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Bitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations have dropped considerably in recent weeks. At the end of February, bitcoin dominance levels started sliding downward from 61% to today’s 50%. Meanwhile, from the same point in time ethereum’s market capitalization has increased from 11.8% to today’s … Read more
The Biden administration has revealed plans to raise taxes on investors who are millionaires according to a flurry of recent reports. President Joe Biden wants to overhaul the U.S. economy in order to help fund American childcare and education. Biden’s proposal will almost double the current capital gains tax rate from 20% to 39.6%, and … Read more
Peter Brandt is bracing for bigger price drops as technical indicators suggest bulls will yet be spared an apocalyptic crash. Go to Source Powered by WPeMatico
The creator of the stock-to-flow models, PlanB, says that Bitcoin is still acting “like clockwork” with regard to the their predictions. Go to Source Powered by WPeMatico
The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments. A Natwest board member, Morten Friis, explains the bank has no appetite for dealing with these types of customers as Natwest is taking a “cautious approach” … Read more
He’s committed to buying 111 Tesla Model 3s if BCH is added as a payment method. Is it a publicity stunt or something more? Go to Source Powered by WPeMatico
Altcoins begin to deliver gains on Thursday, while Bitcoin stays down, bringing its market cap dominance below 50%. Go to Source Powered by WPeMatico
On April 21, Bitcoin network fees touched an all-time high according to a number of transaction fee aggregators. The average bitcoin transaction fee is approximately $59.88 and the median fee is around $26.44 USD per transfer. Bitcoin Fees Climb Sky High After the Hashrate Plummeted The cost to send a bitcoin (BTC) transaction has never … Read more
Scott Minerd seems convinced that a huge price correction is imminent, as industry names line up to disprove him. Go to Source Powered by WPeMatico
Just recently, Shapeshift founder and CEO Erik Voorhees published a blog post about a new project called Thorchain, a protocol that allows for decentralized exchanges without wrapping or bridging technology commonly used today. Thorchain launched on April 13, 2021, and the Shapeshift founder recently revealed his company is first to leverage the multi-chain protocol in … Read more