Bitcoin ‘late longs’ washed out as BTC price falls to $65K

Ethereum has consistently followed a roadmap for its continual evolution to a proof-of-stake consensus protocol, and 2020 saw the groundwork for Ethereum 2.0 soundly laid. The smart contract blockchain has firmly established itself as a platform backed by the second-most valuable cryptocurrency in the world, Ether (ETH), and has become a primary resource for developers…

The number of Bitcoins held on centralized exchanges has fallen by more than 10% since Black Thursday in March. 721 Total views 25 Total shares Data compiled by Glassnode is showing that the number of Bitcoin (BTC) held on top crypto exchanges has steadily fallen since the violent mid-March crash that saw crypto prices tumble…

Major United Kingdom energy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza. The development was announced in an OVO blog post published on March 12.Kaluza —  an intelligent grid technology company that provides software and hardware products to the energy sector — has reportedly made an investment in…

Ripple's chief legal officer Stuart Alderoty says the term is “fabricated” with no legal basis. 

London-based crypto payment processor Wirex has revealed that it now has over 3 million active users, highlighting the popularity of its crypto-supporting visa card among customers.Wirex is a company licensed by the U.K. Financial Conduct Authority (FCA) which allows crypto users to spend their crypto and fiat currencies using a dedicated Visa card and mobile…

The cryptocurrency exchange faces scrutiny from state regulators simultaneous to the SEC litigation. 285 Total views 1 Total shares The stock of cryptocurrency exchange Coinbaseplunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are currently trading at $50.14, compared to an intra-day low…

Since their inception, cryptocurrencies have seen rapid growth and widespread market adoption, as evidenced by the assets tied to crypto assets that have started to appear in the portfolios and trading methods of numerous asset managers. The process of purchasing and selling cryptocurrencies to profit is known as cryptocurrency trading. Trading in cryptocurrencies can be defined…

Community members may want to read up on the intricacies of tax law before they respond, but they have two months to do so. 258 Total views 1 Total shares United States Senate Financial Services Committee Chair Ron Wyden and ranking member Mike Crapo released an open letter to the digital asset community on July…

Bitcoin (BTC) and other cryptocurrencies, such as Ether (ETH), all share a common goal: to decentralize the way people bank and to open up the under-financed and under-banked world to their own financial independence.Decentralization and accessibility are some of the key motivators in the crypto sphere. Crypto and blockchain were not made for a specific…