Avatar photo

Arsen Islamov

Bitcoin will become legal in Ukraine

Bitcoin in Ukraine

Owners of cryptocurrencies in Ukraine will be able to legally exchange bitcoin and altcoins, enter them in tax declarations, as well as start a blockchain business. Foreign cryptocurrency exchanges, in turn, for the first time will be able to work…

Monero (XMR) is under threat


The Monero (XMR) cryptocurrency community, which is among the top 50 by capitalization, fears that the network could be under 51% attack. In such a case, members of one mining pool could receive all of the cryptocurrency from mining and…

Bitcoin growth has been predicted


Nicholas Merten explained why the first cryptocurrency – bitcoin – will continue to grow in the short term. Experts’ opinions may not coincide with the position of the editorial board. We do not give investment advice, the material is published…

Cardano (ADA) was named the most undervalued cryptocurrency


Cryptocurrency Cardano (ADA) is the most undervalued in the market. The oversold level of the asset exceeds the indicators of two years ago, due to which the majority of altcoin holders are in losses. This was reported by crypto analyst Ali Martinez in his Twitter. He came to this conclusion after analyzing MVRV indicator (Market Value to Realized Value) from analytical company Santiment, which shows the difference between profit or loss of investors who bought the asset last year. According to this indicator, holders of ADA are on average 26% loss. Such oversold value has not been seen even since the March 2020 coronavirus pandemic collapse in the financial markets. Cardano is trading at $1.16 According to the cryptocurrency exchange, Cardano is trading at $1.16 as of Feb. 11. During the week, the asset’s exchange rate rose 13%. At the same time, the capitalization of the altcoin is estimated at $38.4 billion. The company believes that the increase in trader activity on the asset can also be judged by the fall in the inflow of funds in the accounts of large investors. And they cite IntoTheBlock data: it has fallen by 94% in 3 months, while in the last 30 or 7 days it has fallen by 26.5% and 32%, respectively. At the same time, there is an outflow (i.e., outflow) of funds from such accounts in almost similar negative values. This may indicate a decline in institutional interest in the asset as a whole. ADA’s historical high was set in September 2021 at above $3. But since then, Cardano’s price has fallen 61%. According to WhaleStats, a service that tracks large moves in the virtual asset market, Cryptocurrency Whale bought 5 million Cardano (ADA) for $6 million on February 9. The transaction fee was $2. Meanwhile, millionaire investors control 24.87% of Cardano’s circulating supply (about 8.34 billion of the 33.57 billion ADA), according to analyst firm IntoTheBlock. In addition, since mid-December-2021, the number of addresses holding between $10,000 and $1 million in ADA has increased by 15,000%

Tesla spent $1.5 billion on bitcoin a year ago

Tesla holds BTC

$1.5 billion bitcoin investment in 2021 from Tesla resulted in a $101 million loss due to the first cryptocurrency’s devaluation. The value of the company’s bitcoin assets surged by over half a billion dollars at the same period. While owning…