Thu, September 3

Ark Invest’s Cathie Wood Criticizes Fed Over Interest Rate Hike

One of his key goals of Fed is to reduce inflation to below two percent.  She points out that the Fed has approved four straight rate rises of 75 basis points. Ark Invest CEO and Chief Investment Officer Cathie Wood blame the Federal Reserve for deflation. To reduce inflation, the

October 11, 2022 2 mins read

European Parliament Clears Crypto Assets Regulation Bill

The European Parliament voted in favor of the law by a margin of 28 to 1. It also requires stablecoin businesses to have sufficient capital. Europe has taken a significant step toward regulating the cryptocurrency market. European Union legislators approved the Markets in Crypto Assets Regulation (MiCA) today. A historic

October 11, 2022 2 mins read

Bitcoin Mining Difficulty Reaches a Record All-time High

Production levels have dropped as people sell their Bitcoin holdings to increase liquidity. Because of the asset’s stagnant price, miner profits are already precarious. The hashrate of Bitcoin mining hit a new record high last week, surpassing 300 EH/s. It was also announced at the time that mining difficulty was

October 10, 2022 2 mins read

MicroStrategy’s Michael Saylor Claims Bitcoin Superior to CBDC

Michael Saylor thinks Bitcoin is also superior than gold and real estate. MicroStrategy and its subsidiaries now have almost 130,000 BTC in their possession. Michael Saylor, the founder of MicroStrategy and Bitcoin maximalist, stated that CBDCs are unstable and doomed to fail. Bitcoin is superior, he says, because of its

October 10, 2022 2 mins read

$22M Worth BTC Seized by U.S DOJ From Ransomware Attacker

The inquiry led to the US Department of Justice seizing 719 Bitcoins. The convict was sentenced to 20 years of prison. For his involvement in the NetWalker ransomware assaults, the US Department of Justice (DOJ) seized 719 bitcoins. This was from 35-year-old Canadian Sebastien Vachon-Desjardins. Almost $22 million worth of

October 10, 2022 1 min read

Brazil Police Uncover $766M Crypto Ponzi Scheme Fraud

Brazilian law enforcement officers searched the home of da Silva and his accomplices. Celebrities like model Sasha Meneghel lost almost $230,000. The activities of a criminal organization headed by businessman Francisco Valdevino da Silva, aka “Bitcoin Sheikh,” were apparently put to a stop by the Brazilian Federal Police. To the

October 10, 2022 2 mins read

Russian Paramilitary Groups Turn to Crypto Avoiding Sanctions

$400,000 have been raised since the beginning of the invasion in February. The entity bought things like survival gear and ordinary military gear. According to an analysis by blockchain intelligence company TRM Labs, pro-Russian organizations are using crowdfunding campaigns. In order to raise a substantial quantity of Bitcoin and other

October 9, 2022 2 mins read

Web3 Protocol Golden Raises $40M Led by A16z Venture Capital

According to Golden’s CEO and creator, existing data mining techniques are flawed. Golden presents a mechanism to penalize the entry of fraudulent data. With this Series B funding round, decentralized data hub firm Golden has announced a $40 million cash infusion. Many prominent venture capital firms, including Opensea Ventures and

October 9, 2022 2 mins read

Firms Declaring Crypto Holdings in Brazil Steeply Rises

More than 1,300,000 people have said they own some kind of cryptocurrency. BRZ, the first Brazilian real-pegged stablecoin, had considerable price fluctuations. With a large number of cryptocurrency adopters, Brazil is widely exploring the crypto industry. In Brazil, where 7.8% of the population, or roughly 16 million individuals, now possess cryptocurrencies,

October 9, 2022 2 mins read

Top 5 Cryptocurrency by Twitter Followers

The top cryptocurrency by Twitter followers is, ETC, NEAR, QNT, TUSD, and HBAR. Near Protocol has more than 6K Twitter followers. In April mid, the cryptocurrency started to fall into the bear market, as a result of this the overall cryptocurrency market experienced a massive drop. However, after more than

October 9, 2022 2 mins read