Sat, July 25

Bitcoin Network Witnesses Abnormal Block Generation Delay

An abnormality on the Bitcoin network has been noticed by PeckShield Alert. It took more than an hour to mine a block of Bitcoin (BTC), leaving many transactions in pending condition. PeckShield shared an image showing that the most recent two blocks were mined 95 minutes apart by F2pool and

July 21, 2023 2 mins read

UK’s HM Treasury Rejects Labeling Crypto Trading as Gambling

The United Kingdom’s HM Treasury “firmly disagrees” with a suggestion by the House of Commons Treasury Committee to label cryptocurrency trading as gambling. In May of 2023, a cross-party Committee of MPs recommended the new legislation. In its formal report, the Committee noted that crypto assets had “no intrinsic value”

July 20, 2023 2 mins read

Kuwait Enforces Nationwide Ban on Crypto Activities

Kuwait is the most recent country to outlaw any and all cryptocurrency-related activity. Kuwait’s primary financial watchdog, the Capital Markets Authority (CMA), published a circular on the oversight and issuance of virtual assets on July 18. In the circular, the CMA stated its commitment to an “absolute prohibition” of all

July 20, 2023 1 min read

Nasdaq Drops Crypto Custody Plans Amid Regulatory Uncertainty

On Wednesday’s earnings call, CEO and President Adena Friedman said that Nasdaq (NDAQ) will not be launching its planned cryptocurrency custody service in the second quarter of this year. The American stock exchange giant said in September 2022 that it was assembling the necessary infrastructure and regulatory permission to launch

July 19, 2023 2 mins read

FSB Proposes Stringent Crypto Regulation Standards to G20 Nations

Finance Minister Nirmala Sitharaman of India, which is now holding the G20 chair, said on Tuesday that the G20 embraced the recommendations of the Financial Stability Board (FSB) on crypto asset activity and global stablecoin arrangements. After several claims of criminal behavior surfaced during crypto’s recent rocky year. The international

July 18, 2023 1 min read

Senator Lummis Urges Congress To Act on Crypto Regulation

On Twitter, Wyoming Republican Senator Cynthia Lummis emphasized the significance of the latest court judgment by Judge Analisa Torres that the Ripple-associated token XRP is not a security. Senator Lummis tweeted on the verdict and its implications for crypto regulation, stressing their importance. According to her, this judgment shows that

July 16, 2023 2 mins read

Sudden Bitcoin Price Dump Sparks Investor Caution

Bitcoin, the leading cryptocurrency, has experienced significant price volatility, declining by 2.81% to reach $30,350. This sudden BTC price drop in value comes as a surprise to many investors and traders, especially considering the recent positive momentum in the market. The price surge earlier was driven by the optimism generated

July 15, 2023 2 mins read

Mike Novogratz Predicts Significant Bitcoin Price Surge by Year End

Bitcoin, according to crypto billionaire Mike Novogratz, will experience major increases by this year-end. In a recent interview with Bloomberg, Novogratz predicted that Bitcoin’s current consolidation period, between $28,000 and $32,000, will be followed by a significant increase. According to him, this upsurge might happen if the authorities in the

July 13, 2023 2 mins read

Bitcoin Mining Difficulty Reaches a New All-time High of 53.91T

After the last difficulty adjustment on July 12, Bitcoin mining achieved an all-time high of 53.91 trillion units. It’s a way to rank the difficulty of mining Bitcoin. Every two weeks, the blockchain adjusts the difficulty to keep the average transaction time at 10 minutes. As the processing power of

July 13, 2023 2 mins read