In a time when the cryptocurrency sector is facing regulatory hurdles elsewhere, notably in the United States, South Korea enacted its first independent virtual asset law on Friday. The purpose of the bill is to strengthen crypto regulation and shield investors against mishaps like Terra-LUNA, which was precipitated by Terra
In a major shift for the cryptocurrency industry, Bitcoin’s percentage supply on exchanges has dropped to 11.7%, the lowest level in the last five years. Around 1.84 million wallet addresses have reportedly acquired 910,000 Bitcoins, a significant sum in light of the rising demand for Bitcoin. BlackRock’s application of a
Lower crypto taxes and other measures impacting the crypto sector were approved by the National Council of the Slovak Republic, Slovakia’s parliament. An amendment that would lower individual income tax on gains from the sale of cryptocurrency held by the holder for a minimum of twelve months was approved by
Bitcoin Cash, the junior of the powerhouse Bitcoin, is currently experiencing a bullish trend. Today, its price has surged by 30%, reaching an all-time high for this year at $298. This significant increase in price can be continued with the constant upward movement of Bitcoin Cash in recent weeks, with
Cryptocurrencies, once the plaything of tech enthusiasts and a curiosity of the financial world, have matured into an undeniable force that cannot be ignored. These digital assets have transformed from an esoteric concept to a global financial trend. As a result, forging their paths across diverse geographical boundaries from East
In a significant development, Fidelity has formally requested approval for a spot Bitcoin ETF. Consequently, optimism is rebounding within the beleaguered crypto industry. As per a Coingraph tweet, the proposal, sent to the U.S. Securities and Exchange Commission (SEC), seeks to list and trade shares of the Wise Origin Bitcoin
In the first half of 2023, Bitcoin (BTC) stormed the financial markets, boasting an impressive 84% growth rate. Significantly, this rise has outclassed most traditional financial assets. Consequently, the digital currency is no longer simply an alternative but a strong contender for the most profitable investment of 2023. 📈 #Bitcoin
On Tuesday, June 27, MicroStrategy, the biggest corporate holder of Bitcoins, announced the acquisition of Bitcoins (BTC) for an astounding $347 million. MicroStrategy CEO Michael Saylor made the latest disclosure on Tuesday, stating that the company has acquired 12,333 Bitcoin. On Twitter, Saylor sent the following message: “MicroStrategy has acquired
One of the prominent Bitcoin mining businesses, Riot Platforms, has spent $162.9M on 33,280 “next-generation” Bitcoin miners for its Texas data center. The purchase of the mining rigs from supplier MicroBT is well ahead of Bitcoin’s next halving cycle, which is expected to occur around the middle of 2024. The
In what may be a watershed moment for the Bitcoin exchange-traded fund (ETF) industry, prominent firms are rushing to submit applications to the U.S. SEC in June 2023. On June 15, 2023, Blackrock, the biggest asset manager in the world, applied for the same, and it was quickly followed by
