Category: Blockchain

Song Young-gil, leader of the ruling Democratic Party, stated that the South Korean government should stop the crackdown on the crypto sector and start nurturing it instead. The popular Democratic Party stated that “the time is ripe” to start “cultivating” the cryptocurrency industry. Policy support in South Korea has been observed to undoubtedly make cryptocurrency products more

Overseas-Chinese Banking Corporation (OCBC) is considering launching a cryptocurrency exchange. The bank’s CEO, Helen Wong, told Bloomberg media outlets last Friday, November 19, about the development and said: “We are looking at it and seriously there are some work being done in the bank,” adding that the bank wants to address consumer needs “in a

Foundry, an American-based crypto mining pool has climbed up the rankings and is now the second-largest Bitcoin mining pool after AntPool. Foundry’s rise to the top spot was seen after the Digital Currency Group-owned outfit staked up as much as 14.79% of the total market share. The crackdown on digital currency-related activities in China has provided new growth

Foundry, an American-based crypto mining pool has climbed up the rankings and is now the second-largest Bitcoin mining pool after AntPool. Foundry’s rise to the top spot was seen after the Digital Currency Group-owned outfit staked up as much as 14.79% of the total market share. The crackdown on digital currency-related activities in China has provided new growth

American digital currency trading platform Kraken has shared details of its plans to delist privacy coin Monero (XMR) in the United Kingdom by the end of November 2021, as exchanges scramble to adhere to local regulations. According to Kraken, when the delisting starts, users will not be able to increase their margin position on Monero,

Hillary Clinton, the former US secretary of state under President Barrack Obama, warned all countries to take the rising popularity of crypto coins seriously because such instruments have the potential to undermine the role of the US dollar and the power of nation-states in the global economy. The former democratic presidential candidate made the comments via

Ken Griffin, the founder and CEO of hedge fund company Citadel LLC, acquired a first-edition copy of the US Constitution at a Sotheby’s auction house on November 18. The billionaire investor paid $43.2 million to secure the document, beating an outbidded group of crypto investors- ConstitutionDAO who also had the same interest of acquiring the extremely rare first-run printing.

The Internal Revenue Service, a major US regulator, could seize cryptocurrencies valued at billions of dollars linked to tax fraud and other crimes in the forthcoming year. That is according to a key agency official. IRS Criminal Investigation Chief Jim Lee talked about such development after making a press briefing with media reporters. He stated:

Bitcoin (BTC) has been correcting since it surged to an all-time high (ATH) of $69K earlier this month. This retracement has triggered a 17% loss in Bitcoin supply, with short-term holders who bought the top being the primary culprits. Market insight provider Glassnode explained: “When the Bitcoin market experiences a large sell-off, the change

In yet another move to showcase its love for Bitcoin, El Salvador’s President, Nayib Bukele, has unveiled the country’s plans to build the first fully functional Bitcoin city. This project is billed to be funded by a Bitcoin-backed, government-issued bond.  A City Where Everything Works Speaking at the Bitcoin Week Conference, President Bukele revealed the details of the plans for building up