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Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022
10.1.2022
BTC’s abrupt drop to $39,650 came after the Federal Reserve floated the prospect of a fourth rate hike in 2022
Spanish lawmaker sees opportunity amid Kazakhstan’s Bitcoin mining collapse
10.1.2022
As the Bitcoin mining industry matures, it will seek stable political environments and stable energy sources
Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate
9.1.2022
China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to...
Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey
9.1.2022
The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for...
Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils
7.1.2022
Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance...
Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4%
5.1.2022
No timeline exists as to when the internet will switch back on in the second-biggest Bitcoin mining country in the world
Top Bitcoin mining country Kazakhstan turns off internet amid protests
5.1.2022
The government of Kazakhstan shut down the internet after the Cabinet resigned amid major anti-government protests
Bitcoin’s Price Will Hit $100K by Mid-Year, Nexo Founder Predicts
5.1.2022
The co-founder and managing partner of Nexo, a major cryptocurrency lender, has predicted that the price of bitcoin will be $100K by mid-2022. He highlighted “two simple reasons” why he is bullish about the price of bitcoin this year. Bitcoin Expected to Reach $100K by Mid-Year Antoni...
Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan
4.1.2022
China’s crackdown on crypto mining has allowed Kazakhstan to quickly fill the void by offering cheap fuel and a welcoming business environment
Bitcoin network turns 13, celebrates with new hash rate all-time high
3.1.2022
The Bitcoin network underwent a six-month-long rally to attain a new all-time high hash rate of 207.53 million tera hashes per second (TH/s) on Saturday
Wharton’s Professor Warns About Inflation, Predicts Many Rate Hikes, Says Bitcoin Has Replaced Gold for Millennials
3.1.2022
A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. Finance Professor on Bitcoin and Inflation Wharton’s...
Ether drops below $3,800, but traders are unwilling to short at current levels
1.1.2022
Ethereum network saw a nine-fold increase in its smart contract deposits, but a descending channel continues to pressure the price
Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed
28.12.2021
With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether...
Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month
26.12.2021
Since November 9, 2021, or 46 days ago, transaction fees on the Ethereum network have been cut by more than half the rate they were on that day. At the time, the average fee to move ethereum was $62.84 per transfer and since then, the fees have dropped 62.85% to $23.34 per transaction. From...
Bitcoin hash rate nears record 200EH/s as 100K BTC turns 'illiquid' every month
23.12.2021
Hash rate has never looked better, and appetite for accumulating has only grown since China's May mining crackdown
Crypto regulation is coming, but Bitcoin traders are still buying the dip
21.12.2021
The premium on CME Bitcoin futures dropped to zero, but data shows pro traders are still bullish
Bank of England Releases Surprise Rate Hike
17.12.2021
The Bank of England recently surprised the market with its sudden bank rate hike. The central bank surged the rate by 0.15%, taking it to 0.25%. The bank previously issued the surge three and half years back, following a sustained period of an asset-buying program and low rates. The financial...
ADALend: Protocol Efficiency on Cardano in Handling Interest Rates
16.12.2021
Crypto traders turn to fixed-income instruments like bonds and stocks to diversify their portfolios. The cryptocurrency market is a legitimate source of debt securities that are no less reputable than their equivalents and is a substantial economic force to reckon. With interest rate derivative...
Global Markets, Bitcoin Defy Expectations After Fed’s Hawkish Taper Plan Announcement
16.12.2021
Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal Open Market Committee (FOMC) said it plans to taper quantitative easing (large monthly asset...
Bitcoin Mining Hash Rate to Double in 2022, Compute North CEO Predicts
16.12.2021
With all of the new capacity that is being promised by major bitcoin (BTC) miners, the bitcoin network’s hash rate – or the computing power that goes into mining new coins – is likely to grow twice the current number over the following year, suggested Dave Perrill, CEO of mining infrastructure...