One of the top gainers this week has been Avalanche (AVAX), gaining over 35% this week and over 13% today alone. With a market cap of $18b, Avalanche is a behemoth of a crypto. Let’s take a closer look at AVAX and see what all the hype is about.
Federal Deputy Luizão Goulart, a Brazilian congressman, proposed a bill to legalize crypto payments as a mode of payment for public and private sector workers.
Binance, the world’s largest crypto exchange announced a multi-year partnership with one of Europe’s top professional football clubs – FC Porto.
The rivalry between the top two cryptocurrencies, Bitcoin and Ether, has been messy and long drawn out. And this has presented an omnipresent dilemma for potential investors.
Bank of America’s chief operating officer does not see cryptocurrency as competition. Instead, he views it as an asset class, noting that “people like it for all sorts of different reasons.”
Square Inc. has reported bitcoin revenue of $1.82 billion in the third quarter, an 11% increase from the same period last year. Its bitcoin gross profit was $42 million during the time period, a 29% increase year-over-year.
The U.S. House of Representatives has passed the $1 trillion infrastructure bill, which has divided policymakers and industry stakeholders across the country. What’s left now is for President Biden to sign it into law.
Authorities in the Netherlands have arrested a Russian national with a cryptocurrency business, the Foreign Ministry in Moscow has confirmed. The man involved in the establishment of two crypto exchange platforms was apprehended earlier this month, reportedly on a request from U.S. law enforcement.