BTC’s Year-End Price Projections for 2023 Vary Widely, Ranging From $25K to $40K, While Future Forecasts Extend Into Six-Digit Territory
Bitcoin’s market performance in the first half of 2023, surging by 80% against the U.S. dollar, has enthusiasts eagerly speculating about its year-end price. Techopedia and Changelly have released price prediction reports with varying…
Bitcoin’s 2024 Halving Presents New Challenges: A Deep Dive Into the Future of Mining Rewards
As we wrap up the initial six months of 2023, the Bitcoin network inches closer to a significant milestone — the impending block reward halving, which lies just under 300 days ahead. Projections indicate that this event is slated to take…
Gemini Files Lawsuit Against Digital Currency Group and Barry Silbert Alleging Fraud and Deception
After Gemini co-founder Cameron Winklevoss published an open letter to Digital Currency Group (DCG) CEO and founder Barry Silbert, threatening legal action if the firm failed to respond by July 7, Winklevoss announced on Friday that his company had…
Web3 Gaming Ecosystem Neon Link Announces July 13 for Public Token Sale
Pioneering Web3 gaming platform Neon Link has announced the launch date of its public token sale, which will commence on July 13, 2023, at 13:00 UTC. The emerging blockchain innovator has created an entire ecosystem to play and develop online games…
Biggest Movers: SOL Hits Fresh 4-Week High on Friday, ADA Snaps Losing Streak
Solana was one of Friday’s biggest gainers, as the cryptocurrency rose by over 11% during today’s session. The move came as markets reacted to June’s nonfarm payrolls report, which came in at 209,000, below expectations of…
Multichain Woes: Users Informed of an ‘Abnormal’ Transfer of Assets to Unknown Address
Users of the cross-chain protocol Multichain were on July 6 informed of an abnormal transfer of lockup assets on the Multichain MPC address to an unknown address. While the Multichain team has urged users to stop using the cross-chain protocol…
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000 Ahead of US Nonfarm Payrolls
Bitcoin dropped below the $30,000 level on Friday, ahead of the upcoming nonfarm payrolls (NFP) report in the United States. Today’s report comes as private sector jobs rose by 497,000 in the last report, double the expected number…
Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’
Bitwage, a cryptocurrency payroll company, has announced it will remove USDC-based payments for U.S. residents. In an email sent to U.S.-based customers, Bitwage explains removing the second-largest stablecoin by market cap from its platform is…
IMF Working Paper Urges Tax System Overhaul to Tackle Crypto’s Tax Collection Challenges
A research paper published by the International Monetary Fund (IMF) warns that tax collection is significantly more challenging with cryptocurrency assets, and current tax systems are not designed to handle them. The IMF’s working paper…
Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War
Russia’s President Vladimir Putin has warned of increased “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation by developed countries.” He added that Russia is “being subjected to a hybrid
Peter Schiff: The Fed Has Lost Inflation Fight — ‘Markets Just Haven’t Figured That out Yet’
Economist Peter Schiff has warned that the Federal Reserve has lost and inflation is about to get worse. “The markets just haven’t figured that out yet,” he cautioned, emphasizing that “We continue to get a lot of weak economic data.” ‘The
Blackrock Seeks to Democratize Crypto — CEO Says Bitcoin Can Hedge Against Inflation, Currency Devaluation
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, says bitcoin is an international asset and crypto can be used instead of gold to hedge against inflation, the onerous problems of any country, as well as currency…
Ark Invest Report Reveals 70% of Circulating Bitcoin Supply Remains Unmoved for a Year
In a newly published report by the American investment management firm Ark Invest, the leading cryptocurrency, bitcoin (BTC), has found support from “strong holders and improved institutional sentiment.” Ark detailed that during the…
BAYC-Centric Apecoin Hits All-Time Low, Suffers 92% Decline From Last Year’s Peak
In the midst of a considerable drop in the base price of non-fungible tokens (NFTs) from the Bored Ape Yacht Club, the related cryptocurrency, apecoin (APE), has likewise suffered due to the bearish trends in that specific market. While many crypto…
Mawson Infrastructure Group Deploys 2,600 Bitcoin Miners at Newly Secured Pennsylvania Site
Mawson Infrastructure Group, a publicly-listed bitcoin mining operation, announced on Thursday that it has acquired a new mining site in Bellefonte, Pennsylvania. The company detailed that it has swiftly deployed 2,600 bitcoin miners at the…
Biggest Movers: BCH Back Above $300.00, as SOL Hits 1-Month High
After falling by as much as 10% on Wednesday, bitcoin cash rebounded in today’s session, climbing back above $300.00 in the process. The move came during a volatile market session, which saw crypto’s global market cap remain largely…
Twitter Gains Money Transmitter Licenses in Three States, Takes Steps Towards Becoming an All-in-One ‘Everything App’
Twitter made an announcement on July 5, revealing that it has been granted money transmitter licenses by three states: Missouri, Michigan, and New Hampshire. These licenses are a part of Twitter’s endeavor to secure money transmitter licenses…
Bitcoin, Ethereum Technical Analysis: BTC Briefly Climbs to 1-Year High, Before Losing Momentum
Bitcoin rose to a fresh one-year high on Thursday, as markets reacted to the release of June’s FOMC minutes. The report on last month’s Federal Open Market Committee meeting showed that “almost all participants” are in…
Coinbase CLO Paul Grewal: SEC’s Interpretation of ‘Investment Contract’ Violates Law
Paul Grewal, CLO of Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of violating the law by assessing what constitutes an investment contract. Grewal’s reasoning…
FraXion Launches First Security Token Offering in the USA
PRESS RELEASE. Randolph & Main Capital Group (RMCG) has announced the launch of FraXion (FRXN). It is one of the first debt Security Tokens aimed at retail investors who wish to invest alongside institutional investors in the most sought-after…
Report: Namibian Parliament Passes Crypto Regulation Bill
The Namibian parliament recently passed a bill that aims to establish a regulatory regime for cryptocurrencies. According to the Namibian Finance Minister, safeguarding the interests of consumers and combating market abuse are some of the reasons…
Report: South Africa Regulator Says Unlicensed Crypto Exchanges in 2024 May Be Closed Down
According to the regulator of the South African financial services industry, cryptocurrency exchanges based in the country must secure operating licenses before the year ends. Crypto exchanges that fail to abide by the requirement will either be…
Iran’s President Says De-Dollarization Key to a Fair International System
Iran’s President Ebrahim Raisi has pushed for de-dollarization, stating that any attempt to “shape a fair international system” requires the removal of the U.S. dollar. “What forms the basis of the Western domination system has been the dominance
Bolivia’s President Calls on South American Countries to Ditch US Dollar, Bolster Alliances With China and BRICS
Bolivia’s President Luis Alberto Arce Catacora (Lucho Arce) has urged members and associated states of the Mercosur trade bloc to de-dollarize and establish stronger strategic alliances with international organizations, including the BRICS…
Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator
According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s…
Bitcoin Blockchain Clears Over 187,000 Unconfirmed Transactions Since Last Week
Throughout the past week, the Bitcoin blockchain has successfully confirmed over 187,000 unconfirmed transactions, as shown by recent statistics. This has not only reduced a significant portion of the congestion but also led to a decrease in…
Bitcoin Leaves Major Assets in the Dust: Surges 80% in the First Half of 2023, Soars to 12th Largest Global Asset
In the first half of 2023, eye-opening statistics reveal that bitcoin (BTC), the leading cryptocurrency, demonstrated remarkable performance by surpassing various significant assets such as the Nasdaq Index, Nikkei 225 Index, Dow Jones, S&P 500…
Biggest Movers: BCH Price Plunges Following Recent 15-Month High
Bitcoin cash was once again in the red on July 5, as traders continued to secure gains following a recent 15-month high. The token fell for a third straight session, whilst the overall global crypto market cap also slipped on Wednesday. Monero was…
Bitcoin Emerges as NFT Contender With $463 Million in Sales in 4 Months
In just four months, starting from February 7, 2023, non-fungible token (NFT) sales on the Bitcoin blockchain have soared to $463.68 million. This growth has propelled the network to secure the second-highest number of monthly NFT sales…
Bitcoin dropped below $31,000 on Wednesday, as markets consolidated ahead of the upcoming U.S. Federal Open Market Committee (FOMC) minutes. The minutes of last month’s meeting are expected to show the Fed’s potential path to further…
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