Bitcoin was not subject to U.S. government selling this week, analysis shows, but BTC price action remains pressured. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-fees-plummet-95-as-btc-price-recovers-from-us-gov-t-scare
Month: May 2023
Finally, Cryptocurrency Has a Safe Haven – Sponsored Bitcoin News
sponsored The cryptocurrency industry has faced significant regulatory challenges in recent years, with the SEC and CFTC taking action against various projects, including sending Wells notices to Coinbase. Amidst this regulatory landscape, the concept of sovereignty and international law has become increasingly important for crypto investors and innovators. The idea is that a new state can create a safe-space for…
Animoca Brands reports $3.4B of assets in an interim financial update
Venture capital firm Animoca Brands released an interim financial report laying out its key unaudited financial positions as of April 30, 2023. The company revealed around $3.4 billion in assets, claiming it remains financially strong despite recent reports of its valuation plummeting. Within the update, the company highlighted a cash and stable balance worth $194 million, liquid digital assets worth…
China launches national blockchain center to train half a million specialists
On May 10, the National Blockchain Technology Innovation Center, first announced in February, has officially started its work in the capital city of Beijing. The Center will collaborate with local universities, think tanks and blockchain businesses to develop blockchain implementation in China. The institution will reportedly train more than 500,000 specialists in distributed ledger technology (DLT). The Beijing Academy of…
Buying a car with Bitcoin gets $3.7M fine, prison time in Morocco
A crypto user who purchased a luxury car with Bitcoin (BTC) has faced a sentence of 18 months in prison and a $3.7 million fine in Morocco, which still considers the use of crypto as an illegal act. A recent report by Euronews has stated that the Casablanca Court of Appeal has upheld the conviction of Thomas Clausi, a 21-year-old…
South African Minister Tells BRICS Nations Not to Rush Decision on Common Currency – Africa Bitcoin News
The South African minister of international relations, Naledi Pandor, has urged Brazil, Russia, India, China and South Africa (BRICS) countries to be wary of making a hurried decision when they meet in August to discuss launching a common currency. Pandor said her country will “not shy away from discussions” that relate to her country’s national interests. The minister also revealed…
Binance looks to the UK for regulation amid US crypto crackdown
Crypto exchange Binance has acknowledged that a crackdown on cryptocurrencies has made it challenging to conduct business in the United States, and it is now looking to be regulated in the United Kingdom. During the Financial Times’ Crypto and Digital Assets Summit, Patrick Hillmann, the company’s chief strategy officer, expressed that the past six months have been quite confusing for…
Binance looks to the UK for regulation amid US crypto crackdown
Binance seeks regulation in the U.K. amid a U.S. crackdown on cryptocurrencies as its chief strategy officer acknowledges the challenging business environment i… Source: https://cointelegraph.com/app/public/index.php/news/binance-looks-to-the-uk-for-regulation-amid-us-crypto-crackdown
Can artificial intelligence create more jobs?
Artificial intelligence (AI) can increase productivity, boost economic growth, alter existing occupations and generate new ones. Without a doubt, AI will result in some job displacement in the short term, but there are numerous reasons to think that AI will also contribute to creating new jobs and economic growth in the long run. Artificial intelligence can also help workers become…
Bitcoin fees plummet 95% as BTC price recovers from US gov’t scare
Bitcoin (BTC) struggled to recover from fresh losses on May 11 as a false alarm over United States government sales spooked markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysts deny U.S. government BTC sales Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $27,400 at the time of writing. The pair had seen a flash sell-off the day…