Sweden’s FSA calls for ‘energy-intensive mining’ of crypto-assets to be ‘prohibited’

The age-old concerns regarding Bitcoin‘s environmental implications have continued to irk communities and governments across the world. In the latest pushback against Bitcoin mining, the Swedish Financial Supervisory Authority has requested the European Union to enact a blanket ban on cryptocurrency mining which uses the “energy-intensive” proof of work system. The statement released earlier today […]

Quant price analysis: Quant gears up to rise past $258 again

TL;DR Breakdown Quant price analysis is bearish today. The bulls are struggling to gain control. The bears might lose their momentum soon. Quant trades between $258.37 and $252.33 in the last 24 hours. It might be a suitable time to invest as the Quant market is gearing up to recover. Today, Quant price analysis is […]

Elon Musk To Sell 10% Of His Tesla Stocks To Buy Bitcoin?

The CEO of Tesla Elon Musk has shaken the finance world once more, and the consequences could impact Bitcoin. Via his Twitter account, Musk asked his followers if he should sell 10% or around $25 billion of his company’s stocks as a result of potentially new tax requirements on unrealized gains to be implemented in […]

Mythical Games nets a $150M Series C financing boost

TL; DR Breakdown Mythical Games has secured a USD150 million additional capital injection. The crypto-gaming firm raised the funds from its recent series of financing rounds. Andreessen Horowitz (A16z), a Silicon Valley Venture Capital (VC) firm, led a consortium of investors in providing the finances. These new funds have seen Mythical Games attain unicorn status. […]

Bakkt Set To Expand Its Crypto Offering To Include Ethereum

Digital asset marketplace Bakkt on Friday announced that users and partners will soon be able to buy, sell and hold ether (ETH). Users will also be able to send Ethereum to family and friends through its app. Institutional clients can also choose the Bakkt Warehouse for custody of ether. Related Reading | Bakkt and CME launch new […]

NFTs In A Nutshell: A Weekly Review

The gathering in New York City this week for NFTs biggest meetup at NFT.NYC was far from your normal conference. One of k-pop’s biggest groups is diving into NFTs. And NFTs could just be the future of video games. It’s just a few of the biggest topics of discussion over the past seven days. As […]

XRP, Chainlink, Litecoin Price Analysis: 06 November

The altcoin industry observed a plunge as the prices dipped for the majority of the alts. As a result, altcoins like XRP, Chainlink, and Litecoin noted losses on their daily charts.  Near-term technical indications for all the above alts suggested a decreasing buying momentum and favored the sellers. XRP TradingView, XRP/USDT XRP oscillated in a […]

Commonwealth Bank in Australia Will Give Customers Access to Crypto

A major bank in Australia known as the Commonwealth Bank will allow users to buy and sell cryptocurrencies through its app. This is a first for such a major institution in the Outback nation. The Commonwealth Bank Is Bringing Crypto to Customers The bank has established partnerships with firms such as the Gemini Exchange in […]