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Bitcoin’s Mining Difficulty Shrinks for the First Time in 4 Weeks

7.11.2022
Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion....

Crypto Adoption: Number of Bitcoin ATMs in Canada Jumps 28% in One Year

7.11.2022
The number of bitcoin (BTC) automated teller machines (ATMs) in Canada went up nearly 28% in a year and almost 190% in two years, according to data provided by Coin ATM Radar.  The number of Bitcoin ATMs currently installed in Canada is 2,549. On the first day of this month, the Coin ATM Radar...

The Dollar Milkshake Theory and How It Can Affect Your Crypto Profits

4.11.2022
The Dollar Milkshake is a theory focused on USD and its global influence, and as such, it touches upon cryptocurrencies such as bitcoin (BTC) as well. There are arguments, however, that should the US central bank pivot, crypto may go up – and there are arguments that BTC may not benefit from...

Crypto Lawyers Predict SEC Will Lose Lawsuit Against Ripple

31.10.2022
US-based blockchain company Ripple is likely to win the long war with the US Securities and Exchange Commission (SEC), say legal experts, arguing that the agency may have shot itself in the foot.... Read More: Crypto Lawyers Predict SEC Will Lose Lawsuit Against Ripple

Binance Confirms $500 Million Investment in Elon Musk Twitter Takeover

28.10.2022
Major crypto exchange Binance has put half a billion US dollars towards Tesla chief Elon Musk’s Twitter takeover.  Responding to reports about the exchange possibly still backing the much-discussed Twitter deal, Binance CEO Changpeng 'CZ' Zhao tweeted today (UTC time): "Our intern says we wired...

Two Americans Jailed for Stealing $330,000 in Crypto by ‘Sim-Swapping’

24.10.2022
Two men from Massachusetts, USA, were sentenced last week for what's been described as "an extensive scheme" to take over victims’ social media accounts and steal some $330,000 in cryptocurrency using SIM swapping and computer hacking, among other methods.... Read More: Two Americans Jailed...

US IRS Releases New Reporting Guidelines for Digital Assets

20.10.2022
The US Internal Revenue Service (IRS) has released updated guidelines for reporting digital assets, clarifying the taxation of non-fungible tokens (NFTs) and stablecoins as well. The IRS’ draft 2022 tax year guide has placed cryptocurrencies, stablecoins, and NFTs into the same category...

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