In this section you will find all news, analysis and forecasts related to bitcoin.
Foundry, the US-based crypto mining service provider, has shared a report on the amount of Bitcoin hash rates generated in the region. The report demonstrated that Texas leads other states in developing Bitcoin hash rates. Per Foundry report, Texas generates approximately 28.5%…
JPMorgan financial arm Chase Bank announced plans to impose restrictions on crypto transactions in the UK. In a blog post, the Chase bank team confirmed that from October 16, UK retail and institutional clients will be restricted from engaging in crypto transactions….
Mixin Network, prominent blockchain protocol that addresses scalability concerns, has suffered loss of substantial assets after the hackers compromised its database. In a September 23 update, the Mixin team lamented that hackers launched a malicious attack on the protocol, draining assets worth…
The Japanese Bitcoin exchange platform Mt. Gox has prolonged the deadline for repaying the creditors to next year. A letter penned by Nobuaki Kobayashi, the head of trustee, illustrated that the repayment period has been moved to October 31, 2024. The trustee…
Bitcoin’s price is becoming increasingly unpredictable. The asset has been trading in a tight range before a recent rally that saw it rise above $27,000 as investors hope for a happy ending to the Fed’s decision today. One thing is clear though…
On Monday, September 18, the fast-paced fintech company in Canada inked a strategic partnership agreement with Localcoin, a crypto ATM provider. A blog post by Bitbuy’s parent company, WonderFi Technologies, indicated that the two partners will promote crypto adoption and improve accessibility…
A joint report by BitGo and Swan Bitcoin revealed plans to launch the first-ever Bitcoin-only trust company. The proposed Bitcoin-only trust seeks to provide custodial service at minimum exposure to crypto assets. In the September 15 report, BitGo and Swan revealed that…
PayPal Holding Inc. has launched new on-ramp and off-ramp services to support Web3 payments for US retail and institutional clients. Launching new features seeks to redefine the payment company capabilities to allow US users to transfer their crypto assets directly to cash…
On Friday, September 8, a strong earthquake of magnitude 6.8 struck Morocco, leading to massive loss of lives and destruction of property. The earthquake claimed over 2800 lives and left 2,500 Moroccans injured. A press release from the Moroccan government demonstrated that…
The pursuit to become the leading crypto hub in Central America has forced El Salvador to invest in improving its business attractiveness to push for mainstream adoption of Bitcoin. On September 8, the Salvadorian Ministry of Education officially launched the pilot program…
An official publication issued by Marathon Digital Holding revealed that Bitcoin production fell by 9% in the previous month. The report outlined the exact amount of Bitcoin produced between July and August. The statistics shared by the Marathon group indicated that the…
It has been a long battle between the U.S security and exchange commission (SEC) and the crypto industry, especially with the approval of a Bitcoin ETF. J.P Morgan believes the agency may be forced to approve an ETF soon though. The SEC…
Cambridge Bitcoin Electricity Consumption Index (CBECI), a renowned institution providing real-time electricity consumption estimates, has completed revising the computation approach. The successful reassessment aims to improve the index estimates’ accuracy and reliability. Since 2019, the CBECI has supported Bitcoin mining activities by…
The crypto market has seen a sudden rally today 29 August after many days of sideways movement. As a result, Bitcoin’s price has jumped back to over $28,000 for the first time in weeks. Bitcoin crashed below $30,000 a few weeks ago…
Hashkey, the popular crypto exchange in Hong Kong, is set to begin its retail trading on Monday, August 28. Addressing the local news site, the Hashkey team will support the buying and selling of Bitcoin to retail clients. The report demonstrated that…
As the world continues to see high cryptocurrency adoption, South Korean crypto enthusiasts have demonstrated a growing interest in Ripple’s native token, XRP. A report featured on the South Korean media outlet “News 1 Korea” reported that the Generation Z crypto investors…
Bitcoin has been trading sideways for days after crashing below $26,000 for the first time since March. This has led to a general crash in the crypto market as altcoins follow Bitcoin’s trends. As a result, many investors have become pessimistic. It…
An announcement conveyed by the chief executive officer of Hive Digital, Aydin Kilic, revealed that artificial intelligence and blockchain technology have massive potential to transform the Web3 sector. The CEO stated that AI and blockchain are the core pillars of Web3 development….
The crypto market has been interesting in the last few weeks. After sustaining a bearish momentum for weeks, the market turned green recently, with assets experiencing a short relief. The relief rally is however long over, and the bearish momentum has kicked…
In an advanced report, the leading stablecoin issuer, Tether, revealed that the firm has invested in creating innovative software to improve Bitcoin mining activities. The proposed software will support Bitcoin mining operations that leverage data analytical tools and renewable energy. Addressing the…
