Wed, September 23

CFTC Proposes Regulations To Counter Negative Impact of Crypto and AI

The Commodity Futures Trading Commission (CFTC) has proposed new regulations for risk management to account for the potential impact of “evolving technologies” like cryptocurrency and AI. Commissioner Goldsmith Romero stated on Thursday that as a result of the emergence of distributed ledger networks, various sectors have started adopting or exploring

June 2, 2023 2 mins read

Bitcoin Mining Firm CleanSpark Buys 12,500 Mining Gear Worth $40.5M

CleanSpark, a Bitcoin mining company, has invested $40.5 million in 12,500 new ASICs to increase its fleet size. The mining company’s overall hash rate is expected to increase to more than 16 EH/s as a result of the new hardware. Moreover, CleanSpark said on Thursday that the cost per terahash

June 2, 2023 1 min read

Silvergate Bank To Submit Self-liquidation Plan Shortly Post Fed Consent

Silvergate Bank, renowned for its crypto-friendly attitude, has agreed to submit a self-liquidation plan with California banking authorities within 10 days, marking a major breakthrough for the cryptocurrency sector. In light of the Federal Reserve Board’s consent decree against Silvergate Capital Corporation and Silvergate Bank, released on March 8, 2023.

June 2, 2023 1 min read

Bitcoin Miners Rake in Impressive $916 Million in May Revenue

In May, Bitcoin mining revenue achieved a significant milestone, reaching $916.6 million, representing a notable month-over-month increase of 13.7%. The Block’s Data Dashboard reveals that this figure includes transaction fees totaling over $120 million. The surge in transaction fee revenue can be attributed to increased on-chain activity, primarily driven by

June 1, 2023 1 min read

Investors find a new safe haven in Tradecurve, while Bitcoin shows uncertainty

The prevailing uncertain market conditions have made it difficult for investors to guess the price direction of Bitcoin (BTC). Besides, its uneven performance in the last few weeks has made investors jittery. Therefore, they are turning toward Tradecurve for better and stable returns. Due to its multiple real-world utilities, the

June 1, 2023 3 mins read

The Bitcoin Standard Author Appointed El Salvador’s Economic Advisor

President Nayib Bukele of El Salvador has hired Saifedean Ammous, who wrote The Bitcoin Standard, as an economic advisor for the country’s newly established National Bitcoin Office. According to a Bitcoin office statement, the author’s responsibilities include advising on matters concerning various economic policies and advocating for Bukele’s policy of

May 31, 2023 1 min read

Anti-bitcoin Mining Bill Denied: Bitcoin Miners Triumph in Texas

Bitcoiners were elated by the recent breaking news that emerged in Texas. The “Don’t Mess With Texas Innovation” campaign achieved triumph as it successfully defeated Senate Bill 1751. The Texas Blockchain Council, the Satoshi Action Fund, and the Chamber of Digital Commerce led the campaign. It was launched in response

May 31, 2023 2 mins read

Mastering Bitcoin Market Cycles: An In-Depth On-Chain Analysis

As the cryptocurrency market evolves, an in-depth analysis of Bitcoin’s on-chain metrics provides unparalleled insights into the network’s health, investor behavior, and potential price trends. In their latest report, Glassnode, a leading blockchain analytics firm, delves into various key factors shaping Bitcoin’s current landscape. Our latest #Bitcoin on-chain analysis video

May 31, 2023 2 mins read

Crypto Revolution in BRICS: India Leads the Way in Bitcoin Adoption

In an era where disruptive technologies are redefining financial boundaries, cryptocurrency, particularly Bitcoin, has emerged as a game-changer. No country illustrates this paradigm shift better than India, which has witnessed an astounding 2700% increase in new Bitcoin users over the past three years. According to reports, the dawn of India’s

May 31, 2023 2 mins read

Bitcoin Joins the NFT Bandwagon with BRC-721E Standard and Ordinals

In a groundbreaking move for the world of non-fungible tokens (NFTs), Bitcoin Ordinals and the BRC-721E protocol have made their grand entrance. This innovation has been heralded as a critical step in bridging the gap between the Bitcoin and Ethereum ecosystems. However, the two of the largest blockchain networks have,

May 31, 2023 2 mins read