Category: Cryptocurrency

In recent years, the cryptocurrency space has become quite crowded. Gone are the days when just a few digital assets dominated the headlines. There are now over 8,000 different crypto assets, and new tokens join the fray all the time. Of course, the crypto market itself has already created tremendous wealth, rising 240% in the last year alone. But given the sheer volume — not to mention the hysteria around meme tokens like Shiba Inu and Dogecoin — it can be challenging to separate the good from the bad.

That being said, Cardano (CRYPTO:ADA) stands out from the pack. Not because of its functionality — at least, not yet — …….

Twitter’s cryptocurrency community presents a mostly united front against all challenges. But Jack Dorsey, a founder of Twitter and Square and a Bitcoin evangelist, just exposed a deep internal rift over the direction of crypto and pitted himself against some of the industry’s deepest-pocketed backers, the DealBook newsletter reports.

The fight is over Web3, the industry name for a blockchain-based internet that runs on crypto tokens. Supporters say it will democratize and decentralize commerce, finance, gaming and more. But Mr. Dorsey warned that Web3 was really owned…….

Cryptocurrency Update: Bitcoin on Wednesday, December 22, edged near the $50,000 mark days ahead of Christmas. This was the second consecutive day that the price of the world’s largest crypto coin, in terms of market value, rose after a days-long decline. The cryptocurrency market has in the recent weeks seen a slump due to rising threat of the Omicron variant of Covid-19 when traders stayed away from it. However, this week, that trend has seen a stop as the markets were back in green as the holiday season approached.

One unit of Bitcoin, the world’s largest cryptocurr…….

In recent years, the cryptocurrency space has become quite crowded. Gone are the days when just a few digital assets dominated the headlines. There are now over 8,000 different crypto assets, and new tokens join the fray all the time. Of course, the crypto market itself has already created tremendous wealth, rising 240% in the last year alone. But given the sheer volume — not to mention the hysteria around meme tokens like Shiba Inu and Dogecoin — it can be challenging to separate the good from the bad.

That being said, Cardano (CRYPTO:ADA) stands out from the pack. Not because of its functionality — at least, not yet — …….

Vertigo3d | iStock | Getty Images

Crypto crash

Some experts believe bitcoin is due for a sharp decline in the coming months.

Bitcoin surged to a record high of almost $69,000 in November. It’s now sitting below $50,000, down almost 30% from its peak. Wall Street wisdom defines bear markets as a decline of 20% or more from recent highs, but it’s worth noting bitcoin is notorious for its volatility.

Carol Alexander, professor of finance at Sussex University, said she expects bitcoin to tank as low as $10,000 in 2022, virtually wiping out all of its gains in the past year and a half…….

The UK’s advertising regulator has banned two promotions for “fan tokens” from Arsenal Football Club, saying they were misleading supporters over the risks of investing in cryptocurrencies.

The Advertising Standards Authority (ASA) said that the north London club was “taking advantage of consumers’ inexperience or credulity, trivialising investment in crypto assets, misleading consumers over the risk of investment and not making it clear the ‘token’ was a crypto asset”.

Arsenal said it would seek an independent review of the ruling “to seek greater…….

Kraken is stepping up its crypto game. After a successful year, the U.S. exchange decided to close 2021 with the acquisition of Staked, thus expanding its token staking capabilities and generally improving the quality of its services.

Staked is a non-custodial crypto staking platform, which facilitates the secure storage of assets while providing attractive yield options for investors.

An Acquisition That Makes Sense

According to a P.R. shared by the Kraken team, the exchange bought Staked for an undisclosed sum, and Staked’s clients will now become Kraken clients across the board.

Tha…….

NEW YORK – Despite Bitcoin launching way back in 2009, it’s only recently that you can’t turn on the news or browse the web without coming across some mention of cryptocurrency.

I got so many questions from my readers and national radio show listeners that I wrote an e-book about crypto to help. I demystify digital currency, mining and how to get started trading.

Sadly, I also hear from people who got fooled by one crypto scam or another. Where there is money, criminals are waiting.

Before we get started, know this is not financial advice. The crypto world is volatile, and you should never risk money you…….

Chinnapong / Getty Images

In response to the economic collapse triggered by the coronavirus pandemic, Congress passed the CARES Act to provide direct stimulus payments to Americans. The first payment was issued in April 2020 and amounted to $1,200 per qualifying taxpayer.

While most Americans used this money to get them through a rough time, spending it on necessities such as food and rent, others were able to take t…….

New Jersey-based Manasquan Bank will participate in Bakkt Holdings’ early adopter program. When effective, it will enable customers of the financial institution to buy, sell, and hold cryptocurrencies.

Bakkt Inks Another Partnership

According to a recent press release, Bakkt’s project is anticipated to launch in Q2 2022. Initially, the platform will provide an entry point to adopt cryptocurrencies only to retail clients of Manasquan Bank. When the early adopter program gets effective, those users will be able to buy, sell, and hold bitcoin and alternative coins through the bank’s mobile applicat…….