The stock market is crashing and so the crypto is, no matter whether people accept it or not, both tend to go hand-in-hand. Recently, the crypto market slashed with the announcement of the FED all set to increase the interest rates. The main reason behind the decision is cited to be the surge in the...Read More
An individual Ethereum miner who mined a complete block hit the jackpot by receiving 170 ETH for his efforts. Converted in USD value, the reward equals nearly $540,000 (calculated by the time when the block reward was mined). Beating the Odds Despite some people claiming that Ethereum mining (still being proof-of-work) is harmful to the...Read More
The cryptocurrency lending platform – Nexo – joined forces with the Nasdaq-listed digital asset company – Bakkt Holdings. As a result, the latter will custody a portion of Nexo’s Bitcoin and Ethereum holdings in the Bakkt Warehouse. Bakkt’s Newest Partnership The Bakkt Warehouse comprises both online (“warm”) and offline (“cold”) digital asset storage. The company...Read More
Eric Adams – newly elected mayor of New York City – is following through on his promise to receive his first paycheck in Bitcoin. Some of his salary will even be converted to Ether – the second-largest cryptocurrency. The Paycheck Promise The City of New York confirmed the payment decision from its official site earlier...Read More
Advertisement The crypto industry has been swinging in lockstep with Bitcoin price changes for the past several days. While other altcoin markets are more lively, the BTC price trend is becoming increasingly repetitive. The price of Bitcoin (BTC) is in a correction and is trading below its moving averages, putting it at risk of a...Read More
In an interview with CNBC’s ‘Squawk on the Street’ on Jan. 19, Paxos co-founder and chief executive Charles Cascarilla said that there will be plenty of changes in institutional appetite in 2022. “The amount of interest and the amount of mainstream adoption that I see coming is tremendous,” he said before adding that changes in...Read More
Moody’s Investors Service recently claimed that El Salvador’s Bitcoin trading activity is boosting the nation’s risk of default. Like most other groups to speak out against the experiment, President Nayib Bukele publicly disregarded their opinion. Moody’s Take On El Salvador The ratings agency discussed El Salvador’s Bitcoin-related risks in conversation with Bloomberg last Wednesday. Analyst...Read More
Bitcoin price continues to plunge, building huge bearish momentum that could drag the price close to the crucial support levels around $40,800. No doubt the selling volume is not accumulated that could drag the price down, but there is no buying volume at all and hence a slight selling could drag the price down. Advertisement...Read More
As per ex-parliament member Lord Fusitu’a, the island nation is on course to adopt bitcoin as legal tender by November 2022. For now, though, the cryptocurrency is being used to transfer funds to Tonga, which was hit by a Tsunami recently. Bitcoin Donations for Tonga A tsunami measuring 1.5 meters triggered by the shockwave hit...Read More
A confirmed scam address impersonating MicroStrategy’s Michael Saylor has received over $1.1 million in bitcoin in January alone. The CEO of the NASDAQ-listed company later revealed that his team reports such addresses almost constantly but to little-to-no avail. Impersonating scams in the crypto industry are a growing threat in which the perpetrators pretend to be...Read More
A recent report by blockchain forensics company Chainalysis stated that cybercriminals in North Korea stole bitcoin and Ether, worth almost $400 million but still have millions worth of stolen cryptocurrency funds unlaundered. Almost $400 Million Theft Recorded in 2021 The Chainalysis report published January 13, 2022, stated that the funds were stolen following attacks on...Read More
Cameroonian mixed martial artist Francis Ngannou, who competes in the heavyweight division for the Ultimate Fighting Championship (UFC), is considering joining the growing list of sports stars receiving their paychecks in bitcoin. A Bitcoin Believer The UFC champion revealed on Friday that he is a Bitcoin believer and has been discussing the leading cryptocurrency with...Read More
The past seven days have been good for Bitcoin for the first time in a long time, despite the wider cryptocurrency market being slightly down during the same timeframe. This week, Bitcoin’s price managed to break out of its previous downturn, recouping some of its losses, albeit not convincingly. In terms of the rest of...Read More
The Northwest Arkansas Council has stepped into the world of crypto by giving away $10K worth of bitcoin to professional workers. The only condition: they have to settle in the region. Move-in and Get Bitcoin Northwest Arkansas is widely regarded as one of the top places to live in the United States due to its...Read More
Through a memo of understanding, Torus King Blockchain IFSC recently partnered with India INX to launch India’s first Bitcoin and Ethereum ETF product. This is the first Bitcoin futures ETF to premier outside of the United States. An Indian Crypto ETF As reported by The Economic Times, the ETF will launch under the International Financial...Read More
Dorsey continues to work on new bitcoin-related endeavors by launching a new fund to provide legal defense for BTC developers. Called “Bitcoin Legal Defense Fund,” its first activity will be to assist in the ongoing Tulip Trading lawsuit. In an email sent to BTC developers, Dorsey described the new fund as a “nonprofit entity that...Read More
In what can be described as an uncommon scenario, a small bitcoin miner got the block reward of 6.25 BTC. An individual with computing power of just 126 terahashes per second (TH/s). The solo miner, even with the small hashing power, was able to win the block race and receive the 6.25 BTC reward. The...Read More
Former Twitter CEO and co-founder of Block Jack Dorsey continues to pursue bitcoin (BTC) mining plans as his company moves to hire a Custom Digital Design Lead. Block Advertises Bitcoin Mining-related Job San Francisco-based financial services group Block (formerly known as Square) is hiring a Custom Digital Design Lead, according to a recent job listing...Read More
The multinational financial services corporation aims to make several changes to its Fidelity All-in-One Growth ETF and Fidelity All-in-One Balanced ETF, including adding a small allocation to the company’s Bitcoin ETF. After several unsuccessful attempts to launch a spot Bitcoin exchange-traded fund in the States, Fidelity, through its Canadian branch, released such a product up...Read More
The owner of the Dallas Mavericks – Mark Cuban – argued that Bitcoin (BTC) could not be considered a hedge against inflation. He once again opined that Dogecoin (DOGE) is better suited for payments than the primary cryptocurrency. ‘It’s Not And Never Will Be’ Over the past couple of years, the American billionaire Mark Cuban...Read More
Andre Iguodala and Klay Thompson, two of the biggest stars of the Golden State Warriors, have hopped on the BTC bandwagon by indicating that they will receive their salaries in the asset through a partnership with CashApp. Iguodala took it to Twitter earlier to announce his collaboration with CashApp, which will enable him to receive...Read More
The Central American nation of El Salvador entered into the pages of history as the first country to officially adopt bitcoin as a legal tender on June 9, 2021. Subsequently, the country went on a bitcoin buying spree, taking advantage of every opportunity to acquire more of the popular “digital gold” since it considers it...Read More
The price of Bitcoin has been declining steadily as of late, and some have decided to take this opportunity and add to their positions. Toronto-based BTC miner Bitfarms becomes the latest to do so. According to an official press release shared on Monday, January 10th, the Toronto-based Bitfarms – a Bitcoin self-mining company – has...Read More
As fear grips the crypto market, the Bitcoin price has seen a significant increase in selling pressure. With an 18 percent drop in the last two weeks from the resistance trendline, the price action produces a falling wedge pattern on the daily chart as it approaches the $40K threshold. In addition, the death cross raises...Read More
The cryptocurrency market today saw mixed results, although market leaders Bitcoin and Ethereum still did not see any major gains. While the majority of the Altcoins traded in red. Bitcoin (BTC) Amidst all the hush-hush in the market popular analyst and trader Micheal Van De Poppe sees optimistic indicators for Bitcoin. In a series of...Read More
The enhanced volatility in the digital asset space hit again in the past few days, and the total amount of daily liquidations jumped to half a billion. It’s safe to say that the cryptocurrency market has seen better days. Bitcoin, for example, traded around $47,000 for several consecutive days until 36 hours ago. At that...Read More
While the recent plunge has put the crypto community into a state of panic, one HODLer is taking advantage. The third-largest Bitcoin whale just bought the dip, putting his stack over 121,000 BTC. On January 4th, the whale’s address added another 372 Bitcoin. The sum was purchased for $17,122,242.1 at the time. This was a...Read More
Bitcoin price ever since marked its new ATH close to $70,000 is experiencing quite a tough phase with very little volatility. The profits flow into other altcoins while the volume on Bitcoin is reduced comparatively. And hence, the BTC price was compelled to swing within a very narrow range between $48,000 to $52,000. While most...Read More
In a bid to bring in regulatory clarity and a framework for the issuance of Bitcoin Bond and securities in the cryptocurrency, El Salvador’s finance minister, Alejandro Zelaya, has revealed plans to send approximately 20 bills to Congress. The Ambitious Bitcoin City According to reports, the aforestated bills will encompass regulations about securities issuance and...Read More
The Kosovar government reportedly enforced a ban on cryptocurrency mining in an attempt to curb electricity consumption during the coldest months of the year. The country, like many others in Europe, grapples with an energy crisis caused by the sharp price increase of electricity. Another Country to Halt Crypto Mining The small Balkan state –...Read More
