Category: Banking

Continuing its bid to push deeper into the US market, Luxembourg-based Bitstamp has announced a special Earn product for American investors. The product, which is already available in non-US countries, acts as a turnkey Ethereum (ETH) and Algorand (ALGO) staking solution, allowing investors to collect rewards upon staking these tokens.

In return, they must pay a fee to Bitstamp on the yield they earn. The yields, however, are not generated through lending as is common with other high-interest crypto accounts. It is a protocol-driven set of rewards instead.

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Bitstamp Trajectory: A Slow But Steady Rise

Bitstamp is one of the industry’s most well-known cryptocurrency exchanges. Bitstamp is particularly well-known since it allows you to buy cryptocurrencies with fiat currencies like the US dollar and the Euro.

Although the platform was designed with European clients in mind, it currently serves clients all around … Read more

The cryptocurrency market continues to inch upwards after a big selloff last week. Its total cap is $967 billion, up by 5% in the past 24 hours, and by 10% since hitting $875 billion on Sunday. Most major coins are also up with the market, with some altcoins seeing bigger gains than others. We collect the most promising of these in this list of the 5 best cheap cryptocurrency to buy.

5 Best Cheap Cryptocurrency to Buy

1. Lucky Block (LBLOCK)

At $0.00104441, LBLOCK is up by 7% in the past 24 hours. It’s also up by 18% in the past week, but down by 59% in the last 30 days.

LBLOCK remains a strongly undervalued coin, largely because it’s new and hasn’t yet been listed widely. Still, thanks to the ongoing development of the Lucky Block crypto games platform, it’s position where it can capitalise significantly as and when the … Read more

Bitcoin’s price made a sharp downtrend last week, with prices falling below $18000 for the first time since 2020. The president of El Salvador, Nayib Bukele, took to Twitter to share advice with Bitcoin investors concerned about the falling prices.

El Salvador’s president urges Bitcoin investors to be patient

El Salvador adopted Bitcoin as legal tender in September last year, becoming the first country to do so. The country’s Bitcoin law was passed when Bitcoin’s price was hovering around $50,000. The country saw notable returns when BTC reached an all-time high of $69,000 in November.

The ongoing bear market has put pressure on El Salvador’s Bitcoin holdings. However, Bukele has addressed the concerning trend in Bitcoin’s price and even shared advice with fellow Bitcoin investors.

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“My advice: stop looking at the graph and enjoy life. If you invested in [Bitcoin] your investment … Read more

From the beginning of this week, the cryptocurrency market has fallen precipitously. While the market is showing signs of improvement, losses are still being felt, with projects such as the USDD stablecoin experiencing a significant drop from its $1 peg.

Despite the fact that the USDD is considerably below its index, TRON’s native token, TRX, has risen dramatically in the last 24 hours. The gains are the result of the TRON DAO Reserve’s efforts to keep the USDD peg.

Tron DAO’s Effort to Save USDD Peg

Justin Sun, the inventor of TRON, is devoted to guaranteeing that the USDD stablecoin does not face the same fate as the defunct Terra UST stablecoin. Sun has promised that the USDD stablecoin peg would be restored, which appears to be helping TRX’s value.

On Wednesday, the TRON DAO Reserve set aside $220 million for buying tokens of TRX on the Binance exchange. Sun … Read more

Fidelity Director of Global Macro- Jurrien Timmer recently showed three on-chain metrics indicating that Bitcoin is undervalued.

A few days ago in a post on Twitter, the director of Fidelity said that Bitcoin may be “cheaper than it looks.” The investment expert mentioned that the price of Bitcoin (BTC) compared to the digit of wallet addresses that are dealing with the token currently is compared to the year 2017, which was the time when the cryptocurrency entered its latest “winter season”.

In that post, Timmer gave a distinct viewpoint which gives a similar conclusion. He states that the token value compared to the number of non-zero addresses that hold some Bitcoin (BTC) in it – is dealing less than the network’s predicted curve.

An analysis of some on-chain data metrics indicates that the real valuation of the coin can be higher than its current price. While Bitcoin has dropped to … Read more