Mon, July 28

Bitcoin (BTC) Reaches $24K Range, Signaling for Bull?

Bitcoin (BTC), the genesis and leading asset in the cryptocurrency market has made its way to $24,000.The last record made on the $24k limit was on June 2022. And the whole crypto market takes it as an indication of the bull run. This price is also the new high in

February 16, 2023 2 mins read

El Salvador Step Forward to Open Second Bitcoin Embassy in Texas

While the International Monetary Fund (IMF) ‘warned El Salvador’ against boosting the government’s involvement with Bitcoin (BTC), the Central American country plans to open a second “Bitcoin Embassy” in Texas after establishing its first one in Lugano, Switzerland.  According to a Twitter post from Milena Mayorga, El Salvador’s Ambassador to

February 15, 2023 1 min read

FCA of UK Clamps Down on Crypto ATMs Over Non-registration

Recently, the Financial Conduct Authority (FCA) in the United Kingdom has been clamping down on cryptocurrency ATMs. That are not properly registered. The authority claims to have recently visited and investigated a number of locations near Leeds. It is a city in Northern England that was suspected of housing illegally

February 14, 2023 2 mins read

U.S Inflation Falls to 6.4% in January as per Recent Release

Near the conclusion of last year, inflation in the United States began to moderate. As the CPI data has been refined over the previous several months, this tendency has been confirmed once again. The 7.1% inflation rate recorded in November was below market forecasts. This trend continued in December when

February 14, 2023 2 mins read

Iris Energy Plans Boosting Internal Mining Capacity to 5.5 EH/s

Following a severe cash flow shortfall in the month of November, Iris Energy said on Monday that their hash rate had returned to levels seen before the FTX incident. The Bitcoin mining company plans to boost its internal mining capacity from 2.0 EH/s to 5.5 EH/s during the next several

February 14, 2023 2 mins read

Singapore-based DBS Bank To Offer Crypto Trading in Hong Kong

DBS Group Holdings Ltd. plans to apply for a license that would allow it to offer cryptocurrencies to customers in Hong Kong as the region works towards becoming a hub for digital assets. The DBS Bank in Singapore runs a digital currency exchange, which it made available for cryptocurrency trading

February 13, 2023 1 min read

EminiFX CEO Pleads Guilty to $248 Million Fraud as per U.S DOJ

With his guilty plea to commodities fraud in a New York district court. Eddy Alexandre, the apparent CEO of cryptocurrency trading platform EminiFX, agreed to reimburse victims of his “cryptocurrency investment scam” to the tune of millions. On February 10th, the US Department of Justice (DOJ) reported that Alexandre pleaded

February 13, 2023 1 min read

India Seeks to Explore Crypto Regulation Via G20

Despite the challenging global economic conditions, central bank officials strive to stabilize Asia’s third-largest economy. As the Indian Finance Minister Nirmala Sitharaman stated in a LokSabha question hour, the Group of 20 (G20) big economies are exploring “the possibility of regulating cryptocurrencies and crypto mining” as a group. While China

February 13, 2023 1 min read

Bitcoin’s Market Cap Might Hit $200 Trillion by 2032

The 2009 Bitcoin prediction of Hal Finney, popularly Bitcoin’s first recipient, is now re-asserted by Adam Back, Founder and CEO of Blockstream, on Twitter. As per his prediction in the tweet thread, in the next 9 years, the price of one Bitcoin (BTC) might ramp up to $10 million. early

February 13, 2023 2 mins read

Abkhazia Authorities Crackdown on Illicit Crypto Mining Operations

Ministry of Internal Affairs of the partially recognized republic in northeastern Georgia said in a news release that police in Abkhazia are conducting daily searches to detect mining operations. That have been illegally linked to the power grid and examine previously shut down crypto farms. To prevent the import of

February 12, 2023 1 min read
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