Thu, May 14

Bitcoin Best Performing Asset Year-to-Date as per Goldman Sachs Report

Goldman Sachs‘ assessment of asset returns for the year so far indicates that Bitcoin has been their best-performing asset. This comes after a disastrous year for the cryptocurrency market in 2022, when the leading cryptocurrency surged above some of the banking sector’s greatest assets. The Goldman Sachs research highlighted the

January 26, 2023 1 min read

Blockstream Raises $125 Million To Expand Bitcoin Mining Operations

Blockstream, a Bitcoin technology firm, has secured $125 million to expand into Bitcoin mining. On the other hand, the industry’s major players have been fighting to remain alive. Mining requires the use of specialized, power-hungry gear, but the miners are rewarded with a predetermined quantity of Bitcoin in exchange for

January 25, 2023 1 min read

New York Regulator Releases Guidelines For Segregating Customer Funds

On Monday, New York authorities issued a further warning to the crypto industry, this time regarding how to safely manage its clients’ digital assets. The New York Department of Financial Services (NYDFS) sent a public letter to the sector explaining the need of segregating client funds, the role that custodians

January 24, 2023 1 min read

Mining Firm Argo Blockchain Resumes Trading on Nasdaq Stock Exchange

In a filing with the SEC made on Monday morning, Argo Blockchain reported that its stock, ARBK, has re-entered trading on Nasdaq. Moreover, Nasdaq originally informed Argo that trading would be suspended on December 16 due to the company’s shares not closing above $1 for 30 days in a row.

January 24, 2023 1 min read

FHLB Led Billions of Dollars to the Most Prominent Crypto Banks

The  Federal Home Loan Banks System (FHLB) of the United States is financing billions of dollars to two of the biggest cryptocurrency banks to lessen the impact of a spike in withdrawals. The FHLB is an association of 11 regional banks from different parts of the country. And that lend

January 24, 2023 2 mins read

El Salvador Proves its Supremacy by Paid Off $800 Million Debt

Despite the skepticism expressed by significant national and international media outlets that the “El Salvador government was in default,” President Nayib Bukele stated on his Twitter account that ‘the country fully paid the bond maturing in 2023, worth $800 million plus interest’. In the past year, almost every legacy international

January 24, 2023 2 mins read

Ark Invest Offloads 500,000 Grayscale Bitcoin Trust (GBTC) Shares

Cathie Wood’s Ark Invest offloaded a piece of its Grayscale Bitcoin Trust (GBTC) shares since November’s Bitcoin price lows, the latest data indicates. During the month of November 2022, Ark Invest increased the value of the ARK Next Generation Internet ETF (ARKW) by $4.5 million by purchasing 450,272 GBTC shares.

January 23, 2023 1 min read

Cumulus Data to Launch Nuclear-Powered Bitcoin Mining Center

Bitcoin’s popularity has skyrocketed, and it shows no signs of slowing down. Bitcoin mining activities will soon be started in the United States’ first data center fueled entirely by nuclear energy. A report claims that Cumulus Data, a subsidiary of independent power producer Talen Energy and a developer of zero-carbon

January 23, 2023 1 min read

BI Rescues Suspected Victims of Cryptocurrency Trafficking Ring

According to reports, the Travel Control and Enforcement Unit (TCEU) of the Philippine Bureau of Immigration (BI) reported on Friday that it has rescued six suspected victims of a cryptocurrency trafficking ring. The passengers were about to board a Jetstar flight to Phnom Penh on January 15 when they approached

January 23, 2023 1 min read

Central African Republic Working on Legal Framework For Cryptocurrencies

A 15-person committee was established in the Central African Republic (CAR). A developing nation in Central Africa, to create legislation regulating the usage of cryptocurrencies. And tokenization in the country and the region. The president of the Central African Republic, Faustin-Archange Touadéra, has said that he believes cryptocurrency will play

January 23, 2023 1 min read
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