Bitmain, a cryptocurrency mining company located in Beijing, allegedly broke Chinese tax law and was fined heavily as a result. On April 11, the local news source Sina Finance reported that Bitmain Technologies had been hit with a tax penalty by the Beijing Municipal Office of the State Administration of
Bitcoin crossed the $30,000 mark, putting an end to its three-week-long consolidation. This largest cryptocurrency recorded its 10-month-high at $30,430, which is the new high peak after a cascade of crashes in 2022 — from Terra Luna collapse, Celsius, and FTX to the recent US bank runs. This breakout is
Since the beginning of the year, Bitcoin (BTC) has been rapidly increasing in value, attracting investors and traders in the cryptocurrency market. This follows a bumpy trend last year that caused the price of BTC to plummet to the $15K level. However, BTC bulls have recently managed to keep the
With a 70% increase this year, Bitcoin (BTC) has reached its highest price in nine months, substantially over $29,000. While the derivatives market has been revitalized by the recent upswing, total leverage use is still modest, indicating a minimal probability of “liquidations-induced” severe price movements. For almost three weeks, the
The greater a cryptocurrency’s market valuation, the more influential it is thought to be. This is why many people consider market capitalization to be the most crucial factor when deciding how to rank various cryptocurrencies. Since the beginning of the year, Bitcoin’s value has climbed by leaps and bounds, causing
Robert Kiyosaki, the author of Rich Dad Poor Dad, has expressed worry about the future of the United States, hyperinflation, and the possible collapse of the U.S. currency. Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in 1997. It has been on the list of best-sellers at
After the long silence, Coinbase co-founder and CEO Brain Armstrong brings an update about the Bitcoin Lightning Network to Coinbase. My tweets auto-delete after some number of months, so there is no search history. Lightning is great and something we’ll integrate. — Brian Armstrong (@brian_armstrong) April 8, 2023 On Twitter,
Industry heavyweights are in legal hot water as a result of the worldwide financial crisis sparked by the failure of the Crypto-friendly Silicon Valley Bank (SVB). Underwriters including Goldman Sachs Group Inc, Morgan Stanley & Co., and Bank of America Corp, as well as SVB’s auditor, KPMG LLP, have allegedly
After finding Bitcoin’s whitepaper in the macOS, there is controversial talk going on in the crypto world that Steve Jobs is actually the real Satoshi Nakamoto, the creator of Bitcoin. On April 5, technologist Andy Baio shared a blog after discovering the Bitcoin white paper while attempting to fix his
Authorities in Singapore are making a concerted effort to provide recommendations for banks on verifying cryptocurrency clients. Banks in the city-state have been collaborating with regulators over the last six months. In order to develop industry-wide guidelines for vetting cryptocurrency consumers. Singapore’s monetary authority, the Monetary Authority of Singapore (MAS),
