By Sunday morning it had rebounded to trade above $64,000. Other coins like ether also saw heavy selling, down by up 10% in some cases.
Amidst a decline in traditional democratic structures and financial systems, cryptocurrencies emerge as a revitalizing force, offering a new form of accountability and transparency that could potentially restore public institutions. Cryptocurrency Might Be the Last Hope for a Crumbling Democratic System It’s become clear that democracy is in trouble, especially after the scale of disasters […]
The Reserve Bank of Fiji, Fiji’s central bank, reminded Fijians that cryptocurrencies were not accepted as legal tender in the country. In a recent press release, the institution reinforced that purchasing cryptocurrency with funds held in Fiji was illegal and that penalties could be applied to citizens doing so without the bank’s approval. Reserve Bank […]
Norway has recently announced its intention of enacting a data center-focused law, which seeks to exert more control over the operations performed at these locations. One of the objectives behind this move would be to crack down on data centers hosting cryptocurrency mining operations, as it is an unwanted business in the country. Norway to […]
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast, payments with national digital assets will be launched without similar precautions. Bank of […]
Yves Bennaïm, founder and chair of 2B4CH, a Swiss pro-Bitcoin think tank, is launching a popular initiative to amend the country’s constitution to allow its central bank to purchase and hold bitcoin. The initiative is also supported by Bitcoin Suisse President Luzius Meisser, who believes the bank should add bitcoin to its reserves. A Reform […]
In celebration of the Bitcoin halving event, Unstoppable Domains partners with Bitcoin.com to offer personalized .bitcoin domain names, enhancing user experience with simplified cryptocurrency transactions within the Bitcoin.com Wallet app. Unstoppable Domains, a leading provider of blockchain-based domain names, together with Bitcoin.com, makers of the prominent Bitcoin.com Wallet App and Bitcoin.com News site, are thrilled […]
Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large transactions in accounts with no clear financial backgrounds. The suspects, who did not know each other, allegedly […]
Bitcoin halving is a significant event that occurs roughly every four years, marking a gradual slowdown in the Bitcoin production rate; this is done to maintain a maximum limit of 21 million Bitcoin tokens. Around 19 million Bitcoin tokens are circulating, with the limit expected to be exhausted by 2140.The halving event plays a vital role in the Bitcoin market, often leading to a rally before the event. This year, prices were boosted by the U.S. Securities and Exchange Commission's decision to...
Upon reaching block height 840,000, when the mining pool Viabtc collected 37.626 bitcoin in fees worth $2.39 million, the expense for onchain transfers climbed, surpassing $240 per transaction. Block 840,003 recorded 16.06 bitcoins in fee payments, and block 840,004 accumulated 24 bitcoins in fees valued at over $1.5 million. Bitcoin Transaction Fees Skyrocket Above $240 […]
Global asset management firm Alliance Bernstein has explained that bitcoin’s bullish trajectory should resume after the upcoming halving event. The firm’s analysts described: “We believe it is always new demand catalysts that lead to bitcoin price appreciation in every cycle.” Bernstein’s Analysts on Bitcoin’s Price Post-Halving Global asset management firm Alliance Bernstein’s analysts Gautam Chhugani […]
Rich Dad Poor Dad author Robert Kiyosaki has explained why he won’t invest in a spot bitcoin exchange-traded fund (ETF). “Just as I own gold and silver coins and mines and own apartment houses, I do not own gold or silver ETFs,” he stressed. The famous author stated this week that he believes the price […]