Ethereum Whale With A $166M SHIB Portfolio Purchases An Additional 47 Billion SHIB Tokens

Shiba Inu may not be the most popular coin in the cryptocurrency market in terms of its market capitalization, but that did not stop another interested whale from taking a plunge into it. The discount on SHIB tokens has seen an Ethereum whale increase its already large SHIB holdings, having had a portfolio of more … Read more

Tether Plans To Make This Swiss City One Of The Biggest Cryptocurrency Hubs In Europe

The drive by most top European cities to attract big crypto guns into setting up a center in their territory is fast becoming a competition of sorts now. Lugano, Switzerland, might become the first city in Europe to implement blockchain technology. The largest stablecoin in the crypto market, Tether, recently announced its plan to make … Read more

Cryptocurrency Market Defies Fears Of Russian Attack As Price Recovers

The news of Russia’s planned attack on Ukraine has sent shock waves through the cryptocurrency industry, which affected the performance of most digital coins in the market. But in the past 24 hours, the cryptocurrency market has regained its momentum after news reports showing that the invasion of Ukraine by Russia is unlikely to happen; … Read more

Bitcoin Gains As USD Loses 97% Purchasing Power In 5 Years

The growing number of people who see the world’s pioneer digital currency as a strong hedge against inflation keeps on growing, making Bitcoin the darling of investors with no equal. February 15 saw the USD lose a massive part of its purchasing power, up to 97.58%, against Bitcoin in the past five years. Contrast the … Read more

Sustainable Bitcoin Mining: Merkle Standard In Partnership With Bitmain to Build Mining Center

The drive to reduce the carbon footprint impact of the crypto industry by paying more attention to renewable energy sources is gaining traction in the cryptocurrency space as digital mining firm Merkel Standard reaches an agreement with Bitmain, a maker of Bitcoin mining infrastructure to build a green mining facility. Previous reports can recall that … Read more

GBP/JPY 156.70 Levels, Targeting 3-Week High Set Last Wednesday

GBP/JPY trading pair consolidated on its intraday gains and accelerated to a new daily gain, around the 156.65-156.70 zone in the European session. GBP/JPY price chart. Source TradingView After the pullback experienced the day before from a more than three-week high, the pair just got to draw up some new buying on Thursday, and it … Read more

Euro Declines After Three-week High as Italian Yields Move to Zero

A Little Slide The Euro shed some weight on Tuesday following comments by the European Central Bank’s President, Christine Lagarde when she attempted to control the high expectations trailing a rise in interest rates which boosted the regional currency up a three-week high on Thursday. The European Central Bank’s hawkish drift last week was a … Read more

European Central Bank Preview: Impact of Inflation on Tightening Policy

An Import Euro Background Following the latest economic statistics gathered throughout the European Union, the dominant demand for a hawkish monetary policy has kept on putting pressure on European Central Bank top officials. Wednesday’s Eurozone Consumer Price Index surpassed widely celebrated previous releases from member countries in addition to their previous growths and unemployment figures … Read more

Visa Records More Than $2 Billion Worth of Transactions on Crypto-Linked Cards in Q1, 2022

Global payment platform, Visa, has announced that in its latest earnings call, it discovered that users of its services had executed about $2.5 billion worth of transactions with their crypto-enabled cards. Giant Strides The latest figure put out is now more than 70% above all other transactions executed using crypto cards in the 2021 fiscal … Read more

Robinhood’s Trading Profit Decline As Platform Fields Anti-Memecoin Antics

Popular crypto trading platform Robinhood’s trading profits have declined since the fourth quarter of last year as the platform avoids the listing of memecoins. This revelation came via the trading platform’s monthly revenue report where it revealed that profits made from its trading activities have declined in the fourth quarter (Q4) last year. In quarter … Read more