President Bukele of El Salvador has urged traders across the crypto market to be patient and ride out the storm that is currently overwhelming the crypto market. The president is looking to revive the hope of traders after the market posted another bout of heavy loss going to the tune of two digits. In his...
Following reports that Bitcoin’s value may have dropped to the point of being unprofitable for the average miner, Marathon Digital Holdings says it can continue working to build up the primary crypto asset. In the first quarter of 2022, the value to provide a Bitcoin was approximately $6,200. They established a fixed price for energy...
Binance announced that it would no longer allow US users to access the exchange in 2019. It wasn’t until November that it disabled access to Binance.com, its leading site for US users. It relocated those individuals to Binance.US, a separate company’s website run by BAM Trading Services, which has a considerably smaller range of coins....
The largest cryptocurrency, Bitcoin dropped below $25,000 on Binance earlier today, consequently affecting the profitability of miners still using older-generation Bitcoin mining rigs.  Less profit for old Bitcoin mining rigs Two of the popular old Bitcoin mining machines, Antminer S11 and Avalon A9, could be going offline on the Bitcoin network as both are now...
The crypto market capitalization has continued to crash, now sitting at $1.04 trillion, a decrease of over 8% in the last 24 hours. Almost every principal cryptocurrency was in the red, with prices for many dropping by more than 11% and establishing new lows in the previous 24 hours. The dominance of the top currencies...
US Secretary Janet Yellen has given her opinion about plans by several parties to add digital assets to the portfolio of investments for retired workers. According to her latest statement, the US secretary is wary of the move after branding the assets very risky. Yellen, alongside other top players in the country, has often called...
US customers can now transfer supported cryptocurrencies on and off Paypal, according to a recent announcement. This functionality has been one of the most requested features by the users since the company began supporting crypto.  Paypal debuts native crypto transfer The online payment giant launched its crypto service in 2020, enabling its millions of users...
Cryptocurrencies like Bitcoin have a lot of supporters, but there are also a lot of critics who point out a significant flaw. It takes a lot of energy to mine it. While mining is only one method for verifying cryptocurrency transactions and minting new crypto coins, many more processes exist. The two most popular cryptocurrencies,...
Last week, New York Senates passed a bill proposing a two-year moratorium on crypto and Bitcoin mining activities based on carbon-energy sources. This particular bill already passed the State Assembly in April and now awaits a green light from the governor’s office to become effective.  However, the state’s governor Kathy Hochul is still considering whether...
Litecoin price analysis for today indicated the market is in a bearish trend as the prices look to decline even further. The Litecoin market has been on a downward trend for the past few days as the prices have plunged to $61.18 after a bearish streak. The prices have sought support at $60, but the...