News
There are currently fears that Bitcoin may slip below $40,000 as institutional traders, otherwise known as whales, have continued to syphon more of the coins from exchanges. At the time of writing, Bitcoin is trading at $40,468. BTC/USD 24 hour trading chart (Source: Trading view) Commenting on
News
Regulatory authorities in China have issued a warning to non-fungible token (NFT) investors, alerting them of the hidden risks associated with these assets. The warning was issued by three regulators - the China Banking Association, the China Internet Finance Association and the Securities Association of China. The alert urged authorities
News
After the current owner listed it for sale at $48 million last week, the Jack Dorsey non-fungible token (NFT) could possibly sell for a fraction of just 0.00058 of that amount after getting a highest bid of $277. In March 2021, Sina Estavi, an Iranian investor acquired the NFT
News
Virgil Griffith, a former developer with the Ethereum Network has been handed a 63-month jail term and fined $100,000 after he helped North Koreans use cryptocurrencies to evade sanctions. The developer was arrested in November 2019 after he made a speech at a conference in Pyongyang in April of
News
The Islamic Republic of Iran has walked away from cryptocurrencies and would no longer regard Bitcoin as a legal currency. Iran has always had a confusing stance about cryptocurrencies even as it has always faced sanctions from the West. Reza Bagheri, the country’s deputy Minister of Communications, who discussed
News
AC Milan, an Italian professional football club, has collaborated with BitMEX cryptocurrency exchange to launch its first-ever non-fungible token (NFT). According to the club, proceeds from the NFTs will be given to the charity arm of the club - Fondazione Milan. This edition which is said to be limited will
News
Coinbase, the largest cryptocurrency exchange in the United States has suspended payment services through the United Payments Interface (UPI) for Indians. This development comes three days after launching operations in the Asian country. The UPI, which processes buy orders on Coinbase’s India service, is governed by the National Payment
News
Following the formation of the Crypto Market Integrity Coalition (CMIC), 13 crypto-based protocols have joined the association which was founded barely two months ago. Among the new members are TRM Labs, Kaiko, Elliptic, Gemini, Chainalysis and Robinhood. CMIC, which was originally established by 17 crypto exchanges and firms from around
News
The CEO of Tesla, Elon Musk has acquired a 9.2% stake in Twitter, a popular microblogging platform. This move, which many have termed strategic, comes weeks after the multi billionaire subtly accused the platform of defying the principles of free speech. Musk’s move was announced in a SEC
News
Bitcoin, on April 1, 2022, hit a 19 million mining milestone, leaving only 2 million coins to be mined over the next 100 years. Bitcoin was created with a circulating supply of 21 million and 12 years after the first block (comprising 50 coins) was mined, the 19millionth Bitcoin (block
News
The ex-chief of product and marketing of the Japan-based Liquid Global Exchange Company, Marisa McKnight has argued that she was simply used as the blameworthy element for the hack reported sometime in August 2021. On that note, she has proceeded to file an unfair termination charge against the company'
News
The world's highest-rated crypto by market capitalization, Bitcoin temporarily hit a $48,000 price value, recording the eighth day of the consecutive increase. This move is another justification for a repossessed upward movement after the flare-up from its price ceiling of about $42,500 on the 22nd of