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…
Ever since the beginning of 2021, mainstream institutions have started rejecting Bitcoin (BTC) mined through high carbon-emitting energy sources. This is because the carbon-emitting energy sources are the reason the world is facing global warming. Therefore, the mainstream institutions are not willing to purchase and acquire Bitcoin (BTC) until or unless it has been mined…
Ever since the beginning of the year 2021, the US regulatory authorities have become very active against the cryptocurrency industry. They have started stressing about introducing stricter and more regulated guidelines around the utility of cryptocurrencies. In the light of the recent hacks that took down several federal and semi-federal facilities, even the US politicians…
According to the latest reports, Panama is also set to become a Bitcoin Pro country in the coming days. Since the beginning of 2021, Central American cities have shown great interest in the adoption of Bitcoin (BTC). Prior to Panama, it was El Salvador from the same Central American region that had announced its interest…
Due to increasing Miami’s concern for the crypto industry, Miami is getting a positive response as well. Now, Blockchain.com that is a distinguished and well-known global cryptocurrency explorer blockchain, has decided to shift its headquarters from New York to Miami. The Mayor of Miami wishes the state to last forever in terms of good reputation,…
Victims of notorious Mt Gox’s crypto fraud are to vote in favor of the rehabilitation process through which claimants will be reimbursed according to their proportionate shares due towards Mt Gox. The last day of casting is Friday, 8th October 2021, and 50% of votes are required for approving the rehabilitation proceedings. A rehabilitation proposal…
The majority of crypto exchanges in the UK have failed to ensure compliance with the AML Policy standards for which the Financial Conduct Authority (FCA) had asked the exchanges to obtain registrations and a deadline was given. The deadline has accordingly been extended by FCA because the authority noticed the withdrawal of the majority of…
An analyst and a BTC YouTuber that goes by the name “BTC Jack Sparrow” has mentioned what he believes to be the becoming of the Ethereum Network. The famous trader has gathered about 190,000 Twitter followers and is popular for revealing his price analysis to the crypto community recently and why he believes that the…
