The co-founder of Crypto for Black Economic Empowerment (CBBE), a group of 100 Black founders and creators, today announced the launch of a new crypto venture capital fund: Audacity. Audacity Fund I…
Day: June 17, 2021
NFT Real Estate in Ethereum Metaverse Sells for Record $913K
A virtual plot of land sold as an NFT in the open-world metaverse game Decentraland has sold for a record amount: more than $913,000, based on the price of the game’s Ethereum-based…
World Bank Denies El Salvador's Request for Technical Assistance on Bitcoin – CoinDesk
The World Bank has rejected a request from El Salvador to assist the country in implementing bitcoin as a legal tender. According to a report by Reuters on Wednesday, the bank, which…
Market Wrap: Bitcoin Declines on Fed Rate Projection – CoinDesk
Cryptocurrencies were mostly lower on Wednesday despite a brief 3% jump in bitcoin after the U.S. Federal Reserve maintained accommodative monetary policy. But the gains were short-lived as risk assets pulled back,…
Bitcoin Energy ‘Shortcomings’ Will Not Deter Digital Currency Research: Bank of England
The Bank of England today criticized the “energy inefficiency” of Bitcoin while adding that a central bank digital currency (CBDC) could help with a net zero economy. A CBDC is a digital…
Goldman Sachs: Bitcoin Not an ‘Investable Asset Class’, Dogecoin Ideal for ‘Speculation’
Investment bank Goldman Sachs has said in a report issued earlier this week that cryptocurrencies are not a “viable investment”—despite showing interest in Bitcoin Bitcoin and Ethereum Ethereum recently. Many cryptocurrency enthusiasts…
Bitcoin Hashrate at 6.5-Month Low as China Cracks Down – CoinDesk
The Bitcoin hashrate – the total computational power used to secure transactions on the blockchain – has dropped to its lowest level since November, possibly a reflection of China’s recent crackdown on…
ETH/USD Slumps from 2458: Sally Ho’s Technical Analysis 18 June 2021 ETH
Ethereum (ETH/USD) remained pressured early in today’s Asian session as the pair depreciated to the 2365.59 level after trading as high as the 2459.53 area during the European session, with the interday…
BTC/USD Pressured Below 39000: Sally Ho’s Technical Analysis 18 June 2021 BTC
Bitcoin (BTC/USD) failed to sustain gains early in today’s Asian session as the pair depreciated to the 38778.12 level after trading as high as the 39554.98 level during the European session, with…
Mark Cuban Calls for DeFi Regulation After Crypto Investment Goes to Zero
Last night, billionaire investor Mark Cuban said he was “hit” by the sudden collapse of a cryptocurrency called TITAN; the token shed nearly 100% of its value over the course of a…