Thu, September 24

Jack Dorsey Owned Block Partners With Apple to Offer ‘Tap to Pay’

A contactless payment system does not need extra hardware. Block’s shares rose by 7% to a new 52-week high of $89. Apple’s iPhone will be able to use Square’s ‘tap to pay’ payment function. The new technology is still being developed and will only be tested with a small number

June 4, 2022 2 mins read

Cryptocurrency Tax in India for Certain Transactions Likely To Be Exempted

Gifts of crypto will be taxed in the same way as any other asset. Cryptocurrency transactions are taxed at 30 percent under the Finance Act, 2022. The Indian government’s Ministry of Finance will likely announce the crypto tax in June. Hospitals that employ Blockchain technology and also earned points on

June 3, 2022 1 min read

Bitcoin (BTC) Price Plummets to $29.3K Significant Support Level

Indicators such as the Bollinger band have tightened their range. Bitcoin ETPs currently handle a record amount of BTC. For more than three weeks, the Bitcoin (BTC) price oscillated between $33000 and $28500. Since then, the coin’s price has dropped 9.42% and is now hovering around the $28500 support level

June 3, 2022 2 mins read

El Salvador Consecutively Postponed the Launch Of Bitcoin Bonds

El Salvador already lost over $35 million in investments. The country blames current market conditions and the Ukraine conflict for the postponement. El Salvador’s Finance Minister Alejandro Zelaya said the Bitcoin (BTC) bond launch will be postponed due to difficult market conditions caused by the ongoing Russia-Ukraine conflict and overall

June 3, 2022 1 min read

New York State Passes Bill Regarding BTC Mines Ban

BTC mines working on PoW are under the microscopic view of the NY State Senate. Mines are requested to change from fossil energy usage to renewable energy. The New York State passed a bill to ban Bitcoin (BTC) mining plants that run on energy obtained from fossil fuels. BTC and

June 3, 2022 2 mins read

Dubai-based Property Developers Binghatti Adopts Crypto Payments

Dubai is progressing on its journey to transform into a global crypto hub. As of now, the firm will accept only Bitcoin and Ethereum. Binghatti, one of the leading real-estate developers in Dubai, announced in a press release through Khaleej Times on Thursday that it would accept cryptocurrencies as a

June 3, 2022 2 mins read

The Number of BTC Holders Reached a New ATH of 848,082

Despite the market dip, BTC holders are rising high.  The number of Bitcoin addresses has set a new ATH of 848,082. Bitcoin’s current market value is $30,102.50 with a bear trend.  Even though the crypto  market is bearish, the number of addresses holding at least one Bitcoin is spiking high

June 2, 2022 2 mins read

Deputy Prime Minister of Singapore Cautioned Retail Investors Against Cryptocurrency

The MAS has only authorized the use of digital payment tokens for 11 companies.  He cited the demise of the cryptocurrency Terra (LUNA). This week’s ATxSG event in Singapore saw Singapore’s Deputy Prime Minister Heng Swee Keat caution regular investors against investing in cryptocurrency. The Deputy PM said, “Retail investors,

June 2, 2022 1 min read

JPMorgan CEO Jamie Dimon Warns of an Impending Economic Hurricane

Dimon predicted that oil prices might rise from $150 to $175 a barrel. The CEO was emphatic in his warning that “wars go bad.” During a financial conference hosted by Alliancebernstein Holdings on Wednesday, Jamie Dimon, CEO of JPMorgan & Chase, warned of an impending economic hurricane. Dimon exclaimed, “It’s

June 2, 2022 1 min read

Whale BTC Shifts 800 Bitcoins From Binance To Gemini

Since the beginning of the crypto industry, Bitcoin has never left its position to any other cryptocurrencies. The impact that BTC has created in this crypto world is irreplaceable because of its structure and performance. Though the entire world knows that cryptocurrencies are volatile, Bitcoin made traders believe that investing

June 1, 2022 2 mins read