Tag: crypto

Shiba Inu Becomes the Most Popular Crypto in 2021, Surpassing Dogecoin and Bitcoin on CoinMarketCap

In a recent tweet, the world’s most-referenced cryptocurrency price-tracking website CoinMarketCap announced that Shiba Inu was the most viewed crypto in 2021. It is currently the 13th largest cryptocurrency in the world, with a market cap of over $20 billion. According to CoinMarketCap, Shiba Inu recorded more than 188 million views during the last 12 months, while…


Turkish Unit of Crypto Exchange Binance Fined, News Agency Says

ISTANBUL—Turkey’s Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency said on Saturday. The fine imposed on BN Teknoloji was the first of its kind after the authority took on responsibilities to oversee crypto…


Cryptocurrency Now in the Sights of Australian Regulators

The Australian government has given an ear to the cryptocurrency industry and appointed a new committee that will oversee the development of long called for regulation in the sector which is worth trillions of dollars globally. More than 800,000 Australians have already made crypto transactions over the last three years—a figure growing at an accelerated…


Microsoft Leads $27 Million Early-Stage Funding in Crypto Startup Palm NFT Studio

Crypto startup Palm NFT Studio said on Thursday it had raised $27 million in an early-stage funding round led by Microsoft Corp’s venture fund M12 with participation from venture firm Griffin Gaming Partners. Palm NFT, co-founded by Joseph Lubin, offers services for artists to establish NFT marketplaces. Lubin was also one of the co-founders of…


Bitcoin Plunges 12 Percent as Omicron Fears and Fed Taper Bets Continue to Pressure Risk Assets

Bitcoin and other cryptocurrencies fell sharply on Dec. 4, in another sign that Omicron uncertainty, concerns about surging inflation, and firming expectations that the Fed will speed up its pullback of stimulus are feeding a wave of risk-off sentiment. By 8:14 a.m. New York time, bitcoin was down 12 percent at $47,177 on Coinbase, while…


More Than $750 Million Worth of Crypto Positions Liquidated on Concerns Over New COVID-19 Variant ‘Omicron’

After the World Health Organization (WHO) warned of a new COVID-19 variant named Omicron detected in South Africa, the cryptocurrency market went into panic selling on Friday. With Bitcoin (BTC) falling below $63,000 and markets closing in the red, many crypto traders have had their positions liquidated. Bitcoin’s decline pulled down the entire market along…


NFT Picked as ‘Word of the Year’ by Collins Dictionary

Collins Dictionary announced Wednesday that “NFT” has been chosen as its Word of the Year in consideration of the fact that NFT’s usage has increased 11,000 percent in 2021, while digital assets like cryptocurrencies keep on gaining mainstream acceptance. “It’s unusual for an abbreviation to experience such a meteoric rise in usage, but the data…


China to Impose Punitive Fees on Cryptocurrency Mining Amid Power Shortage

China’s National Development and Reform Commission (NDRC) on Nov. 16 announced that it will impose “punitive electricity prices” on some cryptocurrency miners. In a press conference, Meng Wei, spokesperson for NDRC, stated that the measure will be imposed on companies that mine crypto and only pay residential electricity prices. In addition, industrial-scale mines and state-owned…


Whales Love Shiba Inu: Top 1,000 Ethereum Wallets Hold $2.36 Billion SHIB

The 1,000 richest Ethereum (ETH) wallets hold more than $2.36 billion worth of Shiba Inu (SHIB) combined. What Happened According to data from WhaleStats, Shiba Inu is now the top ERC-20 token holding amongst Ethereum whales, excluding ETH itself. At the time of writing, the top 1,000 ETH wallets held a combined value of $2,365,211,253 which represented 21.18 percent of…


NTD Business Full Broadcast (Nov. 17)

President Biden asking regulators to investigate whether energy companies are ripping off consumers, as gas prices hit record highs. Amazon will stop taking visa credit cards issued in the UK. It’s part of a years long standoff it has with the company. What does that mean for merchants? and one of the most famous stadiums in sports history…