Bitcoin technology firm Lightning Labs, a key contributor to Bitcoin’s lightning-fast and scalable Lightning Network, has updated the user-friendliness of its node management tool, Litd. It may be difficult for users who aren’t tech-savvy or who don’t want to spend hours studying each aspect of the protocol to transmit a
With the cryptocurrency sector coming under the scrutiny of tax authorities throughout the world, the fintech company Revolut has added an automatic tax reporting tool for its customers. The fintech firm has collaborated with Koinly, a cryptocurrency tax solution, to give its customers the ability to produce cryptocurrency tax reports
With the latest protocol tweak, mining has become more difficult, and the Bitcoin (BTC) network is exhibiting encouraging indications of strength. Glassnode, a cryptocurrency on-chain monitoring tool, reports that the most recent difficulty adjustment has set a new All-Time High (ATH) of 209 zettahashes (10^21) for the projected number of
A month ago, Huang Tien-mu, chairman of Taiwan’s Financial Supervisory Commission, made it official that the commission would be responsible for crypto regulation in the region. There are two financial watchdogs in Taiwan. The Central Bank of the Republic of China and the FSC. Foreign exchange laws and monetary policy
Greenidge, a Bitcoin miner based out of New York, has stated that it is emerging from recent difficulties and expanding operations via a collaboration with Core Scientific. The company announced the agreement with Core Scientific on Thursday. With 6,914 mining machines belonging to Greenidge being hosted by the company. The
Kevin O’Leary, the Canadian businessman known as Mr. Wonderful, stated that no new money is coming into Bitcoin and crypto from institutions until there’s regulation. In an interview with YouTuber Kevin, O’Leary stated that Bitcoin is locked in purgatory and has been trading between $17,000 and $30,000 for a long
Hong Kong seems to be realizing its goal of becoming a center for the cryptocurrency industry. Guidelines for regulating cryptocurrency exchanges are expected to be released by the Securities Futures Commission (SFC) of the jurisdiction in May 2023. The finance regulator initiated a similar platform for public input last year.
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For the first time in a week, Bitcoin (BTC) briefly climbed back above $30,025 before falling back. The largest cryptocurrency market cap fluctuated during New York trading hours between gains of up to 10% and losses of about 1% before settling at about $29,282. Also, this brings to the attention
On Wednesday, the Bitcoin price dropped at the same time as an Arkham Intelligence bug fix-related occurrence. A well-known Twitter account for cryptocurrency news, DB, shared an extract from an Arkham Intelligence alert stating that Mt. Gox and US government wallets were doing transactions. [DB] Mt Gox and US Govt
