Bitcoin

The cryptocurrency XRP, previously known as Ripple, experienced a 5% decrease in value on Monday. The global market cap also slipped by over 3% during the day. XRP/USD dropped to its intraday low of $0.4333 at the start of the week, less than 24 hours after reaching a high of $0.4606. This decline caused XRP

Bolivia has passed a new law allowing the government to sell up to 50% of its gold reserves in dollars. This move is aimed at easing the internal scarcity of dollars in the country. The law gives faculties to the government to negotiate the sale of 22 tons of gold out of the almost 44

According to Intelion Data Systems, a major Russian importer and distributor of mining hardware, Russia has the chance to increase its leadership in the field of crypto mining, against the backdrop of negative developments for the industry elsewhere. The company believes that the country’s share in the Bitcoin hashrate could potentially reach 18%, which will

Pepe the Frog meme coin, pepe (PEPE), has emerged as a new competitor in the meme token market. PEPE saw an impressive surge of 896% over the past week, making it the third-largest meme token, trailing only DOGE and SHIB. The token has been gaining momentum since its launch on April 14, 2023, and has

Kazakhstan’s State Revenue Committee of the Ministry of Finance announced that the country’s coffers have received 3.07 billion tenge (nearly $6.9 million) in tax payments from entities involved in digital currency minting in 2022. Since January 1, 2022, cryptocurrency miners in Kazakhstan have been required to pay taxes and fees. They have already transferred 240

A professor of peace and conflict research at Sweden’s Uppsala University, Ashok Swain, has stated that if Saudi Arabia joins the BRICS economic bloc, it could accelerate the use of the yuan as a trading currency. Professor Swain is the head of Uppsala University’s Department of Peace and Conflict Research and the UNESCO chair on

John Reed Stark, a former chief of the U.S. Securities and Exchange Commission (SEC) Office of Internet Enforcement, has refuted Coinbase’s claims of having a “regulatory safe harbor” and the notion that the SEC is constrained by a certain doctrine. Stark added that the argument that Coinbase’s business activities were endorsed by the SEC when

Stronghold Digital Mining, Inc. has announced a two-year hosting agreement with Cantaloupe Digital, a subsidiary of Canaan, the manufacturer of Avalon-made ASICs. Starting on May 15, Stronghold Digital will install Avalon A1246 mining rigs, each with 90 terahash per second (TH/s) of hashpower. The company plans to install 2,000 Avalon A1346 miners in June, with

Santiago Cafiero, the foreign minister of Argentina, recently spoke about the advantages that a common currency for Latin American countries would bring to the region and his own country. Although various proposals were discussed during a four-hour meeting between Brazilian President Luiz Inacio ‘Lula’ da Silva and Argentine President Alberto Fernandez, the idea of a

Iranian companies have been given permission to pay for imports using cryptocurrencies, the country’s Trade Promotion Organization (TPO) has confirmed. The head of the government body, Alireza Peymanpak, stated that the Central Bank of Iran (CBI) had authorized the use of digital coins for imported goods, with the final decision to be made by the

The White House’s Council of Economic Advisors has raised concerns about the impact of crypto asset mining on the environment, stating that it leads to negative spillovers on the environment, quality of life, and electricity grids in the United States. In response to these concerns, the Biden administration is proposing the Digital Asset Mining Energy

Bitcoin (BTC) experienced a rebound on Wednesday, with all eyes on the Federal Reserve rate decision. After reaching a low of $27,935.73 on Tuesday, BTC/USD surged to an intraday high of $28,881.30. This came after bitcoin rejected a breakout below its long-term floor at $27,600 earlier in the week. Momentum has shifted slightly higher, with

The Trust Wallet has been found to be a secure and reliable option for cryptocurrency users, according to recent research conducted by AX1. The researchers noted that the wallet uses strong encryption and multi-factor authentication to protect user data and prevent unauthorized access. Additionally, Trust Wallet has a track record of timely security updates and

The U.S. Federal Reserve has raised its benchmark interest rate again, citing modest economic expansion in the first quarter of the year. While unemployment has remained low, inflation continues to be a concern for the central bank. In its press release, the Federal Open Market Committee (FOMC) emphasized the soundness and resilience of the U.S.

Recently, the Bitcoin community has been buzzing with excitement around the introduction of the BRC20 token standard. This new standard, introduced by a pseudonymous developer named Domo in March, leverages the Ordinals protocol, allowing creators to easily mint fungible crypto assets onchain. To create a BRC20 coin, individuals simply need to encode a JSON data

The SportVerse is an exciting and innovative online play-to-earn game platform that has been developed for players who enjoy sports-related activities. Unlike other online games, The SportVerse offers a unique experience that is more than just competing against other players. It comprises of training, diverse events, social interaction, and supplementary goods and services. The Concept

Polygon (MATIC) experienced an upswing on Wednesday, as the token moved away from a recent point of support. After dropping to $0.954 on Tuesday, MATIC/USD rose to a high of $0.9925 earlier in the day. This caused the polygon to bounce back from a recent price floor of $0.950 after recently dropping to a multi-week

In a joint operation, officials from around the world have collaborated to bring down the DNM Monopoly Market, resulting in the arrest of 288 individuals throughout the investigation. The operation, named Spector, began in December 2021 when Monopoly was captured, leading to over 100 federal investigations and prosecutions within the United States. In January 2022,

The Central Bank of Russia (CBR) predicts that Russian banks will earn 1.9 trillion rubles (nearly $24 billion) by the end of 2023, according to Deputy Governor Olga Polyakova. This is comparable to the profit earned in 2021, marking a positive trend for the industry. The CBR’s baseline projections earlier this year estimated net profits