FD7 ventures, a dubai based crypto fund company has decided to sell of Bitcoin worth $750 million in the coming month. The firm came to this conclusion to purchase Cardano and Polkadot. Sell Bitcoin, Buy Altcoins The firm in a report explained that it feels Bitcoin is a “useless investment” and it hopes to rather…
An unknown bitcoin whale who had stored Bitcoin for 11 years has decided to transfer it. The move which analyst characterize as once in a blue moon kind of transfer is a whale move as 100BTC was moved in a day. More Than A Decade Transfer The Bitcoin whale had stashed his wallets with BTC…
A report from Crypto.com has revealed that the world’s cryptocurrency user is 106 million. This is a staggering difference from the previously estimated number of 66 million and 100 million in May 2020 and January 2021 respectively. Huge Crypto Growth Parameters The former figures and particularly this recent estimation was done by Crypto.com. It used…
Simplex, is an European Union-licensed Fintech firm. The firm currently incorporates and facilitates more than fifty cryptocurrencies. It also holds an integral part of the Visa Network. The fintech firm has partnered with Opera Browser, one of the world’s most popular browser. This partnership will allow Opera browser users to buy crypto assets straightaway from…
MicroStrategy, one of the biggest independent business intelligence company has declared its latest feat in crypto asset addition. According to a press release it said it had purchased a round sum of 19,452 bitcoins which worth about $1.026 billion. This means each bitcoin worths $52,765 including additional fees and expenses. Why Did MicroStrategy Invest This…
Barclays , a British global investment bank has said the finnancial institution may invest in Bitcoin in the coming years. This statement was made by Will Hobbs the head of investments in Barclays’ asset management arm. Barclays’ View On Bitcoin Will Hobbs noted that despite the surge and pump in price of Bitcoin, the firm…
The treasury secretary Janet Yellen has had previous takes on Bitcoin and cryptocurrencies at large. She has again criticized Bitcoin, stating that it is used mostly for illicit activities and it uses high energy. Same Janet Yellen – Different Opinion on Crypto In a comment from journalist Andrew Ross Sorkin, Janet Yellen the US treasury…
A generous single buyer has spent the total sum of $1M on 34 CryptoPunk NFTs. The whale paid 557.5 ETH for the collectibles. The CryptoPunk Collectibles NFTs ( non-fungible token) refers to crypto tokens that can be characterized with any variable asset or artwork characteristics. Report from Larva labs reveals that 34 punks were acquired…
Ripple XRP, one of the world’s leading cryptocurrency firm has registered an entity in Wyoming. This isn’t a surprise as Wyoming has been known for having a crypto-friendly regulation. This news served as a propellant for the crypto firm’s native currency XRP. The price of Ripple XRP has surged up to 15% in the last…
PancakeSwap is currently the largest DEX by trading volume outpacing Uniswap. The DEX had up to $1.5 billion traded in the last 24 hours. This achievement saw it overtake Ethereum-based Uniswap which had been in the number one spot for a while. PancakeSwap Shifts Uniswap A data from Coingecko shows the current uptrend of PancakeSwap….