Today the world’s leading crypto hedge fund Galois Capital announced its closure after losing significant funds in the cryptocurrency exchange FTX collapse. Galois stated in a tweet, “Thank you all for the kind words. Yes, it is true that our flagship fund is shutting down”. I appreciate the outpouring of
The largest cryptocurrency “Bitcoin (BTC) overtook Visa” to rank as the eleventh-largest asset by market capitalization. The price of BTC has increased by over 48% since the start of 2023. At the time of writing, Bitcoin traded at $24,486 with a market capitalization of $472 billion, slightly more than the
The minister of technology and science of Zambia, Felix Mutati, has said that the central bank and the Securities and Exchange Commission of Zambia are “testing” technologies to regulate cryptocurrencies. Mutati said on the ministry website that Zambia has to govern this “revolutionary technology.” Because it represents the future the
The U.S. government’s clampdowns and the lack of regulatory clarity have frustrated blockchain and digital currency executives. Both Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell have urged lawmakers to establish uniform regulations for digital currencies. The CEO of Custodia, Caitlin Long, said in a blog post on February
Bitcoin mining company Cleanspark has spent $43.6 million on 20,000 Antminer S19j Pro+ machines. According to the corporation, it was able to save 25% using discount coupons, bringing the final price down to $32.3 million. According to the bitcoin miner, shipping of the mining rigs is scheduled to conclude by
There is an effort afoot to broaden the scope of Brazil’s recently enacted cryptocurrency regulations. Which were signed into law by departing President Jair Bolsonaro on December 21. Reports from regional media suggest that the Ministry of Finance is drafting a decree. To rectify some of the ambiguities that arose
Regulation authorities in Canada are preparing to impose tighter laws for exchanges in the nation, only days after the U.S. Securities and Exchange Commission (SEC) imposed limitations on crypto-related activity. The Canadian Securities Administrators (CSA) are said to be drafting new regulations. That cryptocurrency exchanges operating in Canada will have
The crypto market seems to recover since the start of 2023. Also, the global cryptocurrency market cap has surged over 8.5% to $1.17 trillion in the last 24 hours. And some significant cryptocurrencies have constantly appeared in the top trending list due to their popularity and strong network credibility. Let’s
Bitcoin (BTC), the genesis and leading asset in the cryptocurrency market has made its way to $24,000.The last record made on the $24k limit was on June 2022. And the whole crypto market takes it as an indication of the bull run. This price is also the new high in
Keanu Reeves, actor of “The Matrix,” has reportedly become a crypto lover. Praising cryptocurrencies as wonderful means for exchanges and distribution of resources. While promoting his new film “John Wick 4” with Wired, Keanu Reeves praised cryptocurrencies. Reeves stated: “I think the principle, the ideas behind an independent currency are
