcoin as a local currency i.e. El Salvador. Under the direct supervision of the El Salvadoran President, Bitcoin was legally recognized as a national currency through a legislature. The initiative was taken in 2021 and since…
In recent trading sessions, both Bitcoin and Ethereum have demonstrated somewhat similar trends. This is because just like Bitcoin, the price of Ethereum has recorded a consolidation. ETH Price has consolidated The data shows that in the recent trading sessions, the trading price of ETH has consolidated. The price of ETH had been surging higher…
One of the local newspaper agencies in Iran has recently published an update about the cryptocurrency mining industry. According to the report published by the agency, the cryptocurrency mining firms in Iran will be getting their mining equipment back. OCSSOP Ordered to Returned the Mining Equipment The latest reports suggest that the cryptocurrency mining firms…
Introduction There are dozens of blockchains and cryptocurrencies to choose from in the crypto market. Therefore, investors may get overwhelmed when it comes to creating a suitable and well-balanced crypto portfolio. It is best to take a look at some of the most popular cryptocurrencies and break them down into their smallest components to understand…
Alfa Crypx Review In the running year, the world of online trading has observed so much success that the entire world is in a state of awe. From the beginning of the year 2020 till now, the online trading market seems to be making huge amount of development, accommodating more and more investors on a…
Vader, the application that is responsible for the issuance and distribution of the Vader Protocol US Dollar (USDV) has made a major announcement. The application operator has announced that they have no choice but to shut down the operation for the Vader Protocol US Dollar. Vader to Shut down USDV The developers of the Vader…
Introduction Market sentiments are the most essential factor in the cryptocurrency field, and so it’s critical for crypto traders to be well aware of these and how they work. Usually, greed encourages bullish behaviors, and fear drives pessimistic trends in the financial markets. The human mind is inherently irrational, as shown by the fact that…
Things seem to be getting worse for the so-called ‘Ethereum Killer’, as data from CoinGecko showed that Solana lost another 17% within a 24-hour duration, extending previous declines. Due to these continuous declines, the coin of the layer-1 blockchain platform has dropped out of the top 20 crypto in the market according to their market…
Court documents show that the federal court in the Southern District of New York will arraign Sam Bankman-Fried on January, 3rd, 2023. Reports indicate that the disgraced crypto entrepreneur is planning on entering a plea in front of US Judge Lewis Kaplan in his fraud case in Manhattan. A no-nonsense judge Judge Ronnie Abrams had…
Just a few days back, Defrost Finance, one of the prominent trading platforms in the decentralized finance industry, faced a major exploit. As a result of the exploit, the company ended up losing $12 million, which was a huge loss for the company. The exploit took place a few days prior to Christmas. It has…
Global Crypto Economy Shrinkage Up To $1.5 Trillion About a year ago now, the crypto economy could easily be evaluated at a whooping value of $2.334 Trillion. However, from 20th December 2021 till 20th December 2022, the economy lost roughly $1.5 Trillion. Today, the global crypto economy is resting at a value which is less…
Introduction The use of cryptocurrencies might be puzzling at times. The vast array of various cryptocurrencies available on the internet contributes in some way to the overall sense of bewilderment among investors, particularly younger ones. One contributor to this perplexion is the names themselves, which often confuses new traders. If we compare Ethereum to Ethereum…
Last week crypto market slid and resultantly Bitcoin lost entire gains and above all its value declined. It is expected that the price may decline further because there is a negative impact stemming from the global outlook. Global Market Conditions Worsening Bitcoin’s value decline came when central bank officials made statements of continuing strict economic…
The criminal trial of disgraced crypto entrepreneur Sam Bankman-Fried has not begun as yet and it has already become quite a sensation. US District Judge Ronnie Abrams had originally been assigned to oversee the case, but she recused herself from it, citing a conflict of interest. This meant that another judge had to be assigned….
According to reports, a Ukrainian man living in the United States has managed to infiltrate the Russian dark web by hacking a prominent drug market and diverting some of its crypto funds. The man said that the digital cash that he stole from the illicit website has been donated to an organization providing humanitarian aid…
Interior Ministry Granted Access to Crypto Data MVD which is the Russian Federal Ministry of Interior has been provided with access to the ‘Personal Account of a Law Enforcement Agency’. The portal is a ‘digital platform’ of the Ministry that has been authorized to access for fetching information of crypto wallet holders. Local news agency…
Russian Safeguards for Crypto Companies Since the beginning of the war between Russia and Ukraine, the West has been active in placing several sanctions on Russia. On one hand, sanctions have limited Russia’s representation at a global level while on the other seriously affected its economy. The aim of sanctions is to weaken Russia’s financial…
Against all odds, and contrary to what the majority predicted, the crypto industry continues to slowly move upward while keeping intact recent-past gains. Momentum seems to be prolonging in crypto markets which is ultimately keeping intact the bullish sentiment. Slow but Steady Bitcoin Moving Upward On Wednesday, 14th December, the trading day ended at a…
FTX Infection Paves Way for Criticism against Binance After FTX was forced to face bankruptcy proceedings, Binance has been overwhelmed with a number of uncertainties, doubts, and unnecessary speculation. Peculiarities are stemming out of FTX’s downfall which subsequently paved way for rumors that Binance also is under investigation by US regulators. Reuters’ 12th December publication…
