Tag: ETHAUD

China Crypto Ban: This Province Just Hiked Electricity Prices for Crypto Mining Activities

Since China’s central government levied cryptocurrency mining as an obsolete industry, smaller provinces are beginning to follow the electricity price hike rule for crypto mining activities. According to the Chinese Journalist, Colin Wu, Hainan Province just announced the implementation of higher electricity price of US$0.13 (0.8 yuan) per kilowatt-hour for cryptocurrency mining operations in the […]

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Here’s What Led to the $500 Billion Crypto Market Mayhem Earlier Today

The crypto market recorded its worst day in six months as the majority of cryptocurrencies bled out in double digits. The crypto market mayhem saw the biggest liquidation day in 15 months as over $2.5 billion worth of leveraged positions got liquidated over the past 24-hours. The overall market cap fell by nearly 20% with […]

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XRP Lawsuit: This Development in Scope of DPP May Make or Break the Case

Nobody saw it coming, the latest development in the XRP lawsuit is the ultimate cliffhanger for the SEC’s long-standing Deliberative Process Privilege (DPP) argument. Judge Netburn has ordered both parties to submit supplemental briefs by December 8, on Defendants’ Motion to Compel, referring to the 11/29 decision by U.S. Court of Appeals in an unrelated case […]

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As BTC and ETH Tank Nearly 20%, Buy The Dip Interest Spikes to 3-Month High

The cryptocurrency market has witnessed one of the most brutal corrections of 2021 with the overall market tanking more than 15% in a matter of hours. The world’s two top cryptocurrencies plunged nearly 20% earlier today before bouncing back marginally. Bitcoin (BTC) witnessed a low near $43,000 while Ethereum (ETH) witnessed a low around $3,500. […]

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Indian Crypto Bill in Anvil, Govt. to Weigh Pros & Cons of Crypto

The latest update in the controversial Indian Crypto Bill saw the Finance Minister, Nirmala Sitharaman consider the underlying technological boon that comes with the industry’s banes. While speaking at the ‘Agenda Aaj Tak‘ event in Delhi yesterday, Sitharaman noted that the crypto bill is in anvil and will soon be sent for approval to the […]

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Crypto Market’s Loss Turns El Salvador’s Gain, President Bukele Buys the Bitcoin (BTC) Dip Again

Saturday crypto market mayhem saw the valuation of top cryptocurrencies fall in double digits and the market cap fell by nearly 20%. Bitcoin (BTC) dropped to a 2-month low of $42.848 and its market cap fell below $1 trillion, Ethereum (ETH) also fell to a monthly low below $4,000. Source: Coin360 The crypto market bloodbath […]

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Bloodbath on the Satoshi Street, Bitcoin (BTC) Market Cap Slips Under $1 Trillion

The broader cryptocurrency market has plunged once again by eroding more than $350 billion worth of investors’ wealth in the last 24-hours. The world’s two largest cryptocurrencies have plunged 12% as of writing this story moving to their crucial support levels. The recent market correction comes as Omicron Covid variant fear spreads across the global […]

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AtlasVPN Report: From Q1-Q3 2021, US Citizens Lost $956 million to investment-related Crypto Scams

Amid the increasing mainstream crypto adoption, crypto-related frauds are also shooting through the roof. According to a recently published report by atlasVPN, Americans have lost upto $956 million, to investment-related crypto crimes this year from Q1 to Q3. This amounts to an unbelievable 277.8 percent hike in investment-related crypto frauds in 2021 as compared to last […]

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Here’s What the Indian “Crypto Asset” Regulations May Look Like?

The Indian Finance Minister, Nirmala Sitharaman noted that to regulate a borderless body like crypto, global authorities need to come together and find common ground. During a discussion today at an event organised by Infinity Forum, about how India should regulate virtual currencies, Sitharaman highlighted that “technology has the power to sweep through borders”, henceforth, […]

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Investor Charlie Munger Calls Crypto ‘Crazier Than DotCom Era’, Backs China for Banning Them

The crypto market rally this year in 2021 has been indeed crazier with the broader growing market growing 3x by adding nearly $2 trillion to the overall market cap. However, traditional investors and big names like Charlie Munger are finding it too difficult to digest. The investment legend calls this rally in the crypto market […]

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