Bitcoin (BTC) starts a new week at new 2023 highs but still dividing opinion after a blistering price rally. In what is shaping up to be the antidote to last year’s slow bleed lower, January has delivered the volatility Bitcoin bulls were hoping for — but can they sustain it? This is the key question for market participants going into…
By the end of 2022, scammers shifted their focus to duping crypto investors who desperately tried to recoup their year-long losses. An international law enforcement operation led by European government agencies joined crypto entrepreneurs and businesses to curb cross-border crypto scams since July 2022, uncovering a criminal network operating through call centers. Europol and Eurojust, two EU agencies for law…
South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb Ordered to Pay Customers Over Service Outage The South Korean supreme court has issued a final ruling in a case…
Waning interest in a North Hollywood crypto-themed home A crypto-friendly house in North Hollywood, Los Angeles, is seemingly struggling to sell, as the property has seen its price reduce three times in a little over four months. The so-called “Cryptohouse,” as stated on the glowing neon sign in its kitchen, was listed for sale at $1.2 million in October last…
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have pledged not to intervene in…
Twitter has quietly expanded its new crypto feature that enables users to search the price of individual tokens, adding at least another 30 tokens. The new additions are part of the social media giant’s “$Cashtags” feature which was announced by the Twitter Business account on Dec. 21 with the news Bitcoin (BTC) and Ether (ETH) were the first to be part…
The highly-referenced Bitcoin Fear and Greed Index moved into neutral territory over the weekend following several months of fear. On Jan. 15, the index reached a neutral level of 52, its highest since April 5. The move follows a 24% gain for the BTC over the past seven days. The market sentiment tracker hit a multi-year low of 9 in…
India’s central bank has reiterated its stance on banning cryptocurrencies like bitcoin and ether. The governor of the Reserve Bank of India (RBI) likened cryptocurrency trading to gambling. He warned that crypto “will undermine the authority of the RBI and lead to the dollarization of the economy.” RBI’s Governor Wants Crypto Banned The governor of India’s central bank, the Reserve…
A California-based cannabis nursery has turned to blockchain and smart contracts to verify the authenticity of its medicinal plants. The cannabis nursery, known as Mendocino Clone Company, was named in a partnership announcement from the EMTRI project and tech firm Global Compliance Applications on Jan. 13. It will be harnessing the project’s blockchain capabilities to certify all clones, or baby plants,…
Bitcoin’s mining difficulty printed a record increase on Jan. 15, 2023, rising 10.26% to 37.73 trillion at block height 772,128. The network’s difficulty is now at an all-time high. This means, on average, it takes 37.73 trillion hashes, or attempts, to find a valid bitcoin block reward and add it to the blockchain. 2023’s First Difficulty Increase Outpaces All but…
