The Cryptocurrency Crash Is Great News For The Rest of The World. Here’s Why

Cryptocurrencies like Bitcoin were meant to be used as digital cash. Instead, they’ve become popular as speculative investments. As well as being resource-intensive and inherently wasteful, cryptocurrencies are also incredibly volatile. Prices for the largest cryptocurrencies, Bitcoin and Ethereum, have both dropped by over 55 percent in six months, leading some to suggest that regulation … Read more

Could Bitcoin crash make El Salvador go BUST? Govt has lost $ 40m amid plans to build crypto city

El Salvador’s Bitcoin bet could be putting the country in peril as its holdings have already lost $ 40m in amid a cryptocurrency rout. The losses – equal to the Central American country’s next bond payment – come amid a so-called ‘crypto winter’ and the president’s plans to build a volcano-powered ‘crypto city’ to mine … Read more

Terra Collapse Teaches About ‘Crypto’ And Bitcoin

Terra is crumbling. The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to sustain its $ 1 peg and LUNA, the blockchain’s native token, nears zero. Terraform Labs, the tech start-up … Read more

Bitcoin Price Falls Below $ 26,000

Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $ 1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived as … Read more

Five US states order halt to NFT sales by metaverse casino with alleged Russia ties

Regulators in five states simultaneously filed emergency orders Wednesday against a virtual casino they say has ties to Russia and that has been operating in the metaverse, a digital world where participants can interact with each other, purchase products and even gamble. State law enforcement officials say Flamingo Casino Club’s operators failed to disclose its … Read more

Five US states order halt to NFT sales by metaverse casino with alleged Russia ties

Regulators in five states simultaneously filed emergency orders Wednesday against a virtual casino they say has ties to Russia and that has been operating in the metaverse, a digital world where participants can interact with each other, purchase products and even gamble. State law enforcement officials say Flamingo Casino Club’s operators failed to disclose its … Read more

Cryptocurrency taxation: Here’s what you need to know

A lot is changing fast in the world of crypto, including the tax rules. As with most investments there will be taxes to consider before figuring out how much you really made – or lost – on your digital assets. So if you couldn’t resist getting in on, say, bitcoin’s wild ride – which, for … Read more

How sensitive is Bitcoin to Wednesday’s Fed announcement? Here’s price outlook breakdown

(Kitco News) The world’s largest cryptocurrency has been swept up in a broader equity market selloff, with Bitcoin now sensitive to many macro drivers, including Wednesday’s highly anticipated Federal Reserve meeting that will be followed by the Fed Chair Jerome Powell’s press conference. The COVID pandemic changed the makeup of Bitcoin’s investors forever, which is … Read more

Edward Snowden Revealed As Key Participant In Mysterious Ceremony Creating $ 2 Billion Anonymous Cryptocurrency

The notorious whistle-blower acknowledges he was the sixth person who participated in an elaborate 2016 ceremony that led to the creation of zcash, a leading privacy protecting cryptocurrency. In the fall of 2016, the cryptocurrency world was aflutter with excitement about the creation of a new kind of cryptocurrency, zcash. Unlike bitcoin, which is designed … Read more