Bitcoin’s price soared in today’s Europe early morning trading session. The cryptocurrency jumped past $41K on a leaked press release containing information on President Biden’s expected administrative order on crypto. BNN Bloomberg reported earlier today that there’s been a press release leaked on The Treasury Department’s website. The statement has since been removed, and a spokesperson...Read More
Dallas-based cryptocurrency mining organization – Blockmetrix – disclosed it had raised $43 million in a Series B investment round. Thus, the company’s total venture funding reached $50 million. Blockmetrix Stepping up According to the announcement, the fresh financing included investors from the United States, Australia, and several nations in Asia. Blockmetrix vowed to employ the...Read More
The popular Canadian rapper Aubrey Drake Graham, better known as Drake, made a $275,000 bitcoin bet on a UFC fight. Unfortunately for him, Jorge Masvidal (his pick for a winner) lost the match. Betting on The Underdog Last weekend’s fight between Jorge Masvidal and Colby Covington was the main event of UFC 272. The match...Read More
Crypto miner Hive Blockchain has announced a Supply Agreement with Intel to buy new ASIC chips. Pitched as “high-performing,” these chips will be incorporated into mining equipment that will be custom-made for Hive. The company has also struck a manufacturing deal with an ODM (original design manufacturer) that focuses on electronics manufacturing.d Intel Supply Agreement...Read More
Malaysia’s national electricity utility is ramping up plans to halt electricity theft which has reportedly been on the rise. This has to do with Bitcoin mining which is supposedly also catching speed. Electricity theft in Malaysia is supposedly a serious issue. According to a report from late January this year, the local government is thinking...Read More
The cryptocurrency lending platform – BlockFi – surveyed over 1,000 American women to determine their awareness and sentiments towards the digital asset sector. Per the results, every third female plans to invest in crypto by the end of the year, while 60% said they will purchase in the next three months. Women Making Their Way...Read More
Scooter Braun – an American media mogul and the manager of Justin Bieber, Ariana Grande, and Demi Lovato – reportedly sold his luxurious property in Texas for $18.5 million worth of bitcoin. The deal marked the biggest cryptocurrency real estate transaction in the state’s history. A House in Exchange for Bitcoin Similar to other market...Read More
Lugano, a city in southern Switzerland, has introduced Bitcoin and Tether in addition to its own LVGA Points token as legal tender. The initiative was backed by the collaboration between Tether Operations Limited, the tech company behind the largest stablecoin by market capitalization, USDT. Tether and the City of Lugano plan to work toward the...Read More
Legacy investor, fund manager, and philanthropist Bill Miller believes that the financial sanctions imposed on Russia could cause bitcoin’s price to soar. He pointed out that gold is the only reserve asset the largest country by landmass controls on its own, meaning that BTC might gain traction in the days to come. BTC’s Surge Following...Read More
The government of Ukraine announced it will airdrop cryptocurrencies donated to the nation’s official wallet. Companies, non-governmental organizations, and individuals have already contributed over $30 million worth of digital assets to the country amid its ongoing war with Russia. Ukraine Has a Date for its Crypto Airdrop A few days after the launch of Russia’s...Read More
Mike Novogratz, CEO of digital assets company Galaxy Investment Partners, predicted that the Russia-Ukraine war will boost crypto adoption and lead to the marginalization of the dollar. “This is a big deal, in a lot of ways. This is starting the acceleration of de-dollarization of the world,” he commented. The billionaire American investment banker made...Read More
European Union lawmakers have removed a controversial paragraph that would have made all proof-of-work (PoW) based cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) illegal. Proposed Ban on PoW-Based Coins Deleted The Markets in Crypto-Assets (MiCA) framework, headed by Economic and Monetary Affairs (ECON) rapporteur – Stefan Berger – was originally scheduled for February 28....Read More
The notorious hacker organization – Anonymous – has reportedly offered Russian troops payments in bitcoin to hand over their tanks. The group would pay more than $52,000 in BTC for each surrendered combat vehicle. BTC in Exchange for a Tank The Ukrainian side has been trying to stop the Russian invasion not only by weapons...Read More
Bitcoin trading volumes against the Russian ruble reportedly soared to the highest level in almost a year. At the same time, those employing Ukraine’s hryvnia reached October 2021 heights. The Result of the Embargoes? NATO and the EU are still standing away from a direct military conflict and vowed not to send troops to Ukraine....Read More
The Defense Ministry of Israel reportedly seized 30 digital wallets belonging to businesses associated with the exchange company al-Mutahadun. The authorities accused the latter of funding the terrorist organization Hamas. Israel’s Latest Seizure In 2021, al-Mutahadun was one of the firms designated as a terrorist-funding entity by Israeli officials. Specifically, they claimed that the Shamlah...Read More
The world’s leading digital asset exchange – Binance – does not intend to freeze the accounts of Russian-based individuals, a spokesman for the platform revealed. He further argued that “crypto is meant to provide greater financial freedom,” and such a move could oppose the concept of the industry. In-Line With Kraken Russia’s “special military operation”...Read More
Jack Dorsey’s fintech startup Block (formerly known as Square) disclosed its gross profit for Q4 2021 stood at $1.18 billion, which is an increase of 47% year over year. In addition, the company’s sellers have adopted more of Square’s ecosystem over time, the firm added. Exceeding Results The American financial services and digital payments company...Read More
Amid being invaded by its eastern neighbor, which caused significant disruption to its financial networks, Ukraine and its authorities sought donations in cryptocurrencies. The community and other people responded swiftly with reports indicating that more than $13 million worth of digital assets were sent to the provided addresses. Ukraine Seeks Help in Crypto After weeks...Read More
Nayib Bukele’s administration announced that the veterinary hospital built by bitcoin profits will open on Saturday (February 26). The President revealed that each treatment will cost $0.25 worth of BTC. Not Just Daydreaming Apart from becoming the first county to embrace bitcoin as legal tender, El Salvador has also purchased the primary cryptocurrency on a...Read More
Despite the recent turbulence in the cryptocurrency market, Pantera Capital envisioned a surge in bitcoin’s price in the following weeks. According to the investment firm, ‘Tax Day’ could be one of the propellers. Moreover, the cryptocurrency industry might soon separate from traditional financial markets and start trading independently, the company added. Light in The Tunnel...Read More
The American politician serving as the junior United States Senator for Texas – Ted Cruz – said he is a bitcoin supporter because the authorities cannot control it. He opined that China imposed its total crypto ban for the same reason. In addition, he opposed Justin Trudeau’s Emergency Act, by which the Canadian government froze...Read More
According to Elliptic data, people have donated $400,000 worth of Bitcoin to the Ukrainian nongovernmental organization – Come Back Alive. The latter provides military equipment, medical supplies, and training services to the local army. In addition, today (February 25), a mysterious contributor donated 80 BTC to a charity organization supporting the Ukrainian army. Calculated at...Read More
The broader cryptocurrency market saw a considerable recovery over the past hours following yesterday’s bloodbath that came in response to Russia invading Ukraine. Bitcoin managed to recover about $4,000 of its value, but it appears that popular retail trading platform Robinhood went through some challenges in this regard. Several people took it to Twitter today...Read More
Amsterdam-based bitcoin mining firm – Bitfury – announced it will launch a new 28MW digital asset mining site in Ontario, Canada. The facility will launch with an operational capacity of 16MW, while an additional 12MW will be added by the end of May. Bitfury’s Next Mining Center The technology company focused on digital asset mining...Read More
Mexican senator for the State of Nuevo León, Indira Kempis, has stated that she wants to make the country second after El Salvador to adopt Bitcoin. However, the chances of this actually happening are slim at best. Speaking to local media this week, she noted that she aims to promote the use of Bitcoin in...Read More
Amid international crises and a shaky crypto market, debates rage on about what role Bitcoin actually serves as an investment. Is it digital gold, or just another risk asset? In a recent tweet, Ki Young Ju – CEO of crypto market analytics firm CryptoQuant – weighed in on the matter. He believes that as long...Read More
Putin’s “special military operation” caused major financial uncertainty in Ukraine. To bring more clarity to the situation, the National Bank of Ukraine informed that local monetary institutions will suspend the issuance and distribution of electronic money. Ukraine’s Central Bank Introduces Its Policies It is safe to say that Russia’s military operation in Ukraine is the...Read More
Kazakhstan’s Ministry of Energy discovered and halted the operations of 13 illegal digital asset mining farms. Those were collectively using an electricity capacity of over 200 megawatts. War on Illegal Miners The central Asian country was torn by protests at the beginning of 2022 when thousands of residents occupied the streets to fight against the...Read More
The latest enhanced volatility in the cryptocurrency market caused significant pain for over-leveraged investors, with liquidations exceeding $400 million on a 24-hour scale. This comes as BTC slumped by about $3,000 in a day. It’s safe to say that the cryptocurrency landscape has seen better days as roughly $400 billion has been evaporated from the...Read More
The Canadian businessman and television personality – Kevin O’Leary – views bitcoin as a coin, currency, and software. He believes that having exposure to BTC is the same as holding positions in giant corporations such as Microsoft or Yahoo. In addition, O’Leary predicted that BTC could surge to $300,000 once there is regulatory clarity in...Read More
