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Japan’s Digitalization Effort will have Mixed Credit Impact across Sectors, says Moody’s Report

Japan’s digitalization effort will have mixed credit impact across sectors according to a new report by Moody’s investor services. Under Prime Minister Yoshihide Suga, Japan’s (A1 stable) government is aiming to promote digital transformation (DX) through the newly formed Digital Agency. The Digital Agency will lead efforts to digitalize Japanese government operations, and to increase … Continue reading Japan’s Digitalization Effort will have Mixed Credit Impact across Sectors, says Moody’s Report

Bitcoin’s Market Capitalization Bigger Than Tesla and Ford Combined

The recent bull run of Bitcoin (BTC), the first digital cryptocurrency has created awe that has stretched far beyond the crypto space. Many people, particularly those who have no Bitcoin holdings are beginning to pick interest in the asset, particularly through the attention the mainstream media is showering on BTC. Without paying much attention to … Continue reading Bitcoin’s Market Capitalization Bigger Than Tesla and Ford Combined

Cardano’s ADA Becomes Third Largest Cryptocurrency by Market Capitalization

ADA, the native crypto of Cardano, has made headlines currently as its value has risen immensely, making it the third-largest cryptocurrency by market capitalization. The crypto has broken to a fresh all-time high of $1.37 per coin, up 10% in the last 24 hours. The cryptocurrency increased its price by 13% in the past week, … Continue reading Cardano’s ADA Becomes Third Largest Cryptocurrency by Market Capitalization

Ethereum’s Market Capitalization of $500 Billion Will Need To Double to Flip That of Bitcoin

Ethereum (ETH) has been the talk of the town since it hit its new all-time high at the beginning of the week. The world’s second-largest cryptocurrency spiked to a new all-time high (ATH) of $4,350 even though it has retraced to $4,316 at the time of writing, according to CoinMarketCap. Ethereum’s remarkable bull run has … Continue reading Ethereum’s Market Capitalization of $500 Billion Will Need To Double to Flip That of Bitcoin

Bitcoin Lost Over $500 Billion in Market Capitalization With the Latest Correction

The price of Bitcoin (BTC) has driven to the lowest point near $30k due to sharp corrections after hitting highs above $64.5k in mid-April. On May 19, BTC fell to around $30K, resulting in the biggest single-day drop of price, up to 30%. The price level of $30K was close to the beginning of 2021, which indicated that … Continue reading Bitcoin Lost Over $500 Billion in Market Capitalization With the Latest Correction

Michael Saylor Defends BTC Mining Council Embraces Decentralization

Michael Saylor, Bitcoin bull and MicroStrategy CEO, defended Tuesday the newly established Bitcoin mining council against criticisms that it runs to counter the decentralized nature of Bitcoin. The news regarding the establishment of the Bitcoin mining council recently caused uproar and encountered criticism. Crypto critics were quick to point out that the formation of such … Continue reading Michael Saylor Defends BTC Mining Council Embraces Decentralization

India May Imposes 2% "Equalization Levy" on Offshore Crypto Exchanges

India intends to impose a 2% “equalization levy” on investors on cryptocurrency trading transactions from offshore exchanges that provide services to the Indian market, citing the local media sources. Per a report in the Economic Times on Tuesday, investors may burden extra cost by paying a 2% tax on the settlement price of cryptocurrencies purchased from overseas cryptocurrency … Continue reading India May Imposes 2% "Equalization Levy" on Offshore Crypto Exchanges

BaaS Market Expected to Hit $15.8B by 2026, Driven by High Immutability & Secure Decentralization

According to a report by Research and Markets, a leading market research store, the global blockchain-as-a-service (BaaS) sector is anticipated to reach $15.8 billion by 2026 from the current $2.31 billion, recording a compound annual growth rate (CAGR) of 46.9%. Per the report: “Organizations are leveraging numerous advantages of BaaS services, comprising security, high immutability … Continue reading BaaS Market Expected to Hit $15.8B by 2026, Driven by High Immutability & Secure Decentralization

Bitcoin Realized Capitalization Hits ATH Amid the Fear and Greed Index, Jumping to Neutral Grounds

Bitcoin (BTC) has been in a ranging market ever since the leading cryptocurrency experienced a significant pullback, which prompted a $10K daily loss from the $52,000 level. Nevertheless, the realized capitalization has been on an upward trajectory after hitting a record high. On-chain metrics provider Glassnode explained: “Bitcoin realized cap just reached an ATH of … Continue reading Bitcoin Realized Capitalization Hits ATH Amid the Fear and Greed Index, Jumping to Neutral Grounds

Bitcoin’s Dominance Skyrockets as Market Capitalization Tops $1 Trillion

Bitcoin’s latest momentum has made the market capitalization top the $1 trillion mark, a milestone first seen in February. The leading cryptocurrency was up by 5.91% in the last 24 hours to hit $54,517 with a capitalization of $1.03 trillion during intraday trading, according to CoinMarketCap. Santiment believes Bitcoin’s dominance and price have been driven … Continue reading Bitcoin’s Dominance Skyrockets as Market Capitalization Tops $1 Trillion