Bitcoin Cash (BCH) advocates have unlocked new possibilities with the annual upgrade that took effect on May 15, 2023. With the new upgrade, they can now mint and engage in transactions involving tokens built on the BCH blockchain. This development, called Cashtokens, allows for token creation and transactions to be verified by the BCH network
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China’s State Councilor and Foreign Minister, Qin Gang, held talks with French Minister for Europe and Foreign Affairs, Catherine Colonna, in Paris last week to discuss their countries’ strategic partnership. Both Qin and Colonna viewed French President Emmanuel Macron’s state visit to China as a complete success. They stated that the French leader had an
Web3 payments refer to payments made using cryptocurrencies and blockchain technology. There are several benefits to using Web3 payments over traditional payment methods. Firstly, cryptocurrency payments are faster and more secure due to the immutable nature of blockchain technology. Secondly, they have lower transaction fees, which can significantly increase a merchant’s profit margins. Thirdly, they
Kim Nam-kuk, a representative in the South Korean National Assembly, has announced his departure from his political faction due to a growing scandal surrounding his alleged cryptocurrency dealings. In a Facebook post on Sunday, Kim stated that he would briefly leave the Democratic Party in order to not be a burden on the party and
Harvard economics professor Kenneth Rogoff has shared his thoughts on the U.S. economy, a potential U.S. default, and the risk of a global financial crisis in a recent interview. Rogoff, who is the Maurits C. Boas Chair of International Economics at Harvard University and a former Chief Economist and Director of Research at the International
After days of congestion, the backlog of unconfirmed bitcoin transactions is finally starting to clear up as miners catch up. According to statistics from mempool.io, high-priority transactions were priced at $3 per transfer, while low-priority transactions cost $2.23 per transfer on May 11. However, onchain fees have significantly subsided over the past three days. A
The lower house of the Russian parliament, the State Duma, is set to adopt four laws related to cryptocurrency during its spring session, which ends on July 30. The parliamentary Financial Market Committee chairman, Anatoly Aksakov, revealed that the bills will regulate cryptocurrency mining, cross-border crypto payments, taxation of digital assets, and liability for their
According to data from cryptoslam.io on May 14, 2023, Bitcoin NFT sales have become a significant contributor to the digital collectible sales landscape among 21 distinct blockchains. While Ethereum NFT sales continued to dominate with $111.26 million in sales, Bitcoin-based NFTs, also known as Ordinal inscriptions, secured the runner-up position. The data demonstrates that Bitcoin
Elon Musk, the entrepreneur and CEO of Twitter, announced that he has found someone to replace him as the chief executive officer of the social media platform. In a tweet, he confirmed that he would be staying with the company but in other executive roles. Musk did not reveal the identity of the new CEO
ATPBot is a groundbreaking platform that combines AI technology with quantitative trading. It is the first trading bot of its kind, with unparalleled performance in the industry. Like ChatGPT, ATPBot uses machine learning algorithms to generate profitable trading strategies. It is designed to provide personalized trading strategy recommendations based on quantitative artificial intelligence analysis. By
China, one of the world’s largest economies, has recorded its lowest inflation rate in over two years, according to data provided by the National Bureau of Statistics (NBS). The Consumer Price Index (CPI) increased by 0.1% year-over-year, a significant drop from March’s 0.7% increase. The decrease in prices can be attributed partly to the decline
On Thursday around 4 p.m. (ET), the Ethereum blockchain encountered a temporary halt in processing ETH transactions and achieving consensus for approximately 25 minutes. The halt was noticed by Ansgar Dietrichs, a researcher at the Ethereum Foundation. He stated that the beacon chain had a brief period of non-finalization but the robustness of the chain
Recent data has shown that liquid staking protocols are continuing to grow, with top decentralized finance (defi) protocols recording an additional 441,110 ethereum (ETH) in just 12 days. As of May 12, 2023, the total value locked (TVL) in liquid staking derivatives (LSDs) stands at 8,872,715 ether, equivalent to $16.101 billion. This marks a significant
On Thursday, May 11, 2023, a dormant Bitcoin wallet created on June 19, 2011, transferred 139.7 BTC, worth $3.7 million at the time of transfer. Btcparser.com flagged this activity which occurred at block height 789,291 at 8:14 p.m. (UTC). This is the latest in a series of transactions from inactive 2010 and 2011 wallets, which
Beth Hammack, co-head of Goldman Sachs’ Global Financing Group within the Investment Banking Division, has warned of the risks associated with the U.S. defaulting on its debt obligations. Hammack spoke out on Bloomberg Television, highlighting that international investors are perplexed by the U.S.’s unwillingness to pay its bills. She stated that the current situation is
Bitcoin has been struggling to keep up with the demand for block space, resulting in a queue of unconfirmed transactions in the mempool. Just a few days ago, the mempool hit an all-time high with over 500,000 unconfirmed transactions waiting to be processed. This surge in demand is due to the recent craze for digital
Sovereignty refers to a country’s ability to govern itself independently, including regulating and controlling activities within its borders, such as those of cryptocurrency companies. Cryptocurrency companies face varying levels of regulatory frameworks worldwide, with some countries offering favorable conditions and others imposing stricter regulations or bans that limit operations and innovation. Sovereignty is the only
The latest nonfarm payrolls report has caused Bitcoin (BTC) to move lower at the start of the week. The report revealed that the number of jobs added to the US economy is higher than expected, justifying the Federal Reserve’s decision to increase interest rates by 0.25%. As a result, BTC/USD fell to an intraday low
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