Google’s cloud unit is launching a team to create services for developers operating blockchain apps. The move is part of its effort to capitalize on the growing popularity of crypto and related initiatives.
On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now gain access the crypto investment products in order to get exposure to bitcoin or ethereum without actually owning the digital currencies.
NFT’s from some of the most popular blockchain networks for crypto art are coming to Instagram with the announcement of a pilot as soon as Monday.
Failure to align with the wider financial services industry by enforcing sanctions against Russia will come at a high cost for the crypto sector.
Bitcoin price analysis for May 8, 2022, comes on a bearish note for the token with high chances of losing the $34,000 as well. The sell-off for the coin continues and it seems that we might continue to see lower lows in the near future as well. As noted in our BTC price analysis for May 7, 2022, the BTC coin found important support at the $35,000 price level, and following a surge in selling pressure, we saw the world’s biggest cryptocurrency below $35,000. It is important to note that we might see BTC drop towards $30,000 in the near future as well.
With the cryptocurrency markets currently in a bearish period, one investment strategy discussed heavily is Dollar Cost Averaging (DCA). For those new to investing/trading, a common question might be what is Dollar-Cost Averaging exactly, and how do I use it for crypto investments?
The U.S. Securities and Exchange Commission (SEC) has charged Nvidia Corp. for failing to disclose that crypto mining significantly boosted its revenue. The company agreed to a cease-and-desist order and to pay a $5.5 million penalty.