Indeed, bearish and sideways trading of nearly all crypto assets since January, paired with rising electricity costs, has started a domino effect of mining companies facing a profitability crisis or downright filing for bankruptcy, including several well-known names in the sector. Compute North The first domino to fall was Compute North, the second-largest Bitcoin mining hosting provider in the United States, which filed for Chapter 11 bankruptcy in late September, followed by another court order requesting a bankruptcy sale to liquidate assets to cover its accumulated debt....

What is VPN, and what are the key benefits for the user? A Virtual Private Network or simply a VPN is an encrypted Internet connection that allows a private web user to gain access to shared or public networks with full privacy protection. To put it another way, a VPN secures your internet traffic by masking your IP address and physical location, hence allowing the user to hide their footprints from any third-party interference....

Through Twitter, Binance CEO Changpeng Zhao announced that about 175 oxygen connectors worth $200,000 are already available and would arrive in Indian hospitals within seven days. Zhao underlined that the charity branch of Binance is still working on the over 1,000 connectors while also sharing his goodwill message to those fighting the pandemic. Binance adds to the list of crypto entities helping India combat the pandemic that has outrun the country’s health system....

While appearing on Layah Heilpern’s podcast, Dowd reiterated that once Bitcoin matures, it will likely beat gold due to unique features such as the ability to be transacted digitally. According to Dowd, although gold remains a viable investment, Bitcoin stands a better chance as a store of wealth. He stated that Bitcoin’s growth journey, characterised by rises and falls, is helping the flagship cryptocurrency’s ability to stay longer. The investment adviser added that with the maturity of the cryptocurrency sector, Bitcoin is likely to stand out from the rest of the market....

Meanwhile, Bitcoin and Ethereum could continue their growth and even “regain edge” as they record very low volatility and risk compared to the stock market, according to the new Bloomberg Intelligence report shared by senior commodity strategist Mike McGlone on November 3. Specifically, the volatility of BTC and ETH, as well as the Bloomberg Galaxy Crypto Index (BGCI), have dropped to low levels compared to most other assets, which, according to the report, “may tilt risks against those not accumulating partial crypto exposure....

Bitcoin has reached the psychological $12,000 level for the second time a few hours ago during the Asian trading session. The move has resulted in a 4.4% gain for the asset over the past 24 hours according to Tradingview.com. Over the weekend, Bitcoin slid to an intraday low of $11,540 on Sunday but managed to regain composure with buyers pushing it back up to its highest level for over a week....

Following the minor drop, Kitco News analyst Jim Wyckoff on October 31 suggested that Bitcoin bulls are still in control, citing an ‘overall near-term technical advantage’ over bears. Consequently, based on the recent price movement, Wyckoff pointed out that investors should expect Bitcoin to trade sideways as a tug-of-war ensues between bulls and bears. Bitcoin technical analysis Following the correction, Bitcoin technicals appear shaky, with the summary aligning predominantly between neutral and buy....

As it happens, Kaleo, a popular crypto trader and the co-founder of LedgArt, has suggested that Bitcoin could reduce its correlation with the stock market. The analyst drew this conclusion using technical analysis (TA) to compare the performance of the flagship crypto to other assets in a tweet on October 14. According to Kaleo’s explanation: The crypto analyst emphasized that this means that the decentralized finance (DeFi) asset’s present activity “should give it a clear shot to outpace SPX back to the 2017 ratio ATH and higher....

With a market capitalization of $390 billion, Bitcoin now ranks in the 16 spot losing its position to high-profile traditional financial products, data provided by the company Market Cap indicates. Over the past year, Bitcoin had sustained its status in the top ten group while cementing its position as one of the best-performing assets in the last decade. Bitcoin’s potential to replace gold In particular, Gold remains the most valuable asset, with a market capitalization of $11 trillion....

Bitcoin is up almost 5% over the past 24 hours as the world’s top digital asset powered to a new 2020, and 33 month high of $16,490 during the Asian trading on Friday morning before a slight pullback. The massive move has built on November momentum that has lifted the asset above last year’s peak signaling that the bull market is definitely in play. This month alone, BTC has made a whopping 20% as it outperforms traditional assets such as gold which has actually declined by one percent over the same period....

Compared to the S&P 500, Dow Jones Industrials, and Nasdaq indices, Bitcoin has recorded an average ROI of 1,645% over the last five years, data retrieved from Finbold’s Bitcoin ROI tool indicates. The digital currency’s returns are higher by 1,978% when compared to the Dow Jones. The asset’s ROI is also 1,734% higher than the S&P 500 index that tracks the stock performance of the United States’ top 500 companies....

The flagship digital asset experienced the most extended continuous decline since 2018 in the first week of January, with some crypto market experts warning that a sell-off might occur if BTC goes below the crucial psychological level of $40,000. Currently, Bitcoin is changing hands at $43,618, up 2.15% in the last 24 hours and down 4.98% across the previous week, according to CoinMarketCap statistics. The cryptocurrency presently has a market value of $825 billion and an overall market dominance of 39....

According to the EU’s foremost privacy regulator, the fine was imposed because of a security breach’s late report. The hotel booking website had undergone a security breach on January 13, 2019, but did not report until February 7. As a legally registered business in Amsterdam, Netherlands, the law dictates that the company should have reported the case within 72 hours. Its failure to report the case was a violation of privacy regulation in the country, hence the fine....

Dog-themed cryptos like Dogecoin and Shiba Inu coin have seen a surge in popularity, and demand for real-life Shiba inus has, in turn, skyrocketed too, according to Bloomberg. In general, Shiba Inu breeders throughout the United States have reported that their businesses are booming due to the two cryptos bringing the Japanese hunting dogs into the spotlight. Even though Dogecoin, a cryptocurrency inspired by a 2013 online joke and featuring a dog’s image, gained popularity this summer, it was momentarily exceeded in market value by SHIB, a meme coin whose value has risen by about 800% in the last month....

Indeed, Cardano is currently trading at $0.6698, which is a 28.77% gain on the day, but also an advance of 29.10% compared to seven days ago, according to the data acquired from the analytics platform CoinMarketCap on May 31. At press time, it is only bested by Waves (WAVES), which has gained 47.48% on its price compared to the day before. On this list, ADA is followed by Axie Infinity (AXS), Aave (AAVE), and Kava (KAVA)....

Celebrities depicted crypto as a realm with its own unique culture and philosophy, one that was more inclusive than conventional finance and that featured the opportunity to both earn and make a lot of money. While this year’s edition of the Super Bowl was dubbed the “Crypto Bowl” because a large number of commercials, some of which cost as much as $7 million for 30 seconds, showcased the cryptocurrency sector, with several of these advertisements featuring prominent figures in the industry....

Speaking to Kitco News, Mashinsky noted that the price might go as high as $160,000 sparking a selling environment as investors aim to cash in. However, the executive projected that the selling pressure would trigger a drop around the second quarter of next year, consequently leading to a correction that might end up at $80,000. His sentiment came as Bitcoin plunged below the $50,000 mark as the entire market continued to experience volatility....

How much did the COVID-19 pandemic affect the rise of online banking? The coronavirus pandemic had a devastating impact on the world as a whole. In fact, this impact cannot be fully calculated still as the pandemic is far from over. There is a risk of the second wave in many places. And even the countries that are “in the clear” already, will continue to suffer from the economic ramifications of it....

Using ADSIEdit

One of these experts is Meltem Demirors, the chief strategy officer at a $5 billion worth crypto asset management company CoinShares, who expressed her organization’s view that “we are going to stay where we are for a while” in an interview with CNBC’s Squawk Box on July 11. ‘More pain ahead’ According to Demirors, more trouble can be expected across different markets as there’s an evident lack of upside catalysts in the face of other unfavorable large-scale factors....