Wed, January 15

U.S Federal Reserve Raises Interest Rates by 75 Basis Points

Consumers and companies are likely to reduce their borrowing and spending. The central bank had predicted an interest rate increase of 100 basis points. Second time in a row, the Federal Reserve hiked its benchmark interest rate by whopping three-quarters of a percentage point to combat excessive inflation. In a

July 28, 2022 2 mins read

El Salvador’s President Announces Plans to Repurchase $1.6B Bonds

The IMF pleaded with El Salvador to outlaw the use of Bitcoins as legal tender.   On Twitter, Bukele declared he was presenting two legislation to the National Assembly. According to El Salvador’s President Nayib Bukele’s announcement, the nation intends to repurchase $1.6 billion in dollar-denominated bonds from the market. Last

July 27, 2022 1 min read

Indian Crypto Exchange Eliminates Bitcoin Transaction Costs 

All BTC transactions are eligible for the new zero-fee trading offer. Currently CoinSwitch has listed 100 cryptocurrencies to its platform. India’s prominent cryptocurrency exchange platform, CoinSwitch, has removed trading costs for Bitcoin (BTC) transactions on its network, for a short period. During this offer period, all users with fully verified

July 27, 2022 1 min read

Mark Cuban Calls SEC Regulating Crypto Sector ‘a Nightmare’

Investors would have a difficult time complying with rules and regulations. Toomey criticized the agency’s approach to the crypto sector. Mark Cuban claims that the Securities and Exchange Commission’s regulation of how cryptocurrencies are registered would be nothing short of “a nightmare.” Shark Tank star and Dallas Mavericks owner shared

July 26, 2022 2 mins read

TBIS CEO Michael Stollery Pleads Guilty to 2018 Fraudulent ICO

As per DOJ, Stollery failed to properly register TBIS’s offering. It is anticipated that he will be sentenced on November 18, 2022. Titanium Blockchain Infrastructure Services (TBIS) CEO Michael Stollery has pled guilty to his participation in a scam that brought in $21 million via a false initial coin offering

July 26, 2022 2 mins read

India Still Waiting For Global Coordination on Crypto Regulation

Indian government can track cryptocurrency movements thanks to the 1% transaction tax. RBI has advised the government to set laws and outlaw cryptocurrencies. Over the last several months, China has seen one of the most stunning crackdowns on cryptocurrencies in the world. If other emerging nations in Asia follow suit,

July 25, 2022 2 mins read

Bitcoin (BTC) Innings of the Day

The price of BTC has been fluctuating around $20K in the last 7 days. Lighting Network BTC capacity is now 4,290 & has increased 34.6%. Bitcoin has made some new achievements today in terms of lighting network capacity and entity count with at least one BTC. The price of the

July 25, 2022 1 min read

Morgan Stanley Optimistic on El Salvador-issued Eurobonds

An $800 million bond payment is due in January 2023 on President Nayib Bukele. El Salvador’s initial purchase in September last year saw a 50% drop in its value. Investors can take advantage of the present pricing of El Salvador-issued Eurobonds because of the recent crypto meltdown, according to Morgan

July 24, 2022 1 min read

More Than 236,000 Bitcoin (BTC) Sold by Large Firms Since May

More than 19k BTC was traded by public miners following market deterioration. This week, the cryptocurrency industry surged past $1 trillion in market capitalization. Since May, major institutions have sold at least 236,237 BTC, according to Arcane Research analyst Vetle Lunde in a tweet on Thursday. For the first step,

July 24, 2022 1 min read

Ukraine’s New Fiat Currency Restrictions To Benefit Crypto Sector

A currency devaluation of 25% was announced on Thursday. Withdrawals from payment cards have now been capped to 12,500 hryvnia per week. National Bank of Ukraine’s (NBU) new policies is a reaction to the changing economic foundations of the nation amid a continuous war with Russia. A currency devaluation of

July 24, 2022 2 mins read
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