Bitcoin’s genesis block holds the key to its creation. Back in 2009, as the housing crisis and the collapse of global banking giant Lehman Brothers the previous fall urged the anonymous Satoshi Nakamoto to create a form of money that wouldn’t devaluate whenever a central bank decided to print more fiat, he linked Bitcoin’s creation […]
Bitcoin traded as low as $35,000 at a certain point on Friday as crypto markets mostly traded in sync with tech stocks again, which means everything saw major losses. Saturday morning at the time of writing this article, Bitcoin trades at $35,800 and Ether changes hands for $2,600. Worst one-day drop Coins which had gained […]
Bitcoin’s price has taken a big hit following the rate hike by the Fed. The market tumbled just hours after the announcement of the hike, bringing Bitcoin’s price to $36,000, the lowest since January 2022. This was the opposite of what the crypto space expected. The Fed yesterday announced an increase in interest rate by […]
After a long tussle, Binance has finally secured regulatory approval from the French government to operate as a digital asset services provider in the country. French stock market regulator AMF, now recognizes Binance as a digital assets services provider after the top exchange met all the conditions for such approval.https://twitter.com/Blockworks_/status/1521886417504329729?s=20&t=ZJcVKUl44GndCNs3YGtDMwBinance has had a tough time […]
As Bitcoin’s price continues to struggle and stagnate, institutional investors seem to be losing interest in the largest cryptocurrency by market capitalization. A weekly digital asset fund flows report shows that outflow of institutional investments from Bitcoin investment instruments has reached the highest level since June 2021.The report shows that $133 million worth of investment […]
The price of Bitcoin has stagnated for over a week now, fluctuating between $40,000 and $38,000. Some Investors have started to lose interest as a result and many have lost hope of a price rally in the short term. Some analysts have worsened the bearish sentiment by predicting that the price may crash to $36,000 […]
A top luxury gym in New York, Equinox Health Club will start accepting Bitcoin payment, a local report says. The gym is partnering with Bitcoin payment service provider Bitpay to facilitate the payments. This makes the luxury gym the first in the city of New York to accept Bitcoin payment for its services. Equinox is […]
The Solana network stopped processing blocks for nearly 7 hours following an attack on the network’s NFT mining tool, Candy Machine. The attack halted the network starting from Saturday around 4:32 pm till around 11 pm EST on Sunday. https://twitter.com/SolanaStatus/status/1520554250803236867 According to a tweet on the official Solana network Twitter handle, the network lost consensus […]
Now that the dust has settled and most analysts have accepted that Elon Musk has probably acquired Twitter, questions are arising as to the future of the social media platform. There are many worries, certainly for the (mostly leftwing) employees who are afraid (with some even crying during meetings) of the new direction Musk might […]
For the first time since 2015, Amazon reported a loss. The tech behemoth lost some $4 billion in the first quarter of 2022 and for many analysts it is becoming quite obvious that a possible recession is in the works in the USA. Over in the cryptosphere, Edward Snowden was named as the co-developer of ZCash while […]
