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As cryptocurrency gains more widespread adoption and popularity, crypto mining companies are coming under the spotlight. Instead of buying Bitcoin or Ethereum, crypto traders and investors are buying crypto mining stocks in order to gain "crypto exposure". These crypto mining stocks are attractive to the more risk averse trader as…
Last week Bitcoin become a $1T asset class and the price of the leading cryptocurrency is still growing aiming to break its record of $64 400. But what about the other digital assets? Let's dive in and take a look. Ether aims to hit the $4000 barrier Three months ago the second largest cryptocurrency by market cap was selling for $2000 after reaching its record high of $4350 in May.…
Due diligence is important when looking into any asset class. However, doing one's homework may be even more important when it comes to digital currency, as this asset class has been around for far less time than more traditional assets (like stocks and bonds) and comes with substantial uncertainty. Conducting the proper research on cryptocurrencies may require a would-be investor to explore many areas. One area in particular that could…
2021 has become a pivotal year for Cryptocurrency as every single day major companies around the globe are increasing their crypto assets or investing heavily in the next unicorn. Here on our weekly update, we keep you updated on the most essential topics from last week. The crypto market is mooning! During last week the crypto market saw an amazing surge with the total market cap reaching $2.32T. Bitcoin saw…
Solana is a project that advertises itself as the world's fastest blockchain, one that could potentially process millions of transactions per second. Solana's sol tokens have experienced some very impressive gains at times, skyrocketing in 2021, for example. While the project seems to hold great promise, it has encountered some technical difficulties. For example, the Solana network went down in September 2021 when it became overwhelmed with transactions. What Is…
The crypto industry is growing ultra-fast so let's take a look at some of the most important news from last week. El Salvador plans to mine Bitcoin with volcanoes El Salvador's president, Nayib Bukele, wrote on Twitter that the country has started a project to mine Bitcoin using geothermal energy from volcanoes. The tweeted clip showed a data center in the forest and crypto mining equipment accompanied by the comment…
There are thousands of interesting articles and news coming out of the crypto industry every week but to help separate the signal from the noise below are the articles that caught my eye this week. Twitter enables tipping with Bitcoin Twitter will enable its users to process payments with BTC, the largest cryptocurrency by market capitalization. They will be providing two options; the first is via a menu of payment…
Ethereum "London upgrade" is rolling out today - what can go wrong? Today is a historic moment for the crypto community because one of the long-awaited updates in Etherium is on its way. In the last few days, Ethereum price surged above $2700 - the main reason - "London upgrade". What is the "London upgrade"? The "London upgrade" will integrate 5 protocols that are expected to improve the Ethereum network.…
While Bitcoin was the first digital currency to scale—it's also the largest cryptocurrency by market value at the time of this writing—it is not the only big name in the marketplace. Investors have taken a keen interest in digital assets for their ability to provide diversification and compelling returns, but they can benefit from knowing that there are alternatives to Bitcoin. Ripple (XRP), for example, is a cryptocurrency that has…
Bitcoin (BTC) has come up under scrutiny this week after its price dropped well below $40k, a far cry from the highs of around $64k seen only a month ago. The sharp volatility is the primary factor feeding its critics as several events have contributed to what is yet another sudden price correction and significant drop: Elon Musk tweets On May 12, Tesla CEO Elon Musk said the electric car…
Developers and industry participants have produced a multitude of digital currencies since Bitcoin became the first digital currency to scale, meaning that it attained widespread adoption. These innovative currencies have been created to fulfill a wide range of objectives, ranging from creating a global payment system to serving as the "gas" needed to fuel a platform from decentralized apps (DApps). Monero, one of the more prominent digital currencies, has generated…
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