The Verkhovna Rada of Ukraine has approved the country’s proposed law “On Virtual Assets” with the recommendations of the president. Two hundred and seventy two People’s Deputies voted for this decision. As you may recall, on September 8, 2021, the Verkhovna Rada adopted this document in its reading. However, on October 5, the president of Ukraine, Volodymyr Zelensky, vetoed it…
The Canadian government has warned that more financial accounts and cryptocurrency wallets will be frozen as law enforcement attempts to end the Freedom Convoy trucker protest. However, truckers are standing their ground even after the police arrested two protest organizers. Prime Minister Justin Trudeau says, “It’s high time that these illegal and dangerous activities stop.” More Accounts Will Be Frozen…
About the author Alex Kantrowitz is the founder of Big Technology, a newsletter and podcast about big tech and society. He is the author of the book “Always Day One: How The Tech Titans Plan To Stay On Top Forever,” and a former senior reporter at BuzzFeed. Editor’s note: This piece first ran on Big Technology, a paid newsletter. Right…
Recent research shows that decentralized exchanges that distribute tokens via airdrops see a big boost in user numbers and transactions. But, is building communities this way just crypto’s version of printing money? Airdrops — the disbursal of free tokens to early users as a way of rewarding and building momentum — have been around for years but came to prominence…
Losses in cryptocurrency markets extended on Friday, with bitcoin falling to multi-week lows in the process. Ethereum was also lower during the session, whilst the global crypto market cap was down 3.70% as of writing. Bitcoin Bitcoin was down for a third consecutive session, as recent bearish pressure continued to intensify on the world’s largest cryptocurrency. Following a high of…
The price of Bitcoin briefly fell below $40,000 in the last hour, according to CoinMarketCap. Although the price has since recovered to just over $40,400, Bitcoin’s price movements form part of a broader negative price run for the flagship cryptocurrency. Bitcoin has dropped by over 3% in the last 24 hours, and over 7% in the last week. Starting 2022…
Bitcoin (BTC) fell through $40,000 as Wall Street opened on Feb. 18 with analysts watching lower levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin falls to two-week lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD teasing a $40,000 breakdown throughout Friday, with several attempts seeing bounces higher before the level finally gave way. At the time of writing,…
Competition among Bitcoin miners has reached new highs, according to the latest data. On-chain analysis by BTC.com reports that the network’s mining difficulty hit a new all-time high of 27.97 trillion hashes yesterday. The network calculates how difficult it is to mine Bitcoin—or how much computational power is required to earn Bitcoin—according to the supply and demand of miners. The…
The Bank of Spain, the central bank of the country, has recognized the first cryptocurrency platform that will be able to operate and provide officially approved services in the country. The first exchange to receive this approval was Bit2me, which is now approved to act as a virtual asset service provider (VASP). While this is the first platform approved, others…
XRP addresses that hold at least 10 million native units have returned to accumulating more in the past three months, a similar scenario that preceded a big rally for the XRP/USD and XRP/BTC pairs in late 2020. The return of XRP ‘mega whales’ A 76% spike in XRP “mega whale” addresses since December 2021 has been noted by analytics firm Santiment…
