Wed, September 23

History Indicates April is The Bull Month For Crypto Industry

Investors are still hopeful for a positive outlook in the cryptocurrency market during April, despite March being a bullish month for most cryptocurrencies. There is speculation that the market could reach new all-time highs in the coming weeks. The crypto market is gaining popularity and momentum, and historical trends indicate

April 5, 2023 2 mins read

UBS Group to Fire 36,000 Employees Post Credit Suisse Merger

There was a tremendous upheaval in the technology industry in the United States in 2023, with over 60,000 people losing their employment in layoffs in only the month of January. Google, Microsoft, Amazon, and Salesforce, all major heavyweights in the tech industry, have announced large-scale layoffs for 2023. Last month,

April 3, 2023 1 min read

Inscriptions On Bitcoin Ordinals Increased Owing to BRC-20 Tokens

The amount of Ordinals inscribed on the Bitcoin network has reached a new daily all-time high (ATH), due to the blockchain’s token standard, which just recently introduced. On April 3, Bitcoin Ordinals reached 759,285 inscriptions.  As its launch in January, ordinals, a protocol that allows content like text and art to

April 3, 2023 1 min read

El Salvador Abolishes All Taxes Related to Technological Advancements

Being the first government to recognize Bitcoin as legal cash, El Salvador has made the bold move of abolishing all taxes on technological advancements. This action is being taken in tandem with the launch of El Salvador’s National Bitcoin Office (ONBTC), or “the Bitcoin office.” Moreover, to combat hyperinflation and

April 1, 2023 2 mins read

Top Crypto Predictions for April 2023

Due to this year’s strong performance of the Bitcoin price, the total cryptocurrency market cap, excluding BTC, has underperformed. The technical indicators for the total crypto market cap are encouraging. TheNewsCrypto looks into some of the most important cryptocurrency predictions for April. Further, altcoins finally catch up to Bitcoin’s pace.

April 1, 2023 5 mins read

Justin Sun Bids to Purchase 41.5k BTC from the U.S. Government

Tron’s Co-founder, Justin Sun, offers a deal to purchase 41,500 BTC which is worth approximately 1.2 billion USD at a 10% discount. The United States government wants to liquidate the bitcoins in a series of four batches this year – forfeited in the Silk Road case.  As reported on March

April 1, 2023 1 min read

Center for AI Files Complaint to FTC Against ChatGPT Creator

In an effort to prevent potentially dangerous consumer access to advanced AI systems, the Center for Artificial Intelligence and Digital Policy (CAIDP) has filed a complaint with the United States Federal Trade Commission (FTC). The CAIDP filed a lawsuit on March 30 alleging that OpenAI’s newly published big language model,

March 31, 2023 1 min read

Denmark Supreme Court Mandates Taxation on Bitcoin Profits

The Denmark Supreme Court decided that bitcoin sales proceeds must be taxed as ordinary income. Investors and miners are both affected by the new law. The Højesteret, Denmark’s highest court and the last arbiter in civil and criminal matters, issued a ruling on March 30 mandating taxation on bitcoin gains.

March 30, 2023 1 min read

Boerse Stuttgart Digital’s Subsidiary Receives Crypto Custodian License by BaFin

The German Federal Financial Supervisory Authority (BaFin) issued the final license as a cryptocurrency custodian to Boerse Stuttgart Digital’s subsidiary, blocknox GmbH on Thursday. This comes at a time when the stock markets throughout the world have begun to recover. From the recent plunge caused by the downfall of major

March 30, 2023 1 min read

Crypto Exchange Beaxy Shuts Down Operations Post-SEC Charges

The cryptocurrency platform Beaxy and its management are facing accusations from the Securities and Exchange Commission (SEC). This is for allegedly failing to register as an exchange, broker, or clearing agency. The finance regulator has taken another step in its unprecedented onslaught on US cryptocurrency businesses. Beaxy Digital Ltd, was

March 30, 2023 2 mins read