Indonesian province Bali has stated that tourists are not allowed to make payments with cryptocurrency, warning that violators “will be dealt with firmly.” The government is looking to curb the influx of foreign tourists as a way to tackle problematic foreigners who violate local laws. Offending Foreign Tourists to Face Tough Sanctions Bali will take...Read More
Bitcoin users have registered over 10 million inscriptions into the Bitcoin blockchain using the newly popular Ordinals protocol. The milestone comes shortly after Ordinals founder Casey Rordamor stepped down as the project’s lead maintainer on Saturday. Ordinals’ Blistering Growth According to data from Dune Analytics, Bitcoin sports exactly 10,018,046 Ordinals inscriptions at writing time –...Read More
Seychelles-based cryptocurrency exchange OKX published its seventh proof-of-reserves (PoR) report in line with efforts to push the new industry standard of transparency and trust within the crypto community. The new report shows that OKX has reserves of $10 billion in bitcoin (BTC), ether (ETH), Tether (USDT), and other assets. OKX Releases Seventh PoR Report The...Read More
The Biden Administration’s federal budget proposal to charge a 30% tax on all Bitcoin miners in the United States has been scrapped, a national policymaker confirmed on Sunday. The withdrawal is part of a series of tax-related concessions made by the administration in negotiations surrounding the nation’s fast-approaching debt ceiling. No More Mining Tax Ohio...Read More
Despite several macro challenges, Ethereum (ETH) has been displaying continuous upward momentum and a potential of reaching the $2K mark. However, recent market trends have seen Ethereum face a strong rejection above the $1.9K mark, causing ripples among long-term holders and traders. The rejection at $1.9K was not entirely unexpected. The crypto market has been...Read More
Crypto exchange Gemini and bankrupt digital asset lender Genesis Global Capital have jointly filed a motion to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC) against the former’s Earn program. According to a document filed at the United States District Court for the Southern District of New York on Friday, May 26,...Read More
[PRESS RELEASE – New York, New York, USA, May 29th, 2023] Memevengers coin ($MMVG) has been gaining attention following a Uniswap listing on May 25th. $MMVG reached a market cap of over $20 Million and a $1 Million trading volume. The Memevengers coin $MMVG can be traded on Uniswap, where it is paired against WETH....Read More
Lesser-known crypto exchange, BKEX, claimed that some user funds on the platform are involved in money laundering. As a result, the platform is currently cooperating with the police to gather evidence and will suspend withdrawals for the regulatory investigation. In an announcement on May 29th, BKEX said it will continue to focus on restoring the...Read More
[PRESS RELEASE – Singapore, Singapore, May 29th, 2023] AAG is pleased to announce the launch of TomoOne, an innovative NFT-based game developed on Saakuru’s gas-fee free blockchain with the aim of providing educational value and interactive engagement for MetaOne® users in the realm of Web3. Early adopters of MetaOne® will be able to mint the...Read More
The former head of BitMEX – Arthur Hayes – has backtracked from his previous prediction about Bitcoin’s price trajectory. The exec said the largest crypto asset is unlikely to reach $70,000 this year, but 2024 could be bullish for the entire market. Bracing for Armageddon While speaking on the ‘What Bitcoin Did podcast,’ Hayes predicted...Read More
Arbitrum-based liquidity platform – Jimbos Protocol – revealed working with multiple security researchers and on-chain analysts after suffering an exploit of around $7.5 million over the weekend. According to the latest update, Jimbos said the team will engage with law enforcement agencies after 4 PM UTC on Monday if the exploiter failed to return the...Read More
[PRESS RELEASE – Tokyo, Japan, May 29th, 2023] Bitcoin.com’s ecosystem token, VERSE, has been listed on Kucoin, a top-tier cryptocurrency exchange platform known for being the home of crypto gems. Trading is open now, with the initial pair being VERSE/USDT. A milestone moment for Bitcoin.com, this first exchange listing for VERSE is significant because it...Read More
Bitcoin began the fresh weekly trade on a huge bullish note by marking an intraday high of around $28,447. Alongside, a huge CME gap of more than $1000 was also recorded with the start of the day’s trade, which is carrying a fear of a shot term pullback in the near future. Now that the...Read More
Temasek Holdings, a private company whose sole stakeholder is the Singaporean Government and whose only purpose is overseeing investments for said government, was responsible for the second-largest investment into FTX. Poor Judgement Prior to the collapse of FTX, Temasek’s investment was worth about $275 million, representing 0.09% of the company’s total investment portfolio worth about...Read More
Crypto markets are in the green during the Monday morning Asian trading session. The momentum has been driven by a debt ceiling deal between U.S. President Joe Biden and top congressional Republican Kevin McCarthy. However, the tentative agreement to suspend the federal government’s $31.4 trillion debt ceiling has yet to clear Congress. Nevertheless, it has...Read More
ORDI will arrive at BitMEX via a new listing – ORDIUSD, with up to 50x leverage, making this new contract one of the highest max position sizes in the industry. What is ORDI? Ordinals (ORDI) is a cryptocurrency that operates with inscriptions written on the Bitcoin blockchain. Thanks to the ORDI protocol, information such as...Read More
