Wed, May 20

Bitcoin Fear and Greed Sentiment Changes to ‘Fear’ Amid Market Downturn

After a promising start, crypto has taken a beating this year, with external factors being at fault once again being the primary cause. As a consequence, bitcoin and other cryptocurrencies have suffered, contributing to yet another shift in public opinion. Several cryptocurrency-related organizations and projects collapsed last year, leading to

March 11, 2023 1 min read

Privacy-focused Brave Browser Now Allows Selling Crypto Within Wallet

On Friday, Brave, a web browser with an emphasis on privacy, announced the launch of a new feature. It enables users to trade their crypto for fiat currencies such as US dollars, Euros, or British pounds without leaving the Brave Wallet. Since major cryptocurrency exchanges misused client funds and finally

March 11, 2023 2 mins read

Current Crypto Crash Does Not Seem To Be a Coincidence

Bitcoin (BTC) fell roughly 8% in the last 24 hours before Friday morning’s employment figures. But it has since recovered marginally, rising back to just around $20,000. A steady unemployment rate of 3.4% was predicted, but instead, the rate increased to 3.6%. Recent statistics indicate a frightening $2 trillion loss

March 10, 2023 2 mins read

U.S President Proposes 30% Tax on Electricity Used For Crypto Mining

U.S. President Joe Biden unveiled his proposed yearly budget recently. The president laid forth his plans for the next year. The proposal mentioned cryptocurrency mining in the context of the digital asset sector.  In particular, Biden has proposed a 30% tax on all power used to mine Bitcoin and other

March 10, 2023 1 min read

Bitcoin (BTC) Price Hits $19K, Will the Decline Continue?

Crypto market leads Bitcoin (BTC) and Ethereum (ETH) have plunged more than 8% in the last 24 hours. The whole market is in panic as every other cryptocurrency is seen in red. Among the top 20 coins, only the stablecoins are witnessing a green graph.  The fall is continuously declining

March 10, 2023 1 min read

Bitcoin (BTC) Price Drops Below $22K, Why?

Bitcoin (BTC), the world’s largest cryptocurrency, is trading lower on Thursday. Also, the global cryptocurrency market cap was trading lower at around 993.77 billion, down 01.45% in the last 24 hours. At the time of writing BTC is currently trading at $21,653.35 with a 24-hour trading volume of $22,076,254,35. BTC

March 9, 2023 1 min read

UK FCA Continues Crackdown on Illegally Operating Crypto ATMs

In conjunction with the Metropolitan Police, the largest police agency in the United Kingdom, Britain’s main financial regulator, the Financial Conduct Authority (FCA), stated on Wednesday that it has taken additional action against unlicensed crypto ATMs in East London. The FCA and the West Yorkshire Police conducted a series of

March 9, 2023 1 min read

Silvergate Capital Corporation Voluntarily Liquidates Bank Assets

Silvergate, the crypto-friendly banking service wind down its operations and is in process of voluntary liquidation. The bank announced the stoppage of crypto payment services, which was major “the heart” of the firm, as the week began. The crypto ecosystem now will have one less banking support. Silvergate news announcement

March 9, 2023 2 mins read

Crypto Firms in India Now Considered ‘Reporting Entities’ on Par With Banks

Despite the fact that the Indian government and central bank have been skeptical of the cryptocurrency market, they are now striving to provide some regulatory clarity to the topic. Crypto and NFT businesses in India are considered “reporting entities” under the country’s Prevention of Money Laundering Act (PMLA), according to

March 8, 2023 1 min read

Crypto Market Fumbles Amid Interest Rate Hike Hints by Fed Chair

Today was the first day of Federal Reserve Chair Jerome Powell’s semiannual hearing on monetary policy. Talking to a group of senators, he told them that the Fed is determined to get inflation down and would do everything it takes to make that happen. It was made quite plain by

March 7, 2023 1 min read