Wed, November 26

Bitcoin Sees Third Week of Outflows, Signaling Bearish Sentiment

Investors in digital assets are experiencing a shift in sentiment as fund outflows increased in the week ending May 7, 2023. According to CoinShares’ latest digital asset fund flows weekly report, investment products saw outflows of $54 million, marking the third consecutive week of negative sentiment.  Bitcoin was the primary

May 10, 2023 2 mins read

Around 400 Crypto Firms in Estonia Closes Amid AML Crackdown

Nearly 400 virtual asset service providers (VASPS) in Estonia have either voluntarily shut down or had their licenses canceled. This is post the government’s new, stricter Terrorist Financing Prevention and Anti-Money Laundering rules (AML) went into effect in March. The Financial Action Task Force Travel Rule was implemented. Moreover, the

May 10, 2023 1 min read

Bitcoin Transaction Fees Shoot Up Above $30; Lighting Network to Rescue?

Bitcoin has been going through its fair share of trouble over the past few days. Even though the Bitcoin network touted low transaction fees as compared to other blockchain networks, times have changed. According to the latest details from YCharts, the average Bitcoin transaction fee has surged past $30. It currently

May 9, 2023 2 mins read

Unlocking Bitcoin’s Potential With Ordinals ($ORDI) Token

The Ordinals protocol is transforming the world of Bitcoin by allowing people who operate Bitcoin nodes to inscribe each sat with data, creating Ordinals ($ORDI) token. To note, the token is now available on many centralized exchanges. Bitcoin is highly sought after due to its unique features such as its

May 9, 2023 2 mins read

Bitcoin Turned Down Below $28K, Is Binance The Reason?

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has shown a lot of ups and downs in recent days. A few days ago, Bitcoin reached the $30 mark even after the Fed’s interest rate hike. But now BTC’s trading price has fallen below the $28K mark, and it has shown

May 9, 2023 2 mins read

Supreme Court of China Provides Crypto Framework for Legal Disputes

Since September 2021, crypto transactions and mining have been illegal in China. However, the prohibition has become more of a guideline in actual use. Since its introduction, crypto taxation has been a topic of discussion among Chinese officials. In addition, a judgement decided in 2022 made it clear that residents

May 8, 2023 1 min read

Principality of Liechtenstein Embraces Bitcoin: Govt. Services to Accept Crypto

Bitcoin and its acceptance have definitely raised questions worldwide. While some nations, including El Salvador, have legalized it, others are still skeptical. Even though El Salvador set an example for many nations to follow by embracing it, only a few have given it serious thought. Liechtenstein Prime Minister Daniel Risch

May 8, 2023 1 min read

Bitcoin Average Transactions Fees Surges to $19.20 Amid Recent Congestion

Fears of a Denial of Service (DoS) “attack” on the Bitcoin network were voiced on Crypto Twitter over the weekend due to a dramatic increase in transaction fees and unconfirmed transactions. In response to these concerns, several Bitcoin experts and pundits have sought to reassure their individual communities. According to

May 8, 2023 2 mins read

Bulls or Bears; What’s the Fate of Crypto Market This Week?

The week starts with a red note for the cryptocurrency market. Every asset listed in the crypto sphere is showing a red movement in its price as well as a market capitalization graph. Pioneers in the trade, Bitcoin (BTC) and Ethereum (ETH) are 2.45% and 1.86% down in the last

May 8, 2023 1 min read

Kazakhstan Collects Approx $7 Million in Tax From Crypto Miners in 2022

Local media outlets indicate that in 2022 after a new rule was passed to regulate the financial burden of cryptocurrency mining, the government of Kazakhstan collected 3.07 billion tenge (about $7 million) in tax payments from crypto mining businesses. As of April 27th, 2023, the government has earned 240 million

May 7, 2023 1 min read
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