Digital currencies have revolutionized the gaming industry.
Since the start of the new year, Bitcoin showcased an impressive price rally soaring from its previous price of below $17,000 to around $23,000 these days.
Paranoid? The domino downfall of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress.
Market intelligence platform Santiment, in a report last week, identified nine undervalued crypto assets in terms of short-term and long-term returns.
"I believe Bitcoin will outcompete all fiat currencies. But Bitcoin can, at the same time, live side by side with fiat," Prince Philip said.
"When this finally breaks through, we'll see a glorious god candle to $30,000," the crypto strategist said.
The cryptocurrency market regained the $1 trillion capitalization at the start of the week despite worrying signs of the market bottoming.
Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin.
Coinbase on Wednesday agreed to pay $100 million to settle a case with New York regulators.
Aside from the plummeting Tesla shares, which lost 65% of their value in 2022, the electric vehicle maker also lost a significant amount due to its Bitcoin holding, representing 0.088% of Musk's loss.
Bitcoin has been trading down over the past months, with its price plummeting further following the FTX collapse and after the Federal Reserve announced another interest rate hike earlier this month.
The Texas-based bitcoin miner has suffered from this year's crypto rout and high electricity costs.
The Bank of Japan on Tuesday announced that it is adjusting its yield curve control policy by expanding the trading on its 10-year yield target 0.23% to 0.50%, a decision expected to have major ramifications across the globe.
Nigeria banned the usage of Bitcoin in February 2021; however, backpedaling its stance, the African nation is now reportedly looking to legalize crypto usage.
Here are the best crypto gift ideas for this Christmas as it is extremely unlikely that 2023 will be worse than 2022.
"Shark Tank" investor and co-host of CNBC's Money Court, Kevin O'Leary, testified before a U.S. Senate Committee that Binance purposely caused the FTX collapse.
"Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures," the Federal Open Market Committee noted.
The court document underlined that aside from Bitcoin, the U.S. regulator now considers Ethereum and USDT, among others as commodities.
The cryptocurrency industry has been through a lot this year and another interest rate hike from the Federal Reserve is expected to plummet the price of crypto assets, including the major ones like Bitcoin and Ethereum.
Sam Bankman-Fried says he is willing to testify before the U.S. House Financial Services Committee about the collapse of the cryptocurrency exchange.
The upcoming Bitcoin halving event for block number 840K in the spring of 2024 could postively impact the price of Bitcoin.
"I'm nearly bankrupt," says Jad Fawaz, a crypto trader in Abu Dhabi. "I'm laughing because there's no point in exerting more depression and more frustration about it."
