IMF’s Take on Bitcoin Tender Adopted in El Salvador International Monetary Fund (IMF) issued a comprehensive mission statement on 10th February 2023 on Bitcoin’s adoption as a ‘Legal Tender’ by El Salvador. In this connection, a delegation of IMF visited El Salvador for a week-long consultation on the subject of 2023 Article IV. The consultation…
In the past 24 hours, the price of Shiba Inu has taken a significant dip, falling by 7.5% to reach. Despite this recent setback, the cryptocurrency has shown resilience and remained positive. Over the course of the past week, it has experienced a slight increase of 1% and in the last 30 days, it has…
The community of the Shiba Inu meme coin, SHIB, is determined to reduce the coin supply. They work hard to destroy more SHIB coins daily to boost scarcity and value. However, some users have yet to move their tokens from exchanges to the burn address set by the team. Despite this setback, SHIB fans remain…
According to data from CoinGecko, Bitcoin was under pressure once more on Thursday morning, as the leading crypto sank to a low of four weeks at $22,408 briefly. But, it had climbed back up once more at the time of writing to a value of $22,715, still below the $23,000 mark. Price action This latest…
According to a report published on Monday, there is more optimism amongst investors where the digital asset market is concerned and they are now investing more cash into crypto funds than earlier. On Monday, CoinShares said that the previous week had seen an inflow of $76 million in crypto funds, which makes it the fourth…
Over the weekend, the price of Bitcoin dropped below the $23,000 mark, as investors were still digesting the US nonfarm payrolls data. This week, the focus is on the speeches that will be delivered by some policymakers of the Federal Reserve. Bitcoin’s drop Early Monday morning, there was a drop in the price of Bitcoin…
Survey of Institutional Investors of Bitcoin A survey on the future of Bitcoin has been compiled by Nickel Digital Asset Management with the cooperation of Pureprofile. The findings of the survey, which were published on 26th January 2023, revealed institutional investors’ expectations of Bitcoin. While Nickel was responsible for determining the findings of the survey,…
Leading operators conducted a survey, which revealed that the past year has seen Russian crypto mining facilities expand their capacity, even though sanctions have been imposed and the market is facing a downturn. The major factors that have contributed to this trend are the increased interest from domestic users and the decline in the prices…
Metaverse’s Step-wise Evolution People often disregard the ‘Metaverse’ on the pretext that it is far from reality i.e. a world that exists virtually only. However, with the passing of each day, the world is coming to know of the benefits which Metaverse is capable of providing. Initially, Metaverse primarily served as a place for online…
On Wednesday, US District Judge Lewis Kaplan ordered that Sam Bankman-Fried was no longer permitted to use encrypted communications with employees of FTX and Alameda Research. The restrictions came after prosecutors had claimed on Friday that the co-founder of FTX and Alameda had used Signal, an encrypted messaging platform, earlier this month to reach out…
Mining bitcoin has just gotten harder. At publishing time, the mining difficulty of bitcoin hit a new all-time high. On Sunday, the bitcoin mining difficulty had stood at around 37.59 million, but it recorded a rise of 4.68%, which saw it reach 39.35 trillion. Mining difficulty The computational power needed for mining a single BTC…
The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, recently said that it is not as difficult to identify a crypto scam as it may sound. Earlier this month, he spoke during a Twitter Space to the US Army with SEC Commissioner Caroline Crenshaw. They talked about the dangers associated with crypto…
In March, Ethereum’s much-anticipated network upgrade, known as Shanghai, is expected to occur. According to Bloomberg reports, speculators are increasingly betting on tokens associated with the upgrade. These tokens represent Ether holders’ stacked coins and can be used to withdraw them after the upgrade is complete. The Shanghai update will bring several improvements and features…
Jim Cramer Advises Investing In Gold Rather Than Crypto On 23rd January 2023, the globally popular host of ‘Mad Money’, Jim Cramer, was seen advising investors where to put their money. While addressing investors, Cramer suggested that they should immediately put their money into Gold. He strictly advised them also not to engage with cryptocurrencies…
On Wednesday, Senator Elizabeth Warren had some strong words to say regarding the crypto industry, as she called on the SEC to take more action in countering crypto fraud. The Massachusetts Senator delivered the prepared remarks to the American Economic Liberties project and said that a strong Securities and Exchange Commission (SEC) was the biggest…
As the year 2023 began and the crypto market started to show signs of a recovery, all eyes were on the major cryptocurrencies. The crypto communities wanted to know how well the major cryptocurrencies were going to perform in a bullish trend after a long winter. Aptos has come out of nowhere Just when most…
On Monday, the FBI announced that it had concluded that Lazarus Group, the North Korean organization, had been involved in the Harmony Protocol hack of $100 million last June. On January 13th, about $60 million worth of Ethereum that had been stolen in the hack six months earlier was laundered. The hackers This allowed the…
The year 2021 has been the best year for the entire cryptocurrency industry. No matter the segment or the sector, every aspect of the crypto industry was thriving and was making a lot of progress. Even the mining sector, especially Bitcoin mining had become extremely profitable for the mining centers. The 2021 bull run was…
Cornerstone Research, a consulting firm, recently released a report showing that a record number of enforcement actions related to crypto were brought by the US Securities and Exchange Commission (SEC) last year. The report discovered that during the course of 2022, a total of 30 enforcement actions had been brought by the SEC. Enforcement actions…
Central bankers are scheduled to begin testing the digital euro this year, which has prompted EU finance ministers to demand that it offer both transparency and privacy. The idea of a digital euro had first been introduced back in October 2020 and the European Central Bank (ECB) is spearheading its development. In 2021, the ECB…
