Wed, September 2

Bitcoin Network Witnesses Abnormal Block Generation Delay

An abnormality on the Bitcoin network has been noticed by PeckShield Alert. It took more than an hour to mine a block of Bitcoin (BTC), leaving many transactions in pending condition. PeckShield shared an image showing that the most recent two blocks were mined 95 minutes apart by F2pool and

July 21, 2023 2 mins read

UK’s HM Treasury Rejects Labeling Crypto Trading as Gambling

The United Kingdom’s HM Treasury “firmly disagrees” with a suggestion by the House of Commons Treasury Committee to label cryptocurrency trading as gambling. In May of 2023, a cross-party Committee of MPs recommended the new legislation. In its formal report, the Committee noted that crypto assets had “no intrinsic value”

July 20, 2023 2 mins read

Kuwait Enforces Nationwide Ban on Crypto Activities

Kuwait is the most recent country to outlaw any and all cryptocurrency-related activity. Kuwait’s primary financial watchdog, the Capital Markets Authority (CMA), published a circular on the oversight and issuance of virtual assets on July 18. In the circular, the CMA stated its commitment to an “absolute prohibition” of all

July 20, 2023 1 min read

Nasdaq Drops Crypto Custody Plans Amid Regulatory Uncertainty

On Wednesday’s earnings call, CEO and President Adena Friedman said that Nasdaq (NDAQ) will not be launching its planned cryptocurrency custody service in the second quarter of this year. The American stock exchange giant said in September 2022 that it was assembling the necessary infrastructure and regulatory permission to launch

July 19, 2023 2 mins read

Société Générale’s ‘FORGE’ Receives France’s First Crypto License

Société Générale, one of the major commercial banks in France, has become the first French company to get a crypto license for its crypto division, FORGE. The most recent development is that SG FORGE received its AMF authorization on Tuesday, July 18. As a result, the crypto department may now

July 19, 2023 2 mins read

Bitcoin Whale’s $134M BTC Deposit on Binance Sparks Speculation

The price of Bitcoin (BTC) is consolidating around the $29,000 range while several altcoins remain bullish. In the midst of this, a Bitcoin whale made a speculative move during the day, depositing 4,451 BTC, worth over $133.7 million, to Binance. A whale deposited 4,451 $BTC ($133.7M) to #Binance an hour

July 19, 2023 2 mins read

FSB Proposes Stringent Crypto Regulation Standards to G20 Nations

Finance Minister Nirmala Sitharaman of India, which is now holding the G20 chair, said on Tuesday that the G20 embraced the recommendations of the Financial Stability Board (FSB) on crypto asset activity and global stablecoin arrangements. After several claims of criminal behavior surfaced during crypto’s recent rocky year. The international

July 18, 2023 1 min read

Cardano Adds Smart Contract to Bitcoin UTXO Model

The cryptocurrency Cardano (ADA) has revealed that it extends the unspent transaction output accounting system by adding smart contracts to the Bitcoin UTXO model. The Cardano blockchain helps enhance the Bitcoin blockchain’s accounting model. #Cardano’s extended unspent transaction output accounting system adds smart contracts to Bitcoin’s UTXO model. Learn about the

July 18, 2023 2 mins read

Binance Enables Lightning Network for Bitcoin Transactions, Bullish?

Binance announced that it had completed the integration of the Bitcoin Lightning Network (LN). The crypto exchange has enabled this layer-2 scaling solution for Bitcoin (BTC) withdrawals and deposits. #Binance has completed the integration of Bitcoin ( #BTC ) on the Lightning Network and deposits and withdrawals are now open.

July 17, 2023 1 min read