Crypto News

A Sydneysider Makes $50,000 Fortune on Cryptocurrency

A Sydney man has experienced a remarkable financial turnaround after impulsively investing in emerging cryptocurrencies while out with friends four years ago. Josh Ng, now 24, invested approximately $12,000 in what was then considered an experimental currency, and his decision has paid off handsomely, yielding an incredible profit of $50,000. With his investment now five […]

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Bloomberg\’s strategist predicts Bitcoin may reach $100K as a global reserve asset.

Bloomberg’s senior strategist has recently labeled Bitcoin as a global reserve asset, predicting that it is on a trajectory toward reaching $100,000. This assessment underscores Bitcoin’s growing role in the financial landscape, as it becomes increasingly recognized as a reliable store of value amid economic uncertainty. The strategist believes that Bitcoin’s unique properties and finite

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Ethereum Founder Vitalik Buterin Joins Dogecoin Board

The Dogecoin Foundation, established in 2014 to advocate for the cryptocurrency and provide trademark protection, has remained relatively inactive for some time. However, the organization is now actively seeking funding for the next three years to hire a full-time team dedicated to advancing Dogecoin’s development and outreach efforts. This initiative aims to rejuvenate the foundation

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Over $1B Worth of Ether Burned After Ethereum Upgrade

On August 5, 2021, the Ethereum network and its community successfully completed the highly anticipated London upgrade, which introduced the Ethereum Improvement Proposal (EIP)-1559. This significant update not only enhanced the network’s functionality but also revamped its fee structure. Since the upgrade, an impressive total of 303,681 ether, valued at nearly a billion dollars, has

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Facebook’s Cryptocurrency Project, the Novi Digital Wallet

David Marcus, a Facebook executive, has announced that the Novi wallet is designed to deliver affordable and accessible digital payment solutions. He highlighted that Novi could play a crucial role in tackling the challenges associated with the world’s expensive and inefficient payment systems. By streamlining transactions and enhancing user experience, Novi has the potential to

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