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cryptocurrency

‘Omicron’ Crypto Price Rises 900% After Variant Emerges

Omicron token surged in price by over 900% on Monday after a new coronavirus variant of the same name has been discovered. The DeFi cryptocurrency, which was launched weeks before the new variant first emerged, went from $70 to...

The Rise and Fall of Hellenic Coin, Greece’s First Cryptocurrency

Hellenic Coin (HNC), Greece's first cryptocurrency, collapsed earlier in November after the CEO went off the radar for about two weeks, alarming investors about the future of the crypto. The price of Hellenic Coin plunged as Vangelis Tsapas became unavailable...

Patch of Virtual “Land” Has Been Sold for $2.4 Million in Cryptocurrency

A plot of virtual land in Decentraland has been bought for $2.4 million dollars worth of cryptocurrency on Monday. Decentraland is an online metaverse landscape whose space and items are backed by the Ethereum blockchain. Users participate in this world...

First Bitcoin ETF Has Officially Started Trading

The first Bictoin-linked exchange traded fund officially went live on Tuesday. The ProShares Bitcoin Strategy ETF started trading at $40 a share when it opened on Tuesday, and was up 5% by the time the market closed. The ProShares fund...

Bitcoin Could Bring Another Financial Crisis, Bank of England Warns

A senior deputy at the Bank of England cautioned on Wednesday that the cryptocurrency Bitcoin could lead to another financial crisis. Deputy governor Sir Jon Cunliffe said that governments must begin to instill stricter regulations on crypto, comparing the volatility...

Elon Musk Tweet Sends Shiba Inu Coin Up 30%

Elon Musk's latest tweets have rocked the crypto market yet again. The 50-year-old CEO of Tesla shot the Shiba Inu coin up by 30% after posting pictures of his dog, Loki. Loki is the same breed of dog as the...

All You Needed to Know About Cryptocurrency in Greece

In the past couple of years, cryptocurrency has invaded Greece's society, mostly because of high taxation and the pandemic. While the average Greek might not know what "bitcoin" means, interest in its mining has risen significantly. In Greece, an estimated...

Crypto Value Soars After El Salvador Uses Volcanic Energy to Mine Bitcoin

The price of cryptocurrencies is soaring after El Salvador's President Nayib Bukele announced on Friday that the country is using volcanic energy to mine Bitcoin. The news came via Bukele's twitter account, where the president posted a video of a...

US Department of Treasury Blacklists Russian Crypto Exchange Suex

United States Treasury Secretary Janet Yellen announced that the Department of the Treasury will introduce sanctions against the Russian cryptocurrency exchange Suex on Wednesday. Suex has been effectively blacklisted for allegedly laundering millions on behalf of ransomware operators, fraudsters...

Why an American Think Tank Brands Bitcoin ‘a Scam’

An American think-tank called the Gravel Institute recently released a new video explaining why it believes Bitcoin is a scam akin to a Ponzi scheme. Writer and economist Doug Henwood spoke in the video explaining why he believed Bitcoin resembled...