On Thursday, Jack Dorsey’s payments firm Block announced the launch of an open beta test for its Bitkey self-custodial Bitcoin wallet. To securely transfer Bitcoin from Coinbase or CashApp to the wallet “without the friction of standard ‘copy and paste,’” the beta already contains unique interfaces with both services. Block,
After a rough couple of weeks, the cryptocurrency market is starting to trend upward again. After the interest rate decision by the U.S. Federal Reserve, the price of Bitcoin dropped below $25,000. The statements made by Fed Chair Jerome Powell prompted the sell-off, even though a halt to rate rises
Floating Point Group, a crypto brokerage firm, reported on June 12 that it has suspended trading, withdrawals, and deposits after a hack on June 11. The entire loss from the assault, according to FPG’s estimations, is between $15 and $20 million. Moreover, after identifying the security compromise, FPG reportedly locked
Coinbase, the leading crypto exchange, has consistently made headlines within the crypto community. The exchange faces a lawsuit by the U.S. Securities and Exchange Commission. The whole crypto market has been waiting for the end of the SEC’s case against the crypto exchange. Coinbase is thrilled to have partnered with
On Thursday, the European Central Bank (ECB) announced a 25 basis point increase to its benchmark interest rate, which is one of three main rates set by the ECB. In light of the decision made by the bank’s Governing Council, the interest rates on the bank’s primary refinancing operations, marginal
In spite of Hong Kong’s efforts to become Asia’s cryptocurrency capital, major financial institutions remain hesitant to join the trend. According to the most recent FT article, Hong Kong’s banking regulator has been putting pressure on major banks. These include Standard Chartered and HSBC for working with cryptocurrency exchanges. The
Crypto exchange Binance now offers Bitcoin mining subscription services. For those who want to mine Bitcoin but don’t have the gear, Binance’s cloud mining services are now available for the purchase of hashrates as of June 15. The “hashrate” is the computational capacity needed to verify Bitcoin transactions on the
Jack Dorsey, the co-founder of Twitter, is a staunch advocate for the advancement of the Bitcoin (BTC) protocol. And he has recently pledged funding to Brink, a Web 3.0 hub that provides support to the Bitcoin network’s developers. According to the blockchain firm, Jack Dorsey has pledged a total of
In a significant shift for the global crypto market, the total market capitalization has seen a decline of 3.83%, reaching $1.02 trillion. This marks the first time since mid-March 2023 that the crypto market cap has experienced a notable downturn. The downturn is likely to raise concerns among investors and
Gold has always been the traditional safe-haven asset. For generations, investors have resorted to it in times of economic instability. Bitcoin (BTC), however, a digital currency based on advanced mathematics and blockchain technology, is quickly establishing itself as an established rival. Currently, the spot price of #Bitcoin is equivalent to
