There over 7,900 cryptocurrencies today, and those digital assets are collectively worth $2.7 trillion, skyrocketing over 1,200% since December 2019. To put those gains in context, the S&P 500 has generated a total return of 495% over the last two decades. Based on that data, it makes sense to allocate a small percentage […]
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Why New York State Is Experiencing a Bitcoin Boom
A bitcoin mining operation is opening northeast of Niagara Falls this month on the site of the last working coal plant in New York State. Across the state, a former aluminum plant in Massena, already one of the biggest cryptocurrency sites in the United States, is expanding. And in Owego, […]
Bitcoin Just Surpassed $50,000, But Will These Latest Gains Last?
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Bitcoin prices rose above $50,000 after their recent sell-off. getty After experiencing a rough weekend where bitcoin prices suffered a notable sell-off, the digital currency has bounced back, surpassing $50,000 late this afternoon. Now that the prominent cryptocurrency has risen above this level, technical analysts and market observers are watching […]
BitMart to compensate victims of $196 million hack, restore trading
Crypto trading platform Bitmart says it will use its own money to reimburse victims of a large-scale security breach, in which hackers took as much as $196 million. Bitmart claims hackers withdrew about $150 million in assets. However, blockchain security and data analytics firm Peckshield, which first publicized the hack, estimates […]
Top 10 Cryptocurrencies With Better Potential Than Bitcoin
It was over a decade ago that Bitcoin, the world’s first cryptocurrency came into existence. Since then, hundreds of cryptocurrencies made their way into the cryptocurrency market. No wonder Bitcoin remains the most valued and highly invested cryptocurrency, but there are quite a good number of altcoins that are definitely […]
Top Business and Crypto Stories of The Week: November 25
Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before. HYPEBEAST has rounded up the top business and crypto stories of the week […]
3 Underrated Altcoins to Buy As Polkadot Surges 158%: Crypto Analyst
Bitcoin and ethereum have each had an outstanding 2021 but may be running out of upside. Mehdi Farooq, a senior analyst at Token Metrics, made the case for polkadot to go on a big run. The crypto bull shared why he still likes bitcoin and ethereum but is closely eyeing […]
Cryptocurrency miners suffer amid major energy crunch in Kazakhstan
Cryptocurrency miners in Kazakhstan are facing widespread electricity shortages amid a surge in mining, as reported by the Financial Times. Kazakhstan has been grappling with an overloaded energy grid as miners flock in from China, which cracked down on crypto earlier this year and banned crypto-based transactions in September. Over […]