Thu, January 16

Crypto Market Reacts Positively Amid Reduced U.S Inflation Rate

Compared to June, the annual rate of inflation reduced marginally to 8.5%. Bitcoin is trading at $24,003 with a 4% increase in the last 24 hours. After a long period of stagnation, U.S inflation has fallen for the first time since April. Compared to June, the annual rate of inflation

August 10, 2022 2 mins read

Iran Confirms Its First Cryptocurrency-Based Import Order

Iran Imports goods worth $10 Million in Cryptocurrency. Smart contracts and digital assets will be widely utilized in international trade. According to recent reports, the Middle East country, Iran placed its first import order using cryptocurrencies, which includes products worth $10 million. Iran’s Ministry of Industry, Mine, and Trade granted

August 10, 2022 1 min read

Tesla CEO Elon Musk Sells $6.9B Worth Shares Amid Twitter Storm

There were 7,924,107 TSLA shares sold, according to Tesla CEO Elon Musk. In the previous 10 months alone, Musk has sold $32 billion worth of shares. Tesla CEO Elon Musk has been in the spotlight a lot lately. Musk has been the talk of the town in every aspect of

August 10, 2022 2 mins read

CleanSpark BTC Mining Company Acquires Additional Resources

CleanSpark Inc., an American bitcoin mining company has acquired a mining field with a capacity of 86 MW from WAHA technologies. The acquired site is located in Washington, Georgia and the deal has been made between the companies for $16.2 million. Before this acquisition, CleanSpark gained 3400 new Antminer S19

August 10, 2022 2 mins read

China Cracks Down on Crypto-Related Activities on Internet

Cyberspace Administration has taken down more than 12,000 social media profiles. As a result of the interactions with 500 or more websites, 105 of them were shut down. When other countries looked to be jumping on the crypto bandwagon, China made a decision to completely outlaw it. The nation ruthlessly

August 9, 2022 2 mins read

Will Bitcoin(BTC) Price Surge Above $24K?

BTC price surged up to $24,200 but decreased after that limit. At the time of writing, the coin was trading at $23,886. Bitcoin (BTC) broke the $24K overhead resistance today but was not able to sustain it over the $24,200 limit. Experts predicted that if the coin crossed the $24.2K

August 9, 2022 2 mins read

Galaxy Digital Incurs $554.7 Million Comprehensive Loss in Q2

Galaxy’s investments were $753.9 million at the time of the report. Non-algorithmic stablecoins accounted for $256.2 million. This has been a difficult year for Galaxy Digital. The Digital asset management and investment giant posted a net comprehensive loss of $554.7 million in the second quarter on Monday, a whopping three-fold

August 9, 2022 1 min read

Bitcoin Is Driving the Growth of International Tourism in El Salvador

Surfing, bitcoin, and crime reduction were responsible for the country’s tourism  comeback. Compared to 2019 Salvador’s tourism revenue increased by 6%. The president of El Salvador, Nayib Bukele, expressed his views on the rise in tourism-related revenue in the country and advocated for the introduction of bitcoin (BTC) as legal

August 8, 2022 2 mins read

Elon Musk Optimistic Claiming Worst Inflationary Pressure Behind Us

Elon Musk predicted that the company’s commodity costs will begin to decline. Federal Reserve has been raising interest rates in an effort to contain inflation. On Saturday, August 6, Tesla CEO Elon Musk held a shareholders’ meeting and gave some optimistic information regarding the world economy. As inflationary pressures begin

August 7, 2022 2 mins read

Jack Dorsey’s Block Inc Registers $1.5B in Q2 Profits

The American-based Block Inc, reports $1.5B in Q2 profits. The firm generated only $41 million, through the BTC trading service. The digital payments company, Block Inc., formerly Square, has released its Q2 result. The financial service, owned by former Twitter CEO, Jack Dorsey saw its year-over-year (YoY) profits jump 29%

August 5, 2022 1 min read
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