Sat, October 17

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

Galaxy Digital Moving Out of U.S Amid Regulatory Uncertainty

Galaxy Digital, a leading cryptocurrency investor, is the latest significant player to leave the United States in response to the recent governmental onslaught. CEO Mike Novogratz of Galaxy Digital made the decision to relocate the company’s operations on Tuesday, May 9. He cited the challenging regulatory climate in the United

May 10, 2023 2 mins read

Crypto Market Rallies as U.S CPI Inflation Comes in at 4.9% for April

According to the US Bureau of Labor Statistics, annual inflation in the United States for April came in at 4.9%, which was lower than the consensus estimate of 5%. In addition, after increasing by 5.6% in March, the annual core inflation rate declines to 5.5% in April. As a consequence,

May 10, 2023 1 min read

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