Sat, July 4

Ordinals Dominate Bitcoin Network Activity Amid Price Volatility

Although Bitcoin’s price has dropped recently and there have been rumors that the euphoria around Bitcoin NFTs has faded down, ordinary inscriptions remain in control of network activity as per recent statistics. Ordinals developer “Leonidas” said on August 21 that out of Bitcoin’s 530,788 transactions in the previous day, 450,785

August 21, 2023 1 min read

Bitcoin (BTC) Sticks to $26K Due to Massive Sell-Off, More Dump Incoming?

The crypto market has experienced a massive downtrend in the past few days. Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a slight recovery after falling below the $26K mark. However, the trading price of BTC is still around the $26,000 mark, showing strong bearish momentum. Before the recent dump,

August 21, 2023 2 mins read

U.S. Judge Rules AI-Created Works Ineligible for Copyright Protection

U.S. District Judge Beryl Howell has ruled that works fully created by artificial intelligence are not eligible for copyright protection. Thus, upholding the view of the U.S. Copyright Office. This decision is timely given the widespread fear that generative AI may one day replace human creators in fields like art

August 20, 2023 1 min read

Whopping 98% Drop Witnessed in Bitcoin Ordinals NFT Trading Volume

According to DappRadar, trading volume for the Bitcoin Ordinals NFT has plummeted by about 98% since May, indicating a severe decline in user engagement. DappRadar reported on August 17 that the overall sales volume of Bitcoin Ordinals has dropped from $452 million in May to under $3 million as of

August 19, 2023 1 min read

Why Did Bitcoin (BTC) Fall Below $26K After June?

The act of Tesla CEO Elon Musk’s SpaceX selling its giant Bitcoin (BTC) lump — worth $373M — turned about to be a striking Bitcoin FUD of the day. Amid this, distressing traders and investors, Bitcoin (BTC) dropped to its 2-month low, reaching below the $26,500 level. Notably, according to

August 18, 2023 2 mins read

Bitcoin Hits Two-Month Low; More Decline Likely?

Stocks in the United States unexpectedly fell at the market close, with the technology-focused Nasdaq Composite leading the decline. The release of the Fed’s July meeting minutes affected market sentiment because they highlighted a rising worry among top officials about “upside inflation risks.” Fear of further interest rate rise dampened investor optimism on

August 17, 2023 2 mins read

PayPal to Temporarily Halt Cryptocurrency Sales for UK Customers

Online payment giant PayPal is making changes to its platform in the UK so that it is in line with local financial legislation. In order to comply with new rules, PayPal notified on August 16 that it is temporarily halting the capacity for its U.K. clients to acquire cryptocurrencies. A

August 16, 2023 2 mins read

Uzbekistan Progresses Testing Crypto Regulations in Digital Sandbox

The National Agency for Prospective Projects (NAPP) in Uzbekistan has granted permission to two private banks, Kapital Bank and Ravnaq Bank, to test crypto regulations in a “digital sandbox.” Moreover, Mastercard-powered crypto cards will be issued by the banks. The NAPP announced on August 14 that Ravnaq Bank has been

August 16, 2023 1 min read

Dubai Offers 90% Subsidy on Licenses for AI and Web3 Businesses

Dubai has begun granting commercial licenses to AI and Web3 businesses at a 90% subsidy. This is part of an effort to build an unparalleled hub of cutting-edge technology enterprises in the MENA region, Emerging tech center Dubai AI and Web 3.0 Campus has decided to subsidize licenses for businesses

August 16, 2023 1 min read

Europe’s First Spot Bitcoin ETF Debuts on Euronext Amsterdam

After the highly-anticipated debut of Jacobi Asset Management’s Jacobi FT Wilshire Bitcoin ETF, Europe will finally have its first spot Bitcoin exchange-traded fund (ETF). More than a year after its initial debut date of 2022, the London-based digital asset management business said on August 15 that its new investment product

August 15, 2023 2 mins read