Cryptocurrency

China could be facing more lockdowns as COVID-19 cases mount, while all eyes are on Microsoft, Alphabet, Meta, Apple, and Amazon earnings. 5 min read Photo by Getty Images Key Takeaways Investors Concerned that Spike in COVID-19 Cases in Beijing and Shenzhen Could Lead to More Lockdowns Stocks Continue to Fall Monday as Investors Get Nervous that Fed May Overreact  ...

Audio player loading… Coinbase has announced that it has removed transaction fees for its Coinbase Card to allow customers to more easily spend their cryptocurrencies. The popular cryptocurrency exchange is reimagining the crypto spending and earning experience by removing transaction fees and giving users more opportunities to earn rewards. While Coinbase customers often spend USDC and other stablecoins, crypto spending fees on other assets are viewed as a barrier when it comes to using crypto for everyday purposes. For this reason, the company has decided to remove the transaction fee for crypto spending on its Coinbase Card to provide customers with more flexibility in regard to how they spend their crypto or cash. At the same time, as customers spend more, Coinbase wants to make it easier for them to fund purchases on their crypto debit cards by giving them more options to easily load up their cards. They can now do so by getting some or even all of their paycheck deposi...

If, in 2017, you had taken a gamble and purchased a comparatively new digital currency called Bitcoin, today you would be a millionaire many times over. But while the industry has provided windfalls for some, local communities have paid a price. Cryptocurrency is created by computers solving complicated mathematical equations—a process that took off after a Chinese company called Bitmain started selling a machine in 2016 with application-specific integrated circuits that made it possible to do this specialized computing much more quickly. "Almost overnight," says Colin Read, a professor of economics and finance at the State University of New York at Plattsburgh, "a crypto-mining arms race began." Each Bitcoin transaction consumes 1,173 kilowatts  People began scouring the world for cheap sources of energy to run large Bitcoin-mining farms using these circuits. Cryptocurrency notoriously devours electricity; each Bitcoin transaction consumes 1,173 kil...

[unable to retrieve full-text content] Best Utility Tokens to Buy in April 2022    Business 2 Community

Dogecoin is a cryptocurrency, like Bitcoin or Ethereum—although it's a very different animal than either of these popular coins. Dogecoin was originally created at least in part as a lighthearted joke for crypto enthusiasts, and took its name from a once-popular meme. What Is Dogecoin? Software engineers Billy Marcus and Jackson Palmer created Dogecoin in late 2013. Palmer branded the cryptocurrency's logo using a meme popular at the time that featured the deliberately misspelled word "doge" to describe a Shiba Inu dog. "Doge was really started to poke fun at Bitcoin," said Pat White, CEO of Bitwave. In its early days, a community of enthusiasts arranged publicity stunts to raise Dogecoin's profile, gathering funds to send the Jamaican Bobsleigh team to the 2014 Olympics, for instance, or sponsoring a NASCAR driver. In early 2021, Dogecoin gained cult status on Reddit's WallStreetBets message board—the prime instigator behind the GameStop aff...

FNB Protocol (FNB) traded up 0% against the dollar during the 24 hour period ending at 21:00 PM E.T. on April 10th. Over the last week, FNB Protocol has traded down 5.8% against the dollar. FNB Protocol has a market capitalization of $74,754.92 and $2.00 worth of FNB Protocol was traded on exchanges in the last day. One FNB Protocol coin can currently be bought for $0.0000 or 0.00000000 BTC on popular cryptocurrency exchanges. Here is how related cryptocurrencies have performed over the last day: Binance USD (BUSD) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00002363 BTC. Polygon (MATIC) traded 2.1% lower against the dollar and now trades at $1.43 or 0.00003379 BTC. Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC. Dai (DAI) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00002362 BTC. Parkgene (GENE) traded flat against the dollar and now trade...

Cryptocurrencies languished, mirroring equity markets, although regulation and fundamentals are "moving in the right direction". Bitcoin, the largest coin by market cap, fell 1.84% to US$38,979, falling and staying below the key support level of US$40,000. Ethereum, on the other hand, fell 3.38% to US$2,849, also trading below its own key support level of US$3.000 and changing hands at its lowest level in over a month. Recently, cryptos are increasingly following the movement of the equity markets, in particular, the tech-heavy Nasdaq and Hang Seng. The Nasdaq lost 2.55% to 12,839 while the Hang Seng is currently down 3.55% to 19,904. According to Naeem Aslam, a market trader at Avatrade, Bitcoin moving below US$40,000 has "set a negative tone for cryptos." "US$40,000 is an important price level, and traders do not want to see the price keep falling below this price level again and again as this gives more power." Aslam...