BTC

Stablecoins Under Scrutiny

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Time Stamp: July 1, 2023 9:37 AM - Modified On: July 1, 2023 - Published By:
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Amidst the market’s recovery from the recent onslaught of SEC crackdowns, rumors swirl over the potential targeting of stablecoins in their crosshairs. Such a move could have profound implications for cryptocurrency prices, making it crucial to gauge the likelihood of this scenario and the approach regulators might adopt. The largest stablecoins by market cap are Tether’s USDT and Circle’s USDC. Both are pegged to the US dollar and backed by various assets, typically highly liquid instruments like US Treasury bills. In theory, when someone wants to buy stablecoins from an

Crypto’s Moment of Truth

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Time Stamp: July 1, 2023 9:26 AM - Modified On: July 1, 2023 - Published By:
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In a pivotal moment for crypto, recent news that BlackRock and others such as Fidelity have filed for spot Bitcoin ETFs propelled BTC to a yearly high of just under $31,700. What does the arrival of these significant players mean for the future of crypto? For years, the prospect of a Bitcoin ETF approval in the United States has been shrouded in uncertainty. However, the tides are turning this time, as the involvement of industry giants like BlackRock hints at a higher likelihood of approval. Deniz, our CEO, echoes this

Cryptocurrencies in comparison: Bitcoin vs. Polygon

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Time Stamp: June 19, 2023 8:52 AM - Modified On: June 19, 2023 - Published By:
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Bitcoin, the best-known and first decentralized cryptocurrency, paved the way for a variety of other digital currencies based on blockchain technology. One such currency that is attracting more and more attention lately is Polygon. However, Bitcoin is still the largest and most important cryptocurrency for a reason. So, can Polygon take on the crypto giant? The most important facts about Bitcoin Bitcoin is a decentralized digital currency invented in 2009 by an unknown person named Satoshi Nakamoto. It enables peer-to-peer transactions without a central intermediary. Blockchain technology serves as a public ledger that tracks transactions. Bitcoin

Crypto Chaos

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Time Stamp: May 10, 2023 6:28 AM - Modified On: May 10, 2023 - Published By:
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Despite the second-largest bank failure in US history, the Federal Reserve continued its interest rate hike strategy last week. This caused markets to react by pricing in continued monetary tightening, pushing back their expectations of rate decreases to 2024. Some have perceived this move as necessary to combat inflation, even if it comes at the cost of breaking the banking sector. Unfortunately, this sober outlook suggests that the rest of the year may be marked by more sideways action in the markets rather than a steady recovery. Meanwhile, in the

Crypto Market Trends – BUSD Launched a Crypto Recovery Fund

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Time Stamp: April 26, 2023 7:14 AM - Modified On: April 26, 2023 - Published By:
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2023-4-6 The price volatility that has been experienced in the crypto sector since 2022 has shown the need for stablecoin issuers to hedge against their cryptocurrencies to avert potential disastrous eventualities such as implosions. Still, the market has a clear memory of the impact of the Terra USD crash on the crypto market in particular and the digital sector in general. This article discusses Binance’s initiative to introduce a recovery fund for its stablecoin Binance USD (BUSD). Binance to convert the recovery fund into a few cryptocurrencies Recently, Binance announced

Krypto Miners Club Releases Revolutionary NFT Collection Backed by BTC Mining on Polygon Blockchain

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Time Stamp: March 25, 2023 3:03 PM - Modified On: March 26, 2023 - Published By:
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Now you can have your own Bitcoin Mining Through Krypto Miners Club(KMC) NFTS Highlights A community based NFT project backed by BTC mining is revolutionising the mining industry with their cutting edge technology and strategy. The Krypto Miners Club is a 4 phased project which includes 8888 NFT’s focusing on creating long term passive income from mining for their NFT holders The First Phase consisting of 2,222 NFT’s has been released on the Polygon Blockchain. 24 March, 2023, Dubai: Krypto Miners Club (KMC), a leading blockchain-based company, has released phase

Bonds, Bitcoin Bonds

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Time Stamp: October 12, 2022 2:03 AM - Modified On: October 12, 2022 - Published By:
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Just over a year ago El Salvador made history by becoming the first, and only country in the world to make Bitcoin legal tender. Much to the anger of the international community of central bankers, they pushed ahead with their plans, doubling down by planning a $1 billion bond release to build Bitcoin City. According to the mainstream media, El Salvador’s experiment with cryptocurrency has been an unmitigated disaster. The country is on the verge of bankruptcy, there hasn’t been widespread adoption of crypto, and the president is a ruthless

BingX Introduces Zero Fee For Spot Trading

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Time Stamp: September 8, 2022 12:28 PM - Modified On: September 8, 2022 - Published By:
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SINGAPORE - Media OutReach - 8 September 2022 - BingX, the leading social trading crypto exchange, is proud to announce that it has eliminated fees on spot trading. All maker, taker, and grid robot transactions in spot trading will enjoy the benefit of zero transaction fees. Zero-fee trading took effect from Wednesday, Sep 7, 2022, at 2 pm (UTC +8), applicable across all spot trading volumes, and is subject to further notice. It facilitates traders to align their positions with popular coins like BTC, ETH, MATIC, PSG, ADA, SHIB, LUNC, OP, STG,

Bitcoin’s Hashrate Slides 15% in 10 Days, Price and Difficulty Puts Pressure on BTC Miners

Source Node: https://news.bitcoin.com/bitcoins-hashrate-slides-15-in-10-days-price-and-difficulty-puts-pressure-on-btc-miners/
Time Stamp: January 10, 2022 6:30 PM - Modified On: January 10, 2022 - Published By:
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The price of bitcoin has been on a long losing streak since November 10, 2021, when the leading crypto asset tapped an all-time high at $69K per unit. During the last two weeks, bitcoin has shed more than 19% in value, and the network’s hashrate has dropped from over 200 exahash per second (EH/s) to 174 EH/s losing roughly 15% in ten days. Civil Unrest in Kazakhstan Leads to Hashrate Loss Speculation, Kazakhstan’s Bitcoin Miners Say Issues Did Not Affect Them This week the civil unrest in Kazakhstan caused a

What will happen if Bitcoin goes to $150k in the near future

Source Node: https://ambcrypto.com/what-will-happen-if-bitcoin-goes-to-150k-in-the-near-future/
Time Stamp: December 2, 2021 7:30 PM - Modified On: December 2, 2021 - Published By:
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There is enough conversation about Bitcoin being in a “supercycle” doing the rounds in crypto circles. Therefore, despite the recent steep correction, analysts see those gaps closing by year-end. So much so that the anticipation goes beyond the $100k mark that was pegged earlier. However, Into The Cryptoverse CEO Benjamin Cowen, in a recent interview with Blockworks, expressed nervousness about those price levels. He said, “Is a trend sustainable if we go up to $150k next month? I don’t think so. “ He explained that a lot of selling pressure,

Diversifi in Partnership with Cloverly Launched Green Crypto for Institutions

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Time Stamp: November 24, 2021 7:44 AM - Modified On: November 24, 2021 - Published By:
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First crypto risk management platform for institutions, utilizes Cloverly, asustainability-as-a-service platform, to help the crypto industry offset its environmental footprintNovember 25, 2021 Tel Aviv, Israel and Atlanta GA, USA Diversifi, the first tech-driven crypto risk management platform for institutions, and Cloverly, asustainability-as-a-service platform, cooperate on helping the crypto industry offset itsenvironmental footprint. Diversifi automatically offsets the carbon footprint of crypto holders bycalculating the carbon footprint and utilizing Cloverly’s carbon offset API. The offset addressesthe impact of Bitcoin mining, Ether mining, and smart contracts execution, including mintingNFTs. “We remove the complexities

India Considering Registration, Taxation in Crypto Regulation

Source Node: https://beincrypto.com/india-considering-registration-taxation-in-crypto-regulation/
Time Stamp: November 19, 2021 10:01 AM - Modified On: November 19, 2021 - Published By:
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India’s government is planning regulations that could require coins to register before being listed and traded on exchanges.Sponsored Sponsored According to anonymous sources from Reuters, the process is intentionally cumbersome in order to deter investors from holding cryptocurrencies. Only coins that have been pre-approved by the government may be traded, with those holding other coins risking a penalty. This regulation would create a barrier of entry for thousands of peer-to-peer currencies if carried out. Another senior government source claimed that capital gains and other taxes, potentially amounting to over 40%,