Thu, October 8

Kazakhstan Ministry of Energy Shuts Down 13 Illicit Crypto Mining Farms

Thousands of citizens took to the streets in early 2022 to protest rising power bills. Kazakhstan promised to tighten down on unregistered cryptocurrency miners. Thirteen unlawful digital asset mining farms were uncovered and shut down by Kazakhstan’s Ministry of Energy. All of them were using over 200 megawatts of power

February 24, 2022 1 min read

Mitsubishi UFJ Financial Group (MUFG) Discontinues Blockchain-based Project

The project was announced in February 2019, with MUFG teaming forces with Akamai. MUFG has also been working on a platform for managing security tokens. According to CoinMarketCap, the global crypto market cap is $1.75T, way below the $2T threshold, as the sector faces a severe downtrend. Mitsubishi UFJ Financial

February 23, 2022 1 min read

Bitcoin (BTC) Prices Consolidates Breaking $37.5K Resistance Level

The $38,250 level is currently a powerful barrier to the price. Bitcoin has been up 3.63% in the last 24 hours. A steep drop in the price of Bitcoin led to support at $36,350. Above $37,000, Bitcoin built a base and began a rebound wave. The price surpassed the $37,500

February 23, 2022 2 mins read

Tourism Surged by 30% Says El Salvador Minister After Bitcoin Adoption

Most of the site’s visitors were from the Central American isthmus before. El Salvador’s tourism has surpassed the projections, with 1.4 million visitors. As of September 2021, the introduction of Bitcoin (BTC) as a legal currency in El Salvador has significantly increased GDP and tourist growth. According to Salvadoran Tourism

February 22, 2022 1 min read

Huobi Co-founder Claims Next Bitcoin (BTC) Bull Run in Late 2024

Since 2021, BTC has successfully maintained the $29,000 price level. Each halving has consistently resulted in a surge in Bitcoin’s value. According to Huobi’s co-founder, Bitcoin’s next Bull Run may not occur until late 2024 or early 2025. When speaking with CNBC, Du Jun cautioned that BTC’s halving cycle is

February 22, 2022 2 mins read

Cardano (ADA) Bags Second Spot in Terms of Daily Transaction Volume

The 24-hour volume of Bitcoin had decreased by 84% from its 3-month high. A total of $31 billion was transacted in a single 24-hour period on February 19. On-chain activity has surged on the Cardano blockchain, which currently trails only Bitcoin in current 24-hour transaction volume, according to Messari data.

February 22, 2022 1 min read

Bitcoin (BTC) Prices Fumble Yet Again Amid Global Market Fall

Today, short-term investors in Bitcoin possess 54.5% of all coins. Bitcoin has lost nearly 8% of its value in the previous seven days. During the weekend, the market price of Bitcoin (BTC) plummeted below the $40,000 barrier. Even though bitcoin traded primarily sideways this weekend, the most valuable cryptocurrency by

February 21, 2022 2 mins read

Ethereum Co-founder Vitalik Buterin Optimistic Despite Crypto Winter

An extended stretch of unfavorable market conditions is a “crypto winter.” Buterin said he was still uncertain if markets had entered yet another winter stage. According to Vitalik Buterin, who was speaking at the annual Ethereum (ETH) developer’s conference in Denver, Colorado, many in the cryptocurrency industry would welcome another

February 21, 2022 1 min read

Major Coins Bearish Amid Multiple Factors Haunt Global Crypto Market

The price of Ethereum has continued to fall after failing to hold gains. OpenSea’s CEO said that the company was investigating a phishing assault. On Monday, the price of digital tokens continued to fall as Russia-Ukraine tensions rose and inflationary concerns persisted. Investors may have been put off by a

February 21, 2022 2 mins read

Data Breach of Credit Suisse Uncovers $100 Billion Worth Money Laundering

Several sanctioned persons had accounts with Credit Suisse. Bank secrecy restrictions make it easier to dodge laws. Credit Suisse handled accounts for sanctioned persons and heads of state allegedly suspected of money laundering worth more than $100 billion until recently, according to data that has been leaked from the bank.

February 21, 2022 1 min read