Tue, July 7

Grayscale Bitcoin Trust (GBTC) Jumps 12% Despite Ongoing Struggles

On Monday, shares of the struggling Grayscale Bitcoin Trust (GBTC) jumped, bringing the trust’s discount to Bitcoin closer to BTC’s original price. The over-the-counter security saw a price increase of 11.56%, to $9.65, yesterday. As a result, the trust’s discount relative to the NAV of its Bitcoin assets shrank to

January 10, 2023 1 min read

Nepal Issues Notice to ISP’s Towards Ban on Online Crypto Access

There has been a directive from Nepal’s telecoms authority for all ISPs in the nation. To ban access to any and all cryptocurrency trading websites, with legal repercussions for those who don’t comply. The Nepal Telecommunication Authority (NTA) issued a notification on January 8. Instructing Internet service providers (ISPs) and

January 10, 2023 1 min read

Elon Musk Unveils Upcoming UI Modifications of Twitter

Twitter CEO Elon Musk has announced significant upcoming modifications to the service’s user interface (UI). New Twitter capabilities, many of which he revealed, will go out starting next week. Long-form tweets, a bookmark button, and fast swipe navigation between suggested and following content are just some of the new features.

January 9, 2023 1 min read

Thailand SEC Announces Opening of Crypto Academy For Investors

Last week, the Thai Securities and Exchange Commission (SEC) announced the opening of “Crypto Academy.” An initiative to make available educational materials and training programmes on cryptocurrency and related topics. The regulator said that the program’s goal is to educate the public about digital assets and blockchain technology. So that

January 8, 2023 1 min read

Romanian Hospital Struck by Ransomeware Demanding Bitcoin

From December forward, hackers blocked access to the digital medical records of the Saint Gheorghe Recovery Hospital in Botoşani, Northeastern Romania. And demanded payment in crypto for unlocking them. Local news source Monitorul de Botoşani claimed on Tuesday, citing the English-language website Romania Insider, that hackers had compromised the servers,

January 8, 2023 1 min read

Fidelity Reduces Value of Investment in Twitter by More Than Half

Following the backing of Elon Musk’s purchase of Twitter, investment company Fidelity has written down the value of its original share in the social media site. Fidelity Blue Chip Growth Fund has reduced the carrying value of its Twitter investment by more than 50 percent, as reported in a November

January 8, 2023 1 min read

Kazakhstan Crypto Miners Now Subject To Higher Electricity Charges

Cryptocurrency miners in Kazakhstan have been subject to a progressive scale. For the calculation of their monthly power fees as of January 1. The first universal fee, implemented in the summer of 2021, was 1 Kazakhstani tenge ($0.002) per kilowatt-hour (kWh). But it may currently exceed 25 tenge (above $0.05).

January 7, 2023 1 min read

Bitcoin Mining Hashrate Reaches New All-time High This New Year

This first week of 2023 has been particularly intense for Bitcoin’s computing power, as it set a new milestone and ushered in the year by shattering its previous high point. On 7 January, Bitcoin’s hashrate was reported to be 290 EH/s, having already reached an ATH the day before. ATH

January 7, 2023 1 min read

UK’s National Crime Agency (NCA) Announces New Crypto Crime Unit

The National Cyber Crime Unit (NCCU) Crypto Cell is a new unit of the UK’s National Crime Agency (NCA) tasked with proactively investigating cryptocurrency-related crime. The NCA has announced that the inaugural squad would consist of five officers working out of the NCCU. While the NCA’s interest in combating crypto

January 5, 2023 1 min read

Iran Returns Confiscated Crypto Mining Hardware After Courts Ruling

The Iranian government’s OCSSOP is giving back some of the mining hardware it confiscated during raids on underground cryptocurrency operations. According to the Financial Tribune, the Iranian courts issued the ruling. The country’s Ministry of Economic Affairs and Finance cited the organization’s chairman, Abdolmajid Eshtehadi as saying: “Currently, some 150,000

January 4, 2023 1 min read