“Good people do not need laws to tell them to act responsibly, while bad people will find a way around the laws.” — Plato The above quote has withstood the test of time. Across industries, markets, communities and ideas, people ultimately will find a way to either do good or at worse, wrong. Nonfungible tokens (NFTs) and crypto are certainly…
Ether (ETH) price lost the $3,600 support on Jan. 5 as minutes from the Federal Reserve’s December FOMC meeting showed that the regulator was committed to decreasing its balance sheet and increasing interest rates in 2022. Even with that looming overhead, Ether has problems of its own, more specifically, the ongoing $40 and higher average transaction fees. On Jan. 3…
In a report published on Friday, Reuters laid out the findings of its investigation into the regulatory compliance practices of Binance, the world’s largest cryptocurrency exchange by trading volume. The authors suggest the existence of a recurring pattern whereby the company’s CEO Changpeng Zhao, while proclaiming its openness to government oversight, ran an organization that systematically denied regulators’ requests for…
Following the drop in value during Thursday evening’s trading sessions, Bitcoin’s mining difficulty rose to a lifetime high, reaching 26.64 trillion after jumping 9.32% at block height 719,712. The mining difficulty’s all-time high (ATH) is now higher than the ATH it reached on May 15, 2021, which means it is currently more difficult than ever before to find a bitcoin…
Binance CEO Changpeng ‘CZ’ Zhao ignored concerns raised by senior employees over the exchange’s weak know-your-customer (KYC) checks, amid a catalogue of other regulatory shortcomings, a Reuters investigation has found. The news agency claimed that senior Binance executives—including Chief Compliance Officer Samuel Lim and former Global Money Laundering Reporting Officer Karen Leong—raised concerns about the exchange’s weak KYC checks. Three…
Some users can now withdraw their bitcoin from Robinhood.The feature is rolling out in phases to those on the waitlist.Robinhood said it expects to roll out the feature to 10,000 customers by March. Robinhood has started rolling out its long-awaited bitcoin withdrawal feature. The company said in a Thursday statement that some users in the WenWallets waitlist have begun taking…
Bitcoin (BTC) and most major altcoins continue to witness a bloodbath on Jan. 21 and the result of the most recent downturn has been a $200 billion reduction in market capitalization. A new report by Huobi Research, in collaboration with Blockchain Association Singapore, forecast Bitcoin to enter a bear market in 2022. The liquidity tightening measures undertaken by the U.S. Federal…
Watch This Episode On YouTube Listen To This Episode: Host C.J. Wilson opened the latest episode of “Bitcoin Bottom Line” by talking about the mystery of Bitcoin’s fixed supply. There are only 21 million bitcoin that will ever exist, giving folks a grasp on how much bitcoin there will be in supply at any given time. In May 2020, the…
A group of people who have claimed they refuse to take any of the COVID-19 vaccines — at a time when the number of cases around the world is at an all-time high — is reportedly looking for a cryptocurrency expert to join them in Africa. According to a Friday report from Vice, the group of anti-vaxxers is building a…
During Jerome Powell’s Jan. 11 United States Senate confirmation hearings, Sen. Patrick Toomey posed a question to the incumbent-and-future Federal Reserve chief: “If Congress were to authorize and the Fed were to pursue a central bank digital dollar, is there anything about that that ought to preclude a well-regulated privately-issued stablecoin from co-existing with a central bank digital dollar?” “No. Not…
