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Crypto-focused stocks tumble as bears ravage markets

Crypto-focused stocks tumble as bears ravage markets

As US markets recorded a fifth straight negative session for the week, cryptocurrencies were bleeding heavily as bulls were beaten. Bitcoin price declined below a critical support level, with an analyst suggesting the drawdown could

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New Payment System Seeking to Bolster Intra-African Trade Goes Live

New Payment System Seeking to Bolster Intra-African Trade Goes Live

A new continent-wide payment system that seeks to strengthen African fiat currencies, as well as to boost intra-Africa trade, recently went live. Discussions about onboarding more African countries are still ongoing. SMEs, main beneficiaries of

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Multichain Whitehat Hacker Returns 259 ETH: Report

Multichain Whitehat Hacker Returns 259 ETH: Report

Cross-chain protocol users have gone wild over an unaddressed security vulnerability that surfaced earlier this week and the platform’s inability to act. Later, however, Multichain revealed that a whitehat hacker returned 259 ETH, worth around

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Bitcoin Falls Beneath $40K, Dragging Crypto Economy Below $2 Trillion

Bitcoin Falls Beneath $40K, Dragging Crypto Economy Below $2 Trillion

On Thursday evening around 10 p.m. (EST), the price of bitcoin fell beneath the $40K zone for the first time since September 21, 2021. During Friday’s early morning trading sessions, bitcoin plunged to a low

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Crypto Start-ups Raised 30x More Money Than Five Years Ago

Crypto Start-ups Raised 30x More Money Than Five Years Ago

TV host and financial expert Jon Erlichman shares stats on how venture capitalists flooded the Web3 segment with their money Not only did VC fundraising recover from the 2019-2020 Crypto Winter, but it almost quadrupled

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Crypto Market Capitalization Tumbles from $3 to $1.8 Trillion in Less Than 3 Months

Crypto Market Capitalization Tumbles from $3 to $1.8 Trillion in Less Than 3 Months

The capitalization of the cryptocurrency market has dropped drastically in recent months, here are the main reasons The capitalization of the cryptocurrency market has plunged below $2 trillion as Bitcoin and other cryptocurrencies lost approximately

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Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers

Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers

The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes

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These Are the Crypto Economy’s 10 Most Expensive Assets per Unit in 2022

These Are the Crypto Economy’s 10 Most Expensive Assets per Unit in 2022

A lot has changed in regard to the prices of various crypto assets throughout 2021, as today’s top crypto assets look a lot different than they did 12 months ago. Moreover, the most valuable cryptocurrencies

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Robinhood Finally Rolling Out Crypto Wallets to Select Users

Robinhood Finally Rolling Out Crypto Wallets to Select Users

Robinhood Markets Inc is rolling out crypto wallets to a select 1,000 users, according to a recent blog post. In addition to holding the purchased cryptocurrency, beta testers of Robinhood’s wallet feature will now also be

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Report: A16z to Raise $4.5 Billion for Crypto Investments

Report: A16z to Raise $4.5 Billion for Crypto Investments

A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This

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