Liechtenstein Prime Minister Daniel Risch announced plans to accept Bitcoin (BTC) as payment for government services. As reported in local news, the micro-European nation continues to embrace blockchain technologies. Risch, who also serves as finance minister, is quoted as saying: “A payment option with Bitcoin is coming.” However, he did not give a timeframe. Moreover, the principality is unlikely to…
Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as prices fell back below $1,900. Bitcoin Bitcoin (BTC) moved lower to start the week, as cryptocurrency markets continued to react to…
Artificial Intelligence (AI) has been growing at an unprecedented rate in recent years and is being integrated into a range of industries. But its rapid growth has sparked concern over job losses, as many tasks previously performed by humans could soon be automated by AI. For example, on May 1, IBM CEO Arvind Krishna told Bloomberg that 7,800 jobs at…
NFT trading volumes on Ethereum surged in Q1 2023 compared to the previous quarter, thanks in part to the airdrop farming frenzy for Blur’s native token. Blur is an NFT marketplace and aggregator that launched in October 2022. The project scheduled an airdrop of the platform’s native token, BLUR, on February 14, 2023, which brought significant traction from airdrop hunters…
The Australian blockchain company Everledger has reportedly entered insolvency proceedings after failing to raise new funding from an undisclosed investor. Everledger, which uses blockchain to track the provenance of diamonds and other goods, failed to make its latest funding round happen, the AFR reported on May 8. Subsequently, Everledger was quietly placed into voluntary administration as the firm could not…
Here’s how Bitcoin (BTC) traders can profit whether its price move up or down 10% within 55 days. Bitcoin options: Bracing for volatility Traditional market analysts have started calling for a volatility spike due to the U.S. government debt discussion. Moreover, signs of stress coming from the banking sector took investors by surprise after the DXY index, which measures the…
Spanish law enforcement recently nabbed three individuals who befriended and eventually kidnapped a Syrian cryptocurrency dealer. Following their arrest, the kidnappers, who were demanding a ransom of over $1.1 million, were found in possession of weapons and fake identity documents. Syrian Crypto Dealer’s Captors Were His Party Friends Spanish law enforcement recently freed a Syrian cryptocurrency dealer from three kidnappers…
Crypto exchange Binance has resumed Bitcoin withdrawals after a temporary pause, with transactions shown as successfully sent to users’ wallets. There still may be delays with the actual transaction verifications, however. Binance twice paused Bitcoin withdrawals from its platform in the past 24 hours citing “a congestion issue,” inevitably leading to massive speculation of the exchange’s health on social media.…
The popular meme coin rally fueling the rise of Pepecoin (PEPE) appears to have finally begun to slow. Per CoinGecko, PEPE has fallen by nearly 11% this morning. Still, over the week, the meme coin has risen a whopping 215%. Launched mid-April, the frog-inspired token quickly gathered steam, entering the top 100 cryptocurrencies by market cap last week. Today, PEPE…
Ripple has spent $200 million defending the case brought against it by the United States Securities Exchange Commission (SEC), according to CEO Brad Garlinghouse. Garlinghouse dropped the figure during a fireside chat at the Dubai Fintech Summit on May 8. He stated that the U.S. is stuck compared with the regulatory progress of the United Arab Emirates virtual asset regulatory…
