Sun, March 9

Bitcoin’s Total Network Hashrate Hits an All-time High

The rise in hashrate has coincided with the mining difficulty of Bitcoin reaching a record high. The maximum rate of 321.15 exahashes per second is equivalent to 0.32115 ZH/s. According to data compiled by coinwarz.com, Bitcoin’s overall hashrate reached an all-time high (ATH) on Wednesday, at block height 757,214. The

October 6, 2022 1 min read

NFT Collection Held by Three Arrows Capital To Be Auctioned

The liquidator overseeing bankruptcy proceedings has possession of the collection. The majority of the assets were moved to the new wallet in the last 2 days. This week, the highly significant Ethereum-based NFTs belonging to the crypto hedge fund Three Arrows Capital were transferred to a new wallet. And the

October 6, 2022 1 min read

National Debt of United States of America Surpasses $31.4T

Recent estimates put daily debt growth in 2022 at $5.6 billion. US inflation reached a 40-year high, another factor in the hike in interest rates. The global spread of the epidemic only caused misery for people everywhere. The fight against the deadly coronavirus brought home to millions of people the

October 5, 2022 1 min read

Ray Dalio Founder of Bridgewater Associates Steps Down

This year, until September 30th, its flagship Pure Alpha strategy gained 34.6%. Bridgewater Associates was established in 1975 by Ray Dalio. The billionaire who started the biggest hedge fund in the world, Bridgewater Associates, Ray Dalio, announced his resignation today. His departure completes the transition of the corporation to a

October 5, 2022 1 min read

SEC Shuts Down Fraudulent Crypto Firm Over Ponzi Scheme

A fake cryptocurrency offering that specifically targeted the Latino population in the United States was immediately shut down by the Securities and Exchange Commission (SEC). According to an SEC complaint published on Monday. Houston natives Mauricio Chavez and Giorgio Benvenuto, who ran the Texas business CryptoFX, “used the attraction and

October 5, 2022 1 min read

European Parliament Votes in Favor of Crypto Tax Policies

Only 7 of the 705 MEPs were opposed to the resolution while 47 were missing. Small investors and transactions are also taken into account by the resolution. The European Parliament has approved a plan to use blockchain technology to provide a more robust approach to minimizing instances of tax evasion,

October 5, 2022 1 min read

Fidelity Invests $5 Million in New Ethereum Index Fund

Fidelity has been hard at work on their own cryptocurrency exchange, called EDX Markets. Mike Novogratz, CEO of Galaxy Digital first informed about the update. Registration paperwork submitted to the U.S. Securities and Exchange Commission (SEC) reveals that Fidelity has invested $5 million in a new Ethereum index fund. Moreover,

October 5, 2022 1 min read

Swiss McDonald’s Accepts BTC and Tether Payments

McDonald’s starts accepting BTC and USDT payments in Switzerland. Lugano city’s McDonald’s to be the first to accept crypto payments. City of Lugano is keen on making the city completely crypto based. McDonald’s, the world’s one of the first widely spread out multinational global fast food chains, has been accepting

October 4, 2022 2 mins read

Bitcoin Price Rallies Surpassing $20k Threshold Mark

As the US dollar hit its lowest level against multiple G7 currencies in two weeks on Tuesday, Bitcoin rose past $20,000. The rising dollar has reduced the value of commodities like crude oil, whose price dropped to a nine-month low last week. Additionally, Ethereum prices surged to a new five-day

October 4, 2022 1 min read

Strong Recommendation of Crypto Regulation to the US Congress

FSOC Report provokes the mandatory need of crypto regulation in the US  The UN forecasts a 2.5% drop in global economic growth this year. The Biden administration and the Capitol Hill, a.k.a the US Congress, are in serious conversation to enforce a crypto regulatory framework in the United States. The

October 4, 2022 2 mins read