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The world’s largest cryptocurrency passes the $50,000 mark for the first time in a month

Digital Asset Firm Kraken Releases Report on Benefits of Centralized Finance Platforms Amid DeFi Boom The team at digital assets firm Kraken has revealed that cryptocurrency savings accounts are quickly becoming an “attractive option over traditional savings accounts.” As interest rates continue to decline – sometimes going negative at European banks and other jurisdictions – consumers are increasingly looking for ways to maximize passive returns on their digital assets. In Kraken’s last DeFi report, the exchange looked at how industry participants are trying to maximize their prin...

Inflation Hedges like Gold, Real Estate, are Effective, but Bitcoin, other Cryptos Emerging as Wealth Protectors: Report The team at digital assets firm Kraken has released a new report on Inflation, which they refer to as the “insidious thief.” As mentioned in a blog post by Kraken, the concept of inflation is “front and center again for many market participants, but not everyone is certain of what impact inflation will have on the crypto markets.” As noted by the digital currency platform, many people have speculated for years that Bitcoin’s (BTC) “disinflationary nature” co...

Technology by Ben Graham 24th May 2021 10:26 AM After seven days that saw investors lose millions in a crash that wiped more than 50 per cent from bitcoin's all-time high, the future of cryptocurrencies suddenly looks a lot less certain than it did this time last week. After soaring to over $65,000 per bitcoin in April, the world's biggest and most well-known digital currency dropped to just under $30,000 before making a small recovery. The slight uptick at the end of the week is fuelling optimism among many investors who are h...

Bitcoin investors have been rocked by a price crash that's wiped more than 50% from bitcoin's all-time high...