Bitcoin News / Bitcoinist - 2 years ago
Nigeria, the most populous African nation, experienced a severe cash shortage and these shortages have increased the adoption rate of its CBDC, the eNaira. Nigeria is the first African nation to launch a sovereign digital currency. After the launch,...
Bitcoin News / Bitcoinist - 2 years ago
Cryptocurrency regulation is getting more challenging in the United States following several cases of fraud and crashes of crypto-related firms. The regulators put up tighter measures with an intensive crackdown on fraudulent crypto schemes. Also, US...
Bitcoin News / Bitcoinist - 2 years ago
Crypto investors are becoming more greedy with the price of Bitcoin breaking the $28,000 resistance. The Crypto Fear & Greed Index has now returned to levels not seen since November 2021, which was right around the time when the price of BTC hit...
Bitcoin News / Bitcoinist - 2 years ago
Data shows that Bitcoin transactions have grown in number recently, but exchange deposit and withdrawal transfers have only moved sideways. Bitcoin Transaction Count Has Observed A Sharp Increase Recently According to data from the on-chain analytics...
Bitcoin News / Bitcoinist - 2 years ago
In Washington, D.C., Senator Ted Cruz introduced a new bill to block the development and issuance of central bank digital currency (CBDC) in the United States. The proposed legislation seeks to prohibit the Federal Reserve from creating its own CBDC...
Bitcoin News / Bitcoinist - 2 years ago
Ben Armstrong, known as BitBoy Crypto, one of several influencers sued in the FTX class action suit, is facing new legal troubles after allegedly harassing one of the plaintiffs’ attorneys with phone calls, tweets, and emails, both privately an...
Bitcoin News / Bitcoinist - 2 years ago
Bitcoin’s (BTC) potential as a safe-haven asset is gaining traction among investors as recent U.S. bank failures shift market sentiment, according to Bloomberg Intelligence senior macro strategist Mike McGlone. McGlone explained that the high-p...
Bitcoin News / Bitcoinist - 2 years ago
XRP price rallied sharply today, soaring to new heights and leaving cryptocurrency enthusiasts thrilled. The digital asset has climbed to a four-month high, propelled by an optimistic sentiment that has been driving the markets recently. According t...
Bitcoin News / Bitcoinist - 2 years ago
Despite the rather bearish price action of Shiba Inu (SHIB), the burn rate has seen a huge increase in March compared to the previous month of February. As Bitcoinist reported, the still relatively unknown Koyo project, which is built on Shibarium, i...
Bitcoin News / Bitcoinist - 2 years ago
Crypto-related developments continue to gain more ground despite the recent market turmoil caused by FTX has broken the investors’ trust. This time, ConsenSys, the firm behind the most used self-custodian cryptocurrency wallet, MetaMask, inked...
Bitcoin News / Bitcoinist - 2 years ago
US President Joe Biden released the government’s economic report on Monday, in which Bitcoin plays a major role. BTC is mentioned as many as 75 times in the report, which attempts to denigrate Bitcoin and promote a Central Bank Digital Currency...
Bitcoin News / Bitcoinist - 2 years ago
Bitcoin price could see a boost amid a widespread financial crisis that has already led to the collapse of several banking giants and put many others at risk, according to Raoul Pal, Real Vision CEO and a former hedge fund manager. Pal sees the curr...
Bitcoin News / Bitcoinist - 2 years ago
The Securities and Exchange Commission (SEC) has issued a subpoena to Sushi DAO and its “head chef,” Jared Grey, as part of the regulator’s ongoing efforts to scrutinize the decentralized finance (DeFi) industry and cryptocurrencies. The news w...
Bitcoin News / Bitcoinist - 2 years ago
Bitcoin price is trading at more than $28,000 per coin and is up nearly 78% year-to-date in 2023. This could only be a mere glimpse of what’s to come, which could ultimately be the biggest rally in crypto in several years – even beating the per...
Bitcoin News / Bitcoinist - 2 years ago
Crypto payment platform SpankPay shut down operations following a breakup with its key partner, payment infrastructure company Wyre. Via their official Twitter handle, the team behind the platform claims that Wyre walked out of their partnership on p...
Bitcoin News / Bitcoinist - 2 years ago
On-chain data suggests Ethereum is in a better long-term growth position than Bitcoin and could thus see gains even after BTC’s rally ends. Ethereum Exchange Reserve Hasn’t Risen That Significantly Yet As an analyst in a CryptoQuant post...
Bitcoin News / Bitcoinist - 2 years ago
The crypto winter of 2022 forced many crypto-related establishments into financial stress leading to bankruptcy proceedings. Core Scientific was one of the firms affected by the 2022 market crash as it filed for Chapter 11 bankruptcy due to falling r...
Bitcoin News / Bitcoinist - 2 years ago
The crypto space has seen several shocking incidents recently. There have been enforcement actions, crypto hacks, and the sudden closure of 3 crypto-friendly banks; Silvergate, Silicon Valley, and Signature. A new incident has once again shocked the...
Bitcoin News / Bitcoinist - 2 years ago
In the wake of Credit Suisse’s crisis, Changpeng Zhao, the CEO of Binance, in a tweet on March 20, questioned the constant failures of banks and the regular, yet costly, need to bail them out using taxpayer’s monies. Binance CEO Questions...
Bitcoin News / Bitcoinist - 2 years ago
As a result of regulatory developments, many crypto platforms paused operations, and even some left providing services in certain countries due to strict regulations implied. In this case, OKX, one of the top crypto exchanges in the blockchain indust...
Bitcoin News / Bitcoinist - 2 years ago
The United States Securities and Exchange Commission (SEC) has strictly regulated digital currencies and crypto exchanges like Coinbase. It is currently in a lawsuit with Ripple Lab regarding what it says are illegal sales of unregistered securities....
Bitcoin News / Bitcoinist - 2 years ago
Rap legend Snoop Dogg and Cardano-based NFT project Clay Nation have unveiled a new NFT collection called “Snoop Dogg, Gin & Juice,” part of “Icons by Clay Nation.” Back in April last year, Snoop Dogg announced his partner...
Bitcoin News / Bitcoinist - 2 years ago
Data shows Bitcoin miners have found some relief recently as their mining revenue has now shot up to the highest level since June 2022. Bitcoin Mining Revenues Have Significantly Deviated From Yearly Average According to the latest weekly report from...
Bitcoin News / Bitcoinist - 2 years ago
Bitcoin rallied tremendously last week coming off the back of the devastating new of the Silicon Valley Bank collapse, among others. This saw the digital asset rise to a nine-month high above $28,000 before correcting back downward. In its latest rep...
Bitcoin News / Bitcoinist - 2 years ago
The macroeconomic situation is a strong indicator of where the crypto market is headed. In this case, the March 22 interest rate hike announcement of the US Federal Reserve and the FOMC Meeting Minutes would decide the fate of both equities and crypt...
