Mon, February 23

U.S. Initial Jobless Claims Fell To 242k as per Labor Department

The number of persons making new claims for unemployment benefits each week fell to 242,000 from the previous week’s 264,000, according to figures released by the Department of Labor on Thursday. This is a significant drop of 22,000 from the previous week’s total. Claims from those who have been collecting

May 18, 2023 1 min read

Pakistan Announces Ban on Crypto Sector Amid Economic Woes

On Wednesday, May 17, the Senate Standing Committee on Finance in Pakistan ordered new cryptocurrency regulation laws to be drafted. Inflation hit an all-time high of almost 36% in the month of April 2023, adding to the country’s other economic woes. Minister of State for Finance Ayesha Ghos Pasha said

May 18, 2023 1 min read

UK Committee Proposes Gambling Regulations for Retail Crypto Trading

For retail investors, unbacked cryptocurrencies like Bitcoin (BTC) should be considered as gambling, according to a new recommendation by a UK regulatory group. The Treasury Select Committee, a cross-party committee made up of members of Parliament, “strongly recommended” this approach for the trading of digital assets in a report released

May 17, 2023 2 mins read

Crypto Legal Framework MiCA Gets Final Approval by EU Council

Members of the Council of the European Union voted in favor of the Markets in Crypto-Assets (MiCA) legislation on May 16. Granting it final approval and paving the way for it to become a standardized regulation throughout the EU. There were 27 yes votes from Finance Ministers from EU member

May 16, 2023 1 min read

Pepe Coin’s Surge: Could it Impact Bitcoin’s Long-Term Prospects?

Meme coins, which frequently feature popular animals such as cats and dogs, have been a common presence in the cryptocurrency sector. Pepe Coin, a new participant in this arena, has recently debuted, grabbing attention with its outstanding price performance. Early Pepe Coin investors saw substantial gains ranging from hundreds to millions

May 15, 2023 1 min read

Number of Wallet Addresses Holding 1 or More BTC Crosses 1M Milestone

Over one million unique Bitcoin wallet addresses now contain one Bitcoin or more. According to information gathered by Glassnode, the millionth was attained on May 13. 1 Million Wholecoiner Addresses#Bitcoin pic.twitter.com/4ywupjEfOu — Rafael Schultze-Kraft (@n3ocortex) May 12, 2023 There was a significant increase in the number of wallet addresses holding

May 15, 2023 1 min read

Bakkt Delists Most Tokens From Newly Acquired Apex Crypto Platform

Twenty-five of the thirty-six crypto tokens were removed from Bakkt’s newly acquired Apex Crypto trading platform. A business spokesperson explained the change on May 12 by saying it was “part of our regular coin listing review process.” Fewer specifics are available. Although most of the abandoned tokens are associated with

May 14, 2023 1 min read

‘Crypto is Global Phenomenon’ Says Crypto Freak Lark Davis

Cryptocurrencies have become a global phenomenon, with Bitcoin leading the charge. Bitcoin, the world’s largest cryptocurrency by market capitalization, has grown in popularity in recent years, and its impact is being felt worldwide. However, Bitcoin is just one of many cryptocurrencies that are challenging traditional notions of money and finance.

May 14, 2023 3 mins read

El Salvador Witnesses Growth in Tourists Amid Stringent Law and Order

According to El Salvador’s minister of tourism, the nation is seeing an all-time high in the number of visitors. The statement is part of a larger PR push by the Central American nation to change its image from one of a lawless backwater to that of a Bitcoin and surf

May 13, 2023 2 mins read

Bitcoin Stumbles at $26K, While Memecoin Mania Takes Over the Crypto Market

Today’s Bitcoin price analysis indicates the king coin has followed a declining trendline since recording a 12% price decline from a high of $29,865 on May 6. The price has dropped to as low as $26,166.87 on some exchanges, indicating a 3.16% dip in the last 24 hours. The current

May 12, 2023 2 mins read
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