Fri, October 16

Investors’ Concerns Rise Ahead of June CPI and PPI Reports

The U.S. June Consumer Price Index (CPI) will be released on Wednesday, and the PPI will be released the following day, bringing attention back to inflation statistics after a week of major employment announcements. In the event of a drop, investors may hope that the Federal Reserve would reconsider its

July 11, 2023 1 min read

UK FCA Continues Stringent Crackdown on Crypto ATMs

The Financial Conduct Authority (FCA), Britain’s financial watchdog, “disrupted” 26 of the 34 cryptocurrency ATMs it visited and investigated since the beginning of 2023. The Financial Conduct Authority (FCA) issued a stern warning to the United Kingdom’s crypto ATM operators on February 14: either comply with legislation or shut down

July 11, 2023 2 mins read

Daily Bitcoin Ordinals Inscriptions Jumps Over 350,000

In the aftermath of the introduction of the BRC-69 token standard, inscribing, a process for creating Bitcoin non-fungible tokens (NFTs), has seen a surge in activity. According to statistics recorded by blockchain analytics company Glassnode, the number of new inscriptions jumped to over 350,000 on Monday. Since Ordinals’s launchpad Luminex

July 11, 2023 1 min read

Will Bitcoin Hit $50K by the End of 2023?

The crypto talk of the town named Bitcoin, the top cryptocurrency has always been in demand. As the circulation supply of Bitcoin has already reached its maximum, the need and the traders have kept increasing. According to today’s trading volume, the value has reached $9 billion with an increase of

July 10, 2023 1 min read

2 Engineers in India Lose 43 Lakh INR ($52,054) to Crypto Fraud

Two Cuttack engineers have reportedly been scammed out of 43 lakh INR ($52,054) by crypto investment fraudsters. The two engineers from the Purighat and CDA regions reportedly lost money after investing in a fraudulent website. Both of these regions are located in Cuttack, Odisha, India. The victims have filed a

July 10, 2023 2 mins read

What’s Waiting on the Upcoming Bitcoin (BTC) Halving in 2024?

The exciting conceptual event where the reward for the transactions of Bitcoin (BTC) mining is getting half the cut is termed ‘Bitcoin Halving’. The basic cut-off for the current year 2023, is yet 6.25 BTC which then completes by the next year. This halving cycle is where the current holding

July 8, 2023 2 mins read

Canada Securities Administrators (CSA) Releases New Crypto Guidelines

The Canada Securities Administrators (CSA) have issued new rules for investment funds that hold or intend to engage in crypto assets, focusing particularly on meeting the requirements of securities legislation. Unlike the US SEC, Canada is acknowledging the benefits of crypto and Bitcoin and is progressively loosening restrictions on investment

July 7, 2023 2 mins read

Bitcoin (BTC) Makes New Yearly High of $31.5K. What’s Next?

Bitcoin, the leading cryptocurrency, achieved a trading rate of $31,500 on July 6th, marking a 13-month high and demonstrating a rapid 2 percent increase within a single hour. Analyzing the trading movements in the crypto market, Bitcoin’s RSI (Relative Strength Index) is currently above 64.26, suggesting that BTC is approaching

July 6, 2023 1 min read

U.S. SEC to Reportedly Meet Spot Bitcoin ETF Applicants Next Week

The U.S. SEC will meet with BlackRock, Fidelity Investments, and other spot Bitcoin ETF registrants next week. After resubmitting their applications to the U.S. SEC, all spot ETF hopefuls have now included information on their surveillance-sharing partners and other prerequisites. Bloomberg’s ETF experts Eric Balchunas and James Seyffart tweeted on

July 6, 2023 2 mins read

Bitcoin Miners Generate $184M Revenue from Transaction Fees in Q2

Coin Metrics reports that this quarter, because of the rise in the value of BRC-20 tokens and Ordinals, Bitcoin miners have reaped an unexpected profit of several million dollars in transaction fees. Crypto analytics company claimed a previously “tepid fee market” for Bitcoin miners has been unexpectedly disrupted with its

July 6, 2023 2 mins read