Bitcoin Plunges 31% In SelloffInvesting.com – Bitcoin was trading at $30,442.3 by 09:11 (13:11 GMT) on the Investing.com Index on Wednesday, down 30.79% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Bitcoin’s market cap down to $574.2B, or 41.94% of the total cryptocurrency market cap. At…[Read more]

BlockFi Now Mining Bitcoin With BlockstreamCrypto Lender BlockFi is now planning to mine Bitcoin using Blockstream Mining.
BlockFi will set up shop in a warehouse in Adel, GA with up to 300 MW power.
BlockFi will run a mix of MicroBT and Bitmain miners for the project.
Crypto lender BlockFi has paired up with Blockstream to mine Bitcoin. The…[Read more]

Ark Invest Buys $27 million in Tesla Stock, Predicts Bitcoin Will Reach $500kArk Invest, a global asset management firm with over $50 billion in assets under management, recently claimed that their position and conviction on the alpha cryptocurrency ‘remains high’ amid the collapsing price correction this week.During an interview with Blo…[Read more]

BTC Crashes After Elon Musk Hints He May Parting with His Crypto StashThere comes a time when people need to learn to stop talking and just listen. It looks like that time has come for Elon Musk. Either he is oblivious to his power within the crypto community, or he likes to make waves as a hobby, but his latest discussion regarding selling his…[Read more]

Real Research To Bring Power in the Survey IndustryReal Research platform is infamous for its speedy survey completion.
Anyone can be a user and a respondent in the Real Research portal.
Real Research announces its availability in both Android and iOS versions.
Real Research, a survey platform with blockchain power, offers new opportunities within…[Read more]

The Cook Finance Testnet is Live on Ethereum Rinkeby TestnetCook Finance announced that its Cook Finance Testnet is now live.
Cook Finance to launch on the Ethereum Mainnet in the next few weeks.
Cook Finance announced that its Cook Finance Testnet is now live. Cook Finance is a cross-chain decentralized asset management platform.

The firm…[Read more]

The Internet Computer (ICP) – From Nowhere To The TopThe Internet Computer hit the scene like a bolt from the blue to rank as the 10th-largest cryptocurrency by market capitalization.
Presently, the Internet Computer is valued at $115 and has a market capitalization of $14.5 billion at the time of publishing.
The Internet Computer allows i…[Read more]

Indian Government to Discuss Crypto BanThe Indian government is rethinking the discussion of crypto regulation in India.
The government might form a new committee to discuss the old sanctions on crypto.
According to local news, the Indian government is rethinking the discussion of crypto regulation in India.

The news comes amid the current view…[Read more]

Crypto Market Crashes, Bitcoin at $33,000Bitcoin price has fallen by 17.8% in the last hour.
Also, the crypto market cap has sunk by 31.7%.
Bitcoin is currently trading at $33,159.69.
The crypto market is in flames as Bitcoin plunges 25% in the last 24 hours with 17.8% in the last hour alone. At the time of writing, Bitcoin price is at…[Read more]

CryptoTaxCalculator and xDai Partners to Streamline Tax RecordingCryptoTaxCalculator and xDai chain partner to make tax recording easier.
The partnership will let users create easy-to-read reports when preparing tax returns.
Recently, the IRS has been increasing its efforts to catch crypto-owning tax-evaders
Tax assistant platform…[Read more]

South Korean Government Plans To Create More Crypto OpportunitiesSouth Korea plans to create opportunities regarding domestic asset markets.
According to Finance Minister Hong Nam-ki, they will focus on the youth.
The statements are obvious shifts from anti-crypto statements earlier this year.
South Korean Deputy Prime Minister and Finance…[Read more]

NFT Uncertainty: Claims NFTs Are Dead While CryptoPunks Sell For $17MThe NFT hysteria took the global landscape by surprise and also sent shockwaves through blockchain networks. Christie’s auction house became the first professional art establishment to facilitate access to NFTs. The centuries-old auction house sold Beeple’s “Everydays: The First…[Read more]

Governments And Altcoins: The Preferences Apart From BitcoinThe analytical data reveals, that two global superpowers – the United States and China – may have crypto investments on a governmental level.

China is the second-biggest BTC holder after Grayscale ($37B worth of BTC), while the US ranks seventh. According to such data, each of them hol…[Read more]

Analyst Predicts Ethereum Will Be Bearish Until $2500ETH will go bearish until the $2500 mark according to technical analyst.
The second-largest crypto shows bearish movement without signs of stopping.
On the other hand, crypto poll shows that investors think the bull market is not over.
The second-largest cryptocurrency, Ethereum (ETH) has lost a…[Read more]

Kimchi Premium Made Bitcoin Price $5k Higher In South KoreaKimchi Premium prized BTC $5000 higher than global markets.
While BTC is valued at $39k globally, South Korean markets value BTC at $45k.
While demand is high in South Korea, gold demand is also rising.
Back in April, the infamous Kimchi Premium drove BTC price to $68k. During those times,…[Read more]

StopElon Surges Over 1000% Amid Crypto Slump

Ethereum Will Reduce Energy Use by 99.95% With PoSEthereum’s shift from PoW to PoS will cause its energy consumption to fall by 99.95%.
The update comes from the Ethereum Foundation’s blog, which compares the usage now and after the shift.
Further, he adds that Ethereum will become 7,000 times more energy-efficient than Bitcoin.
Ethereum is out…[Read more]

Explainer: What Beijing’s new crackdown means for crypto in ChinaNew crypto project $STOPELON has launched on Binance Smart Chain.
The project aims to take control of Tesla (NASDAQ:TSLA).
$STOPELON price has surged over 1000%.
A new crypto project recently launched on the Binance Smart Chain. The projected called $STOPELON has surged 1,800% in…[Read more]

Explainer: What Beijing’s new crackdown means for crypto in ChinaSHANGHAI (Reuters) – Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies, marking a fresh crackdown on digital money.

Compared with a previous ban issued in 2017, the new rules…[Read more]