Bitcoin (BTC) has begun the year on a positive note, entering the green candle march and trading bullish from the start, overcoming previous bears. BTC is frequently regarded as an alternative investment, and its price can be quite volatile. Despite this, many people and institutions have invested in it as
Some governing bodies throughout the globe are planning to implement regulations on crypto advertising to protect the public from being misled. The head of Ireland’s central bank does not think highly of cryptocurrencies. On Wednesday, Bloomberg reported that Irish Central Bank governor Gabriel Makhlouf told legislators that the bank is
Russian presidential advisors on the Energy Committee of the State Council have proposed a ban on cryptocurrency mining in residential zones. Local media have stated that members of the group think the change would make the community safer from fires. The plan is to outlaw cryptocurrency mining nationwide, or at
The goal of a new measure proposed in the New York State Senate is to allow the use of certain cryptocurrencies as a legitimate means of payment for state entities. To do so would mean accepting cryptocurrency as payment for a variety of state-issued fines, taxes, and other levies. Bitcoin,
Tesla still holding onto Bitcoin despite a dramatic reduction in its value since the fourth quarter of 2021. At the start of the year, Tesla (TSLA), invested $1.5 billion to purchase over 43,200 bitcoins for around $30,000 per coin. This move was welcomed by cryptocurrency and bitcoin fans, who saw
A Bitcoin spot ETF has been denied approval by the SEC yet again. ARK Invest, led by Cathie Wood, and 21Shares, a provider of cryptocurrency exchange-traded funds (ETFs), tried again with their strategy to launch the Bitcoin ETF, but were unsuccessful. The original filing date was May 13 of last
In a class action lawsuit filed, investors in crypto miner Argo Blockchain claimed the company misled them during the IPO by making false representations and withholding key facts. On January 26, a lawsuit was filed against Argo and many of its top executives and board members. It asserts the company
Bitcoin education is booming worldwide as many investors and platforms enter the blockchain domain. Nowadays, several crypto-based organizations are coming forward to expand crypto education. Under this, Dennis Porter, co-founder, and CEO of the Bitcoin mining support group Satoshi Action Fund has conducted a presentation on the benefits of BTC
The direction of American consumer activity has been closely watched by economists. Who were waiting for today’s data to see what they reveal. The latest Gross Domestic Product (GDP) Report confirms that the U.S. economy grew at an annualized rate of 2.9% in the fourth quarter, above analysts’ estimates. The
Goldman Sachs‘ assessment of asset returns for the year so far indicates that Bitcoin has been their best-performing asset. This comes after a disastrous year for the cryptocurrency market in 2022, when the leading cryptocurrency surged above some of the banking sector’s greatest assets. The Goldman Sachs research highlighted the
