Sat, November 22

Bitcoin (BTC) Surpassed Fear and Enter Into Greed Index

Bitcoin (BTC) has begun the year on a positive note, entering the green candle march and trading bullish from the start, overcoming previous bears. BTC is frequently regarded as an alternative investment, and its price can be quite volatile. Despite this, many people and institutions have invested in it as

January 30, 2023 2 mins read

Insolvent Core Scientific Files Petition For Selling $6.6M Bitmain Coupons

As shown by court documents, on January 25th, insolvent Bitcoin mining company Core Scientific filed an emergency petition in an attempt to sell $6.6 million in Bitmain coupons. According to the filing, the vouchers are essentially worthless to Core Scientific because of the constraints placed on them. These vouchers are

January 29, 2023 1 min read

Governor of Irish Central Bank Proposes Ban on Crypto Ads

Some governing bodies throughout the globe are planning to implement regulations on crypto advertising to protect the public from being misled. The head of Ireland’s central bank does not think highly of cryptocurrencies. On Wednesday, Bloomberg reported that Irish Central Bank governor Gabriel Makhlouf told legislators that the bank is

January 29, 2023 1 min read

Crypto Mining in Residential Areas of Russia Might Face Ban Soon

Russian presidential advisors on the Energy Committee of the State Council have proposed a ban on cryptocurrency mining in residential zones. Local media have stated that members of the group think the change would make the community safer from fires. The plan is to outlaw cryptocurrency mining nationwide, or at

January 29, 2023 1 min read

U.S Federal Reserve Rejects Custodia Bank’s Membership Application

Custodia Bank’s application for membership in the Federal Reserve System was rejected by Federal Reserve Board in the United States. This was on the grounds that the bank’s “novel business model and proposed focus on crypto-assets presented significant safety and soundness risks.” The Fed also noted that Custodia’s risk management

January 28, 2023 1 min read

New York State Senate Proposes For Crypto Payments in State Entities

The goal of a new measure proposed in the New York State Senate is to allow the use of certain cryptocurrencies as a legitimate means of payment for state entities. To do so would mean accepting cryptocurrency as payment for a variety of state-issued fines, taxes, and other levies. Bitcoin,

January 28, 2023 1 min read

US SEC Investigating Investment Advisers’ Crypto Custody

The United States Securities and Exchange Commission (SEC) has been looking into traditional Wall Street financial advisers who may be providing client custody of digital assets without the necessary authorization.  According to the reports, the SEC is targeting a major fraction of its investigation on registered investment advisers. To determine

January 27, 2023 1 min read

SEC Rejects Bitcoin Spot ETF Proposal of Ark Invest and 21Shares

A Bitcoin spot ETF has been denied approval by the SEC yet again. ARK Invest, led by Cathie Wood, and 21Shares, a provider of cryptocurrency exchange-traded funds (ETFs), tried again with their strategy to launch the Bitcoin ETF, but were unsuccessful. The original filing date was May 13 of last

January 27, 2023 2 mins read

Canadian Bitcoin Miner Files Lawsuit Against Energy Supplier

The North American Bitcoin Mining Corporation Hut 8 proceeded with a lawsuit filing against one of its energy suppliers Validus Power Corp in Ontario. On Thursday, Hut 8 filed a “Statement of Claim” in the Superior Court of Justice of Ontario, taking the crucial step in the ongoing dispute that

January 27, 2023 2 mins read

US Senate Finance Committee Explored Benefits of Bitcoin Mining

Bitcoin education is booming worldwide as many investors and platforms enter the blockchain domain. Nowadays, several crypto-based organizations are coming forward to expand crypto education. Under this, Dennis Porter, co-founder, and CEO of the Bitcoin mining support group Satoshi Action Fund has conducted a presentation on the benefits of BTC

January 27, 2023 2 mins read
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