The Bitcoin price rose just barely this Monday, though it remained range-bound despite optimism about possible interest rate cuts by major central banks this week along with weakness in the U.S. dollar. Bukele’s re-election draws little price attention amid little reference for Bitcoin. Bitcoin showed little price action even as El Salvador’s president, Nayib Bukele, […]

It has been barely two months since Ethereum implemented its most recent network update. Currently, the heads of the world’s largest smart contracts blockchain are discussing a timeline for the next update. Ethereum’s top developers have set a goal of unveiling the next update, called Petra, by the first quarter of 2025, The Block reported […]

Bitcoin prices were little changed on Monday on concerns over higher interest rates ahead of key US inflation data this week, while ether saw an extended rally on progress made on the creation of a spot exchange-traded fund.  Other cryptocurrency prices were also subdued, as traders continued to lean towards the dollar amid waning optimism […]

The move is part of a recent crackdown that involves the confiscation of nearly 2,000 cryptocurrency mining devices in the fight against corruption. The Venezuelan government has joined the list of countries that disapprove of cryptocurrency mining due to its high electricity costs. According to a local news outlet, Venezuela’s Ministry of People’s Power for Electrical Energy has reported […]

El Salvador currently holds 5,750 BTC, valued at approximately USD 354 million, accumulated over nearly three years. Since 2021, El Salvador has mined a total of 474 Bitcoin, valued at USD 29 million, using environmentally friendly volcanic geothermal energy. Bitcoin was mined using energy from the Tecapa volcano, employing about 300 mining processors. According to Reuters, […]

President Joe Biden said that entities owned by Chinese nationals ‘could take actions that threaten the national security of the United States. US President Joe Biden has signed an order barring a cryptocurrency mining company with ties to China from continuing to use land near a Wyoming nuclear missile defense base. Issued by the White […]

Not long after expressing his support for the cryptocurrency industry and accusing his opponent in the US presidential race, Joe Biden, of animosity towards the sector, President Donald Trump has signaled major tax cuts if elected. Trump also referenced President Biden’s latest proposal, which would introduce new and increased capital gains taxes potentially impacting crypto […]

Lawmakers in the US House of Representatives have voted to approve a reversal of an SEC rule on digital asset custody accounting, framed in the regulator’s Special Accounting Bulletin No. 121. The rule virtually prevents commercial banks from offering their customers services related to cryptocurrency and digital asset custody due to the strict regulatory requirements […]

Bitcoin, the oldest blockchain on the market, has achieved a record by surpassing one billion transactions. According to Clark Moody’s data dashboard, the Bitcoin (BTC) network has processed nearly 1,000,427,568 transactions in its 15 years of operation. This is an average rate of 6 transactions per second, based on data from the last 30 days, and […]

Tether reported a record quarterly profit of USD $4.52 billion for the first quarter of 2024, largely attributable to its investments in Bitcoin and gold. Tether, the stablecoin issuer, generated its highest revenue in history during the first quarter of 2024, while the cryptocurrency market experienced a significant upward trend. In a recently published financial […]