Category: Blockchain

The price of Bitcoin (BTC) has driven to the lowest point near $30k due to sharp corrections after hitting highs above $64.5k in mid-April. On May 19, BTC fell to around $30K, resulting in the biggest single-day drop of price, up to 30%. The price level of $30K was close to the beginning of 2021, which indicated that

In an interview with CNBC media outlets, David Rubenstein, the co-founder and chairman of Carlyle Group private equity firm, said Thursday that he believes cryptocurrencies would remain part of the financial space for years to come, dismissing concerns about growing asset class was destined to fade away. Rubenstein stated that although he did not invest in

Ethereum (ETH) sank to lows of $2,000 followed by the market crash witnessed in the crypto space. As a result, the second-largest cryptocurrency shed off half of its market capitalization from the record-high of $500 billion witnessed recently.  ETH dropped from an all-time high (ATH) of $4,358 to a low of $2,015 in just one

Australia’s Financial Services Minister Jane Hume warned that the cryptocurrencies are volatile and high-risk assets, investors must be aware of risk after the recent massive price correction of the global crypto industry. According to a report by the Daily Mail, Hume said that  Australia “takes no issue with consumers investing in cryptocurrencies.” The crypto industry has continued on its

The United States Federal Reserve appears more committed to changing the payments landscape by using emerging technologies. The US Fed Chairman Jerome Powel said the Central Bank Digital Currency (CBDC) design would “raise important monetary policy and financial stability”. A video message released by the Fed Chairman, Jerome Powell, said it was made known that the apex banking body has

US Senator Sherrod Brown, the chairman of the Senate Banking Committee, issued a statement requesting the Office of The Comptroller of The Currency (OCC) to review federal bank charters awarded to crypto firms and prevent any of such issuance in the future.    Senator Brown pressed the current acting Comptroller of The Currency, Michael Hsu, to

ETF provider Teucrium Trading submitted an application Thursday for an exchange-traded fund (ETF) for tracking the futures of Bitcoin (BTC) to the US Securities and Exchange Commission (SEC). This Bitcoin futures Exchange Traded Fund (ETF) is a type of security that tracks the overall price of Bitcoin futures contracts and cash and cash equivalents (CCE)

The U.S. Treasury Department proposed Thursday that cryptocurrency transactions of more than $10,000 are required to report to the U.S. Internal Revenue Service (IRS). In a proposal titled the “American Family Plan” released by the United States of President Joe Biden on Thursday, it suggested that the importance of cryptocurrencies will arise, even though crypto transactions only take

Several investors expressed their negative confidence and commented about its future development in the midst of the recent dip in Bitcoin (BTC) price. However, Bill Miller – an American investor and fund manager, remained confident in BTC. In an interview on CNBC media outlets a few days ago, Bill Miller, the founder and CEO of

Racing sports are becoming more Crypto-friendly to accept tokens. Formula One (F1) racing teams Aston Martin and Alfa Romeo reportedly become the first F1 teams to issue fans tokens of crypto on the Socios.com platform. Two sources reported that fans token are provided by Socios and bought with CHZ, which will start trading on coming