Crypto and Faucet news and Blog
Bitcoin is a cryptocurrency, a virtual currency designed to act as money and a form of payment beyond the control of any person, group or organization, thus eliminating the need for third parties to participate in financial transactions. Blockchain miners are rewarded for the work done in verifying transactions and can be purchased on several…
Bitcoin (BTC) and cryptocurrencies continue to be accepted and supported in the USA as well as all over the world. The “Liberty Party”, the third largest party in the US, reiterated its support for Bitcoin in a post on its Twitter account. Stating that Bitcoin is leading a decentralized monetary revolution, the party argued that…
Most of the Bitcoin mining companies have recently started to sell a significant portion of the Bitcoins they produce. For example, recently Bitfarms announced that it sold 3,000 BTC, followed by Core Scientific, 7,202 BTC. After these Bitcoin sales, which put a certain amount of pressure on the price, eyes were turned to Marathon Digital,…
Argentine customs has confiscated 2,233 Bitcoin and cryptocurrency mining rigs that it claims were billed nearly $5 million more than their actual value, Ambito Financiero reported.Allegedly Inflated Value of Imported Bitcoin Mining DevicesThe machines were each valued at $10,000 for import purposes, but were actually only worth $6,316-7,700 each, according to a filing by the…
The leading cryptocurrency had a nice bull season between 2020 and 2021. While many altcoins are seen to have risen enormously, Bitcoin has reached the levels of 69 thousand dollars. On November 10, 2021, the day when Bitcoin reached its peak, the transaction volume in the leading cryptocurrency had risen sharply. In those days, many…
Chinese Official National Media has warned that Bitcoin could fall as low as zero dollars to deter investment in cryptocurrencies in the country. The Chinese government’s warnings to crypto investors that Bitcoin is heading towards zero have now taken the form of propaganda in the country. The English-language newspaper South China Morning Post (SCMP) in…
Although the recent sharp declines of the leading cryptocurrency have greatly affected investors, it is noteworthy that Bitcoin miners have dealt much bigger blows. Miners, who make huge BTC sales due to the increase in the cost of Bitcoin production, cause the seller pressure on the leading cryptocurrency to increase day by day. Miners, who…
Ripple, one of the most popular blockchain companies in the crypto market, shared that they have opened their first office in Canada and are now working all over the world, according to the announcement they made on Wednesday. Based in Toronto, this new office will serve as the company’s “main engineering centre.” Ripple CEO Brad…
On Tuesday, US markets returned from the holiday with buyers. S&P 500 increased 2.45%, Nasdaq 2.51% and Dow Jones index 2.15%. Purchases were concentrated in the energy sector and companies with a trillion dollar market value. The dollar index is still holding above the 104 level. While US second-hand home sales in May were realized…
The US 10-year Treasury yield stands at 3.28 percent, up five basis points on expectations that the Fed will continue to raise interest rates to suppress inflation. The dollar index, which continues its downward movement during the day, is trading at 104. While there is upward movement throughout the day in futures indices, the mixed…
The United States of America, one of the largest economies in the world, continues to dominate the financial markets. It is observed that the decisions taken and the statements made affect the cryptocurrencies as well as the stock markets. The COVID-19 pandemic period, which started in 2020, has caused many problems and troubles. This epidemic,…