Monthly Archives: May 2021

Spot gold last week hit its highest price level since Jan. 8 after dipping to as low as $1,680 in early March. 10656 Total views 3 Total shares In the aftermath of the Mid-May crypto market sell-off, gold has seen significant price recovery.Gold prices continued to inch higher on Tuesday, hitting $1,887 per ounce at…

Popular TikTok viral “meme coin” SafeMoon could be vulnerable to malicious exploits by hackers on account of purported security vulnerabilities in its smart contract code.According to a smart contract audit by blockchain security firm HashEx, SafeMoon currently has 12 of such vulnerabilities with five being classified as ranging between being of a “critical” and “high-severity”…

Ultimately, crypto taxing could be part of the business, H&R Block CEO Jeff Jones added. 4315 Total views 2 Total shares As the debate surrounding crypto regulations heats up, tax professionals are taking a more cautious approach to deal with Bitcoin (BTC) and other earnings. The United States-based tax preparation service company H&R Block is…

Greenpeace USA spoke to Cointelegraph about the organization's perspective on cryptocurrency and recent decision to scrap its Bitcoin donations channel. 8160 Total views 7 Total shares With the hindsight of today's perspective on Bitcoin's (BTC) exorbitant energy consumption, it might come as something of a surprise to learn that the international non-governmental environmental organization Greenpeace was…

HSBC will not be joining the growing list of major banks offering Bitcoin and crypto investment products to customers and clients. 3552 Total views 3 Total shares The recent tumultuous price action for cryptocurrencies seems to be providing ample opportunity for popular anti-crypto bank HSBC to double down on its negative stance towards virtual currencies.Speaking…

One has introduced smart contracts and is the fabric of decentralized finance, the other is... a meme. 7085 Total views 73 Total shares In just over five years since it launched, Ethereum introduced the world to smart contracts, decentralized finance, yield farming and non-fungible tokens, and has long stood just behind Bitcoin as the second-largest blockchain project…

Massive volatility on crypto markets has been always associated with an uptick on stablecoin markets, a Tether exec noted. 9216 Total views 2 Total shares Tether (USDT), the world’s largest stablecoin by market capitalization, continues to grow despite record-breaking cryptocurrency outflows triggered by Elon Musk’s Bitcoin (BTC) criticism.On Monday, Tether’s market cap hit $60 billion…

The Federal Reserve Governor has urged the United States to be at the forefront of developing CBDC to maintain the U.S. dollar’s role as a global reserve currency. 19798 Total views 2 Total shares The Fed’s governor has argued that The United States must be at the forefront of developing a central bank-issued digital currency,…

Many stocks of publicly traded firms that are exposed to Bitcoin have suffered significant drawdowns this month. 19235 Total views 3 Total shares The fallout from this month’s violent crypto market meltdown appears to have flowed into the stock markets, with publicly listed firms with exposure to crypto assets seeing significant losses during May.The month…