Category: Crypto News

Crypto rout worsens: Bitcoin, crypto mcap fall by more than 50% in 3 months

After a tough start to 2022 cryptocurrency prices have plunged into a complete meltdown. The Federal Reserve’s signalling of the end to its quantitative easing policy, and amid political turmoil and disruption in Kazakhstan, the prices of the top cryptocurrencies have fallen between 50% and 80 percent in the last three months. This shock came as…

Fed’s Minutes Report ‘Bludgeons’ Global Markets – Stocks, Crypto, Precious Metals Slip in Value

Recently published notes of the Fed meeting last month. These notes indicate that the U.S. central banking believes the economy is strong enough to reduce major asset purchases and raise the benchmark interest rate. Vishnu Varathan , Mizuho Bank’s financial author, stated in a report the Fed minutes update ‘bludgeoned markets’ after being published. Randall W. Forsyth, Barron’s financial writer,…

‘It’s game over fiat currency’ says El-Salvador President backing Bitcoin experiment in country

Thursday, December 23rd, El-Salvador President Nayib Bukele reiterated his belief in Bitcoin (BTC). He stated that once widespread adoption happens, it’s ‘game over for fiat. The physical currencies, such as the Rupees and Pounds, are called “fiat”. Bukele claimed that Bitcoin legalization has sparked a revolution in his country. Bukele took to Twitter to say that…

Budweiser Launches 1,936 NFT Cans, Bud-Themed Marketplace Gets Bogged Down With Traffic

The crypto community debated the purchase by Budweiser of an NFT by Tom Sachs, titled ‘Life of the Party‘. Budweiser also purchased the Ethereum Name Service domain (ENS) on August 11, 2021. Opensea records shows that Budweiser spent $96,000, or 30 ether, to purchase the ENS domain. Because it’s a tribute to the first Heritage Cans that were launched in 1936,…