Bitcoin is the first encrypted digital currency. It has the basic properties of currency: it can be traded and saved, and it can exist as a measure of value. It is called “the future of currency” by many people. The limited number of Bitcoins and their scarcity make many people
Nirmala Sitharaman, Finance Minister of India, said on September 9 that a worldwide framework to govern crypto assets will be established under the country’s G20 presidency, with support from the IMF and the FSB. Today she announced that the G20 would decide whether or not to regulate or outright prohibit
The world’s leading cryptocurrency, Bitcoin (BTC), is navigating turbulent waters as it grapples with a series of setbacks, causing concern among traders and investors alike. Enthusiasm surrounding the swift approval of SEC’s spot Bitcoin ETFs has dwindled, and the Bitcoin value hovers precariously below the $26,000 mark, raising questions about
In Q4 2023, Bitcoin, the largest market capitalization holder, faced a relentless bearish pressure that sent shockwaves throughout the market. As September rolled in, BTC found itself locked in a battle for stability, with prices oscillating between $26,409 and a low of $25,404, marking its lowest point in nearly five
Thursday saw the release of a report outlining policy suggestions and guidelines for crypto regulation. This was from the International Monetary Fund (IMF) and the Financial Stability Board (FSB). India, as G20 president, has requested that the IMF and FSP create policy and regulatory frameworks. This is for a unified
There are presently around 560,000 unconfirmed transactions on the Bitcoin network. Moreover, there have been considerable increases in transaction costs and delays in processing due to this congestion. The unusual network demand is related to the excitement around Ordinals and BRC-20 minting. According to the Mempool, miners are straining to
In a rollercoaster ride of hope and despair, Bitcoin, the largest market capitalization Cryptocurrency, sent ripples throughout the community when its price soared from $25,912 to $28,089, following Grayscale Bitcoin Trust’s (GBTC) triumph over the Securities and Exchange Commission (SEC) on August 29. However, this bullish momentum proved to be
El Salvador’s Ministry of Education collaborated with the non-profit group Mi Primer Bitcoin (MPB), to include Bitcoin teaching into the national curriculum by 2024. MPB’s founder, John Dennehy, has stated that the initiative is a Ministry of Education initiative. And that MPB is contributing to it together with Bitcoin Beach.
India has taken center stage as it currently presides over the G20, a pivotal forum comprising the world’s major economies. Amidst its diverse initiatives encompassing startups, cybersecurity, and disaster risk management, India’s call for a unified approach to address the complexities of cryptocurrencies has caught the attention of the global
● Cambridge Bitcoin Electricity Consumption Index (CBECI) estimated Bitcoin mining’s annual power demand to be 120.29 TWh. ● Cloud mining enables users to participate in crypto mining without the need for hardware. The cryptocurrency landscape is constantly evolving, with users adapting to changing trends and market patterns. As participants in
