Latest Market News
In recent years, blockchain technology and cryptocurrency have been revolutionizing industries. With the creation of the TFA Worldwide Association, TheFutbolApp is looking to bring the power of digital currency to football.
Tether’s USDT stablecoin has hit the $60 billion milestone for the first time ever. At the moment, there’s about 60.8 billion USDT tokens in circulation, and USDT is the third-largest crypto asset by market capitalization, behind only Bitcoin and Ethereum.
The DFINITY Foundation is looking to accelerate development in the Internet Computer ecosystem with a new CHF 200 million (around $220 million) fund for developers.
MATIC is seeing some serious growth after bouncing by 29% over the past 24 hours alone. The cryptocurrency is already close to the previous ATH price of $2.70, as it currently sits at $2.26. MATIC managed to find solid support at $1.06 (.618 Fib Retracement) during last week’s crypto price correction and has since rebounded.
Several North American crypto mining industry players plan to establish the Bitcoin Mining Council, an organization designed to promote transparency and sustainable energy usage. According to MicroStrategy CEO Michael Saylor, the companies agreed to form the organization after a meeting with Elon Musk.
The cryptocurrency market is currently in an uncertain position – the recent Bitcoin price crash can either be interpreted as a correction on the way to new highs, or a signal that the bull market for cryptocurrencies is coming to an end. One thing we do know is that there has been a flurry of news related to cryptocurrencies in recent weeks that have been interpreted as negative by many market participants, and the bearish turn in market sentiment most likely contributed to the widespread selling.
Dogecoin isn’t the newest Cryptocurrency on the block by any stretch of the imagination, but it is the one that is hitting the headlines. There are many reasons why people are interested in Dogecoin, but the fact that it spiked 400% in 7 days certainly got people’s attention. If you have invested in any sort of digital currency that has a rise of that much, you may wonder what your next investment is going to be. Many people choose to put their skills to use and play some at a casino, especially as many online casinos now offer the facility to top-up accounts using Bitcoin and other Cryptocurrency directly. This Bitcoin casinos list is helpful if you’re looking for casinos that allow you to top-up your account using Bitcoin.
Tesla CEO Elon Musk says that he doesn’t plan to sell his Dogecoin holdings. In response to a tweet speculating that Musk holds a significant amount of DOGE and is the "ultimate hodler", the famous entrepreneur responded "Yeah, I haven’t and won’t sell any DOGE".
Without a doubt, Bitcoin mining as well as mining of other Proof-of-Work based coins is an energy-intensive process. The energy consumption of the Bitcoin mining industry is equivalent to the one of a small country, such as Switzerland.
Bitcoin took a sharp 19% price drop over the past week of trading as it falls beneath $33,000. It is currently attempting to rebound, but most of the sentiment metrics continue to look bearish.
