Day: January 21, 2022

Opera’s new launch Web3 Crypto Broswer Is All Set For Your Device

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Opera, the famous email browser, has introduced a beta version of its web3 crypto browser. The new beta version is more than just your average internet surfer. Along with features such as a built-in cryptocurrency wallet and shortcut for quickly switching between different crypto exchanges. They have also added decentralized apps support. Web3 Crypto Browser Opera Web3 crypto browser supports both cryptocurrency and blockchain technology. It can function in an environment where digital currencies are accepted and store your funds securely for use on the web or when making transactions…

SEC rejects MicroStrategy’s Bitcoin accounting practices: report

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Business intelligence firm MicroStrategy reportedly acted contrary to the Securities and Exchange Commission’s accounting practices for its crypto purchases. According to a Bloomberg report, a comment letter from the SEC released Thursday showed the regulatory body objected to MicroStrategy reporting information related to its Bitcoin (BTC) purchases based on non-GAAP, or Generally Accepted Accounting Principles. The business intelligence firm has been reporting it used these methods of calculating figures for its BTC buys excluding the “impact of share-based compensation expense and impairment losses and gains on sale from intangible assets”…

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Redditors share their thoughts on buying Bitcoin at all-time highs

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Many crypto enthusiasts turned to social media on Friday to voice their frustrations with the state of the crypto market. One Reddit user named imyourkingg allegedly invested 30% of his net worth into Bitcoin (BTC) a few months ago, saying: “I don’t need this money for the next 5 to 10 years, but I have to admit sometimes I get so afraid of Bitcoin’s future; I mean it crashes or never reach $100k, $200k as the predictions for 2025+ says or at least $55k again lol, and I lose that money,…

Ethereum Could Hold Lead as Dominant Smart-Contract Blockchain: Coinbase Analysts

Don’t write off Ethereum just yet. The second-largest blockchain network by market capitalization after Bitcoin has become the dominant venue for some of the hottest cryptocurrency innovations, from decentralized finance (DeFi) to non-fungible tokens (NFT). The network’s popularity – and the high fees of transacting on it – has inspired a bevy of competitors aiming to undercut Ethereum with lower costs, faster speeds and higher throughput. Speculation that up-and-coming “ETH killers” or layer 1 blockchain alternatives such as Solana, Binance Smart Chain and even Cardano might one day overtake the…

Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk

The crypto market was in a sea of red on Friday as bitcoin, the world’s largest cryptocurrency by market capitalization, tumbled more than 10% over the past 24 hours. It appears that global investors have entered the year with a reduced appetite for risk, and so the correlations between speculative assets such as cryptocurrencies and equities have increased, which results in widespread losses. Bitcoin is down roughly 40% from its all-time high of almost $69,000, while the S&P 500 is down about 7% from its peak, compared with a 10%…

Know Stablecoin Regulations to Enjoy Safe Digital Trading

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Stablecoins have become the new sensations nowadays, and people have started to adopt Stablecoins due to the fluctuations that cryptos have created. However, Cryptos has been in the news regularly due to its regulations in different countries. A stablecoin would act as a barrier and control the cryptocurrency fluctuations. Wow! Wow! Wow! This is what is happening around the world with the regulations being imposed in various regions. However, Stablecoins are making crypto owners crazy. Now let us look at what a stablecoin is, the regulations imposed with it, and…

Twitter Seeks Senior Crypto Role on Heels of NFT Verification Announcement

“Want to help shape the future of crypto at Twitter?” asks Tess Rinearson, Twitter’s crypto engineering lead, in a Friday tweet. The role – “Senior Product Manager, Crypto,” according to a job listing posted this week – has a special focus on “creator monetization.” “In this capacity, we’ll be looking closely at NFTs and NFT tooling, membership tokens, DAOs and more!” the post reads, referring to non-fungible tokens and decentralized autonomous organizations. The announcement comes as Twitter ventures further into the realm of Web 3, perhaps to the chagrin of…