In the past months, the mining sector has faced harsh sanctions in various countries. Recently, the Iranian government introduced a seasonal ban on crypto mining. Also, the nation’s electricity distribution company has ordered crypto miners to suspend activities. However, the local community has reacted negatively to the announcement. Many are asking why the company ordered…
In the past months, there have been a series of attacks by hackers on cross-chain bridges. These attacks have caused serious damage to the cryptocurrency community. Meanwhile, the latest attack was on the popular cross-chain bridge, Horizon Bridge, owned by Harmony. Given the recent economic downturn, this is a huge blow to the DeFi platform….
Currently, regulators worldwide are still looking for the best way to regulate the $900-billion industry. Meanwhile, on the 22nd of June, Euronews stated that: “While some state have partially regulated the sector, others have left the sector without regulations.” Swiss Watchdog, FINMA, Calls For Complete Regulation Of Crypto Market Various officials warned that not regulating…
Recent announcements indicate Citi will partner with METACO on a new custodian project. Citi announced on June 22nd that it ant to test run its crypto custodian capabilities. With this partnership, both firms will combine their technological platforms. METACO will provide its digital and technology solutions. Then Citi would use its wide custody network. The…
On June 16th, the US Federal Reserve raised the interest rate by about 0.75%. This is the single largest increment in the last 30 years. Meanwhile, the Reserve Bank noted that more increments would come later in the year. The hike was aimed at counteracting the increasing inflation in the country. Meanwhile, following the announcement…
Various regulators are showing concern as the crypto market continues its downward slide. They believe it is high time that a move is taken to regulate the sector. Moreover, agencies like the Securities Exchange Commission (SEC) call for more regulations. The SEC boss, Gary Gensler, earlier stated that crypto regulation is not enough. While commenting…
In recent months, instability has plagued the crypto sector. Digital currencies continue to rise and fall, causing panic across the crypto community. Last week, it appeared the crypto market had regained stability. Several analysts believed the crypto market was gearing up for a bullish movement. Unfortunately, that is far from the truth. Today, June 13th,…
Globally, the usage of digital currencies has increased over the years. In addition, various financial institutions have made it easy for users to buy and sell cryptos. One of the available options for users is the use of crypto ATMs. Bitcoin of America Continues To Install More Crypto ATMs Meanwhile, Bitcoin of America, a BTC…
The EU’s latest decision to restrict the usage of non hosted wallets appears to be taking effect. A state in Europe has taken the first step to outlaw non hosted crypto wallets. Lithuania Moves To Ban Anonymous Crypto Wallets The government of Lithuania has taken steps to tighten its crypto regulations. The government made a…
Since the crash of Bitcoin in December, several crypto holders have sold their BTC. As a result of these sell-offs, the prices of digital assets have dropped tremendously. Meanwhile, sell-offs can be assessed based on a particular region and its trading hours. Recently, macro pressure in the U.S. market has been responsible for the crypto…
Since the advent of BTC mining, miners have stored most of the Bitcoin they mined. Then, the cash flow was enough to handle expenses since Bitcoin’s price was high. As miners mined Bitcoin, they saved a large portion and used the rest to finance their operations. Unfortunately, the recent market crash is forcing miners to…
KenGen, an energy company in Kenya, has good news for BTC miners. The company has excess renewable energy, which it is willing to sell. Additionally, the firm stated that over 86% of its power is renewable. The report states it is mainly from a geothermal source. Also, the company has rentable land at its power…
At the start of June, the crypto market was bullish. Unfortunately, as of the 2nd of June, prices have dropped. Solana is not left out. Last week, the altcoin was down due to an outage in the blockchain. Consequently, this affected its trading price. The currency received much attention on the 27th of May after…
Europe’s top regulator warns that increasing inflation might push investors to the inspector. Meanwhile, the agency stresses that an imbalance exists in crypto regulation in Europe. Therefore, the regulator believes EU countries need a common crypto regulatory framework. ESMA Says Inflation Might Push Investors To Cryptocurrency The European Securities and Markets Authority (ESMA) has shifted…
Francisco GavidiaUniversity recently conducted a survey in El Salvador, where it is based. The private institute’s Center for Citizen Studies discovered that almost half of the people of Salvador who participated in the survey still prefer to use the dollar, as opposed to Bitcoin, which has also been made legal tender in the country. NayibBukele,…
There was a time when Bitcoin had nothing to do with the stock exchange markets. However, in 2021, many companies launched exchange-traded funds (ETFs) for several cryptocurrencies. Among all the ETFs, it was Bitcoin that had the highest number of ETFs launched. This meant that Bitcoin had gained mainstream adoption and was being traded through…
In recent months, Bitcoin (BTC) has come under a lot of fire and pressure in a number of cases. However, the most notable ones are the ones related to regulatory compliance, global inflation hikes, and an increased rate of interest in the US. To make things worse, Bitcoin also managed to get itself on the…
Many countries are widely accepting cryptocurrencies in different means. After European countries, the Middle East Region has welcomed digital currencies by granting leading exchanges licenses and accepting crypto payments in various shops. Recently, the Central African Republic has taken the first step toward accepting cryptocurrency. And the act is quite bold as it has announced…
The Australian Financial Analysis represents that financial regulators had already approved Australia’s 1st Bitcoin ETF to start trading on April 27 and that it could perceive approximately $1 billion in capital flows. An ETF is indeed a governed marketplace financing that helps investors to profit from bitcoin prices without directly owning any coins. Cosmos Investment Management was…
Finally, after a great competition between the Bitcoin bulls and the bears, it is the bulls that have prevailed. They successfully managed to push Bitcoin over the $40,000 per BTC mark. The bulls didn’t make a stop or exhaust their resources at $40,000. Instead, they pushed through the $40k per BTC and even crossed the…
