HitBTC has released an announcement on a new native utility token named HIT to come forth for trading on the exchange. According to information gathered, the HIT token contains more than 800 trading pairs and spot instruments. HitBTC is very optimistic about the launch of this new native Token and has expected it to lay…
Another shocker has been given to a certain group of cryptocurrency users. The shocker is for the users of Polywhale Finance. It has been reported that Polywhale Finance has been abandoned abruptly by the developers of the project. Polywhale Finance is one of the most prominent and popular yield farms, currently leading the particular sector….
Partner to a $4Billion Chinese Investment Company and long time Bitcoin Holder has said that Bitcoin is a much better asset to stay with than Gold. According to a tweet from Chinese Bitcoin Outlet, it stated that Andrew Y. Yan, founder and managing partner of SAIF Partners has been keeping a wealthy inventory of Bitcoin…
Yesterday, on 19th June 2021, the Lightning Network (LN) observed an increase in capacity to over 1500 BTC. The Lightning Network (LN) has undergone massive expansion after it was adopted by the bitcoin community in the last year. The surge in capacity shows that the users are comfortable in using the Lightning Network (LN). They…
Globally acclaimed Economics Professor Steve Hanke, who is currently teaching the subject at Johns Hopkins University, has thoroughly examined Bitcoin’s Legal Tender proposal of El Salvador. He has criticized El Salvador as well as Bitcoin because he thinks that Bitcoin will ruin the country’s economy. He denied that crypto has some package for countries that…
Samia Suluhu Hassan, the head of the state for Tanzania, has advised the country’s central bank to look into the option of adopting crypto. The bank has been directed further to submit its proposal with regard to the crypto options directly with the President. It seems as if El Salvador has set up a trend…
The Securities and Exchange Commission of the United States issued a memo that allows for the public to comment on the rule change proposed around the BTC Exchange-traded fund from VanEck, an asset manager. Based on a filing from the SEC on Wednesday, the agency has not reached a concrete decision on whether they would…
The newest lows have been recorded in Lebanon’s official currency pound which has subsequently dropped about 1,500 against the American Dollar. Lebanon has been facing an economic crunch since the outbreak of the Covid-19 pandemic. Since then the country’s national currency has lost 90% value. The citizens are facing an acute shortage of essential supplies…
Cryptocurrency mining is reported to have a major carbon footprint as its emissions are on the same level as major power plants and factories. This became a fuelled topic of concern after Elon Musk refused to accept Tesla investments in the form of bitcoins because of the environmental concern. The Tesla CEO changed his stance…
Crypto adoption is at its peak in Scotland as well and is now also is actively accepted as a mode of payment by several medium and large enterprises. A famous Glasgow-based roofing company has told that a large number of its customers are willing to pay the dues in the form of digital currencies. The…
Nayib Bukele kept his promise and started to venture into Bitcoin mining and said that his country is volcano enriched and he will use these volcanoes to produce energy sources and then utilize that energy for Bitcoin mining. Engineers in El Salvador have already begun their work and have developed a well at a volcano…
ETH is currently the second largest cryptocurrency which has caught the attention of not just retail workers, but many organizations as well over the previous year. The main facilitator for this sudden upsurge in its reputation is the highly anticipated update to Ethereum v2.0. The ratio of ETH to BTC has approximately tripled over the…
Miami, Florida just witnessed one of the most expensive sales of a penthouse whose deal was locked at US$ 22 Million and the whole amount of sale was paid by the purchaser in cryptocurrencies. This expensive 5067 sq.ft. the penthouse was part of a 12-story building and offered an open terrace at an area of…
After returning home from the conference, some attendees from the 2021 Bitcoin conference in Miami over the last weekend have tested positive for the COVID-19 virus, which generated a negative media spread and speculation from the public that the event might spread the virus massively. The Bloomberg channel referred to the event as a “COVID…
While the cryptocurrency industry is filled with a tremendous number of announcements and headlines, some news is more prominent than the rest. Therefore, it is time to bring the top news to the front that is proving to be promising for the cryptocurrency industry. The first news is around MicroStrategy that has gone ahead with…
Xinjiang area in China had recently shut down Bitcoin mining industry and operations carried out in the region. Now a provincial authority in the Province of Qinghai, China, too has asked Bitcoin miners to immediately cease and desist from any mining activities immediately. Failing shall entail legal consequences along with the imposition of hefty fines….
Alexis Ohanian, the co-founder of Reddit, revealed last year that digital assets take a larger percentage of his whole investment portfolio. Seven Seven Six, his venture capital firm, has since then participated in a funding round worth $5 million for Lolli, a Bitcoin reward app, and invested in Quicknode, a blockchain infrastructure firm. The question…
A gamer at Bitcoin.com, who came out as the winner, earned the chance of winning not one but a total of 5 Bitcoin units. Sun of Fortune: Hold the Jackpot, is the newest online game that has been introduced at the platform of Bitcoin.com Games. In order for the promotion of the game, Bitcoin.com Games…
An announcement has been made from the platform of the US Department of Justice (DOJ) in which the agents of the FBI have revealed the seizing of Bitcoins worth US$ 2.3 Million. FBI informs that the funds actually belonged to Colonial Pipeline which had actually paid the same to hackers as ransomware payment. DAG Lisa…
There has been a violent increase in the number of attacks made on various cryptocurrency exchanges and protocols as of late, with the more infamous ones being centred around the likes of PancakeBunny, BurgerSwap, JulSwap and so on. While these ones had been based on flash loan exploits, ransomware-based attacks have increased in volume as…
