Wed, September 23

Jack Dorsey’s Block Develops High-Performance Bitcoin Mining ASIC

The prototype design of a high-performance Bitcoin mining ASIC at 5 nanometers has been completed by Jack Dorsey’s business, Block. On April 28, 2023, the corporation updated its website with the news. The American company acknowledged the technological and financial difficulties of manufacturing bitcoin mining ASICs. As a result, there

April 30, 2023 1 min read

Elon Musk Announces New Twitter Initiative Compensating Creators

Elon Musk, CEO of Twitter, has announced yet another ground-breaking plan to increase the company’s revenue and benefit Twitter’s content providers. Twitter has been implementing an increasing number of novel features to enhance the service for its users and foster an open dialogue. This update allows crypto influencers and other

April 30, 2023 2 mins read

Lightning Network Gets New Update to Its Litd Node Management Tool

Bitcoin technology firm Lightning Labs, a key contributor to Bitcoin’s lightning-fast and scalable Lightning Network, has updated the user-friendliness of its node management tool, Litd. It may be difficult for users who aren’t tech-savvy or who don’t want to spend hours studying each aspect of the protocol to transmit a

April 30, 2023 2 mins read

Revolut Partners With Koinly to Integrate Automated Tax Reporting Services

With the cryptocurrency sector coming under the scrutiny of tax authorities throughout the world, the fintech company Revolut has added an automatic tax reporting tool for its customers. The fintech firm has collaborated with Koinly, a cryptocurrency tax solution, to give its customers the ability to produce cryptocurrency tax reports

April 29, 2023 1 min read

Hong Kong All Set to Release Crypto Regulatory Framework by Next Month

Hong Kong seems to be realizing its goal of becoming a center for the cryptocurrency industry. Guidelines for regulating cryptocurrency exchanges are expected to be released by the Securities Futures Commission (SFC) of the jurisdiction in May 2023. The finance regulator initiated a similar platform for public input last year.

April 27, 2023 1 min read

The Number One Asset Bitcoin Jumps Over 10% in a Day

For the first time in a week, Bitcoin (BTC) briefly climbed back above $30,025 before falling back. The largest cryptocurrency market cap fluctuated during New York trading hours between gains of up to 10% and losses of about 1% before settling at about $29,282.  Also, this brings to the attention

April 27, 2023 1 min read

Mt. Gox-Related Bitcoin Alert Not to Blame for BTC Price Drop?

On Wednesday, the Bitcoin price dropped at the same time as an Arkham Intelligence bug fix-related occurrence. A well-known Twitter account for cryptocurrency news, DB, shared an extract from an Arkham Intelligence alert stating that Mt. Gox and US government wallets were doing transactions. [DB] Mt Gox and US Govt

April 27, 2023 1 min read

Bitcoin Whitepaper Removed From Latest MacOS Beta by Apple

The white paper for Bitcoin was mysteriously deleted from the beta version of the newest operating system by the world’s leading IT business. The Bitcoin white paper has apparently vanished from the current beta version of MacOS Ventura 13.4, as reported by an Apple-centric news site on April 25. The

April 26, 2023 1 min read

Bitcoin Moves to Uptrend After 94% Drop in First Republic Bank Stock

First Republic Bank’s ($FRC) share price plunged around 50% as it lost more than $100 billion in customer deposits. Despite this, Bitcoin’s (BTC) price surged over 6% to the $29K price range.  After losing more than half of its deposits, First Republic Bank has a steep slope to climb to

April 26, 2023 2 mins read

Banking Crisis Continues as First Republic Bank Reportedly Falling Apart

First Republic Bank (FRC) now risks a similar fate after Silvergate and Signature Bank failed late last month since it has few choices to turn things around. This might soon become the third big bank to fall this year, spreading widespread panic throughout the United States and abroad. The bank

April 26, 2023 2 mins read