The largest Japanese crypto exchange, DMM Bitcoin, made an official statement on Wednesday that it will raise 50 billion Yen to buy Bitcoin. The Bitcoin purchase worth $321 million is to reprimand customer losses over the recent security breach according to Bloomberg reports. On June 3, DMM Bitcoin reported a
Despite a 54% decline in sales for the entire non-fungible token (NFT) market in May, digital collectibles on Bitcoin hit a new milestone. The overall sales volume of NFTs on the Bitcoin blockchain reached an all-time high of over $4 billion, according to NFT data tracker CryptoSlam, which was published
Unrealized losses in the US banking industry totaling $517 billion were disclosed by the Federal Deposit Insurance Corporation (FDIC). Concerns regarding the stability of the US economy and financial sector have been sparked by the FDIC’s announcement that 63 banks are at risk of insolvency. A larger-than-expected drop in manufacturing
A new relationship between Bitpanda, a prominent crypto platform, and Deutsche Bank has been unveiled. The two companies are teaming up to improve the bank’s payment options using Bitpanda’s cutting-edge cryptocurrency technology. Deutsche Bank’s dedication to offering consumers more diverse and innovative payment choices is being further solidified with this
Bitcoin (BTC) witnessed a notable momentum over the last month. The bull-bear confrontation made the price fluctuate within the $62,000-$70,000 range. Over the past 30 days, this largest cryptocurrency teased a short bullish rally to near its all-time high (ATH) facing several market obstacles. At the time of writing, BTC
To improve and expand the legal environment for tokens within its special economic zone, the Dubai Financial Services Authority (DFSA) has announced revisions to its crypto token regime. Companies with their headquarters in the Dubai International Financial Centre (DIFC), a special economic zone in the UAE, are subject to the
Michael Saylor, a billionaire Bitcoin advocate and founder of software company MicroStrategy, and the District of Columbia have negotiated an unprecedented $40 million settlement. Claims of tax fraud led to the settlement. In addition, this settlement is the biggest recovery for income tax fraud in the history of the district.
In order to further its proprietary “PARANOID” blockchain technology, the US Navy is looking for commercial sector partners to form a cooperative research and development agreement (CRADA). A blockchain-based system called PARANOID (Powerful Authentication Regime Applicable to Naval Operational Flight Program Integrated Development) provides software security throughout development and deployment
A recent Harris Poll study of American voters indicated that inflation and geopolitical worries have made more and more people resort to Bitcoin. The poll, which was sponsored by Bitcoin ETF issuer Grayscale, found that one-third of American voters will think about a candidate’s position on cryptocurrency before casting their
Bitcoin began June on a dull note, entering the bearish zone and dropping below $67.5K. However, over the past 24 hours, it has shown signs of a slow recovery. The lowest and highest prices today ranged between $67,315.53 and $68,743.08. Currently, Bitcoin is trading at $68,688.70, reflecting a 1.43% price
