How to Invest in Cryptocurrency: A Beginner’s Guide

The growing interest, adoption, and investment in cryptocurrency, also called crypto for short, has many investors curious about getting into the game. This beginner’s guide will define cryptocurrency as an asset class and take you through the basics of investing in it. Learn what crypto is, the different types, what to consider before investing, and details to help you determine if it…

How Long Do Bear Markets Last?

The average bear market length is 289 days, or roughly nine and a half months.  For the first time since 2020, the S&P 500 closed in bear market territory on June 13, 2022, dropping by over 20% from its peak in January. So, are we in a bear market? The answer is yes.  A bear market indicates a steep decline in stock prices. While bear markets…

Bitcoin ATM decline: Over 400 machines went off the grid in under 60 days

Between December 2020 and January 2022, more than 1,000 crypto and Bitcoin ATMs were installed each month. Crypto ATMs — one of the key infrastructure pillars for the mass adoption of cryptocurrencies — have seen a drastic reduction this year. In the first two months of 2023, the net cryptocurrency ATMs installed globally reduced by 412 machines. Since 2014, the…

China doles out millions in digital yuan in bid to boost adoption: Report

china : Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season. Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup. According to a Feb. 6 report in the Global…

Spanish rehab center adds crypto trading addiction to services list

he rehabilitation center cited estimates that about 1% of cryptocurrency traders will develop an “extreme” addiction to crypto trading. A luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction — crypto trading. The center, called “The Balance,” is a Switzerland-founded wellness center, with its main facility located on the Spanish island…

Why is the crypto market down today?

The crypto market is down today as Bitcoin and stocks correct and investors await Powell’s comments on the size of the next interest rate hike and the health of the US economy. The crypto market is down today, as market volatility increases ahead of the Feb. 1 post-Federal Open Market Committee (FOMC) presser where Fed Chairman Jerome Powell will talk…

Monkey Drainer-linked scammers possibly exposed after an on-chain quarrel

The scammers referred to their pseudonym during a blockchain message argument that may have revealed their actual identity, according to CertiK. Blockchain security firm CertiK believes to it has found the real-life identity of at least one scammers allegedly linked to the “Monkey Drainer” phishing scam. Monkey Drainer is the pseudonym for a phishing scammer who uses smart contracts to steal NFTs…

South Korea to deploy cryptocurrency tracking system in 2023

The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance. The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities. The “Virtual Currency Tracking System” will be…

Bitcoin ‘so bullish’ at $23K as analyst reveals new BTC price metrics

Market analyst Cole Garner suggests that Bitcoin bulls are in for a treat amid an ongoing BTC price renaissance. Bitcoin  BTC  $23,030  remains firmly “bullish” at $23,000, according to new on-chain metrics from one of the industry’s best-known names. In a preview on Jan. 28, market cyclist and on-chain analyst Cole Garner revealed what he said were “backtested and validated” Bitcoin trading tools….

U.S gov’t $1.5T debt interest will be equal 3X Bitcoin market cap in 2023

The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices. Commentators believe that Bitcoin  BTC  $23,010  bulls do not need to wait long for the United States to start printing money again. The latest analysis of U.S. macroeconomic data has led one market strategist to predict quantitative…