Hong Kong is taking action to regain its status as a global cryptocurrency hub by launching several legal initiatives related to the crypto industry. A city and special administrative region of China, Hong Kong is willing to distinguish its crypto regulation approach from the blanket crypto ban in mainland China. The government of Hong Kong is considering introducing its own…
Energy problems in North America and Europe and prevailing market conditions have spelled another bleak quarter for Bitcoin (BTC) mining operators on both continents. The latest Q3 mining report from Hashrate Index has highlighted several factors that have led to a significantly lower hash price and higher cost to produce 1 BTC. Hash price is the measurement used by the industry…
Turkish authorities have seized $40 million in cryptocurrency as part of an investigation into an illegal gambling ring Gambling in Turkey is highly regulated. Casinos were banned in 1998 in the country and online betting, with the exception of one state-owned service, has been banned since 2006. According to reporting by The Daily Sabah, the authorities also issued detention orders…
Bitcoin (BTC) may spend the time until its next block subsidy halving battling recession, Elon Musk suggested. In a tweet on Oct. 21, the Tesla CEO revealed his belief that the world would only exit recession in Spring 2024. Musk: Recession will “probably” stay until Q2, 2024 After the United States entered a technical recession with its Q3 GDP data,…
Celestia, a project that aims to solve the perceived centralization problem in current monolithic blockchains, has announced it has raised $55 million in its latest funding round. The round, which was led by Bain Capital Crypto and Polychain Capital, also saw the participation of Delphi Digital, Protocol Labs, Figment, Maven 11, and Spartan Group, among others. Celestia Raises $55 Million…
Ethereum has witnessed a substantial drop in its daily active address (DAA) count over the last four months, raising fears about more downside for ETH (ETH) price in the coming weeks. Stagnant Ethereum price spooks investors The number of Ether DAA dropped to 152,000 on Oct. 21, its lowest level since June, according to data provided by Santiment. In other words,…
As the broader crypto market struggles to find momentum for any meaningful bull action, DeFi tokens behind SushiSwap, Uniswap, and Synthetix have been hit hard over the past day, posting losses of more than 7%. SUSHI, the governance and staking token behind the eponymous decentralized exchange (DEX), has plunged as much as 9.7% over the past 24 hours. The token…
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Joe Hall to talk about Bitcoin Amsterdam and his experience seeing bitcoin being used in Africa. Watch This Episode On YouTube Or Rumble Listen To The Episode Here: Q: Could we discuss what were those things that you…
A Bank of America economist, Tatonga Rusike, has said the Nigerian currency is overvalued by as much as 20% and will likely be devalued in 2030. The remarks by the economist came just days after the currency’s exchange rate reportedly touched a new low of just under 750 naira for every U.S. dollar on the parallel market. Currency Fair Value…
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Eric Yakes to talk about the 7th property of money that Bitcoin introduced, fractional reserves on a bitcoin standard and what interesting Bitcoin projects are happening in the space right now. Watch This Episode On YouTube Or Rumble…
