The bank announced its ambitions to provide cryptocurrency services in February 2021. The bank will also make use of Chainalysis’s services to track the route of crypto assets. Currently, BNY Mellon is willing to provide its customers cryptocurrency custody services. Companies and organizations seek to acquire digital assets as the
The European Parliament voted in favor of the law by a margin of 28 to 1. It also requires stablecoin businesses to have sufficient capital. Europe has taken a significant step toward regulating the cryptocurrency market. European Union legislators approved the Markets in Crypto Assets Regulation (MiCA) today. A historic
Production levels have dropped as people sell their Bitcoin holdings to increase liquidity. Because of the asset’s stagnant price, miner profits are already precarious. The hashrate of Bitcoin mining hit a new record high last week, surpassing 300 EH/s. It was also announced at the time that mining difficulty was
Michael Saylor thinks Bitcoin is also superior than gold and real estate. MicroStrategy and its subsidiaries now have almost 130,000 BTC in their possession. Michael Saylor, the founder of MicroStrategy and Bitcoin maximalist, stated that CBDCs are unstable and doomed to fail. Bitcoin is superior, he says, because of its
One of the biggest online multiplayer battle tournaments has begun, and all players from 1xBit can take part in the action. Select your heroes carefully because they can bring victory or defeat. Master tacticians or brutal villains, which way will you go? It’s time for combat and finding the key
$400,000 have been raised since the beginning of the invasion in February. The entity bought things like survival gear and ordinary military gear. According to an analysis by blockchain intelligence company TRM Labs, pro-Russian organizations are using crowdfunding campaigns. In order to raise a substantial quantity of Bitcoin and other
According to Golden’s CEO and creator, existing data mining techniques are flawed. Golden presents a mechanism to penalize the entry of fraudulent data. With this Series B funding round, decentralized data hub firm Golden has announced a $40 million cash infusion. Many prominent venture capital firms, including Opensea Ventures and
President Nayib Bukele of El Salvador believes that if the bitcoin experiment his nation is doing is successful. Many other countries across the globe will follow in Latin America’s footsteps. This is what Bukele wrote in an opinion piece titled “Stop Drinking the Elite’s Kool-Aid.” Which was released on September
Bitcoin’s risk-adjusted gains were third best, after only Solana. Ethereum is called out as the worst performer among the four tracked cryptocurrencies. Even though bitcoin had a negative return of 3.11% in September compared to the previous month, it still managed to beat both the S&P 500 and Nasdaq which
Reportedly, Davis pulled $2.5 million out of Celsius before the firm filed for bankruptcy. Lark has endorsed Celsius before, sharing his appreciation for the brand. After being one of the marketers for the defunct cryptocurrency firm Celsius Network, crypto influencer Lark Davis managed to walk away with $2.5 million. Crypto
