Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open new accounts or transfer money.” Nubank Now Offers In-App Crypto Trading Nubank, one of the world’s…
Ethereum gas prices more than doubled from Tuesday to Wednesday and are on track to double again today, per data from blockchain explorer Etherscan. Much of the cause for the increase are transfers involving the addresses of centralized stablecoins, Tether and USDC. Tether stablecoin transactions have accumulated the most in fees over the last 24 hours, besting trades on decentralized…
One of the principal aspects of on-chain analysis is to examine transactions over the network. Unlike exchange-involved transactions, which often lead to price volatility, transactions outside of exchanges demonstrate the network utility as possible payments among users. It makes a positive contribution to the development of the network over the long term if users are interacting with one another. Therefore,…
El Salvador’s Bitcoin bet doesn’t appear to be paying off. The value of the 2,301 Bitcoin purchased by the Latin American country has now fallen by $37 million as the price of Bitcoin drops to its lowest point since December 2020. President Nayib Bukele has spent a total of $103 million on Bitcoin, according to data compiled by Bloomberg, after…
I’ve always considered myself a left-leaning progressive type… or, in my mind, someone who prides themselves on putting the needs of everyday folk over corporate interests or the wealthy few. I grew up in a coastal city with liberal parents, went to progressive schools, and can spit a Marxist critique of just about anything you throw at me. Fairly distributing…
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The crypto market experienced another day of pain on May 12 as the fallout from the Terra’s LUNA and UST failure continues to ripple across the ecosystem. While the coverage for UST and its impact on Bitcoin (BTC) have been extensively covered over the past few days, the pullback has also had a significant impact on the price of Ether…
Coinbase stock closed today up by nearly 9%, despite America’s biggest cryptocurrency exchange having a very rough week. The stock closed the trading day at $58.50, up 8.9% in 24 hours. Coinbase, which trades as COIN on the NASDAQ, closed yesterday at $53.72, following some difficult news: the San Francisco-based exchange yesterday posted a quarterly loss of $430 million, and…
African youth make up the largest demographic of the continent and yet they suffer the most due to underrepresentation in the government. However, Bitcoin fixes this. “The idea whose time has come” has unlocked the full potential of African youth who are set to not only contribute to hyperbitcoinization directly but most importantly make ends meet for their kin while…
The Shanghai High People’s Court has issued a document in which it states that Bitcoin is subject to property rights laws and regulations. That finding was made in relation to a lawsuit filed in a district court in October 2020 involving the recovery of a loan of 1 Bitcoin (BTC). The lower court recognized Bitcoin as having value, scarcity and…
