Sat, October 17

Bitcoin Braces for Negative Impact as Rate Hikes Approach

Bitcoin faces a pivotal moment as it navigates conflicting monetary policies and fluctuating investor sentiment. This week, the focus is on the UK and Eurozone, where central banks are expected to implement rate hikes that could have broad implications for risk-on investments. The Bank of England’s monetary policy committee is

June 20, 2023 2 mins read

Whales Accumulate Massive $3.5 Billion Worth of Bitcoin

Over the last two months, significant Bitcoin holders have been active in the market, buying up Bitcoin at a rapid pace. Despite what may seem like a recent decline in the value of BTC, large Bitcoin holders, or “whales,” have collected almost $3.5 billion in cryptocurrency since early April. Santiment,

June 20, 2023 2 mins read

Crypto Regulation Law Nears Final Approval in the United Kingdom

The House of Lords, the upper house of Parliament in the United Kingdom, has given its approval to a measure that will regulate stablecoins and cryptocurrencies and provide oversight for the marketing of cryptocurrencies. After passing the House of Commons, the Financial Services and Markets Bill (FSMB) will go through

June 20, 2023 2 mins read

Bitcoin Market Dominance Exceeds 50%, Setting New Record

According to data from TradingView, Bitcoin dominance, which indicates the percentage of Bitcoin’s market capitalization relative to the total cryptocurrency market, has surpassed the 50% threshold. Based on the information provided by CoinMarketCap, BTC currently holds a market capitalization of $522 billion. Over the past eight months, Bitcoin dominance has

June 20, 2023 1 min read

Prominent Author Robert Kiyosaki Warns of More Bank Failures

Robert Kiyosaki, the author of Rich Dad Poor Dad, has once again sounded the alarm about the state of the American economy and the financial system. The book Rich Dad Poor Dad was written by Kiyosaki and Sharon Lechter in 1997. For almost six years, it has been included on

June 19, 2023 1 min read

Nigerian Naira Hits All-time Low Against the U.S Dollar

On June 14, the official exchange rate of the Nigerian naira against the U.S. dollar hit an all-time low of NGN634 per greenback. The devaluation of the naira by more than 30 percent occurred days after the Central Bank of Nigeria (CBN) disputed that it had lowered the exchange rate

June 18, 2023 1 min read

Crypto Community Donates Over $600k for ZachXBT’s Lawsuit

For an article he published last year, ZachXBT, one of the most followed on-chain crypto sleuths on Twitter, claims to be facing legal action. The analyst claims he needs public funding to pay for his defense since, unlike his accuser, he does not have a lot of money. That backing

June 18, 2023 2 mins read

Bitcoin ETF Plan from BlackRock Drives Crypto Market Rally

In a significant development for the cryptocurrency market, major digital currencies closed the week with notable gains, driven by the news of “BlackRock’s plans to launch a Bitcoin exchange-traded fund (ETF).” The announcement by BlackRock, one of the world’s largest asset management firms, has captured the attention of investors and

June 17, 2023 2 mins read

Crypto Payments Company Wyre Announces Shutdown

After almost a decade in business, San Francisco’s Wyre, a cryptocurrency payments startup, has announced shutdown, citing the problems of the crypto winter rather than any strong “regulatory agency direction” in the U.S. On June 16th, the firm said it will be shutting down in order to “protect the best

June 17, 2023 1 min read