Author name: Cryptoolio Team

Facebook’s cryptocurrency failure came after internal conflict and regulatory pushback

A popular mantra in Silicon Valley is “fail fast.” It took Facebook less than three years to fail in its high-profile cryptocurrency project. Facebook’s shuttering of the project, which would have created a way for users to pay for things and send each other money that wouldn’t need to go through the regular financial system, […]

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Bitcoin price climbs back above $37,000

Bitcoin was trimming recent losses and trading above $37,000. Ether, the second biggest cryptocurrency by market capitalization, was trading around the $2,400 level. Heading into Wednesday’s trading Bitcoin was down in six of the past seven days and traded off more than 20% month-to-date. GET FOX BUSINESS ON THE GO BY CLICKING HERE The International Monetary Fund

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Bitcoin’s dead-cat bounce? Here are the signs that may indicate price bottoms, analysts say

Bitcoin bounced back above $37,000 Tuesday, a day after plunging to its lowest level since July in a wild start to the week. However, the cryptocurrency still lost almost half of its value from its all-time high in November, prompting some investors to question if the recovery is short-lived and will be followed by a

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Why Amazon Will Likely Make a Massive Move Into Crypto

Amazon’s crypto aspirations are bigger (and quieter) than most imagine, and small businesses could benefit from its possible future cryptocurrency-based, decentralized finance alternative to traditional banking. There has been a lot of rumor and speculation circulating in the crypto and mainstream media recently regarding e-commerce giant Amazon moving into the crypto-space by accepting select cryptocurrencies as payment options. While it’s a virtual

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Single stock options worth $1.2 trillion set to expire – Options Solutions

Jan 21 (Reuters) – Single stock options totaling about $1.28 trillion were set to expire on Friday, potentially driving sharp market movements as Wall Street rounds out a turbulent week, analysts at Options Solutions said. The options expiration represents nearly 40% of the total open interest on a notional basis, according to the Chicago-based investment

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Opera’s Crypto Browser Rides The Blockchain Wave With A Built-In Wallet, NFTs And More

You can run but you can hide from the deluge of cryptocurrency and everything related, like blockchain technology and those non-fungible tokens (NFTs). That doesn’t mean you can’t ignore all that stuff. However, if you want to go in the opposite direction and dive in browser-first, now you can—the Opera Crypto Project makes it possible.Now available in

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Major cryptocurrencies trade up despite Central Bank of Russia’s proposed crypto ban

Major cryptocurrencies are trading higher Thursday morning despite the Central Bank of Russia’s proposed a ban on the use, issuance and mining of all cryptocurrencies.  Cryptocurrencies have posted threats to Russian citizens’ well-being and the country’s financial stability, the Central Bank said in a report Thursday.  Russia is among a list of countries that seeks

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Google Might Soon Accept Crypto for Transactions

That will help show users “the entire array of financial services out there,” Google’s president of commerce, Bill Ready, told Bloomberg. “Our aim is to help create connections,” he said. “We’re not a conflicted party.” The business, known for the Google Pay system and mobile wallet, has largely avoided the crypto industry.  “Crypto is something we pay a

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Crypto Scams You Should Know Before You Start Trading Coins

Inspired by the Netflix series “Squid Game”, Squid began trading at a price of just one penny and surged to $2,856 before sinking to the bottom of the crypto sea, after its anonymous founders cashed out. More than 40,000 people still held the token after the crash and analysts believe Squid’s developers made off with $3.8

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