The investment arm of Crypto.com has reduced its spending on new projects in the crypto industry, as doubts emerge about whether rising values can be sustained. According to a Bloomberg report, the investment wing of Crypto.com, known as Crypto.com Capital, which had approximately $500 million at its disposal for funding startups in the industry as … Read more
Amidst the pessimistic crypto market and economic uncertainty, one alternative coin, Trump (MAGA), has unexpectedly surged by 14% on a daily basis. Could this be an indication of investor confidence in a potential game-changer for the US, or merely a gamble in these volatile times? All crypto niches down Today, Bitcoin has decreased by 1.8%, … Read more
Polygon, a scaling solution compatible with Ethereum, has made great strides in gaining popularity. It offers quick and affordable transactions without compromising security. One essential aspect ensuring the security of the Polygon network is its Proof-of-Stake (PoS) consensus system, relying on “stakeholders” to validate transactions and maintain the chain’s integrity. In this piece, we delve … Read more
Approaching the upcoming Bitcoin halving, there’s growing concern about the financial impact on miners. Historically, after a halving event, miners face a substantial reduction in income due to the decrease in block rewards. This trend is evident in data from IntoTheBlock, an analytics firm that specializes in on-chain analysis. Despite this decline, Bitcoin’s value tends … Read more
A prominent Bitcoin investor through Grayscale Investments has experienced a 50% decrease in the value of its spot Bitcoin ETF, GBTC, prior to the Bitcoin halving event. The GBTC’s value dropped by nearly half from 619,220 BTC on January 11, when it first began trading. April 16 marked the 66-day point for the Bitcoin spot … Read more