Wed, November 26

Key Performing Cryptocurrencies for May 2023

The crypto market is continuing to grow and evolve with the launch of new memecoins. In recent days, memecoins have shown massive bullish intent in the crypto market. So it will be challenging for investors to identify the most performing cryptocurrencies. In this article, we will discuss the key performing

May 7, 2023 2 mins read

Bitcoin (BTC) Meets 46.1M Non-Zero Addresses, Soaring Adoption

The most prominent cryptocurrency, Bitcoin (BTC) gathered attention among the crypto community by reaching a new all-time high (ATH). As per the reports of Glassnode, a crypto analytics provider, it is noted that the overall non-zero addresses turn to an approximation of 46.1 million. #Bitcoin adoption continues to soar as

May 6, 2023 2 mins read

U.S SEC Awards $279 Million Payout to Anonymous Whistleblower

The $279 million payout is the highest whistleblower award ever made by the U.S. Securities and Exchange Commission (SEC). Typically, the SEC will give between 10% and 30% of any fines collected that are more than $1 million. The whistleblower must disclose information that directly aids the SEC in imposing

May 6, 2023 1 min read

Montana Leads Crypto Charge: Tax-Free Bitcoin Boosts Adoption

In a groundbreaking move, the State of Montana has emerged as a frontrunner in cryptocurrency adoption. The news has sent shockwaves through the financial world and further solidified Montana’s reputation as a haven for Bitcoin (BTC) enthusiasts. 🇺🇸‼️ US state of Montana bans ALL taxes on #Bitcoin when used for

May 6, 2023 2 mins read

Cash App Reports $2.16 Billion in Bitcoin Revenue for Q1 2023

According to a letter sent to shareholders on Thursday, Block reported a 16% rise year-over-year in Bitcoin gross profit to $50 million in the first quarter of 2023 due to an increase in Bitcoin sales to clients. Block said that it had received $2.16 billion in Bitcoin sales income, an

May 5, 2023 1 min read

Montana Passes Pro-Crypto Mining Bill “Right To Mine” Into Law

Montana Governor Greg Gianforte has signed a pro-cryptocurrency mining bill, S.B. 178, into law. The bill largely prevents local governments in Montana from passing laws that prohibit cryptocurrency mining. It enshrines crypto miners’ rights in the state by revising existing laws to prohibit discriminatory electrical rates for mining firms and

May 5, 2023 2 mins read

Bitcoin (BTC) Rises from 2020 Disaster on Pierre Rochard’s Statement

The Bitcoin (BTC) trading price has been on the move since the beginning of 2023. Bitcoin has steadily risen since the digital token recorded a price below the $6,000 level in 2020. Pierre Rochard, VP of Research at Riot Platforms, recently claimed on Twitter that data invalidates the belief that

May 5, 2023 2 mins read

Crypto Market Reacts Positively as ECB Raises Interest Rate by 25 Bps

Key interest rates were increased by the European Central Bank (ECB) by 25 basis points (bps) at its May 4 meeting, signaling a moderating pace of policy tightening. In April, Euro Area inflation hit 7%, while the underlying rate has remained at a record high of 5.6%. Following a similar

May 4, 2023 1 min read

U.K Government to Introduce Strict Ban on Cold Calls Selling Crypto

To prevent fraud, the United Kingdom is planning to outlaw cold calling for financial items, such as insurance and cryptocurrencies. According to the National Crime Agency, fraud costs the nation approximately £7 billion ($8.7 billion) yearly.  The UK offered 400 new jobs as a component of its new fraud strategy

May 3, 2023 1 min read

U.S Banking Crisis Continues as PacWest Bancorp Stock Falls by 27%

In the year 2023, banking has become very difficult. It all started with the failure of many major financial institutions, including Silvergate Bank, Signature Bank, and Silicon Valley Bank. The US government seized First Republic Bank earlier this week, and trading in the bank’s shares was temporarily stopped. The First

May 3, 2023 1 min read
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