According to a statement released on February 7th, Bitfufu, one of Bitmain’s cryptocurrency enterprises, has delayed its ambitions to go public through a special-purpose acquisition company (SPAC) for a second time. With a pro forma enterprise value of almost $1.5 billion, the company was expected to go public in the
Coin Cloud digital money ATMs in the US and Brazil, has filed for Chapter 11 bankruptcy in the US Bankruptcy Court in the District of Nevada. On its website, Coin Cloud boasts of having more than 5,000 ATMs that support more than 40 different cryptocurrencies. When Coin Cloud had 4,826
On Wednesday, US Federal Reserve Bank of New York released a 31-page report titled “The Bitcoin – Macro Disconnect”, compiling the findings of the impact of macroeconomic news on Bitcoin and other asset classes. Significantly, the findings of the analysis pushed the United State’s central bank into a perplexed state.
Jim Cramer, a famed host of CNBC’s Mad Money, stated in his recent Twitter post, “I reiterate it is a bull market”, as he claimed in January that ‘the current bullish cloud lasts for the next few months’. Since the start of 2023, the cryptocurrency market signals a bullish trend.
In an all-stock transaction, Hut 8 Mining Corp. of Canada and US Bitcoin Corp. of the United States have declared their intention to merge. Thus, creating a crypto-mining behemoth in North America. Each company’s board of directors has given its stamp of approval to a corporate merger deal. The Board
New regulations for virtual asset service providers (VASPs) in Dubai have been announced by the Virtual Asset Regulatory Authority (VARA). It is the government body in charge of regulating cryptocurrencies there. Irina Heaver, a lawyer specializing in blockchain and cryptocurrencies located in the United Arab Emirates. She has informed that
The Financial Conduct Authority (FCA) has warned that businesses that promote cryptocurrencies outside of one of four approved channels might be subject to criminal penalties including up to two years of jail time. Any advertising under the new regulations must be produced by or with the consent of an individual
Riot, a Bitcoin mining firm, claimed today that its monthly output hit a record 740 BTC in January. Despite a decrease in its fleet of mining equipment and hash rate capability. This is a 12 percent rise from the 659 BTC produced in December 2022. And a 62 percent increase
For the first time in five weeks, Bitcoin’s weekly trend finished on a bearish note. It soared at $24,000 but then dropped to just under $23,000. However, as long as it continues its upward tendency, the price of Bitcoin (BTC) is still comfortably rising above the $20,000 level. This has
While the cryptocurrency community attempts many ways to recover the market, a single entity withdrew more than $120 million in Bitcoin (BTC) from a centralized exchange Gate.io on February 4, 2023. According to whale tracker Mr.Whale, this is the second-highest withdrawal in the Gate.io exchange’s history. And currently, the crypto
