Category: Blockchain

Ever since Bitcoin (BTC) dropped from the record-high price of $64,800 set in mid-April, short-term holders have found themselves at the receiving end after a sharp correction, as revealed by Dilution-proof. The crypto data provider explained: “On average, short-term Bitcoin holders have been selling at a net loss (SOPR <1) since May 13th. The

Bitcoin declined 3% from its previous close at $39,149.17 over the past 24 hours, trading at $37,929.91 during the intraday on June 4. Its market capitalisation currently stands at $710.727 billion. Bitcoin price dropped on Thursday night after Elon Musk, Tesla CEO, posted a meme on the Twitter platform describing Bitcoin having a broken heart emoji.   

Bitcoin (BTC) plunged by more than 5% after touching the $40,000 level. Tesla CEO Elon Musk tweeted the lyrics of “In the End,” a chart-topping song by rock band Linkin Park, attached with the Bitcoin hashtag and a broken heart emoji.  However, these shocking waves have engulfed the BTC market recently, did not lowering crypto

The Solana Foundation cooperated with ROK Capital, a large-scale blockchain accelerator in South Korea, to jointly launch a $20 million fund to expand Solana’s blockchain ecosystem in South Korea. Solana was founded in 2017 as a completely open-source public blockchain designed to provide decentralised finance (DeFi) solutions in a scalable manner. The cooperation with Korean

The UK’s Financial Conduct Authority (FCA) warned that a massive number of crypto businesses are failing to meet U.K requirements for the prevention of money laundering activities. On Thursday, June 3, the FCA announced that it had extended the deadline for the so-called “Temporary Registration regime “from July 9 2021, to March 31 2022. Businesses providing

Tinkoff, the most prominent online bank in Russia, faces regulatory and legal challenges to offer cryptocurrency trading to its premium clients, the bank’s CEO said Thursday. Oliver Hughes, the CEO of Tinkoff, accepted an interview with CNBC Thursday and said that “qualified investors” want to invest in crypto as digital assets. Still, Tinkoff is unable

Former US Presidential candidate and Congressman Ron Paul doubled down on his pro-Bitcoin plan, calling for the legalisation of Bitcoin (BTC) as a form of money. Paul argues that Bitcoin and Gold represent the effective hedges citizens and investors turn to in a bid to wade off the dwindling value of the US dollar and

Google Inc is expanding the scope and content of its cryptocurrency-related advertisement policy. The corporation published an updated policy statement on Wednesdays, June 2, starting from August 3; advertisers providing crypto exchanges and wallets targeting the US may advertise such cryptocurrency-related services and products when certified by Google and meet the requirements stated below. To

Standard Chartered, the British multinational bank (MNB), announced Wednesday that the corporation has joined and followed the cryptocurrency trend.  Standard Chartered Bank is setting up a joint venture to buy and sell virtual currencies such as Bitcoin. On Wednesday, June 2, it announced that its technology department SC Ventures will establish a partnership with BC

Unlike the recent volatility that bedevils new listings, Shiba Inu-themed cryptocurrency, Dogecoin (DOGE), played an impressive run after it got listed on the Coinbase trading platform, as it sustained the momentum in its price rally in the early hours on Wednesday. Over the past 24 hours, Dogecoin surged to an intraday high of $0.4446, rising