Category: Blockchain

Over the past week, Bitcoin’s brief drop to the $28K level, triggered by a series of intensified crackdowns on crypto mining from Chinese authorities.  Bitcoin short term investors have been blamed for the primary culprits in the recent crash of the crypto market, as acknowledged by Yann & Jan. The Glassnode co-founders explained: “The Bitcoin investor group that is

The Asian giant China has been on the tail of cryptocurrency miners as it seeks to enforce its ban on all digital currency-related activities. Michael Saylor, the Chief Executive Officer of MicroStrategy Incorporated tagged the Chinese government recent move as a trillion-dollar mistake by targeting domestic crackdown against Bitcoin mining and other crypto-related activities. Revealing this in an

Russian IT specialist Alexander Vinnik, who convicted guilty in France on money laundering charges, remained to be jail for five years in prison. However, the Court of Appeal of Paris exempted him from a fine of 100,000 euros. According to a report by the Russian state-backed media TAAS, the Paris court rejected several requests from Vinnik’s defence team.

An imminent downtrend occurred in the Bitcoin network after breaking the record in mid-April by reaching highs of $64.8K.  This price drop has been partly orchestrated by Elon Musk tweets about Bitcoin’s impact on the environment, as well as China’s ongoing crypto mining crackdown.  As a result, the average Bitcoin trader has been on the

More Middle East countries are taking a bet on cryptocurrency, despite its high volatility nature, which may beat investors. The first Bitcoin fund in the Middle East was listed in Nasdaq Dubai last Wednesday, which was launched by 3iQ, one of Canada’s largest digital asset fund management companies, and its assets under management are worth more

The United Kingdom Financial Conduct Authority (FCA) issued a restriction to the country’s crypto savvy exchange platform, requesting Binance Markets Limited to remove all advertising and financial promotions and close the business by the evening of this Wednesday. Binance Markets Limited, a separate legal entity from the Binance, was banned by the U.K. financial watchdog from

Ricardo Salinas Pliego, a Mexican billionaire, endorsed the use of Bitcoin (BTC), saying his bank Banco Azteca will develop the first BTC banking business in Mexico. The 65-year-old third-richest tycoon in Mexico said on Twitter Sunday, indicating “he recommends using BTC”; his bank and himself “will be the first bank to accept BTC in Mexico”. The

Bitcoin (BTC) has been experiencing a headwind, facing a downtrend since the Chinese authorities intensified their crackdown on crypto mining. The leading cryptocurrency was down by 9.02% over the last seven days to hit $34,284 during intraday trading, according to CoinMarketCap. IntoTheBlock believes that Bitcoin has to breach the $37,000 level because it is a

El Salvador President Nayib Bukelet announced Bitcoin (BTC) would become another legal tender, effective on September 7. The government is also giving a cash handout by offering $30 in Bitcoin to the public. Bitcoin along the dollar will become the legal tender in El Salvador in September. People can choose any of them as a payment medium.  To attract