Category: Blockchain

The Ugandan Financial Intelligence Authority (FIA) requested the Ministry of Finance to establish a legal framework by which digital currencies can be regulated, local media reported Monday. According to a local media channel, the Daily Monitor, the proposal was submitted by the FIA Executive Director, Sydney Asubo, who noted that all the efforts to request digital

HSBC revealed that the bank has no plan to offer virtual currency as investments to their clients by starting a cryptocurrency trading desk due to volatility and uncertain transparency, the CEO said Monday. Noel Quinn, CEO of HSBC, accepted an interview from Reuters on Monday said the bank has no plans or offer digital coins

Bitcoin (BTC) slipped to $31,111 on Sunday, and this price was almost half of the all-time high (ATH) of $68,854 hit in mid-April.  BTC, however, has regained some momentum to trade at $36,453 at the time of writing, according to CoinMarketCap. Nevertheless, market analyst tweeting as the pseudonym “CryptoHamster” believed that Bitcoin needs to hold

Cryptocurrency mining operators, including Huobi and BTC.TOP, are reportedly halting their business in mainland China, sources said. At least two media sources from Reuters and Bloomberg said that Huobi set to “terminate” the sale of crypto mining machines and mining hosting services in mainland China. Huobi said leveraged investments products and contracts would “temporarily” not

The global cryptocurrency market is gradually back on its feet after almost a week-long continuous downtrend. The major price correction was marked by the plunge of the crypto market cap to $1.45 trillion, from its high peak of over $2.4 trillion a few weeks ago. While Bitcoin (BTC) took the hardest hit with its market

The ongoing market correction is stirring the attainment of new records in the crypto industry, albeit on the bearish side. Ethereum (ETH), the world’s second-largest digital currency by market capitalization, has seen its meteoric rise to a new all-time high (ATH) truncated with on-chain metrics spiralling downwards. According to Glassnode analytics, the number of Ethereum

Back on March 12, 2020, Bitcoin (BTC) shed off more than 50% of its value to trade at $3,800 as the coronavirus (COVID-19) pandemic continued wreaking havoc across the globe.  This day was often referred to as ‘Black Thursday’ as the financial market experienced a sharp price drop due to the uncertainty for the future from

The largest mainstream cryptocurrency Bitcoin continues another round of sell-off after a roller-coaster week trading. On Sunday, Bitcoin’s biggest drop reached to 18% and fell to the lowest  $31,111. This price was almost half of the $64,854 Bitcoin hit its All-Time High (ATH) on April 14 this year. Following a series of tweets last week by billionaire

Elon Musk, the founder and CEO of Tesla Inc., sparked on Twitter Saturday, suggesting that the layer-2 payments Lightning Network are required for now to scale Bitcoin (BTC) transaction. The billionaire said that the Bitcoin network could meet increasing demand if its users adopted the Lightning Network, a payment that makes Bitcoins transactions cheaper and