Bitcoin moved closer to $40,000 during Thursday’s session, as traders continued to react to yesterday’s Fed rate hike. The FOMC opted to increase interest rates by 0.5% during May’s meeting, which is the largest hike in over twenty years. Bitcoin Bitcoin rose for a second consecutive session on Thursday, as bulls were buoyed by the Fed’s decision to increase interest…
Bitcoin (BTC) number go up technology is boosting crypto adoption in the United Kingdom. More and more Brits are buying cryptocurrency according to a Coinbase research piece carried out by Qualtrics. The key takeaways indicate that 33% of British people own crypto, up from 29% in October 2021. Plus, over half, or 61%, of those surveyed intend to increase their holdings over…
The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authority explores different privacy options for the eurozone’s digital fiat. User Anonymity Not Desirable for Digital Euro, ECB Says A presentation by the European…
The United States government is growing increasingly concerned about Bitcoin (BTC) in retirement savings, with two Senators flagging some issues in Fidelity Investments’ plans to include Bitcoin (BTC) in 401(k) accounts. Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota expressed concerns over Fidelity’s decision to add BTC to its 401(k) investment plan in a letter to Fidelity CEO…
The company behind the Bored Ape Yacht Club (BAYC) franchise, Yuga Labs, today tweeted it has “refunded gas fees to everyone who made a transaction that failed” during its chaotic Otherdeed mint last weekend. More than $157 million in Ethereum was burned in gas during the Otherdeed NFT mint, temporarily driving transaction fees on the blockchain to highs not seen…
Arthur Hayes, the co-founder and ex-CEO of the cryptocurrency exchange BitMEX, is asking a Manhattan federal judge for a sentence without jail time. According to a Bloomberg report on Thursday, Hayes’ legal representatives filed a request for probation “with no home detention or community confinement” following a plea deal that will likely see him face a jail term of six…
Bitcoin is now in-between the prior halving and the next, blockchain data showed Thursday morning. The phenomenon happened exactly on block number 735,000 on the Bitcoin blockchain, which was mined at around 6:30 a.m. ET on May 5, 2022. It was the 105,000th block to be mined after the last halving, which occurred in May 2020 on block number 630,000.…
Listen To This Recording: Transcript [0:07] CK: If folks want more detail about Central African Republic updates, we have the best information we could put together yesterday in an article pinned to the top here. Alex has been tweeting about it. There’s also an official document that’s pinned to the top. So, got some decent resources trying to get some…
Major crypto exchange Binance has participated in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the United States Securities and Exchange Commission. On May 5, Musk filed an amended general statement of the acquisition, announcing that Twitter received an aggregate of about $7.2 billion in new financing commitments in connection with the merger agreement, subject to…
The government of Kazakhstan has revised the registration requirements for persons and companies involved in crypto mining. The updated regulations come amid an ongoing clampdown on the industry in the Central Asian nation, where the influx of miners has been blamed for persisting electricity shortages. Crypto Miners to File Quarterly Reports With Kazakhstan Authorities An order issued by Kazakhstan’s minister…
