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Gold prices log a fifth straight rise as a drop in bitcoin supports the metalGold futures climbed Wednesday, extending their rally to a fifth straight session, with a drop in bitcoin prompting investors to seek refuge in the precious metal. This year, bitcoin and cryptocurrencies saw much more investment demand and retail participation than gold,…[Read more]

EOS Plunges 38% In SelloffInvesting.com – EOS was trading at $5.8232 by 08:45 (12:45 GMT) on the Investing.com Index on Wednesday, down 37.72% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed EOS’s market cap down to $6.4084B, or 0.38% of the total cryptocurrency market cap. At its highest, EOS’s…[Read more]

Litecoin Plunges 39% In RoutInvesting.com – Litecoin was trading at $186.332 by 08:48 (12:48 GMT) on the Investing.com Index on Wednesday, down 38.95% on the day. It was the largest one-day percentage loss ever.

The move downwards pushed Litecoin’s market cap down to $14.895B, or 0.89% of the total cryptocurrency market cap. At its highest,…[Read more]

Ethereum Plunges 34% In Bearish TradeInvesting.com – Ethereum was trading at $2,243.40 by 08:50 (12:50 GMT) on the Investing.com Index on Wednesday, down 34.30% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Ethereum’s market cap down to $289.64B, or 17.25% of the total cryptocurrency market…[Read more]

Bitcoin Tumbles 24% In SelloffInvesting.com – Bitcoin was trading at $34,318.1 by 08:54 (12:54 GMT) on the Investing.com Index on Wednesday, down 24.39% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Bitcoin’s market cap down to $698.8B, or 41.61% of the total cryptocurrency market cap. At…[Read more]

New OCC head requests review of cryptocurrency rules The United States’ banking regulator, the Office of the Comptroller of the Currency, is set to review cryptocurrency-related rulemaking following Brian Brooks’ departure.

Michael Hsu, the newly-appointed Acting Comptroller of the Currency, has requested a staff review of former OCC rul…[Read more]

United States OCC Chief Will Review Previously-Issued Crypto RegulationsThe United States Office of the Comptroller of the Currency will review crypto policies.
The new OCC Chief Michael Hsu will prioritize the review of key regulatory standards.
Hsu expressed his concern on the initiatives previously issued.
The new United States Office of the…[Read more]

Kusama: Recent 50% Surge, Developments, and the FutureKusama (KSM) recently began a terrific price rally which saw the asset rise by over 50%.
This increment in value has seen Kusama trade at over $581 which now reflects in its market capitalization which is now at $4.9 billion.
The rise in value can be attributed to a number of factors including…[Read more]

Stock ETFs Tumble as Bitcoin PlummetsWith the FOMC Minutes coming Wednesday afternoon, stocks and ETFs tumbled overnight and into a third consecutive day session, as investors dumped cryptocurrencies, spurring additional selling in speculative areas of the market. After dropping 586 points at its low of the day, the Dow Jones Industrial Average…[Read more]

Bitcoin Plunges 31% In SelloffInvesting.com – Bitcoin was trading at $30,442.3 by 09:11 (13:11 GMT) on the Investing.com Index on Wednesday, down 30.79% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Bitcoin’s market cap down to $574.2B, or 41.94% of the total cryptocurrency market cap. At…[Read more]

BlockFi Now Mining Bitcoin With BlockstreamCrypto Lender BlockFi is now planning to mine Bitcoin using Blockstream Mining.
BlockFi will set up shop in a warehouse in Adel, GA with up to 300 MW power.
BlockFi will run a mix of MicroBT and Bitmain miners for the project.
Crypto lender BlockFi has paired up with Blockstream to mine Bitcoin. The…[Read more]