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US Inflation Slows Down in July, Bitcoin and Ethereum Jump
10.8.2022
July’s US consumer price index (CPI) has seen a rise of 8.5%, or smaller than expected, suggesting an inflation peak and potential cool-off, after hitting 9.1% in June. (This is a developing story and will be updated as new details emerge.)
Bloomberg-surveyed economists estimated that inflation...
Another Rough Quarter Awaits in Q3, Coinbase Warns After Bruising Financial Results
10.8.2022
The crypto exchange giant Coinbase is putting a positive spin on another quarter of sub-par results – and its CEO Brian Armstrong has stated that “across price cycles,” the exchange is still trending upward. But the firm appears braced for another rocky ride in the coming third quarter of FY2022....
Crypto Turmoil Latest: Nuri Files for Insolvency while CoinFlex Files for Restructuring
10.8.2022
The crypto winter continues to claim victims, with German crypto exchange Nuri and Africa-based CoinFlex being the latest to make moves.
Nuri GmbH, one of Germany’s largest crypto exchanges, has filed for insolvency with a Berlin court, the company said in an announcement on Tuesday....
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Bitcoin and Ethereum Gain Bearish Momentum, Altcoins Slide
10.8.2022
Bitcoin price started another decline below the USD 23,500 support zone and moved below the USD 23,000 level. It is currently (04:03 UTC) trading near USD 22,900 and is down over 4% in a day and almost 1% in a week.
Similarly, most major altcoins are gaining bearish momentum. ETH is down 6%...
Galaxy Digital’s Novogratz Doubts Bitcoin Will Pass USD 30,000 Barrier Soon
9.8.2022
Mike Novogratz, CEO of digital asset-focused financial services firm Galaxy Digital, is doubtful that bitcoin (BTC) will push through the USD 30,000 barrier anytime soon. The investor said he expects the world’s leading coin to move within its latest price range, given that lately, there have...
Bitcoin and Ethereum Consolidate, ZEC and CEL Rally
9.8.2022
Bitcoin price was able to briefly move above the USD 24,000 resistance level before trimming its gains. BTC is currently (04:01 UTC) trading near USD 23,800 and still up over 2% in a day and a week.
Similarly, most major altcoins are trading in a range and eyeing more gains. ETH could gain pace...
Bitcoin, Surf & My Crackdown on Gangs Bringing More Tourists than Ever to El Salvador, Says Bukele
9.8.2022
International tourism is on the increase in El Salvador. And the country’s leader, President Nayib Bukele, says that his policies – including bitcoin (BTC) adoption – are the chief reasons why more holiday-goers are choosing to visit the Central American nation....
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Bollywood-like Drama Erupts as CZ Moves to Distance Binance from India’s WazirX Exchange
8.8.2022
A bitter dispute about the ownership of WazirX, an Indian crypto exchange that is being probed by the nation’s law enforcers over suspected money laundering allegations, has descended into a Twitter-based face-off between the Binance CEO Changpeng “CZ” Zhao and the WazirX Founder Nischal Shetty....
Big Week for Voyager Digital Clients as Cash Withdrawals About to Begin
8.8.2022
Troubled crypto lender Voyager Digital said it plans to "restore access" to cash deposits in USD this week. Here's what the process might look like.
In a Friday blog post, Voyager said clients with cash in their accounts would be able to withdraw up to USD 100,000 in a 24-hour period starting...
Bitcoin and Ethereum Inch Higher, BNB and SOL Outperform, FLOW Rallies
8.8.2022
Bitcoin price is facing a strong resistance near the USD 23,500 level. It is currently (03:51 UTC) trading near USD 23,300 and is up over 1% in a day and is unchanged in a week.
Similarly, most major altcoins are attempting a fresh increase. ETH moved above USD 1,700 and might accelerate if...
Japanese Crypto Industry Urges Tokyo to Reform Tax Laws
6.8.2022
Japanese cryptoasset-related firms have urged the government to make tax reforms – claiming that the current system is out of sync with tax rules in other countries.
The proposals come from the Japan Cryptoasset Business Association (JCBA) and the Japan Virtual Currency Exchange Association...
WazirX in Hot Waters, Revolut Doubles Down on Crypto, Elizabeth Warren Picks Another Crypto Battle + More news
5.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: WazirX in Hot Waters, Revolut Doubles Down on Crypto, Elizabeth Warren Picks Another Crypto Battle + More news
Global Professionals Increasingly Interested In Bitcoin & Crypto Payments - Report
5.8.2022
The ongoing market downturn has not discouraged professionals from taking payment in cryptoassets, as indicated by the latest report released by global payroll specialist Deel.
In the first half of 2022, crypto payments represented 5% of wages collected by cross-border professionals, up from...
Bitcoin Creator Craig Wright Emerges Victorious in Defamation Suit Against Crypto Blogger Peter McCormack
5.8.2022
It has just been over half a year since Bitcoin creator Craig Wright, more famously known for his pseudonym Satoshi Nakamoto as the author of the Bitcoin whitepaper, won the Kleiman v Wright trial. Dubbed as “the trial of the century,” the brother of Wright’s late friend David Kleiman attempted...
Voyager Digital Can Repay Customers with USD 270M MCB Holdings, Judge Rules
5.8.2022
The troubled crypto platform Voyager Digital has been given the green light to return USD 270m worth of funds to its customers.
The move was approved by the Bankruptcy Court in New York where the company’s case is being heard, the Wall Street Journal reported....
Read More: Voyager Digital...
Bitcoin and Ethereum Hold Ground, FLOW Rallies
5.8.2022
Bitcoin price spiked lower but remained above the USD 22,500 support before recovering above the USD 23,000 level again. It is currently (04:00 UTC) trading near USD 23,180 and is almost unchanged in a day and down 3% in a week.
Similarly, most major altcoins are attempting a fresh increase....
Bitcoin Debuts in BlackRock & Coinbase Partnership, Meta Rolls Out NFTs to More Countries, Risky Crypto Bridges + More News
4.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Bitcoin Debuts in BlackRock & Coinbase Partnership, Meta Rolls Out NFTs to More Countries, Risky Crypto Bridges + More News
Bitcoin Debuts in BlackRock & Coinbase Partnership, Meta Rolls Out NFTs to More Countries, Risky Crypto Bridges + More News
4.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: Bitcoin Debuts in BlackRock & Coinbase Partnership, Meta Rolls Out NFTs to More Countries, Risky Crypto Bridges + More News
Bitcoin Mining Difficulty Cuts the Drop Streak
4.8.2022
After a nearly two-month-long drop streak, Bitcoin (BTC) mining just got a bit more difficult.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up 1.74% today, going from 27.69 T to 28.17 T.
The rise follows three consecutive drops, a streak that...
Bitcoin Heads Towards Doom; Are BTC Sellers Winning the Battle?
4.8.2022
Bitcoin showcased tremendous buying strength and potential during its recent push back from July 27. This action was short-lived as each attempt to breach key resistance levels based on previous pivot points and sellers are destroying the moving average. As its market capitalization nears USD...